The newest player in the meme coin market, DADDY, has experienced a significant surge in price by 35% within the past 24 hours. This surge has propelled the coin to trade at around $0.15, with its market capitalization nearing the $100 million mark. The catalyst for this sudden rally appears to be an announcement made
Crypto
Asset managers are currently expressing optimism regarding the potential approval of the first U.S. ETFs directly investing in Ethereum by the Security and Exchange Commission (SEC), with expectations of approval possibly by mid-July. The SEC has given ETF applicants a deadline until July 8 to submit updated paperwork and amended S-1s, with potential additional rounds
The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission has been a topic of interest since it first began in 2020. The trial is still ongoing, with no clear end in sight, leaving many in the cryptocurrency community wondering about the potential outcomes and repercussions. The central issue at hand
The market intelligence platform Santiment recently outlined the top 10 Artificial Intelligence (AI) cryptocurrencies that have shown the most development activity over the last 30 days. NEAR Protocol (NEAR) leads the list with an index of 173.5, followed by The Graph (GRT) and Oasis Network (ROSE) with ratios of 143.5 and 101.1, respectively. Interestingly, some
The AVAX native token for the layer-1 blockchain Avalanche has experienced a significant decline in value, plunging more than 10% in a single weekend to reach its lowest level since December 2023. In the past 24 hours alone, the token has dropped from $27.87 to a six-month low of $24.92, as reported by CoinGecko. This
The month of May witnessed a significant milestone in the cryptocurrency industry, with a total of 156 investments amounting to approximately $1.02 billion. Ethereum emerged as the dominant player in this surge of investments, signaling growing investor confidence in the digital asset market. In a surprising turn of events, Nigerian authorities decided to drop tax
The trading volume of Tether (USDT) on the TRON network has reached an incredible $53 billion, outpacing Visa’s average daily trading volume for Q1, 2024. This milestone is significant considering Visa’s status as a global payment processing giant with operations spanning across more than 200 countries and regions. The surge in value and utilization of
Standard Chartered, a British multinational bank, is making waves in the financial world by announcing its plans to launch a trading desk for Bitcoin and Ether. This move positions the bank as one of the pioneers among global financial institutions to delve into spot cryptocurrency trading. The decision comes after engaging with various players in
In the past 24 hours, XRP experienced a slight decline from its recent high above $0.50, after making a comeback in the market. Despite this minor setback, XRP managed to erase its weekly losses, making it the only top cryptocurrency in the green for the week. At the same time, there has been a noticeable
Terraform Labs, the defunct crypto firm behind the Terra blockchain, has recently come to a settlement agreement with the Securities and Exchange Commission (SEC). The SEC has accused the company and its co-founder, Do Kwon, of engaging in fraudulent activities related to the defunct blockchain, resulting in massive losses for investors. As part of the
