The meme coin economy is thriving on Wednesday, ahead of the U.S. Federal Reserve meeting, as the sector saw nearly $4 billion injected over the last 12 hours. Several meme tokens experienced substantial gains, with BENJI rising 36.9%, MAGA increasing 23.2%, and the runes-based DOG gaining 22.1%. Crypto Market Rises 3.24% as Meme Coins Drive […] Source: https://news.bitcoin.com/meme-coin-economy-gains-4-billion-capital-injection-ahead-of-fed-meeting/
Month: June 2024
Stablecoin act gives Congress alternative to overriding Biden’s SAB 121 veto
President Joe Biden’s veto of the SAB 121 repeal was a blow for the crypto community. Can the U.S. Congress override the veto with broad bipartisan support? Source: https://cointelegraph.com/news/us-stablecoin-bill-biden-veto
Bitcoin Whale Moves $535 Million After Over 5 Years Of Dormancy
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports An unknown entity transferred Bitcoin worth approximately $535 million to crypto exchange Binance on June 11 after five and a half years of inactivity. Blockchain data…
BTC price shoots up $1.5K in seconds as US CPI shows inflation slowing
Bitcoin comes charging back after a single U.S. macro data print reverses days of BTC price declines. Source: https://cointelegraph.com/news/btc-price-shoots-up-1-5-k-us-cpi-shows-inflation-slowing
Blast’s Rebasing Stablecoin USDB Now Ranks 9th Among Dollar-Pegged Crypto Tokens
A new stablecoin has emerged among the top ten U.S. dollar-pegged tokens. Known as USDB, this auto-rebasing stablecoin was developed by the Blast team. Despite the stablecoin economy being underwhelming over the past 30 days, USDB has quietly secured the ninth-largest market capitalization among all U.S. dollar stablecoins. USDB Climbs the Ranks The decentralized finance […] Source: https://news.bitcoin.com/blasts-rebasing-stablecoin-usdb-now-ranks-9th-among-dollar-pegged-crypto-tokens/
Aethir launches decentralized cloud network on Ethereum mainnet
Aethir’s launch on the Ethereum mainnet brings attention to the role DePINs can play in the future of Web3 and a more decentralized future. Source: https://cointelegraph.com/news/aethir-decentralized-cloud-network-ethereum-mainnet
New open-source ZK-proof slashes SQL query times
Proof of SQL drastically reduces SQL query times from 30 minutes to sub-second speeds, promising significant efficiency gains for real-time data processing applications. Source: https://cointelegraph.com/news/open-source-zk-proof-slashes-sql-query-times-sub-seconds
How blockchain is powering McLaren’s high-speed race data
The McLaren Artura GT4 will use blockchain technology for real-time data analysis during the race at Circuit de Spa-Francorchamps. Source: https://cointelegraph.com/news/mclaren-gt4-blockchain-data-spa-race
Citron no longer short on GME, cites ‘market’s irrationality’
The announcement comes shortly after GME stock rose above the $30 mark. Source: https://cointelegraph.com/news/citron-exits-gme-short-market-irrationality
US Bitcoin ETFs See $200 Million Outflow; Grayscale Leads With $121 Million
U.S. spot bitcoin exchange-traded funds (ETFs) witnessed $200.31 million in outflows on Tuesday following the $64 million in outflows the day prior. Grayscale’s Bitcoin Trust (GBTC) shed the most with a $121 million reduction. Spot Bitcoin ETFs Lose Ground Spot bitcoin ETFs have recorded two days of outflows so far as Tuesday’s trading sessions saw […] Source: https://news.bitcoin.com/us-bitcoin-etfs-see-200-million-outflow-grayscale-leads-with-121-million/