Markets

TL;DR Binance will suspend deposits and withdrawals for approximately one hour in mid-July, with trading services unaffected. The company’s delisting of several altcoins recently caused significant price drops. A similar pattern was witnessed when Binance terminated services with the popular privacy coin Monero (XMR). Brief Disruption on All Services The world’s largest cryptocurrency exchange, Binance, announced that deposits and withdrawals for all networks will be...

Pepe Unchained is the talk of the meme coin market right now. This new project has raised over $3 million in presale funding thanks to its ambitious layer-2 plans. And with Pepe Unchained (PEPU)’s momentum showing no signs of slowing, investors are eyeing its potential to surge after it debuts later this year. Meme Coins Get an Infrastructure Upgrade with Pepe Unchained’s Layer-2 Pepe Unchained isn’t just another meme coin. It’s aiming to shake up the entire crypto...

Rapper and songwriter Doja Cat’s X account was hacked on July 8, with the hackers using the opportunity to promote a scam token named after her likeness—Doja Cat (DOJA)—to her 5.6 million followers. In a now deleted post, the scammers wrote, “buy $DOJA or else,” followed by a Solana address, which the hackers used to collect funds from victims. Within an hour since the post went live, DOJA’s market cap rose to $1.65 million as unsuspecting fans and those trying to profit from celebrity coins...

Hut 8, a well-known Bitcoin mining firm, has secured a deal to acquire 205 megawatts of power in West Texas, as well as the land needed to set up its data center. This move takes the miner’s energy capacity up to 1,300 megawatts. Hut 8’s power purchase agreement (PPA) with Texas will place it next to a wind farm. This deal will also have Hut 8 channel into a reliable power source, as the location is connected to the Electric Reliability Council of Texas (ERCOT), supplying 90% of Texas’ power...

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Investing in the cryptocurrency market offers unique opportunities to transform small investments into substantial returns. With strategic choices and a bit of market insight, it is possible to turn a $2,000 investment into $20,000. Two cryptocurrencies currently generating significant buzz and potential for such high returns are Polygon (MATIC) and Mpeppe (MPEPE). Here’s how investors can capitalize on these opportunities to achieve impressive gains. Polygon (MATIC)’s Potential for...

In a surprising turn of events within the cryptocurrency world, a prominent Cardano (ADA) whale has pledged a substantial $250,000 investment into Mpeppe (MPEPE) and other meme coins. This significant move has caught the attention of the crypto community, highlighting the growing appeal and potential of meme coins in the current market. The decision by a major investor to diversify into these tokens signals a shift in investment strategies and underscores the evolving landscape of digital...

Two tokens are making significant waves in different arenas: Solana (SOL) with its profound impact in Africa, and Mpeppe (MPEPE) with its rising dominance in the market. These developments not only highlight the versatility and potential of blockchain technology but also demonstrate the diverse applications and benefits of different cryptocurrencies.  Solana (SOL)’s Impact in Africa Technological Advancements: Solana (SOL) is making remarkable strides in Africa by driving...

TL;DR Ethereum briefly fell below $3,000 but has since recovered, with bullish predictions targeting prices up to $8,000. Optimism is partly driven by the potential launch of spot ETH ETFs in the US, expected by some industry participants as early as mid-July. The Next Target The cryptocurrency market decline witnessed at the end of last week and the start of the new one has negatively affected Ethereum’s (ETH) price, which briefly tumbled below the $3,000 mark. In the past...

The US spot Bitcoin exchange-traded funds (ETFs) saw nearly $295 million in net inflows on July 8th. This represented significant buying activity, which was last seen in June, when Bitcoin was hovering above $70,000. Notably, major funds have appeared to have made a comeback despite Bitcoin struggling with downward pressure. BlackRock’s IBIT Tops ETF Inflows The latest surge in investment comes as these vehicles kicked off July on a strong note. In the second week of July,...