Binance Faces Legal Action Over PNUT Memecoin
Crypto exchange Binance is under fire after receiving a cease and desist letter from Mark Longo, owner of the internet-famous Peanut the Squirrel, for alleged copyright infringement. Following the news, the Solana-based memecoin PNUT saw a sharp decline, falling 10.2% to hit $1.05, its lowest support level in over a month. Longo, known as “Peanut’s […]
Bitcoin Hits $106K: Analysts Target $125K
Bitcoin (BTC) reached a fresh milestone today, briefly exceeding $106,000 and setting a new record before settling near $104,738. Market optimism, fueled by seasonal trends, U.S. policy expectations, and institutional investments, continues to drive BTC’s upward momentum. Traders now anticipate BTC could climb further, with a key target set at $120,000 in the short term. […]
Riot Platforms Expands Bitcoin Holdings with $510M Purchase
Bitcoin [BTC] has dominated headlines in 2024, marking a historic year with the approval of BTC ETFs in the U.S. and international markets. This regulatory breakthrough has paved the way for institutional investors, driving crypto product inflows to over $35 billion since January. This surge underscores Bitcoin’s growing appeal as a dominant financial asset. Riot […]
OnChain Heroes NFT Surges 13x, Ignites GameFi Rally
The GameFi sector continues its hot streak as OnChain Heroes, a new idle RPG developed by pseudonymous creator SkarlyWarly, sees its genesis NFT collection surge over 13x from its mint price within a single day. The collection of 1,000 ring NFTs minted at 0.2 ETH per NFT and quickly climbed to 0.7 ETH on the […]
Billionaire Says: Own Some Bitcoin
Billionaire and Interactive Brokers Group founder Thomas Peterffy has encouraged investors to acquire Bitcoin while advising caution due to its inherent volatility. Speaking in a Bloomberg interview on Wednesday, Peterffy recommended allocating a modest portion of one’s net worth to the leading cryptocurrency. “I would recommend that people put maybe 2% to 3% of their […]
Coincheck to Go Public on Nasdaq via SPAC Merger
Japan’s second-largest cryptocurrency exchange, Coincheck, is set to go public on the Nasdaq on Wednesday, marking a major milestone for the company and the broader crypto industry. The move comes via a de-SPAC merger with Thunder Bridge Capital IV, enabling Coincheck to become the second crypto exchange to list publicly in the United States. The […]
PEPE Outshines WIF in Meme Coin Battle
In the meme coin space, Pepe (PEPE) and dogwifhat (WIF) rank as the third and fourth-largest memecoins by market capitalization, respectively. PEPE currently boasts a market cap of $10.2 billion, while WIF trails significantly at $2.8 billion. This discrepancy generally suggests WIF has more room to grow, yet recent performance tells a different story. While […]
Bitcoin Market Outlook: Extreme Greed Signals Bullish Sentiment
Bitcoin [BTC] continues to exude bullish momentum as the Fear and Greed Index hits an extreme greed level of 83. This reading highlights growing investor confidence and widespread optimism surrounding the flagship cryptocurrency. However, it also brings into focus whether Bitcoin can sustain this bullish momentum or face an impending market correction. At press time, […]
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