altcoins
Injective (INJ) price has erased almost all the gains it had made in the last two days after dropping below $29. Interestingly, the drop, which break a month-long rally, comes amidst a positive development for the Injective ecosystem after Bitoro, decentralized perpetual futures trading protocol, announced its deployment on Injective. Bitoro launches on Injective ProtocolBitoro today announced it was launching to Injective protocol adding to the number of blockchain networks where the perpetual futures trading protocol is currently available. Besides Injective, Bitoro will also available on Av...
Invezz
Curve DAO’s native token, CRV, earlier today experienced a tumultuous period marked by significant liquidations and a steep price drop. This crisis resulted from a test of Curve Finance’s soft liquidation mechanism and was exacerbated by the extra large positions held by Michael Egorov, the founder of Curve Finance, resulting in a $10M bad debt. However, recent developments, including Egorov’s repayment of a substantial portion of the debt and strategic measures to stabilize the token, have led to a slight recovery of the CRV price. What we know so far about the Curve Finance liquidation crisi...
Invezz
With the massive adoption of cryptocurrencies, various top crypto coins are witnessing massive investor inflow and partnerships. Shiba Inu is one of the tokens that have witnessed massive adoption in recent weeks with Atomic Wallet listing Shiba Inu’s BONE. Meanwhile, Cardano’s price has dropped significantly as the token market activity depreciates. In another development, the Rollblock presale is booming with whales accumulating the token. With the surging momentum, the team has raised almost $1M in presale and could go as high as $3 million by the end of the month. Rollblock revolutionizing...
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Galaxy Digital CEO trusts that themed digital coins, such as Dogecoin, Shiba Inu, PepeCoin, and Dogwifhat, vital in ensuring stability in the cryptocurrency sector. Memecoins aren’t going anywhereThe executive emphasized that meme assets are vital in the crypto world, describing the class as the cornerstone of the digital economy. Novogratz highlighted how themed tokens dominate financial trends as among “the most powerful narratives.” He added that meme tokens on permissionless blockchains boast over $60 billion in market capitalization. Memecoins grab investor interest amid market volatility...
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Lido has announced a strategic partnership with Mellow Finance and and Symbiotic, aiming to enhance the utility and liquidity of staked ETH (stETH) through advanced DeFi vaults. This announcement has caused Lido DAO (LDO) and Lido Staked ETH (stETH) prices to jump significantly. This partnership forms the Lido Alliance, which seeks to provide stETH holders with robust security, increased rewards, and innovative staking opportunities. The partnership detailsLido’s collaboration with Mellow Finance focuses on providing advanced DeFi vaults, enabling stETH holders to restake their tokens, receive...
Invezz
Le monde des cryptomonnaies est plein d’enthousiasme avant le lancement de Solciety, une nouvelle pièce de mème qui devrait faire ses débuts sur le réseau de Solana le 18 juin. Construite sur la blockchain Solana robuste et efficace, Solciety vise à offrir un mélange unique de services et d’opportunités, ciblant à la fois les passionnés de cryptographie chevronnés et les nouveaux arrivants curieux. Se lancer sur Solana, un choix stratégique pour SolcietyChoisir Solana comme fondation de Solciety est une décision stratégique. Solana est réputée pour ses transactions rapides et ses frais peu éle...
Invezz - FR
The cryptocurrency space is buzzing with excitement ahead of the launch of Solciety, a new meme coin scheduled to debut on the Solana network on June 18th. Built on the robust and efficient Solana blockchain, Solciety aims to offer a unique blend of services and opportunities, targeting both the seasoned crypto enthusiast and the curious newcomer. Launching on Solana a strategic choice for SolcietyChoosing Solana as the foundation for Solciety is a strategic move. Solana is renowned for its high-speed transactions and low fees, making it an ideal platform for new and innovative projects. It ha...
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While the broad crypto market remains downbeat, AI-linked digital coins record the most declines as Apple’s WWDC failed to match the expected buzz. Market players anticipated groundbreaking advancements in AI at the annual conference. Indeed, the company announced “Apple Intelligence” and a new deal to integrate ChatGTP. However, these announcements failed to stir the markets, and Elon Musk’s warning added to the downbeat mode. The Tesla executive promised to prohibit Apple devices at his firms if the tech giant integrates OpenAI’s ChatGTP. In response to Apple CEO Tim Cook’s post, Musk added,...
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GameStop stock (NYSE:GME) price drop has had a profound impact on the meme coins, leading to widespread declines in meme coin prices. While GameStop Corp. is a renown American video game, consumer electronics, and gaming merchandise retailer, its stock among the meme stocks which is the reason as to why its price movement correlate with that of meme coins. The popular meme stock is AMC Entertainment Holdings (NYSE:AMC), which on 11 June, 10:34 GMT-4 was up 3.61% contrary to the GameStop (GME) stock that was down 1.13% at the same time. GameStop stock decline post Roaring Kitty hypeOn June 7, t...
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The cryptocurrency market experiences notable price fluctuations, with most assets failing to maintain upward momentum. Bitcoin (BTC) displays weakness after losing nearly 4% over the past day to hover at $66.79K during this writing. While such an outlook painted the altcoin sector red, Gnosis (GNO) defied the bearish odds with a notable uptick. GNO’s price jumped nearly 10% over the past day to $354, confirming stability amid market volatility. What triggered the Gnosis price surge?The altcoin has maintained an upside stance lately, gaining around 25% within the past month. Meanwhile, news ab...
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