Author: NBTC
Shiba Inu’s official Magazine The Shib questions whether Kendu Inu (KENDU) has the potential to become the first memecoin to hit a market cap of $100 billion. Shiba Inu raised the question in an X post yesterday, attaching a link to a blog post that offered answers. Can @KenduInu the first $100B memecoin? Find Answer 👇https://t.co/bhizPAC3xs — The Shib (@TheShibmagazine) August 12, 2024 According to the blog post, Shiba Inu noted that Kendu Inu, which initially launched as a memecoin, aims to clinch the $100 billion valuation. A Bold Step It stated that Kendu planned to achieve this aim by…
Crypto.com, a Singapore-based prominent crypto trading platform, unveils a new feature named Contracts for Differences (CFDs) to expand trading options. This latest feature in the Crypto.com trading platform is Contracts for Differences (CFDs), which dramatically expands the platform’s utility in terms of advanced trading options. This addition lets users guess cryptocurrency values without having actual control over them. Crypto.com always strives to offer the best services to its users and this newly introduced trading will revolutionize the trading options for the crypto community. By introducing the CFD trading feature, Crypto.com will offer leverage up to 20x on over 40 cryptocurrencies.…
BBitcoin climbed to a seven-week high of $69,775 on July 29, coming within 6% of its all-time record as the cryptocurrency’s post-halving rally takes shape 100 days after its latest supply reduction. The world’s largest crypto by market capitalization has surged over 60% since April 20, when Bitcoin’s per-block mining reward was cut in half to 3.125 BTC. This marks the fourth such “halving” event in Bitcoin’s history, designed to control its supply and increase scarcity over time. New research from ETC Group indicates the halving’s bullish impact on price typically materializes around 100 days after implementation. Head of Research…
Over $79 million was withdrawn from nine US spot Ethereum ETFs on Monday, the largest single-day outflow since July 29, according to data tracked by Farside Investors. The Grayscale Ethereum Trust, or ETHE, led redemptions, with investors pulling over $80 million from the fund. Since its ETF conversion, the ETHE fund has seen net outflows of over $2.8 billion. Despite continued bleeding, it is still the largest Ether fund in the world with around $4,6 billion in assets under management. Monday’s outflows ended a brief two-day gain for these ETFs. In contrast to ETHE, the Bitwise Ethereum ETF (ETHW) was…
BANGKOK, Sept 25 (Reuters) – Thailand’s government on Wednesday launched the first phase of its flagship $14 billion stimulus handout scheme, which will eventually see an estimated 45 million people receive 10,000 baht each, saying it would spark economic activity. The initial phase will see 10,000 baht distributed in cash to 14.5 million welfare card holders and disabled people, and is expected to be complete by the end of the month. “Cash will be put into the hands of Thais and create a tornado of spending,” Prime Minister Paetongtarn Shinawatra said at an event to mark the programme’s start. The…
Following the unmatched success of the Solana (SOL) ecosystem catalyzed by its meme coin sector, Justin Sun’s Tron (TRX) has increased its focus on the same industry. According to an X post from Sun earlier today, the Tron network will welcome a new meme coin season through the SunPump. The SunPump is a meme fair launch platform on the Tron network, which leverages the SUN.io DEX. Currently, in the beta phase, the SunPump platform will offer users up to 99 percent off on gas fees. The sun 🌞 shines in the season of memes. https://t.co/lTsvWeBo76 — H.E. Justin Sun 孙宇晨…
Vice President Kamala Harris’ bid for the White House is unlikely to include a deep dive into her crypto views, according to those with knowledge of her campaign’s interactions with crypto insiders. The small number of digital assets advocates who are in talks with her campaign say they’re seeing progress in the campaign’s policy views. The presidential campaign for Vice President Kamala Harris made crypto waves with a brief comment about the sector over the weekend, but the industry shouldn’t expect much more in the final weeks before the U.S. elections, insiders suggest. Harris was deliberately broad when she said…
The latest figures show the growth of decentralized exchanges (DEXs) in the crypto market and their trading volumes. Phoenix Group, a prominent crypto media platform, recently released a report showing that the total trading volume of these platforms reached $3.167 billion weekly, a 28.14% per week. TOP #DECENTRALIZED EXCHANGES BY WEEKLY TRADING VOLUME #Uniswap #Pancakeswap #Aerodrome #Raydium #Orca #DODO #Curve #Camelot #ThorChain pic.twitter.com/we1d1iyK1K — PHOENIX – Crypto News & Analytics (@pnxgrp) September 26, 2024 Uniswap Outperforming Other Decentralized Exchanges (DEXs) The accumulation experienced in the Uniswap was overwhelming, as over $9.07 billion worth of total volume was realized in the…
Ethereum is outperforming cryptocurrencies in the top 20 since the Fed reduced rates. The top altcoin’s 16% rise comes after months of underperforming Bitcoin and Solana. Ethereum overcame the $2,595 resistance as traders set sights on the $2,817 key level. Ethereum (ETH) is up nearly 4% on Monday following its impressive rally in the past five days since the Federal Reserve (Fed) cut rates by 50 basis points. ETH is currently attempting to reclaim a key support level at $2,817. Daily Digest Market Movers: Ethereum’s 16% rise and open interest growth Ethereum has put up a strong performance against Bitcoin…
iShares Bitcoin Trust (IBIT) and Ethereum Trust (ETHA) collectively drew in around $158 million in net inflows on Tuesday amid a crypto market recovery that saw Bitcoin surge past $64,000. According to data tracked by Farside Investors, the IBIT fund logged approximately $99 million in new capital, bringing its total net buying since launch to $21 billion. IBIT made a strong performance after a period of stagnation with minimal inflow days reported, several days of no flows, and some bleeding days. Tuesday’s gain marked IBIT’s largest single-day inflow since August 23. Competing funds managed by Fidelity and Bitwise also posted…