How much does GME’s rally and social volume correlate with Bitcoin price trends? The same impact was seen at higher periods during the previous cycle. Bitcoin (BTC) broke above short-term local resistance at $64.5,000 on May 15, just two days after GameStop (GME) posted a measured 284% rally since last Friday. According to a recent post by X (formerly Twitter): st tly It was claimed that the GME craze has actually spread to cryptocurrencies. Given the speculative nature of the cryptocurrency market, especially the memecoin sector, this overlap makes sense. To see if crowd sentiment could mark the peaks and…
Author: Crypto Flexs
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Bitcoin price rose to test the $66,500 area. BTC is currently consolidating gains and could attempt another hike up to $67,500. Bitcoin began its consolidation phase at the $66,500 resistance zone. The price is trading above $65,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a key bullish trendline with support at $65,150. Unless the bears break below $63,800, the pair could begin another rally. Bitcoin price remains supported Bitcoin price formed a base and began a new rise above the $63,500 level. BTC even cleared the $65,500 resistance and…
Notcoin: The New Frontier in Crypto Gaming Notcoin emerged as a popular clicker game on the Telegram app, captivating over 35 million users worldwide. Developed by Open Builders, the game allows players to earn in-game currency called Notcoins by repeatedly tapping golden coin icons. This mechanic introduces strategic gameplay elements that balance persistence and patience. The game includes a competitive element where players compete for positions on a global leaderboard categorized from Silver League to Diamond League. To increase returns, players can take advantage of daily boosts or purchase permanent enhancements with Notcoins. The game…
May 16th What is Notcoin (NOT)? Posted at 13:22h in education, tokens by admin Notcoin has carved out a niche for itself as a highly engaging clicker game within the Telegram app, captivating over 35 million users worldwide. Developed by Open Builders, the game simplifies the cryptocurrency gaming experience by allowing players to earn in-game currency called Notcoins by repeatedly tapping golden coin icons. Tapping like this depletes player energy and gradually regenerates it, introducing a strategic gameplay element that balances persistence and patience. The game enhances the way it plays by incorporating a competitive element where players compete for…
ETFSwap (ETFS) outperforms Shiba Inu (SHIB) and Litecoin (LTC) as liquidity flows into the ecosystem. With stealth and precision, the new kid on the block, ETFSwap (ETFS), has been observed to completely poach long-term whales and investors from top cryptocurrency projects Shiba Inu (SHIB) and Litecoin (LTC). The broader cryptocurrency industry, such as the whales of Shiba Inu (SHIB) and Litecoin (LTC), as well as large whales and smart money, identify increased investment potential and returns in ETFSwap (ETFS) based on the platform’s innovative utility. ETF Swap (ETFS) It recently raised a whopping $2 million in the first phase of…
May 16: Param Lab, the independent games and infrastructure development company behind the Kiraverse games, and 3D asset creation platform Pixel to Poly announced $7 million in funding in an investment round led by Animoca Brands. According to the team, “Delphi Ventures, Cypher Capital, Mechanism Capital and other top-tier investors also participated in the seed and private funding rounds, which will allow the company to compete with major players such as Pudgy Penguins, Neo Tokyo, Animoca Brands’ Mocaverse, Pixelmon, as well as GameStop. We also have retailers.”
Our weekly news roundup from East Asia selects the most important developments in the industry. Bybit’s Open Day Notcoin Problem Cryptocurrency exchange Bybit has been embroiled in controversy over the initial listing of Notcoin (NOT), a play-to-earn game and token built on an open network and integrated into a Telegram mini-app. Essentially, not all users received the airdrop before the market opened, putting those who received the airdrop at a disadvantage. Subsequent trading prices were much lower than on other exchanges. “The Bybit team is working hard to resolve the Notcoin airdrop balance reflection issue.” wrote CEO Ben Zhou said…
Solana Memecoin creation tool Pump.fun claimed that a former employee extorted the company out of approximately $2 million through a “bond curve” attack.The former employee used his “privileged position” to gain access to “withdrawal authority” and compromise the protocol’s internal systems, Pump.fun. It was claimed in X’s post on May 16th.Approximately $1.9 million of the total $45 million held in Pump.fun’s bonding curve contracts was stolen.The platform has temporarily suspended trading, but is now back up and running.Pump.fun smart contracts are “secure” and users affected by the incident will receive “100% of the liquidity” they previously held within the next…
BNB, the native cryptocurrency of the BSC network, was undoubtedly one of the winners in the altcoin space where the bull market began. The price rose from about $200 to over $600 in one year, making a profit of more than 200% in the process. However, this run of altcoin outperformance appears to be coming to an end as one analyst predicts that the altcoin will encounter significant resistance that could halt its growth. BNB is heading towards the resistance In an analysis shared on the TradingView website, cryptocurrency analyst Trade City Pro stated that the BNB token may soon…
Tornado Cash developer Alexey Pertsev has reportedly appealed his conviction in the Netherlands, a case that has sparked a broader conversation about cryptocurrency privacy. Pertsev and his legal team, led by attorney Keith Cheng, have reportedly filed an appeal against his 64-month sentence for facilitating money laundering of more than $2.2 billion through Tornado Cash, an Ethereum-based cryptocurrency mixer. Several media organizations reported the application submitted to the s-Hertogenbosch Court of Appeal, but it was not yet known whether the appeal had been approved at the time of going to press. Attempts by crypto.news to contact Pertsev’s lawyer for confirmation…