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
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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
The Chicago Board Options Exchange (CBOE) has confirmed the launch of spot Ethereum exchange-traded funds (ETFs) next week. The cryptocurrency market is set to witness a major milestone as spot Ethereum ETFs are slated to begin trading on the CBOE next week. CBOE revealed the information in the latest “new listings” notice on its website
Between July 15 and July 19, 2024, the total net inflow for spot Bitcoin ETFs reached $17.08 billion. FBTC registers largest inflow On July 19 spot Bitcoin (BTC) ETFs recorded inflows of $383.6 million, the second highest of the month, following a record $422.9 that came on July 16. The Fidelity Wise Origin Bitcoin Fund
In a quiet week for crypto venture capital (VC), Allium, Haruko, PEXX, and Bima Labs were among the blockchain and web3 startups to have secured significant funding. Allium, $16.5 million The biggest funding round of the week was announced on July 18, when Allium, a blockchain data platform for enterprises, said it had successfully closed
Bitcoin has jumped above $66,000, reaching its highest level since mid-June when prices hovered above $67,000. The price of Bitcoin (BTC) is currently 4.7% up in the past 24 hours as buyers hover around $66,670. Meanwhile, Ethereum (ETH) has climbed above $3,500 and Solana (SOL) is trading above $170 – with gains of 3% and
While traditional systems raced to resolve the CrowdStrike outage, Bitcoin and the cryptocurrency market climbed upward. Decentralized technology once again made a case for itself on Friday as a global IT outage disrupted banks, media, travel, and a litany of everyday operations. Web3 markets boomed as Web2 activity slowed to a crawl in some parts