Author: WebDesk
Former Coinbase CTO Balaji Srinivasan criticized memecoins, calling them a “zero-sum lottery” that creates no wealth. Users Told to Invest Only What They Can Afford to Lose Former Coinbase chief technology officer Balaji Srinivasan has criticized memecoins, calling them a “zero-sum lottery.” He argues that these coins create no wealth, and buyers often lose everything […] Credit: Source link
The US state of Utah has taken a significant step toward embracing digital assets with the introduction of a ‘Strategic Bitcoin Reserve’ bill. Senator Jordan Teuscher led the initiative, making Utah the 11th U.S. state to propose a Bitcoin Reserve. Utah’s Bitcoin Reserve Bill BIG BREAKING: The state of Utah becomes the 11th state to see a ‘Strategic Bitcoin Reserve’ bill introduced. Thank you @jordanteuscher for your leadership. pic.twitter.com/UapC2v6sLT — Dennis Porter (@Dennis_Porter_) January 20, 2025 The bill, officially titled the ‘Blockchain and Digital Innovation Amendments’, grants the state treasurer authority to invest public funds in select digital assets. It…
A closely followed analyst who nailed the pre-halving Bitcoin correction last year thinks altcoins are close to igniting big rallies and outperforming BTC. Pseudonymous analyst Rekt Capital tells his 531,500 followers on the social media platform X that the altcoin market is at a stage where it is being overlooked by most traders. But the trader notes that the prevailing bearish sentiment is setting the stage for altcoins to ignite upside bursts, leaving many traders on the sidelines. “February has been a strong month for altcoins in both 2023 and 2024. Could altcoins enjoy a strong February for the third…
Este artículo también está disponible en español. Dogecoin traders have lost over $65 million in 24 hours amid the largest liquidation event in this year so far. This development came as the DOGE price crashed violently after climbing to as high as $0.43 on Sunday. Dogecoin Traders Lose Over $60 Million In 24 Hours Coinglass data shows that Dogecoin traders have lost over $65 million in the last 24 hours. Traders who went long on DOGE suffered the most, with $54.81 million in long positions liquidated during this period. Short traders accounted for the remaining loss, with $7.90 in short…
AAVE, the native cryptocurrency of leading protocol Aave, showcased strong resilience to market volatility on Monday during Donald Trump’s inauguration. With an intraday gain of 9%, the coin price is nearing a breakout of the bull flag pattern amid a notable derivative market According to Coingecko data, the AAVE coin holds a market cap of $5.5 Billion, while the 24-hour trading volume is at $1.5 Billion. Key Highlights: The flag pattern formation drives the current correction trend in AAVE. The coin price is 5% from a bullish breakout of 5-week resistance. The ongoing recovery could have renewed selling pressure at…
Rumble Kong League is migrating from Avalanche to Ronin, and there’s a lot to unpack about why this matters. If you’re new to Web3 or just curious about how NFTs, tokens, and sidechains work, don’t worry—you’ll find everything explained in simple terms here. You’ll also learn how to take advantage of the extended airdrop campaign and why big names like Stephen Curry and Paul George are involved. Let’s dive in. Rumble Kong League in a Nutshell Rumble Kong League (RKL) is a free-to-play basketball game that lets you form a three-person team and go head-to-head against other players online. It’s…
PRESS RELEASE. Miami, FL – January 2025 – The Web3 world is buzzing as WAGMI Miami, the ultimate gathering for blockchain enthusiasts, builders, and innovators, introduces WAGMEME, the first-ever conference token designed to create unparalleled in-real-life (IRL) engagement. WAGMEME is more than just a memecoin—it’s a groundbreaking experiment in utility, community, and fun. As the […] Credit: Source link
Although Bitcoin and Ethereum get most of the attention, other smaller altcoins are sparking change with practical solutions and promising significant returns. Those looking for major gains should consider these next altcoins to explode in 2025: BlockDAG, AAVE, Tron, and Sui—each provides distinct advantages and huge potential for growth. These projects are pivotal in the evolution of crypto, offering diverse opportunities for growth in a rapidly changing market. 1. BlockDAG: Revolutionizing Blockchain Efficiency BlockDAG (BDAG) is transforming blockchain technology with its revolutionary Directed Acyclic Graph (DAG) structure. This infrastructure enables simultaneous transaction processing, reducing network traffic and boosting scalability. Sectors…
The current market sentiment appears confusing due to the immense profit-taking in the past 24 hours. Amid this, XRP, the native token of Ripple Labs, seems promising and is poised for a massive upside rally, as long-term holders have shown strong interest and have been accumulating substantial amounts of tokens.Record $250 Million of XRP OutflowAccording to the on-chain analytics firm CoinGlass, the spot inflow/outflow metric revealed that exchanges have experienced an outflow of $250.67 million worth of XRP. This massive outflow is the highest that exchanges have witnessed in the past year.Source: CoinglassIn the cryptocurrency landscape, “outflow” refers to the…
Investor Chris Burniske says that Donald Trump’s recent launch of his official memecoin could help usher in a new phase of free experimentation and capital flows in the crypto space. Burniske, a former ARK analyst and current partner at venture firm Placeholder, says in a post on the social media platform X that he doesn’t plan on buying TRUMP, but notes that its launch is “catching eyeballs everywhere” and potentially encouraging others to embark on projects in a similar manner. President Trump launched TRUMP late on Friday and it quickly skyrocketed to a $64 billion fully diluted valuation (FDV). Burniske…
