Crypto market analysis and predictive insights
The introduction of options tied to BlackRock’s iShares Bitcoin Trust (IBIT) has marked a significant milestone in the cryptocurrency space, despite having position limits. According to Coinglass data, IBIT options surpassed $2 billion in notional exposure on its first day of trading, with the ETF itself trading over $4 billion in volume. Senior Bloomberg ETF…
Solana’s recent surge in popularity, particularly in the memecoin space, has left many wondering if it’s the only layer-1 blockchain capable of enabling and sustaining the memecoin supercycle. According to Brainchild, project lead at memecoin Ponke, Solana’s unique combination of low fees, high speed, and scalability make it the ideal platform for memecoin traders. As…
Switzerland’s Financial Market Supervisory Authority (FINMA) has issued a warning about the risks of money laundering associated with cryptocurrencies, including stablecoins. In its 2024 Risk Monitor report, the regulator highlighted the increasing use of cryptocurrencies for cyberattacks, payments for illegal dark web activities, and evading sanctions linked to geopolitical conflicts. FINMA noted that stablecoins, in…
Solana, often referred to as the "Ethereum killer," has reached a new all-time high in daily revenue, thanks to the recent surge in meme coins. According to data from Defi Llama, Solana collected $11.8 million in fees in a 24-hour period, surpassing Ethereum's $6.32 million. Additionally, Solana generated $5.9 million in revenue in the same…
Emojicoin, a recent clone of Pump.fun, has gone live on the Aptos blockchain, marking a significant development in the meme coin space. This new platform allows users to launch, trade, and swap emoji-tickered tokens, bringing an extra layer of accessibility and creativity to the memecoin space, as stated by Econia Labs, the firm behind the…
Japan Prime Minister Shigeru Ishiba has made a significant move in favor of the cryptocurrency industry by vowing to include tax cuts for crypto assets in his economic stimulus package. This decision comes after the opposition party, the Democratic Party for the People (DPP), proposed an annual tax reform that would include tax cuts for…
As the crypto bull run continues to gain momentum, three tokens have caught the attention of investors: Kaspa, Bonk, and Yeti Ouro. These tokens have shown remarkable growth, with Kaspa surging 16.71% and 21.42% in the past week and month, respectively. Bonk, on the other hand, has experienced an explosive 85% rally, while Yeti Ouro's…
Recently, there has been a heated debate in the cryptocurrency community about whether Solana (SOL) can overtake Ethereum (ETH) as the leading smart contract blockchain. In this article, we will analyze the current market trends and on-chain metrics to determine if Solana has what it takes to flip Ethereum. According to recent data, Solana (SOL)…
In a shocking turn of events, a USDT holder lost a staggering $129 million to a phishing address, only to recover the funds hours later. According to reports, the victim mistakenly transferred the funds to a phishing address on the TRON blockchain, which mimicked the appearance of the intended recipient. However, in a rare display…
BONK Hits New All-Time High Following Upbit Listing In a significant development, BONK, the first Solana-based meme coin, has surged 18% to hit a new all-time high of $0.000058. This price uptick has catapulted BONK’s market cap to over $4.1 billion, reclaiming its position as the largest meme coin on the Solana blockchain. But what’s…