By Francisco Rodrigues (All times ET unless indicated otherwise) While bitcoin (BTC) is little changed over the past 24 hours, down just 0.7%, the broader market is in a bearish mood following the Libra token debacle, which has led to accusations of fraud and calls for the impeachment of Argentina’s President Javier Milei. The CoinDesk … Read more
The apparent LIBRA token rug pull is the the latest incident to negatively affect the Solana memecoin ecosystem, Galaxy Research said in a report on Monday. The narrative had already began to sour following the TRUMP token’s introduction in January and the ensuing “liquidity suck” that it caused. LIBRA could lead to more damage to … Read more
U.S.-based art collective Kanbas made the largest non-fungible token (NFT) purchase in three years last week, scooping up a 1-of-1 artwork by Sam Spratt for $3 million. The artwork is called “X.Masquerade” and is the sixth chapter in the “Story of Luci.” It ties into into an upcoming invite-only event that allows supporters to participate … Read more
Kelsier CEO Hayden Davis, the brains behind the controversial LIBRA memecoin, said he also launched the MELANIA memecoin and that his team sniped both tokens as soon as the contract addresses went live. LIBRA was released on Friday, sparking a now-deleted tweet of support from Argentina’s President Javier Milei saying it would support small and … Read more
Bitcoin (BTC) is known to be a volatile asset, but as of late, this is not the case; bitcoin has been trading in a very tight range since the end of November, between $91,000 and $109,000. In other words, bitcoin’s volatility has compressed enormously. According to Glassnode data, the 2-week realized volatility, which provides of … Read more
Cult loyalists of XRP and other tokens are rejoicing as the Elon Musk-fronted Department of Government Efficiency (D.O.G.E) apparently set eyes on the U.S. Securities and Exchange Commission (SEC) on Monday. “DOGE is seeking help from the public,” a newly-created X account related to D.O.G.E said late Monday. “Please DM this account with insights on … Read more
If you believed that ether’s (ETH) early-month price crash to $2,000 on some exchanges would drive investors away, think again. Activity in the U.S.-listed spot ETFs indicates that traders have strongly pivoted to ether from bitcoin (BTC). This month, the nine ether spot exchange-traded funds (ETFs) listed in the U.S. have recorded a cumulative net … Read more
Donald Trump supporters are getting rewarded with a few dollars worth of his official TRUMP token if they had purchased any of the merchandise from websites associated with the U.S. president. Three TRUMP tokens, worth just over $50 at writing time, will be given to past buyers of Trump’s perfumes, sneakers, cards or watches per … Read more
Core Foundation, the creator of a yield-bearing bitcoin token, has partnered with institutional lending protocol Maple Finance and custody firms BitGo, Copper and Hex Trust to push deep into the BTC staking sector. Core’s IstBTC token lets institutional participants earn yield on bitcoin holdings while staying safely inside trusted custodial partners without the need to … Read more
Ethereum’s ether (ETH) showed strength through the weekend, spurring investor hopes of a break in its lackluster price performance, only to foreshadow a market-wide decline. In a muted trading session due to the U.S. holiday, ether ground as much as 7% higher to a Monday session high of $2,850, outperforming the rest of the crypto … Read more
