Bitcoin’s price recently experienced a significant drop, falling from a high of over $73,600 to a low of under $60,800, resulting in a -17% loss in value. Alex Krüger, a well-respected figure in both macroeconomics and the crypto space, identified several key factors contributing to this crash. According to Krüger, excessive leverage in the market,
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In the world of cryptocurrency, meme coins have been gaining significant traction. The latest buzz surrounds Kermit (KERMIT), a new token themed after the popular Muppets show character. However, amidst the frenzy over Kermit, there is another contender on the horizon – Dogecoin20, a dog-themed coin that is poised to make a mark in the
The US SEC has recently pushed back the approval process for several highly anticipated Ethereum exchange-traded funds (ETFs), as per regulatory filings. Among the investment firms affected by these delays are VanEck, Ark Invest, Hashdex, and Grayscale. Notably, Grayscale has added a staking component to its ETH ETF application. Bloomberg ETF analyst James Seyffart, known
The UK Financial Conduct Authority (FCA) has recently revealed its intention to recover approximately $8 million in costs associated with the supervision of stablecoins and crypto. This initiative, detailed in a March 19 release, aims to impose fees on stablecoin issuers and digital asset custodians to cover these expenses. The FCA plans to recuperate £6.2
When it comes to meme coins, it’s hard to ignore the starkly different trajectories of FLOKI and SPONGE in the current market. FLOKI has taken a hit, plummeting by 18% in the last 24 hours to reach a price of $0.0001736, making it the sixth largest meme coin with a market capitalization of $1.6 billion.
The Government Pension Investment Fund (GPIF) of Japan, known as the world’s largest pension fund with assets amounting to $1.5 trillion, has made a significant announcement regarding its plans to explore diversification opportunities that involve Bitcoin. This initiative is part of a broader strategy that includes traditional investments such as gold, as well as unconventional
In recent days, Solana (SOL) has experienced a surge in activity, particularly in the meme coin sector. One standout token, Shark Token (SHARK), has made waves by skyrocketing an impressive +124,948%. The launch of SHARK on Solana DEX markets was met with great enthusiasm, with the token pumping +9,400% in the first hour alone. However,
A recent ruling by a Federal High Court in Nigeria has ordered Binance, one of the leading cryptocurrency exchanges, to provide detailed information about all its Nigerian users to the Economic and Financial Crimes Commission (EFCC). This move comes in the midst of escalating tensions between Binance and the Nigerian government. The country has been
XRP (XRP) seems to be lagging behind other cryptocurrencies in the 2024 rally, with investors now turning their attention to a new ICO called 5thscape. While XRP is currently trading at $0.65, it has remained relatively flat since the beginning of the year. In contrast, Bitcoin (BTC) and Ether (ETH) have seen impressive gains of
The introduction of Scotty the AI’s token, $SCOTTY, into the cryptocurrency market has generated a significant amount of excitement. The merging of the popular meme coin trend with artificial intelligence technology in the creation of Scotty the AI has captured the attention of investors. The successful presale of $SCOTTY tokens, which sold out rapidly, showcases
