1.69 trillion BONK tokens were officially burned during the community-driven holiday event “BURNmas,” sending the price of the Solana-based memecoin up from its December lows. Burning of 1.69 trillion BONK Meme CoinsThe BONK Decentralized Autonomous Organization (DAO) successfully burned 1.69 trillion BONK tokens through a multi-signature wallet on Thursday, December 26th. According to a post from the X account, the burn exceeded the community’s expectations, permanently removing nearly $52 million worth of tokens from circulation. Hello BONKers, quick BURNmas update:During the campaign, the BONK community truly exceeded The Dog’s (and DAO’s) expectations❗️❗️❗️ final number $BONK The amount raised through these…
Author: Crypto Flexs
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Cryptocurrency scams surrounding pig slaughter cost cryptocurrency users more than $3.6 billion in 2024. This reflects a 40% surge over the past year. According to a report published by Cybers, there will be the most pig slaughter scams targeting cryptocurrency users in 2024. The web3 security company said cryptocurrency users lost $3.6 billion on the Ethereum blockchain due to fraudulent activity. According to reportCyber fraud increased 40% year-on-year. There were 165 accidents, resulting in a total loss of $2.3 billion. 🚨 $3.6 billion stolen in pig slaughter scams in 2024 🐷This year, the cryptocurrency world was rocked by a pig…
Online casinos have been around for a long time, dating back to the mid-1990s. Although it was a bit old-fashioned at first, it is now a completely immersive gaming experience featuring all the classic casino favorites.One of the major changes in this sector is the growth of cryptocurrency-based casinos. Despite exponential growth across the industry, cryptocurrency casinos are still a niche market. They’ve been growing in popularity over the past few years, and as it turns out, there’s a very good reason.positionThis may not be the biggest benefit of playing at a cryptocurrency casino, but being accessible 24 hours a…
This article is also available in Spanish. Ethereum has struggled to regain bullish momentum, leaving altcoin trading at pivotal levels. Ethereum is at the center of attention from investors anticipating a potential rebound in the coming weeks. This optimism has been fueled by expectations that Ethereum’s resurgence could signal the start of the long-awaited alt season and lead to widespread gains across altcoin markets. Related Reading Top analyst Carl Runefelt recently shared a powerful technical analysis on X, highlighting that Ethereum formed a symmetrical triangle pattern within 4 hours. According to Runefelt, this pattern is a classic precursor to a…
The price of XRP has risen more than 300% in the past two months and was trading at $2.10 on December 27. Nonetheless, there are warning signs that XRP/USD could erase at least 25% of these gains in the near term. XRP/USD daily price chart. Source: TradingViewXRP is close to a descending triangle collapse.The latest losses in XRP (XRP) come as the price is trading within a bearish triangle pattern. This is a bearish structure that usually indicates further decline. This pattern is defined by a series of lower highs forming a triangular descending trendline, with the $2.10 level acting…
It is reported that a significant portion of the Korean population is investing in cryptocurrency. Yonhap News reported that the number of cryptocurrency holders on Korean exchanges exceeded 15.59 million in November, up 610,000 from 14.98 million in October, citing new central bank data provided by the office of Democratic Party lawmaker Lim Gwang-hyun. The figure based on the number of investors holding accounts in Korea’s five major exchanges, including Upbit, Bithumb, Coinone, Korbit, and Gopax, accounts for more than 30% of the approximately 51.23 million people residing in East Asian countries. . The report said the number of cryptocurrency…
Key Takeaways Strive’s ETFs provide exposure to Bitcoin primarily through “Bitcoin Bonds,” MicroStrategy convertible securities and derivatives. The ETF seeks to participate in the institutionalization of Bitcoin. Share this article Strive Asset Management plans to launch a new ETF that will provide exposure to Bitcoin through convertible notes, focusing primarily on MicroStrategy’s holdings.The Strive Bitcoin Bond ETF invests at least 80% of its assets in “Bitcoin bonds” and related derivatives, including swaps and options.The actively managed fund makes allocation decisions based on costs and return potential and will have direct positions in both Bitcoin-linked convertibles and derivatives.The fund maintains cash…
Bitcoin fell 15% in the week after hitting an all-time high of about $108,365, according to data from Bitstamp. The cryptocurrency may fall further in the coming weeks as Tether’s market dominance rapidly recovers.USDT.D vs BTC/USD weekly performance chart. Source: TradingViewTether’s dominance signals a “massive dump” in Bitcoin marketsAccording to TradingView contributor The ForexX Mindset, Bitcoin (BTC) price could witness a “massive dump” due to its negative correlation with the USDT Dominance Index (USDT.D), which measures Tether’s (USDT) share of all cryptocurrencies. there is. market.In particular, the USDT.D indicator shows signs of a significant rebound after reaching support levels last…
On-chain metrics show that the number of active addresses is decreasing and open interest has recently decreased. Technical indicators suggest that NEAR’s recent downtrend is losing steam. NEAR is one of the worst-performing tokens on the market recently, down 16.44% over the past month and down 6.57% over the last 24 hours. This is a sign of a bearish trajectory. However, despite this negative sentiment, market analysis suggests that the bearish momentum may be easing somewhat. This cooling off period could set the stage for a significant price rebound, potentially offsetting recent losses. NEAR declines due to lack of interest…
Mexicothe world’s leading cryptocurrency trading platform, has officially launched Meme+ Zone on its app. Introduction to MEXC Meme+ Zone The MEXC Meme+ zone focuses on popular on-chain projects, combining the advantages of spot and on-chain transactions. The platform adopts an order book model to ensure strong token liquidity, significantly reduce slippage and enable faster and more efficient trading. At Meme+ Zone, users can seamlessly trade high-potential, early-stage memecoins without the need for Web3 wallets, private keys, or seed phrases. By introducing this new feature, MEXC aims to provide users with a specialized trading area, providing access to a wider range…