cryptobusiness
Cryptocurrency exchange Traded Products (ETPs) continue to have a record-breaking 2024, according to latest research. New data, released this week by digital asset and fintech investment firm Fineqia International Inc (CSE: FNQ), showed that ETPs trading in digital assets reached a new all-time high in May 2024. The research, in which Fineqia studied 194 top international ETPs, showed that ETPs with digital assets as underlying collateral increased their total global Assets Under Management (AUM) to $95.4 billion in May – a new record amount. The total AUM recorded at the end of May represents...
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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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It’s been a busy month so far for the VGX team, with a new leader at the helm and a new partnership to boot. VGX introduces chairman Matteo PerruccioRecently, the VGX Foundation announced that it has appointed Matteo Dante as its Chairman. The VGX Foundation has been set up to support the VGX token, a digital asset used in conjunction with new Web 3.0 games and has already been integrated into multiple games, most famously Gala Games. Through the use of VGX coins, games and gamers can earn and access and us in-game rewards across various Web 3.0 games, regardless of the platform. This has been...
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Cryptocurrency exchange OKX has reimbursed two of its customers whose accounts were compromised. The attack transpired on June 9 due to vulnerabilities in the exchange’s security. According to journalist Colin Wu, both the users have received full compensation. A measure that was promised by the exchange in case it was at fault. OKX sees massive withdrawals following hackThe user compensation comes as the exchange saw massive outflows a day after the two victims lost access to their accounts. Approximately $204 million left the exchange’s wallets within 24 hours following the exploit. Over the...
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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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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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The crypto market entered another buying frenzy in June. Meme coins like Dogecoin, Shiba Inu, and Pepe have experienced huge inflows, causing their prices to spike. However, given the volatility of themed tokens, some investors are choosing to buy an alternative project. Rollblock is an exciting new GambleFi casino that offers revenue share for token holders. Here’s why it could outperform major meme coins. Crypto analyst anticipates 10x Pepe rallyMany cryptocurrency experts believed that Pepe peaked at $0.0000172. However, Crypto Rover, a popular market analyst, has taken to X to express supp...
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The cryptocurrency market displays weakness as bears showcase their dominance. Bitcoin (BTC) lost nearly 3% over the past 24 hours, triggering notable slides in the altcoin sector. Meanwhile, PepeCoin (PEPE), Uniswap (UNI), and Bitbot (BITBOT) signal potential bounce-back with enough momentum for long-term uptrends. Let’s find out more. Crypto whales rescue PEPE from heightened volatilityPepeCoin changed hands at $0.00001167 at press time, following a 7.5% and 20% daily and weekly plunge. The significant slide comes after PEPE outperformed the market lately to hit all-time highs. Meanwhile, ac...
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Donald Trump’s cryptocurrency portfolio attracted attention last week as it mushroomed past the $30 million mark. The launch of a new meme asset, TROG, propelled the billionaire’s crypto balance toward $34 million. However, the upside was short-lived, as market volatility gradually dragged Trump’s crypto portfolio to press time values of $16.71 million, down by over 50% from recent highs. Memecoins fluctuations dent Trump’s crypto balanceThe latest meme coin craze cemented Trump’s presence in the crypto world, with tokens like STRUMP exploding to ATHs. Meanwhile, the TROG launch magnified opti...
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Crypto intelligence platform Spot On Chain revealed significant transactions involving a dormant whale. The wallet, belonging to Tron’s founder Justin Sun, transferred tokens worth around $21 million to Binance. Sun’s diversification in the DeFi worldThe significant transaction involved 93,979 $AAVE (worth $11.26 million), 3,800 $MKR (valued at $9.3 million), 4,178 $COMP (worth $245K), and $217K in 203,623 LQTY coins. Aave (AAVE) and Compound are leading protocols in the decentralized finance industry, allowing players to participate in crypto borrowing and lending. The enormous investment in ...
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