A Solana developer accidentally burned $10 million worth of pre-sale tokens after raising that amount anonymously for a meme coin called Slerf (SLERF) via Twitter (aka X). It’s the latest twist in the ongoing meme coin phenomenon that has seen numerous tokens skyrocket in value—albeit with some mishaps along the way. Crypto degens were quick to send funds to a…
The U.S. Securities and Exchange Commission filed charges against two investment advisors over what the agency deemed misleading statements related to the firm’s use of artificial intelligence, the SEC said on Monday. The SEC charged the U.S. arm of Canadian company Delphia and U.S.-based Global Predictions with breaking regulatory marketing rules or “AI washing.” After the agency issued a cease-and-desist order,…
This week, SOL’s value has seen a significant increase, elevating its decentralized exchange (dex) platforms and propelling the layer one (L1) blockchain to a leading position in 24-hour dex trading volume. Solana’s dex platforms have amassed $2.802 billion in trade volume over the past day, outperforming Ethereum’s dex platforms, which have recorded $2.03 billion in […] Source: https://news.bitcoin.com/solanas-decentralized-exchange-platforms-eclipse-ethereum-in-daily-trading-volume-surpassing-2-8-billion/
British multinational bank Standard Chartered is even more bullish on Bitcoin—and now predicts that the biggest cryptocurrency will hit a price of $150,000 this year. In a research note Monday, analysts from the bank added that if exchange-traded fund (ETF) flows continue growing, then the digital coin could hit $250,000 in 2025. Standard Chartered analysts said this time last year…
An Ethereum NFT photo of the original Dogwifhat meme—which inspired one of the hottest Solana meme coins of the moment, WIF—was sold for a whopping $4.3 million worth of ETH early Monday, narrowly surpassing the previous record held for most expensive meme NFT ever sold. The on-chain image of a Shiba Inu puppy in a knit beanie sold for 1,210.759…
As bitcoin hovers around the $67,000 mark on March 18, 2024, there’s still widespread speculation about the potential for its price to climb even higher. The analyst Plan B continues to shed light on his well-known stock-to-flow (S2F) model, which suggests that “exponential growth” is expected to “continue.” Plan B: ‘S2F = Exponential Growth’ The […] Source: https://news.bitcoin.com/predicting-bitcoins-bull-run-values-plan-bs-s2f-model-and-ledn-cios-92000-target/
Bitcoin’s current bull market run is one of the most robust in history, with the asset’s latest price correction looking like peanuts compared to past cycles, according to analysis from on-chain intelligence firm, Glassnode. Since tapping its 3-year bottom at $15,500 after the collapse of FTX in November 2022, Bitcoin’s price never suffered more than a 20% drawdown during its…
The original meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) are enjoying a rebound, with both cryptos rising over 10% since yesterday. This bullish price action has caught the interest of retail investors and suggests that the meme coin hype cycle is far from over. Meanwhile, the buzz around Dogecoin20’s (DOGE20) ICO is building rapidly […] Source: https://news.bitcoin.com/dogecoin-and-shiba-inu-pumping-again-as-dogecoin20-ico-nears-2m/
Over the past week, bitcoin and ethereum faced declines, while a number of alternative cryptocurrencies enjoyed significant appreciation. Notably, JUP soared by 99.5% against the dollar, with WIF climbing 42% and SOL increasing 37% in the same period. Alternative Crypto Assets Outshine Bitcoin and Ethereum with Double-Digit Growth This Week A plethora of cryptocurrencies, other […] Source: https://news.bitcoin.com/jupiter-soars-by-nearly-100-leading-this-weeks-crypto-gainers/
It has been a quiet day in the crypto space, but Avalanche (AVAX) and Solana meme coin darling Dogwifhat (WIF) are defying the trend. The global cryptocurrency market cap today sits at a whopping $2.69 Trillion, marking a modest 1.9% change in the last 24 hours, according to data from Coingecko. In the top 10, all coins except for Solana…
