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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Nayib Bukele eliminated import taxes for basic products for a decade in El Salvador, Argentina defined rules for regularizing cryptocurrency assets, and OFAC sanctioned the Venezuelan gang Tren de Aragua. President Bukele … Read more
Following the announcement that President Joe Biden will withdraw from the 2024 election, the prediction market Polymarket now indicates an 81% probability that Vice President Kamala Harris will be the Democratic nominee at the upcoming national convention. Polymarket Shows Kamala Harris as Democratic Favorite On Sunday afternoon, President Biden declared he would not seek re-election … Read more
$ROCKY has recently emerged from an accumulation phase, showing a promising increase in its holder count. Key influencers, who previously contributed to driving $ROCKY’s market cap to nearly $50 million, are expected to begin tweeting about the token soon. This renewed attention has set the stage for a potential strong pump, as indicated by the … Read more
EthereumFi ($ETHFI) has seen intriguing market activity over the last few hours. The price broke through a major resistance level on the higher time frame (HTF), but aggressive sellers have increased open interest by over $20 million, leading to a significant negative funding rate. This scenario sets the stage for a potential snowball effect once … Read more
Solana’s ecosystem is experiencing significant growth, with daily active wallets skyrocketing to 1.2 million. This surge includes the addition of 215,000 new wallets in just two days, reflecting the increasing interest and adoption of the platform. 🚨 BREAKING: @solana sees Daily Active Wallets surge to 1.2 million, following the addition of 215K new wallets in … Read more
An exciting event is on the horizon for $BNB holders: an airdrop, coupled with the listing of @BananaGunBot $BANANA on Binance. This much-anticipated listing is set for 9:00 UTC on July 20. 10 hours ago, a demo amount of 40.1K $BANANA ~$2.8M was deposited by @BananaGunBot project wallet (https://t.co/wjJzL0l247) onto #Binance 30 minutes ago, 800K … Read more
President Vladimir Putin declared it was time for Russia to create the environment needed to increase the adoption of digital assets and the Russian CBDC, the digital ruble, as part of the country’s economic tissue. He also reported that over 30,000 transactions have been made in the pilot test phase of the digital ruble, with … Read more
In the past three days, MakerDAO-related wallets have deposited 5,750 MKR tokens, valued at approximately $16.76 million, to Binance. This activity continues a trend of selling MKR that began on April 24, with most sales occurring at high prices. Since April 24, these wallets have deposited a total of 18,900 MKR, worth $53.83 million, to … Read more
In a significant move, $GAL has announced its rebranding to $G, causing a 50% surge in its value over the past 24 hours. This development has attracted the attention of smart traders, with one notable wallet, 0xf26ce, purchasing $264.82K worth of $GAL two days before the rebranding announcement. This wallet had been inactive for two … Read more
Shiba Inu (SHIB) has experienced a significant price drop following the recent exploit on WazirX, a prominent Indian cryptocurrency exchange. The hack resulted in the theft of 5.4 trillion SHIB, causing widespread concern among investors and triggering a 9% decline in the token’s value to $0.00001726. 5.4T $SHIB has been taken from the WazirX exchange. … Read more