Markets

A savvy crypto investor has reportedly turned a modest $3,000 investment in the popular frog-themed Pepe (PEPE) meme coin into a $73 million profit. According to Lookonchain, who first revealed the feat in a December 10 post on X, the unidentified trader first bought 4.1 trillion Pepe tokens on April 15, 2023. Strategic Sales Amid Market Highs Per on-chain data, the investor sold off just over 3 trillion Pepe, pocketing about $27.5 million in the process. However, with 1.88...

The cryptocurrency market is in retreat once again, with bitcoin dumping below $95,000 for the second time since Monday evening. While many altcoins are also deep in the red, the ever-volatile meme coin sector has produced some of the most violent corrections. Although there are many success stories of small-time investors turning thousands of dollars into hundreds of thousands or even millions, the meme coin niche remains highly-volatile and risky, especially in times of...

[PRESS RELEASE – Panama, Panama, December 9th, 2024] Shiro Neko Achieves Historic Milestone in the Memecoin Market Shiro Neko ($SHIRO) launched and reached a $1 billion market cap on its first day of trading. With this, the team aims to make $SHIRO a standout memecoin, redefining expectations for new launches in the space. Shiro Neko’s Metrics After its launch, Shiro Neko established a stable floor between $300 million and $400 million in market cap. This retracement can...

Bitcoin’s price decline, triggered by a selling spree in the crypto market, hasn’t dampened institutional interest. CryptoQuant’s latest insights show the Coinbase Premium climbing, reflecting robust US investor activity during this volatile phase. Coinbase Premium Jumps The Coinbase Premium, a metric that tracks the percentage difference between Bitcoin’s price on Coinbase Pro and Binance, has surged following a sharp decline in BTC’s value. Negative Coinbase Premium values,...

USDT emerged as a leading digital asset in Q4 2024, with 109 million on-chain wallets holding it, more than double the number for Bitcoin and nearing the 128 million wallets that own Ethereum. Beyond on-chain activity, 86 million accounts on centralized platforms have received USDT deposits. USDT’s Dominance According to the second edition of ‘Tether Insights,’ the stablecoin issuer revealed that exchanges recorded 4.5 billion web visits in the first three quarters of 2024,...

MicroStrategy invests $2.1 billion in 21,550 BTC, expanding its holdings to 423,650 BTC. The company continues supporting Bitcoin as a strategic asset. MicroStrategy has made another significant move in the cryptocurrency market. The company acquired 21,550 BTC for $2.1 billion at a price of $98,783 per Bitcoin. This recent purchase has further bolstered MicroStrategy’s growing Bitcoin holdings, which now total 423,650 BTC, acquired at an average price of $60,324 per Bitcoin. By December 8,...

Brooklyn District Attorney advises artists about fake NFT platforms and scams. Scammers steal digital assets by imitating reputable NFT websites. The office of the District Attorney in Brooklyn is ramping up efforts against fraudulent non-fungible token operations after the disturbing case of an 85-year-old artist who was duped out of his life savings. Seeking to join the booming NFT market, the artist went and fell prey to a scam NFT platform. The platform shamelessly imitated OpenSea, one...

Sind nutzenstiftende Blockchain-Apps die Zukunft? Die Binance App ist eine der führenden Plattformen für den Handel mit Kryptowährungen, bekannt für ihre benutzerfreundliche Oberfläche und umfangreichen Funktionen. Doch einige ihrer besten Features bleiben oft unentdeckt. Hier sind drei versteckte Funktionen, die selbst erfahrene Nutzer überraschen könnten: 1. Anpassbare Trading-Ansichten Viele Trader wissen nicht, dass die Binance App es...

Iran crypto market faces new regulations by the CBI. Expert Alhosseini suggests private sector involvement to balance compliance and growth. Iran is seeing increased scrutiny of its cryptocurrency market as the Central Bank of Iran (CBI) prepares to implement new regulations. Economic expert Mohammad Sadegh Alhosseini shared key insights on the current market. He continues to note that there are estimates that Iranians hold crypto assets of between $30 billion to $50 billion. This amount is...

Pudgy Penguins reach a new all-time high, increasing market confidence. The launch of the $PENGU token is expected to generate additional interest in the collection. Pudgy Penguins first-time break BAYC Ethereum price point is a historical milestone in the books of NFT history. Pudgy Penguins has just broken the value into 21.49 ETH, which amounts to $83,930. It has surpassed that value in BAYC, standing tall at 19.85 ETH for the same. This is because they are getting ready to release its...