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Over the past week, memecoins have outshined Bitcoin, recording over 25% growth as a category. Memecoins have outperformed $BTC in the past 7 days, gaining over 25% growth as a category. Let’s dig into the top 5 memes by market cap. 👇 pic.twitter.com/bxstXHZ483 — Cointelegraph (@Cointelegraph) May 27, 2024 Here’s a look at the top … Read more
SUI has kicked off its first-ever global Hackathon, a move that’s poised to positively impact both its price and the projects within its ecosystem. Historically, blockchain incentives like these tend to boost market sentiment and project development, and SUI appears to be following this trend. #SUI has launched their first Hackathon, globally! Every time a … Read more
On Tuesday, the publicly traded medical technology firm Semler Scientific announced its decision to allocate bitcoin to its treasury. The company disclosed that it had acquired 581 bitcoins for a total of $40 million. Semler Scientific Embraces Bitcoin Joining the trend initiated by Microstrategy in 2020, another company has reportedly begun holding bitcoin on its … Read more
Based on onchain metrics, the Mt Gox funds, once consolidated into a single address holding over $9.6 billion in bitcoin, have now been distributed to three separate addresses as of Tuesday morning. Mt Gox Funds Redistribution An examination of the onchain transfers from the Mt Gox bitcoin cache reveals that the funds have been allocated … Read more
Amidst a rising cryptocurrency market, the FLOKI Coin team has taken a significant step forward by announcing a strategic token burn plan. Over the past week, the team has already burned more than 15 billion Floki tokens. 15.246 Billion Floki Tokens Successfully Burned This move, aimed at controlling the supply in circulation, has significantly impacted … Read more
$PEPE, the popular Ethereum-based memecoin, has surged another 6% in the past 24 hours, reaching a new all-time high (ATH) of $0.00001717. According to data from intotheblock, a remarkable 96.36% of $PEPE holders are now in profit, highlighting the token’s strong market performance. BREAKING NEWS‼️ According to @intotheblock, 96.36% of $PEPE holders are in profits. … Read more
Michael Saylor, Executive Chairman of Microstrategy, stated that the approval of several spot ether ETF proposals by the U.S. SEC might be good for Bitcoin. In “What Bitcoin Did,” Peter McCormack’s podcast, Saylor stated this approval gives rise to a crypto asset class, including several use cases like tokens, NFTs, and defi, with Bitcoin at … Read more
Dabba, a decentralized physical infrastructure network (Depin), has announced it will deploy 10,000 new wifi hotspots globally, aiming to enhance internet accessibility in underserved Indian regions. This expansion coincides with the upcoming token generation event on the Solana blockchain scheduled for July. Dabba’s Depin Initiative Targets India with 10,000 Wifi Hotspots The initiative, dubbed season … Read more
The crypto economy has had a decent week filled with gains as bitcoin rose 2.8% and ethereum jumped by 27% this past week. The week’s biggest leader, however, was pepe (PEPE) which rose 78.5% over the seven-day run. Broad Crypto Market Gains Nearly two dozen crypto assets witnessed double-digit gains this past week with PEPE … Read more
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Venezuela seizes over 11,000 bitcoin miners to save energy, Paraguay cracks down on illegal bitcoin mining, and Brazil aims to finalize crypto regulations this year. Venezuelan Authorities Announce Bitcoin Mining Ban, Confiscate Over … Read more