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Shiba Inu, the Dogecoin killer, reverberated investor optimism across the broader crypto market on Friday, showcasing a colossal surge in the SHIB burn rate. Notably, the meme coin’s burn mechanism recorded a whopping 33,000% uptick today, sparking optimism as SHIB price surged over 20% in the past 24 hours. Meanwhile, the meme coin sector mirrored…
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On September 20, AVAX price broke through a crucial resistance level that had been holding it down for over two months. This breakout comes at a time of significant development on the Avalanche network, driven by the Avalanche Foundation’s recent announcement of a $40 million Retro9000 Grant Program. This initiative, coupled with a major mainnet…
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Bitcoin ETF Inflows Surge as BTC Breaks $65,000 The cryptocurrency market is buzzing with excitement as Bitcoin (BTC) surpasses $65,000 for the first time in nearly two months, coinciding with a significant uptick in spot Bitcoin ETF inflows. This surge comes amidst global rate cuts, setting the stage for Bitcoin’s strongest September performance on record…
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The world’s second-largest meme coin Shiba Inu (SHIB) has once again triggered a storm in the crypto space with 23% gains in the last 24 hours and moving closer to $0.0000191. Interestingly, the SHIB Price surge comes along with a 240% surge in the daily trading volumes, above $1.36 billion, reminiscent of the 2021 mega…
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Investors are always looking for new tokens with significant profit potential. A successful crypto trader has opined that RCO Finance (RCOF), a new DeFi token, may reach the enviable $1 for growing projects before XRP and Cardano (ADA). RCOF is gaining on established tokens due to its massive public presale profit goals. Can the new…
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Coinbase exchange has announced support for Telegram’s tap-to-earn game Hamster Kombat. The platform will list HMSTR perpetual futures as the token garners support from multiple exchanges. Crypto users speculate about the impact on the asset’s price following the sharp fall after its launch. Coinbase’s Listing Announcement Sparks Optimism Crypto exchange Coinbase revealed a perpetual futures…
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Eleanor Terrett, a Fox Business journalist, reports that a former SEC lawyer believes the agency will “probably” appeal Judge Analisa Torres’s July 2023 ruling in the Ripple vs SEC case. The lawyer noted that many at the SEC view the outcome regarding Ripple’s programmatic XRP sales as incorrect and in need of appeal. The SEC…
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The US Securities and Exchange Commission (SEC) has given the green light to Bank of New York Mellon Corp (BNY Mellon) to offer services in relation to digital assets, which may go beyond Bitcoin and Ether ETFs. SEC Chair Gary Gensler said that the approach that BNY Mellon is implementing is not restricted to particular…
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The U.S. House Foreign Affairs Committee has passed a resolution demanding the immediate release of Tigran Gambaryan, the head of financial crime compliance at Binance. Gambaryan, a former U.S. Internal Revenue Service agent, was detained by Nigerian authorities in February, along with another Binance executive, amid allegations of illegal financial activities by the exchange. The…
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LUNC News: Terra Luna Classic Community Proposes USTC Burn The Terra Luna Classic community has recently put forward a proposal to burn USTC tokens, gaining significant traction among market participants. This initiative follows TerraForm Labs’ recent decision to wind down operations and burn remaining assets, which has drawn considerable attention from community members. The proposal…