Author: NBTC
Whale-driven selloffs have begun putting massive pressure on Solana (SOL), as funds shift to memecoins. Solana’s price has been under pressure in the last 24 hours, partly fueled by whale-driven selloffs. This decline coincided with a shift of significant funds into memecoins. Market data indicates that whales have started liquidating SOL positions while actively buying into newer meme-based tokens. Large-Scale SOL Liquidations For instance, a major whale transaction unfolded recently, beginning with the creation of a new wallet that withdrew 32,695 SOL—equivalent to $5.46 million—from Binance. Instead of holding SOL, this whale opted to channel most of these funds into…
An analysis of over 3,200 GameFi projects shows 93% have failed, with token prices plummeting by an average of 95%. GameFi, a sector that combines gaming with decentralized finance, has faced a sharp decline after its initial surge during the 2022 crypto bull run, with a new report showing that 93% of projects have failed. A survey by ChainPlay, in collaboration with Storible, analyzed over 3,200 GameFi projects and found that many of their tokens have dropped an average of 95% from their all-time highs. The report also shows that GameFi projects have an alarmingly short lifespan, with an average…
Memecoin issuance platform GraFun is expanding today to the TON Network, the third blockchain after Ethereum and BNB Chain, in a bid to capture newer audiences. Expanding to TON could help GraFun capture newer audiences, tap into higher liquidity for meme issuances and increase the platform’s visibility among crypto traders. “Creating and trading memecoins directly inside Telegram, one of the most popular messaging apps in the world, is almost here,” a GraFun developer told CoinDesk over Telegram message. “After launching 14k memecoins and generating more than $450M in trading volume on BNB Chain, GraFun is now making memecoin creation simple…
Murad predicts POPCAT could surpass a $5 price due to its strong fundamentals and organic growth. Murad Mahmudov, now a meme coin expert, highlighted the “meme coin supercycle” at Token2049 in Singapore. In 2024, meme coin investments surged in popularity, largely driven by influencers like Murad Mahmudov, who made waves with his bold predictions for tokens like POPCAT. Murad, a well-known figure in the crypto space, transitioned from being a staunch Bitcoin maximalist to one of the leading voices in meme coin investments. His influence grew significantly after he introduced the concept of the “meme coin supercycle” during his keynote…
EDX Markets, the institution-only crypto exchange that started operations in June 2023 with support from Wall Street giants like Fidelity, Charles Schwab and Citadel Securities, has appointed its current chief technology officer, Tony Acuña-Rohter, as CEO. Wall Street veteran Jamil Nazarali, the founder and current CEO of the exchange, will move to the position of executive chairman of the board, according to a press release. Acuña-Rohter previously served as the chief technology officer of the firm since joining in 2022. Before EDX, he was the CTO of ErisX, a crypto firm acquired by Cboe in late 2021 that led to…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In today’s urban landscape, cities are increasingly under pressure to become smarter, more efficient, and more sustainable. As municipalities and private developers look for innovative ways to optimize urban management, blockchain technology is stepping up as a pivotal tool. While traditionally associated with cryptocurrencies, blockchain’s potential goes far beyond finance, offering transformative possibilities in how cities are managed and operated. You might also like: Streamlining sustainability with decentralized data | Opinion According to Bank of America’s Merrill…
The cryptocurrency market is seeing increased short liquidations as major assets, including Bitcoin, gain bullish momentum. According to data provided by Coinglass, the total liquidations over the past 24 hours surpassed $192 million. Of this tally, more than $145 million in short trading positions have been wiped out and the remaining $46 million belongs to long trades. Crypto liquidations – Oct. 15 | Source: Coinglass Bitcoin (BTC) recorded $63 million in liquidations—$55 million shorts and $7.7 million longs—as it surpassed the $66,000 mark on Oct. 14. BTC is still up 2.3% in the past 24 hours and is trading at…
AI meme coins are essentially meme tokens created or promoted by AI tools. This emerging sector drew significant attention from traders in October. However, most market capitalization and trading volume is concentrated in two main tokens: GOAT and TURBO. AI Meme Coin Market Cap Reaches Nearly $1.9 Billion in October According to CoinGecko data, the market capitalization of AI meme coins surged to nearly $1.9 billion, increasing by 9.5% on October 23. Additionally, daily trading volume exceeded $590 million. Read more: How To Invest in Artificial Intelligence (AI) Cryptocurrencies? Top AI Meme Coins. Source: CoinGecko. Two tokens, Turbo (TURBO) and…
South Korea’s crypto exchange Bithumb has announced the listing of Orderly Network (ORDER) on its KRW market. The trading for ORDER will start at 3:00 PM on Tuesday, December 3, 2024 at a base price of 239 Won. 🚀 오덜리 네트워크(#ORDER) 원화 마켓 추가 안내New Listing : $ORDER will be added to the KRW market today. For more details 👉 https://t.co/8QWwZoIv1R#bithumb #Listing #KRWmarket #OrderlyNetwork @OrderlyNetwork pic.twitter.com/g6K83icCPB — Bithumb (@BithumbOfficial) December 3, 2024 According to the official announcement, deposits and withdrawals will be available within two hours of this notice’s release. The supported network for trading is Ethereum, and deposits via…
Sonic SVM has announced that HyperFuse Guardian Node Dashboard officially launched its Alpha Testing phase. It is a significant step forward in blockchain infrastructure and user rewards. This testing period is designed to optimize the stability and efficiency of Hypergrid transaction validation. It aims to refine the platform for users and ensure a seamless experience before the $veToken deployment on Solana Mainnet. https://t.co/avj6H7qiEZ — Sonic SVM (@SonicSVM) December 4, 2024 The Alpha Test kicks off today and invites users to participate in improving the system’s stability and functionality. By running or delegating nodes, testers will earn rewards while contributing to…