U.S. President Joe Biden will end his campaign for a second term, he announced Sunday, sending meme coins tied to his campaign plummeting and slightly decreasing Republican nominee and former President Donald Trump’s chances on the Polymarket prediction market. Vice President Kamala Harris is now the leading contender for becoming the new Democratic Party nominee
Political meme coins reacted to President Joe Biden’s decision to end his reelection bid for the 2024 U.S. presidential election and endorse Vice President Kamala Harris as the Democratic nominee. Minutes after Biden’s announcement, the cryptocurrency market for political meme coins experienced notable fluctuations. The Kamala Horris meme coin surged by 110.4%, trading at $0.02403
Earlier this week, the ApeCoin decentralized autonomous organization initiated a proposal to launch an APE-themed hotel in central Bangkok. More than 91% of the votes are for the proposal, signaling strong support for the hotel’s opening. Screenshot of AIP-448 proposal | Source: ApeCoin DAO Voting for the ApeCoin (APE) hotel, initially named AIP-448, started on
WazirX co-founder Nischal Shetty has announced a bounty program to help the exchange recover or freeze funds stolen in the exchange’s recent hack. As reported earlier this week by crypto.news, the exploit saw losses amounting to more than $234 million in several cryptocurrencies. WazirX Team is actively working on next steps. 1. We’re preparing a
Seven-time NBA All-Star Scottie Pippen ignited a debate on social media Saturday by asking his more than 658,000 followers to choose between Ethereum and Solana. ETHEREUM or Solana?— Scottie Pippen (@ScottiePippen) July 20, 2024 The question inspired more than 4,000 responses as of Sunday afternoon. Many commentators said Pippen should choose neither Ethereum (ETH) nor
Popcat, a meme coin based on the Solana blockchain, saw its price surge by over 305% in the last 30 days and 63% in the past week. Popcat (POPCAT) credits its ever-growing value to a combination of strategic partnerships, technical analysis, social media campaigns, DeFi integration, and enhanced security measures. Crypto influencers also endorsed the
Chicago Board Options Exchange (Cboe) confirmed that spot Ethereum ETFs will be listed for trading on Tuesday, July 23. The announcement was made via notices posted on the Cboe website minutes ago. The following spot Ethereum ETFs will begin trading on Tuesday: 21Shares Core Ethereum ETF (CETH), Fidelity Ethereum Fund (FETH), Franklin Ethereum ETF (EZET)
The Stock Exchange of Hong Kong (HKEX) will reportedly launch Asia’s first-ever Bitcoin inverse product later this month. Dubbed CSOP Bitcoin Futures Daily (-1x) Inverse Product (7376:HK), the fund is designed to provide inverse exposure to BTC’s price movement. Key Details of the Fund According to famous Chinese reporter Colin Wu, the upcoming Bitcoin inverse
Ethereum co-founder Vitalik Buterin has a detailed analysis of decentralization in Ethereum compared to Bitcoin and other networks. The issue of centralized mining and staking in blockchains has remained contentious as analysts view models shifting from the core. Buterin also addressed debates with the mainnet and layer 2 solutions.
Europe stands out as the global leader, accounting for 37.32% of the total transactional value, according to a comprehensive analysis by Coinwire. Asia’s trading volumes primarily result from factors like high mobile penetration, a robust tech infrastructure, and growing institutional interest. Binance, with a trading volume of $2.77 trillion, holds the title of the “most