Author: Crypto Flexs

Bonk Killer quickly accumulated market value. However, this growth came to an abrupt halt when traders found themselves unable to sell their tokens. On April 29, 2024, the cryptocurrency world experienced an unusual event with the emergence of a relatively unknown meme coin called BONKKILLER running on the Solana blockchain. experienced The massive surge brought its market capitalization to $328 trillion. 🚀🔥 Don’t be fooled by the hype! 🛑 The Memecoin Bonk Killer may have achieved a jaw-dropping $328 trillion market capitalization, but it’s nothing more than a honeypot scam. With holders unable to sell their tokens, this is a…

Shortly after news broke that former Binance CEO Changpeng Zhao, also known as CZ, would be serving four months in federal prison for violating anti-money laundering laws, two things happened.First, with a net worth of more than $40 billion, according to Bloomberg, CZ would be the richest person to have served time in federal prison in the United States. Second, reactions to the news that the man who helped build the world’s largest cryptocurrency exchange would be imprisoned set the internet ablaze.Former Binance colleague Patrick Hillmann joined in to voice his support.”I witnessed it firsthand with CZ. “We have rebuilt…

The judge differed from the DOJ’s 36-month proposal. Some expect the judge to impose a sentence of 10 to 16 months. Changpeng ‘CZ’ Zhao was charged with violating the Bank Secrecy Act. In a major turn of events, the sentencing hearing for Binance’s former CEO Changpeng ‘CZ’ Zhao took a surprising twist. Judge Richard Jones signaled a move away from the harsh sentences proposed by the U.S. Department of Justice (DOJ) in favor of a more lenient approach. Judge Jones Aims for Lenience In an ongoing court hearing, Judge Jones expressed skepticism about the Justice Department’s push for a longer…

Binance and Polygon have verified more unique addresses than any other chain. TVL and volume have decreased despite the number of unique addresses. Recent data shows that Binance (BNB) and Polygon (MATIC) have the most active addresses. Nonetheless, it is important to analyze how this has affected volume and total value locked (TVL). Also, how have BNB and MATIC trended based on the volume of unique addresses on their networks? Binance and Polygon Leading Rankings In the recently conducted ranking of the top blockchains by unique address, Cryptocurrency RankingBinance Smart Chain and Polygon took the top two positions. According to…

U.S. House Financial Services Committee Chairman Patrick McHenry criticized the U.S. Securities and Exchange Commission (SEC) and Chairman Gary Gensler over the SEC’s investigation into Ethereum, suggesting that Ethereum could be classified as a security. The lawmaker also emphasized that Gensler intentionally misled Congress on the issue. ‘Chairman Gensler himself misled Congress’ (…)

Bitcoin (BTC) regained the crucial $60,000 support level in a show of resilience after bears attempted to wipe out $59,000 lows set in March, based on CryptoSlate data.The leading cryptocurrency is trading at $60,800 at press time, after falling more than 5% to around $59,100 on April 30 when New York closed trading.The broader cryptocurrency market also saw significant losses on the day, with most major caps falling between 5% and 10%.At press time, Ethereum (ETH) is trading at $3022 after falling to a low of $2919, while BNB is trading around $580 after recovering from a low of $555.Solana…

Amid the recent controversy over the ‘Bitcoin halving’ in April 2024, meme coins are showing tremendous potential. MAGA VP has shown promising signs of significant growth since its launch in February 2024. Looking back, the market capitalization was $6.54 million around April 24 and has hovered between $5.14 million and $6.12 million since then. As of last update, MAGA VP is trading daily at $1,461,503. If MAGA VP continues to average the same trading volume, it could potentially emerge as one of the ‘trending tokens’ and cause a wider shift in the overall meme coin market. Trump’s recent comments in…

Ethereum (ETH) price is in a sharp decline at the time of this writing, but is actually validating a bullish pattern. Buoyed by market conditions, the second largest cryptocurrency on the planet reached $4,000. Ethereum Investors Still Optimistic Ethereum price fell as low as $3,000 in the last 24 hours, but this proved a major test of the upper trend line of the descending wedge. The profit potential of altcoins is supported by the fact that optimism among ETH holders remains alive. As the NUPL (Net Unrealized Profit/Loss) indicator shows, ETH holders are still making significant gains. This creates optimism…

DeFi • April 30, 2024, 6:50 PM EDT Posted 1 minute ago In ~ Uniswap users can now use Robinhood Connect to purchase cryptocurrency using their Robinhood funds via debit card or bank transfer.Robinhood Connect became available this week to users of the Uniswap mobile app, a decentralized exchange (DEX). said Monday’s statement. The service enables cryptocurrency purchases on Uniswap according to the protocol and is one of three providers, joining Coinbase Pay and Moonpay.The first Robinhood Connect user to purchase $10 in cryptocurrency on the Uniswap app will receive $10 worth of USDC into their RobinHood account.Robinhood Connect’s integration…

OpenAI, an artificial intelligence (AI) company co-founded and led by Sam Altman, has launched Worldcoin from Tools For Humanity, a cryptocurrency-based universal basic income and identity verification company co-founded by Sam Altman. It is reported that partnership negotiations are underway with . Bloomberg recently reported that the two companies are negotiating a partnership that would see OpenAI provide AI solutions and services to Worldcoin, resulting in additional synergies in the future.The partnership between OpenAI and Worldcoin is almost certain to come under additional regulatory scrutiny given Altman’s position within both companies. Per Tools for Humanity CEO Alex Blania said in…