Everything web3, crypto, defi, degen
In brief Ethereum, Dogecoin, and XRP prices are pumping, with technical indicators mostly flashing bullish for each coin. The surge in altcoins has led to the crypto market surging above a record-breaking $4 trillion. Where do altcoins go from here? Here’s what the charts say. For crypto traders, it’s been a good week to be…
In brief Bitcoin mining infrastructure firm Bit Origin acquired around $10 million in Dogecoin (DOGE). The firm announced a raise of up to $500 million last week to fund its meme coin treasury. Bit Origin shares are up 386% from their July starting point. Publicly traded Bitcoin mining infrastructure firm Bit Origin purchased around $10…
In brief PENGU has jumped 26.7% over the past 24 hours, as its associated NFT collection, Pudgy Penguins, has seen its floor price also climb double digits. It comes following an unknown user sweeping 45 CryptoPunks, which has sparked interest in NFTs. As a result, major collections like Bored Ape Yacht Club, Moonbirds, and Azuki…
In brief Bitcoin’s dominance is creeping down, but it’s too early to tell if it’ll become a trend, 21Shares’ Adrian Fritz said. At $2.3 trillion, Bitcoin’s dominance stood at around 61% on Friday. CoinMarketCap’s Altcoin Season Index stood at 43, leaning toward Bitcoin. Bitcoin’s grip on the $4 trillion cryptocurrency market may be loosening, but…
In brief Solana will outperform Ethereum this year, despite recent shifts in momentum, according to 21Shares’ Adrian Fritz. Ethereum’s ecosystem may be more mature, but Solana showed promise with a burst of activity related to meme coins in January, he said. Ethereum will crack its 2021 record price, but Solana will still outperform, he said.…
In brief Barstool Sports founder Dave Portnoy said he sold his XRP bag two weeks before its record-setting price surge. XRP broke its 2018 record price mark on Thursday, setting a new all-time high of $3.65. Portnoy claims he would have made “millions” if he hadn’t sold at a price of $2.40. Barstool Sports founder…
In brief Pat McFadden, Labour MP and ally of Keir Starmer, said that the UK should consider banning crypto political donations. It came two months after Reform UK announced it would accept crypto donations, the first to do so in the nation. Ian Taylor, board advisor for digital asset advocacy group Crypto UK, said McFadden’s…
In brief Pump.fun is a protocol that enables users to easily create meme coins on the Solana network. The platform has served as the launchpad for meme coins including Fartcoin, Peanut the Squirrel, Moo Deng and Chill Guy, as well as celebrity-endorsed meme coins. Pump.fun’s livestreaming feature has seen meme coin creators performing stunts on…
Bitcoin dominance has dropped to 61.6%, its lowest level in three months, just as Ethereum surged to a six-month high and the global crypto market cap topped $4 trillion. This marks the most decisive capital rotation into altcoins since April, suggesting the early stages of a new alt-season.What’s HappeningBTC Dominance Breaks DownBitcoin’s share of the…
Pump.fun’s recent token sale has reignited debate around the sustainability of Solana’s meme launchpad model, according to a July 16 report by Alea Research titled “PumpFun: Asymmetric Upside or The Final Extraction.”The report explores whether the PUMP token offers asymmetric upside tied to Pump.fun’s revenue engine or reflects an extractive pivot during a waning memecoin…
