CoinShares reports that $435 million was seen weekly outflow from cryptocurrency investment products in the week ending April 26. With the price of Bitcoin remaining in the low $60,000 range, the cryptocurrency exchange-traded product (ETP) has now experienced three consecutive weeks of outflows.source: Coin ShareThe Bitcoin (BTC) fund led the outflow, with $423 million leaving the market after the halving, and the Ether (ETH) investment product also experienced a withdrawal of $38 million, recording a negative flow for seven consecutive weeks. Solana (SOL) and Litecoin (LTC) ETPs experienced deposits, recording net inflows of $4.1 million and $3.1 million, respectively. It…
Author: Crypto Flexs
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In a significant development in the cryptocurrency market, PepeCoin, the meme coin inspired by the popular internet meme Pepe the Frog, today announced the launch of its new trading bot, Kek Bot. This innovative tool is designed to provide decentralized exchange (DEX) users with an improved trading experience. Kek Bot introduces a variety of advanced features to simplify the trading process. The bot includes features such as limit orders, sophisticated charting tools, mirror trading, token search scanner, and portfolio management. It also integrates mechanisms to block sniping bots, trader chat, and maximum extractable value (MEV), ensuring users can trade more…
The success stories of coins like Dogecoin have paved the way for the next generation of meme-inspired cryptocurrencies. Now, experts predict that a new meme coin supercycle will soon emerge, with Floki, Pepe, and others expected to see significant gains.The Rise of Meme CoinsMeme coins are cryptocurrencies that often start out as internet jokes or parodies, but quickly gain traction due to a combination of viral marketing, community support, FOMO (fear of missing out) and speculation. Dogecoin’s early success inspired a wave of imitators with their own variations.current market situationThe cryptocurrency market has experienced significant growth over the past few…
join us telegram A channel to stay up to date on breaking news coverage Despite the recent downward trend, some experts remain optimistic about Dogecoin’s future. The question of interest is whether it can reach $1 in this bull market. Experts suggest that Dogecoin, along with other altcoins, could soon experience a rise in value following the expected market upturn following the recent Bitcoin halving. Dogecoin (DOGE) Price Analysis Once a meme cryptocurrency, Dogecoin has become a major player in the cryptocurrency market. Despite recent price declines of 7% daily, 12% weekly, and 34% monthly, many investors see these declines…
Everyone agrees that blockchain needs to expand. What they disagree on is the method. This is the “modular” vs. “monolithic” debate playing out across the industry, and it’s one of the most interesting and sometimes controversial debates.Modular scaling requires moving microtransactions to a layered system at Layer 2, or even Layer 3, anchoring them on the main chain. This approach adopted by the Ethereum (ETH) community has a major drawback. This leads to network fragmentation and poor user experience. Monolithic scaling, best exemplified by Solana (SOL), requires keeping all transactions on the same chain and optimizing the network through hardware,…
The Switch is Nintendo’s best-selling home console of all time, and widely beloved for its rich library of games—a dramatic turn from the middling Wii U before it. But it’s been seven years since the Switch launched, and fans are getting antsy for Nintendo’s next big thing.Luckily, it may not be far off. Rumors and reports point to a Switch successor that will pack in more power than the original while maintaining its winning blend of home console and handheld functionality. We’ll call it the Switch 2 for now.Reports suggest that major game developers have already been shown the new…
The US SEC could deal a blow to Ethereum (ETH) investors by rejecting a digital asset spot ETF in May, according to early reports. Meanwhile, investors are quietly buying new cryptocurrencies, which are considered the best altcoins to watch in the second quarter of 2024. Fezoo, a new decentralized exchange that will challenge Binance, is attracting XRP and Monero (XMR) investors who want to diversify their investments. Two communities are helping: Monero and XRP. FEZ Collect as many eyeballs as possible. Is Fezoo (FEZ) a good cryptocurrency investment? Let’s explore. XRP comes under fire as SEC seeks $2 billion in…
Legal • April 29, 2024, 5:56 PM EDT Posted 1 minute ago In ~ According to CoinDesk, the co-founder of Samourai Wallet pleaded not guilty Monday to federal charges related to developing tools that make it difficult to track cryptocurrency transactions, as U.S. authorities crack down on privacy-focused technologies. It was reported that the claim was made.Keonne Rodriguez, 35, faces two charges. She is charged with conspiracy to launder money and conspiracy to operate an unlicensed money transfer business. Combined, the charges carry a maximum sentence of 25 years in prison.Rodriguez and his co-founder William Lonergan Hill were arrested last…
Artificial intelligence is everywhere. Instead of the old phrase “Software is eating the world,” it’s now more like AI is eating the world. It is becoming a part of our lives in many ways. However, there are not many AI-based projects in cryptocurrency. But today we are working on a great new project called Openfabric AI, which brings AI and cryptocurrency together. Let’s take a look at what Openfabric has to offer. And that’s a lot. What is Open Fabric AI? Open Fabric AI Unleash the full potential of AI in cryptocurrency. It does this by first becoming a decentralized…
join us telegram A channel to stay up to date on breaking news coverage Pepe price fell 5% in the last 24 hours Traded for $0.00000698 As of 0:11 AM EST, trading volume had plummeted 15% to $601 million. This comes after PEPE surpassed Dogwifhat (WIF) and regained third place among the top meme coins by market capitalization. PEPE prices fell in line with the broader meme coin market, which has fallen 5% over the past 24 hours, reaching a market capitalization of $49 billion. Pepe Price Soars Above Falling Wedge Pattern PEPEUSD Chart Analysis Source: Tradingview.com Pepe price experienced…