Price analysis 6/12: BTC, ETH, BNB, SOL, XRP, DOGE, TON, SHIB, ADA, AVAX
Favorable CPI data have helped Bitcoin reclaim the crucial $69,000 level, signaling that a move to $72,000 is possible. Go to Source
Month: June 2024
‘Bitcoin Layer 2’ sidechains aren’t really L2s: There is a better way
Money has pumped into 73 Bitcoin ‘Layer-2’ scaling solutions this year. But many are just insecure sidechains. There is a better way. Go to Source
Report: Major Entities Hold Over 4 Million Bitcoin, Accounting for 27% of Supply
The latest Glassnode onchain report reveals that major labeled entities collectively hold approximately 4.23 million bitcoin, representing over 27% of the adjusted circulating supply. This significant concentration of BTC holdings underscores the prominent role these entities play within the bitcoin ecosystem. Institutional Holdings: ETFs, Miners, Government, and Exchanges Control 4.23 Million Bitcoin According to Glassnode’s … Read more
New Viral Meme Coin Base Dawgz Raises $1M as Crypto Expert Forecasts 10x Potential
Base Dawgz (DAWGZ), a brand-new multi-chain meme coin, has raised over $1 million in its presale. And now, one prominent analyst is predicting that DAWGZ could 10x from its current price after listing on DEXs. Base Dawgz – The Multi-Chain Meme Coin with Staking Rewards So, what’s fueling Base Dawgz’s early momentum? It’s mainly down … Read more
Ripple Completes Acquisition of Standard Custody & Trust Company
Ripple has completed its acquisition of Standard Custody & Trust Company, a regulated digital asset custodian. This acquisition, announced by Ripple earlier this year, involves a trust company regulated by the New York Department of Financial Services. It broadens Ripple’s portfolio of licenses, which now includes nearly 40 U.S. money transmitter licenses, a Major Payment … Read more
Meme Coin Economy Gains $4 Billion Capital Injection Ahead of Fed Meeting
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 … Read more
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? Go to Source
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. Go to Source
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 … Read more
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. Go to Source