BitMEX, a renowned derivatives exchange based in Seychelles, has recently introduced the MEMEMEXTUSDT Basket Index Perpetual Swap Contract. This innovative offering aims to provide traders with an avenue to access and speculate on the performance of leading meme coins in the market through a single contract. Termed as the “S&P500 for crypto meme coins,” this
Crypto
The recent court ruling on Binance’s BNB token has sparked a new wave of arguments in the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC). Ripple is using this ruling to argue against the harsh penalties imposed by the SEC for its sales of XRP. The company is citing the
The Bitcoin network is currently displaying signs of miner capitulation, a phase where miners either halt their operations or sell off a portion of their Bitcoin reserves. This phase is crucial as it is historically associated with the bottoming out of Bitcoin prices, paving the way for a potential uptrend in the asset’s value. Since
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
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
Bitcoin’s price has recently experienced a 15% decrease since hitting an all-time high in mid-March. This dip has caused uncertainty among investors and traders, wondering if the bullish trend is coming to an end. One important metric to consider is the Fear and Greed Index, which reflects investor sentiment in the market. With the index
In the midst of the year 2024, Bitcoin and Ethereum have emerged as the standout assets, outperforming traditional investments like the Nasdaq, S&P 500, oil, gold, the U.S. dollar, and government bonds. According to a recent update from Matrixport, these two cryptocurrencies have once again taken the lead among various asset classes. The approval of
Artificial intelligence (AI) has become an integral part of our lives, with various applications ranging from chatbots to content filtering. However, the concept of AI censorship is raising concerns among experts, including Charles Hoskinson, the co-founder of Cardano. Charles Hoskinson highlighted the issue of AI censorship, emphasizing that the alignment training associated with it is
Recently, Keith Gill, also known as “Roaring Kitty,” made headlines for his involvement in the GameStop stock market frenzy that occurred in early 2021. However, Gill is now facing securities fraud claims as a class-action lawsuit has been filed against him in the Eastern District of New York. The lawsuit alleges that Gill engaged in
The month of June was a tumultuous one for the price of Bitcoin, seeing a lot of volatility. The price action was ultimately resolved to the downside, with bears managing to push it down by 7.12%. Despite reaching highs of $72,000 and lows of just over $58,000, sellers were able to dominate, resulting in a
