In recent times, the cryptocurrency market has witnessed an astonishing surge in meme coins, which has become a fascination for many traders. A standout example is Simon’s Cat (CAT), which saw its price soar by 65% in a single day, bringing its market capitalization close to $250 million. Such dramatic price movements can be attributed
Crypto
On October 21, a significant influx of investments was observed in BlackRock’s iShares Bitcoin Trust (IBIT), with investors acquiring an impressive 4,869 BTC, amounting to around $329 million. This influx comes at a time when the cryptocurrency market is experiencing a downturn, particularly with many competing spot Bitcoin exchange-traded funds (ETFs) in the United States
In the ever-evolving crypto ecosystem, Pump.fun has emerged as a notable player, particularly within the niche of meme coins on the Solana blockchain. Recent activities, particularly its large SOL sales, have raised eyebrows among market analysts and investors alike. A striking incident on October 2nd saw the platform’s Fee Account liquidate 40,000 SOL, valued at
The realm of cryptocurrencies is often riddled with controversy, and the recent allegations against WazirX, an Indian cryptocurrency exchange, are no exception. The platform, co-founded by Nischal Shetty, has found itself in hot water following claims of transferring a staggering $75 million worth of crypto assets to major exchanges without notifying its users. This situation
In a striking turn of events, the momentum surrounding spot Bitcoin Exchange-Traded Funds (ETFs) has skyrocketed in the past week, marking a pivotal moment in the cryptocurrency market. With over $2 billion in net inflows, this five-day span represents the most robust trading activity since March, signaling renewed optimism from investors. The rapid influx of
In recent months, Dogecoin (DOGE), the cryptocurrency that started as a meme, has witnessed significant upward momentum, primarily attributed to the ongoing influence of Tesla’s CEO, Elon Musk. This resurgence raises questions about whether DOGE can ascend to the remarkable $1 threshold, especially in light of Musk’s potential involvement in a future Trump administration. Such
Bitget has recently announced that its native wallet has surpassed a remarkable milestone of 40 million users, indicating a growth rate of over 100% since March 2024. This significant development positions Bitget as a formidable competitor in the crypto wallet arena, especially as it edges closer to Binance in terms of download numbers. With 6
In a striking alliance, Binance has partnered with the Delhi Police to dismantle an advanced fraud operation linked to a fraudulent company named “M/s Goldcoat Solar.” This initiative has culminated in a significant breakthrough, highlighted by multiple arrests and the seizure of over 100,000 USDT in cryptocurrency assets. The operation underscores the increasing collaboration between
In a troubling incident that exemplifies the risks threatening the digital financial system, the FBI has arrested Eric Council, a 25-year-old man, for orchestrating a sophisticated hack that misled investors about the regulatory landscape of Bitcoin Exchange-Traded Funds (ETFs). The ramifications of his actions extend beyond mere fraud; they underscore the vulnerability of institutional digital
Bitcoin, the quintessential cryptocurrency, has witnessed a period of stabilization over the recent weekend, maintaining its position above the pivotal $68,000 mark. This comes in the wake of a tumultuous week where prices oscillated significantly, particularly when the asset dipped to a concerning $59,000 midweek. Subsequently, it staged a recovery, not just climbing back to