The Trump family’s decentralized finance project, World Liberty Financial, has been buying more Ethereum recently. According to Lookonchain, the project address spent a total of $48 million in USDC to buy 14,403 ETH at $3,333 per coin over the past 12 hours. The DeFi platform now holds 33,629 ETH worth almost $110 million, which is […]
Meme coins are a particularly intriguing part of the cryptocurrency space as they can lead to remarkable price increases within days and sometimes hours. However, they can cause significant pain and disappointment when (most of them) inevitably crash. The dangers are amplified when it comes down to meme coins launched by the US president-elect and […]
Within just a day after its launch, Official Trump has become the talk of the town, with its price skyrocketing by triple digits. The asset has now received backing from two of the largest cryptocurrency exchanges amid its mindblowing rally and spectacular trading volumes. Binance, Coinbase Join the Pack It’s not every day that you […]
TL:DR; Within just over a day after its launch, the Trump-backed and endorsed meme coin has already created numerous success stories of investors getting in at the right time and (some) getting out. Nevertheless, meme coins remain highly volatile and risky assets, and investors should be wary before allocating funds to them. The president-elect […]
The non-fungible token (NFT) market appears to have lost out on significant gains in the past year despite a broader rally in the digital asset industry. In fact, the NFT market faced its weakest performance since 2020 in the year 2024. NFTs Face Major Setbacks in 2024 According to DappRadar’s latest edition of ‘Dapp Industry […]
A Russian national has been handed a prison sentence for utilizing cryptocurrency to aid the Ukrainian Armed Forces financially. This marks the first publicly known case in Russia of using digital currency to fund a military group. Crypto-Funding to Ukrainian Army A resident of the Mirninsky District in Yakutia has been sentenced to seven years […]
TL;DR Shiba Inu’s potential return to the top 10 hinges on expanding its ecosystem, like the continued progress of its L2 scaling solution, Shibarium. However, it faces growing competition from other meme coins. Dogecoin (DOGE), which seems poised for a good year due to Musk’s involvement in politics, remains its biggest rival. The Necessary Factors […]
Wyoming Senator Cynthia Lummis has issued a formal letter to Federal Deposit Insurance Corporation (FDIC) Chair Martin Gruenberg, expressing concerns following reports from whistleblowers within the agency. According to the Republican legislator, her office was contacted by individuals alleging that the corporation was destroying documents tied to its digital asset activities. The Alleged Activities In […]
Social trading platform eToro has confidentially filed for an initial public offering (IPO) with the United States Securities and Exchange Commission (SEC). When a company files in such a manner, it means that it has submitted its initial registration statement with the SEC but is yet to make it public. This initial filing will help […]
TL;DR XRP jumped 43% in a week, nearing its all-time high, with analysts eyeing $4–$8 targets amid rising adoption and US political shifts. One skeptic dismissed $100+ predictions as unrealistic due to market cap limits, calling XRP a “distraction” compared to Bitcoin (BTC). ‘XRP is a Distraction’ Ripple’s XRP has been flying high in the […]