Crypto News

Floki Inu team warns about “fake” claims that FLOKI tokens are on Solana and Base chains. According to the meme coin project, the native token is olnly tradable on ETH and BNB Chain. The lates Floki news relates to a warning the meme coin’s team issued this weekend. Specifically, the crypto community should be careful as there are scams claiming the FLOKI tokens are on Solana and Base, Floki Inu wrote in a social media post. In a post on the official Floki Inu X account , the meme coin notified its users and the broader crypto community to be wary of such as they are “false and attempts to deceive.” “It has come to our attention that there are scams claiming Floki has a token on Base or Solana,” the Floki Inu team posted. “Please note: $FLOKI is ONLY tradeable on the $BNB and $ETH chains,” they added. The project shared the correct contract addresses on Ethereum and BNB Chain, with the ETH as 0xcf0c122c6b73ff809c693db761e7baebe62b6a2e and the BNB address as 0xfb5b838b6cfeedc2...

Coinbase files with CFTC to list futures for five altcoins. The five altcoins futures include DOT, SHIB, XLM, AVAX, and LINK. Trading for these futures to begin on or after July 15, 2024. Coinbase has filed with the Commodity Futures Trading Commission (CFTC) to list futures for five popular altcoins: Polkadot (DOT), Shiba Inu (SHIB), Stellar (XLM), Avalanche (AVAX), and Chainlink (LINK). According to a release by Coinbase, these new futures products are set to start trading on or after July 15, 2024. Coinbase seeks to expand its product suite The addition of these futures is a significant step for Coinbase as it seeks to enhance its product suite and provide its users with more versatile trading options. Futures contracts are financial derivatives that obligate the buyer to purchase, or the seller to sell, an asset at a predetermined future date and price. This allows traders to speculate on the future price movements of these altcoins with reduced upfront capital requireme...

POPCAT (SOL) surges 136% in a week, leveraging Solana’s ecosystem and community support. Michi (MICHI), known for its viral marketing and memeable appeal, gains 51% in 24 hours. Memeinator (MMTR) rebounds as focus shifts to utility with staking rewards and NFT offerings. Crypto investors are eyeing potential growth opportunities as Memeinator (MMTR) flash signs of recovery as POPCAT (SOL) and Michi (MICHI) prices skyrocket. Below is an in-depth outlook of the developments surrounding POPCAT (SOL), Michi (MICHI) and Memeinator (MMTR). POPCAT (SOL) soars 136% in a week In the volatile world of cryptocurrencies, POPCAT (SOL) has managed to stand out by posting remarkable gains over the past week. Starting at a modest price point, POPCAT has surged by an astounding 136% in just seven days adding to the 3363% surge over the past year. This meteoric rise has not only caught the attention of seasoned traders but has also sparked interest among new investors looking to capitalize on ...

Shiba Inu (SHIB) and Dogecoin (DOGE) face market challenges, struggling amidst volatility and competitive pressures. WW3Shiba (WW3S) meme coin emerges with a narrative-driven approach, blending gaming, NFTs, and high returns. WW3S, currently available at $0.0013 per token in presale, offers unique tokenomics, including charitable contributions. Meme coins have carved out a niche that blends entertainment, community engagement, and speculative investment. Among the notable players like Shiba Inu (SHIB) and Dogecoin (DOGE) , which have captured the imagination of crypto enthusiasts worldwide, a new contender is emerging: WW3Shiba (WW3S) . As SHIB and DOGE navigate challenges in the market, WW3S is gaining attention for its innovative approach and unique narrative. This article delves into the current scenarios of SHIB, DOGE, and the rising star WW3S in the cryptocurrency landscape. Shiba Inu (SHIB) in a key reversal zone Shiba Inu (SHIB), often hailed as the “Dogecoin kille...

CleanSpark announced on June 27 that it had acquired GRIID Infrastructure, a US-based Bitcoin miner for $155 million. The company expects the all-stock deal to close in Q3, 2024 subject to GRIID shareholder approval and other customary requirements. Bitcoin miner CleanSpark announced today that it has entered an agreement to acquire GRIID Infrastructure in an all-stock transaction valued at $155 million. According to a press release the merger agreement also saw the two Bitcoin mining companies seal an exclusive hosting agreement for all of GRIID’s currently available power. 20 MW of this power will immediately be allocated to CleanSpark. “We are looking forward to welcoming the GRIID team into the CleanSpark family and we are excited to apply the CleanSpark way, carefully honed alongside the communities we operate in Georgia and Mississippi, to GRIID’s impressive pipeline in Tennessee,” CleanSpark CEO Zach Bradford said in a statement. CleanSpark eyes 400 MW by 2026 CleanSpa...

Chainlink launches Data Streams on Avalanche to enhance real-time data access. Data Streams introduces pull-based oracles for low-latency data retrieval. The new product adds to the expanding range of Chainlink’s product offerings. Chainlink has introduced an innovative product dubbed Data Streams on the Avalanche Network in partnership with GMX, a perpetual futures trading platform. This new product aims to revolutionize data handling for decentralized applications like GMX. By leveraging Chainlink’s cutting-edge Data Streams, GMX will provide real-time, high-frequency market data essential for its decentralized futures exchange. Chainlink’s Data Streams introduces a “pull-based” model Chainlink’s Data Streams diverge from its traditional “push-based” oracle systems, which routinely update data onchain at set intervals or when specific parameters are met. Instead, the Data Streams product employs a “pull-based” model that retrieves offchain market data on demand with minimal...

Solana (SOL) price rose more than 8% after news that asset manager VanEck had filed for a Solana ETF. The VanEck Solana Trust is the first SOL exchange-traded fund application in the US. SOL, the native token of the Solana blockchain , rose sharply on Thursday as the market reacted to news of VanEck filing for a spot Solana ETF. According to data from CoinGecko, the price of Solana moved from a low of $138 to above $150, adding more than 8% in intraday gains. Solana’s trading volume also spiked, increasing by more than 26% to over $2.8 billion. VanEck files for Solana ETF On June 27, VanEck, an asset manager that also offers a spot Bitcoin ETF and has its spot Ethereum ETF on the verge of trading debut, made history as the first firm in the US to file for a Solana exchange-traded fund (ETF). The firm filed for its VanEck Solana Trust with the US Securities and Exchange Commission (SEC), noting in a statement that the company believes SOL to be a commodity as are BTC and ETH. ...

Maker price rose more than 7% to lead altcoin gainers alongside Kaspa and Injective. Gains for MKR came as new upside momentum emerged amid a massive $1.35 million Endgame audit contest. MakerDAO said in a recent post that blockchain security platform Sherlock will the host the bug hunt contest from July 8 to August 5, 2024. Maker (MKR) price is up on the day as the cryptocurrency alongside Kaspa (KAS) and Injective (INJ) post top gains among the leading 100 cryptocurrencies by market cap. CoinMarketCap data shows the MakerDAO governance token’s price has increased 7% in the past 24 hours. On Wednesday, MKR traded to lows of $2,335. However, a significant uptick in buying pressure has seen it surge past the resistance at $2,400 to reach intraday highs of $2,561 on Thursday morning. As of writing, Maker has a 24-hour trading volume of over $116 million, with this rising 47% in this period. Meanwhile, the market cap has increased 7% to over $2.3 billion. Why is MKR price surging...

Marathon Digital (MARA) has disclosed its mined 93 million KAS worth $15 million. The Bitcoin miner says the operation is part of its diversification of its revenue streams. Marathon to deploy full 60 petahash of KAS power in Q3, 2024. Bitcoin (BTC) mining firm Marathon Digital has announced that it now mines Kaspa (KAS) , a layer-1 proof-of-work (PoW) coin. In a press release published today, Marathon Digital said the mining operations had seen the company mine 93 million KAS as of June 25. The value of the mined Kaspa tokens was around $15 million at the time. Marathon diversifies with Kaspa (KAS) mining According to Marathon Digital, the move to launch KAS mining is part of the company’s quest to diversify its revenue streams. Adam Swick, Marathon’s chief growth officer, said: “By mining Kaspa, we are able to create a stream of revenue that is diversified from Bitcoin, and that is directly tied to our core competencies in digital asset compute,” Swick commented further on...

MAGA Hat (MAGA) traded at $0.0003611, more than 20% up in the past 24 hours. Donald Tremp (TREMP) was changing hands at $0.7933, more than 18% up over the sale time frame. President Joe Biden and former president Donald Trump will face off in the first debate on Thursday. MAGA Hat (MAGA) and Donald Tremp (TREMP) are among the top gainers in the PolitiFi meme coins market today. As well as Trump Mania (TMANIA), these meme coins have soared double digits each in the past 24 hours, outpacing the likes of Constitution DAO, TRUMP and BODEN. MAGA and TREMP tokens soar MAGA Hat currently trades around $0.0003611, about 20.5% in the past 24 hours and 49% this past week. Meanwhile, TREMP is changing hands around $0.7933, more than 18% in the past 24 hours and 13% over last week. The gains are part of the overall bounce for PolitiFi tokens ahead of the US presidential candidate’s debate . Anticipation around the event and the upcoming election has the sector poised for a possible expl...

zkSync (ZK) and Shiba Inu (SHIB) face steep declines amid volatile crypto market conditions. Investors seek stability and innovation, turning to Bitbot’s native token, BITBOT, ahead of its anticipated listing. Bitbot emerges as a promising alternative with AI-driven trading tools and non-custodial security. zkSync (ZK) and Shiba Inu (SHIB) have faced significant declines, prompting investors to seek alternative opportunities. Amidst these fluctuations, Bitbot emerges as a promising option, poised to attract attention ahead of its upcoming listing. zkSync (ZK) faces challenges post-launch zkSync, the much-anticipated token that debuted on June 17, initially saw a surge in value following its launch. However, this enthusiasm quickly waned as sell pressure intensified, primarily from participants looking to capitalize on its airdrop. Despite a spike in new unique addresses and transaction volumes on launch day, subsequent days witnessed a sharp decrease in both metrics. For ins...

Smidge (SMIDGE) plunges 71% in 24 hours, reflecting volatile meme token risks. Solciety (SLCTY) presale nears $500K, attracting crypto influencers with its staged pricing presale. Solciety merges politics with memes on Solana, fostering community and creativity. Smidge (SMIDGE) meme coin price has seen a massive plunge sending investors into panic mode looking for alternative options. Amid the SMIDGE decline, the new Solana-based meme coin Solciety (SLCTY) is making waves after launching its presale on June18. Smidge (SMIDGE) price plunges by over 71% Smidge (SMIDGE), a token associated with the 5th generation of the frog kingdom and known for its popularity on platforms like 4chan and Reddit, has seen a drastic decline in its market value. From an all-time high of $0.0008874 just a day ago, Smidge has plummeted to $0.0001732, marking a staggering decrease of 71.25% in a single day. Despite its initial popularity and viral status, Smidge’s recent performance highlights the ...

US Congressman Matt Gaetz has introduced legislation that would require the IRS to accept tax paid with Bitcoin. If enacted into law, American taxpayers will have the option to pay taxes in BTC. US Representative Matt Gaetz (R-FL),has introduced a new bill that could see Americans pay their income tax with Bitcoin . On Tuesday, a news release from the legislator confirmed the new bill, which will mandate the federal government to accept payments of taxes via the cryptocurrency. Bill would require IRS to accept Bitcoin for tax Gaetz’ bill proposes an amendment to the US’ Internal Revenue Code of 1986, with the Treasury secretary required to put into place the necessary infrastructure for the IRS to accept BTC. Notably, US tax regulations mandate individuals to report crypto transactions, with both income and capital gains taxes applicable. But while a few states have looked at use of BTC for tax payments, the federal government does not have such a provision. “My groundbreaking...

Crypto Fear and Greed Index is currently in the “fear” zone with a score of 30. This is the lowest sentiment measure for Bitcoin (BTC) in nearly 18 months. The Crypto Fear and Greed Index, a measure of market sentiment for Bitcoin (BTC) and the broader crypto market, has dropped to 30, the lowest score it has reached in over one and half years. While BTC has traded lower during the current market cycle and the Crypto Fear & Greed Index has fallen into the “fear” zone, this is the first time it has done so since January last year. Crypto Fear & Greed Index drop to 30 As Bitcoin price slipped below $60,000 on Monday, June 24, the index score nosedived more than 20 points to drop into the “fear” zone. The decline means the Bitcoin Fear & Greed Index is currently trending at levels last seen in January 2023. At the time, Bitcoin price was trading around $17,000 after the market reaction to the industry’s most shocking collapse so far – the implosion of the FTX crypto e...

Bitcoin (BTC) price fell more than 5% to drop below the $60,000 threshold. The declines came after news that Mt.Gox will start repaying its creditors in July, with potential $9 billion sell-off pressure incoming. Bitcoin price has dropped below the $60,000 threshold after a day of massive sell-off pressure. BTC reached highs of $71,974 on June 7, but has been in downtrend since. Today’s declines have seen the cryptocurrency break below $60k for the first time since rebounding above this level in early May. Bitcoin price drops below $60k On Monday, news that Mt. Gox, a bankrupt crypto exchange that suffered a major hack in 2014, was on the verge of distributing nearly $9 billion in BTC to creditors sparked new selling pressure for Bitcoin. When hackers stole thousands of Bitcoin from Mt.Gox ten years ago, the price of Bitcoin was around $40. That puts today’s price at an astronomical level since, a factor that could see some recipients of the 141,000 BTC to be repaid elect to se...

The ZK Compression uses zero-knowledge proofs for data compression. The ZK Compression slashes Solana on-chain storage costs by 99%. The ZK Compression operates as an integrated L1 solution, avoiding typical L2 complexities. Light Protocol and Helius Labs have unveiled a groundbreaking feature known as ZK Compression on Solana, aimed at revolutionising how data is stored on the Solana blockchain by significantly reducing on-chain storage costs. 1/ Today, we launch the next generation of Light. Together with @heliuslabs At its core, a new primitive: Tokens and accounts: orders of magnitude cheaper, while enabling native ZK compute on Solana. We call it: ZK Compression. pic.twitter.com/nx3m99bwvy — Light Protocol (@LightProtocol) June 21, 2024 Launched on June 21, ZK Compression harnesses zero-knowledge (ZK) proofs to compress on-chain data, promising immense scalability improvements and cost savings. How does the ZK Compression work? At its core, ZK Compression leve...

Japanese firm Metaplanet announces 1 billion yen ($6.2 million) BTC purchase. Funds will come from proceeds of a bond issuance. Metaplanet, a top Japanese investment firm that has recently adopted the Bitcoin strategy by adding BTC to their balance sheet, has announced plans to buy more BTC. The company is looking to add over $6.2 million more worth of Bitcoin, using funds from an upcoming bond issuance. Metaplanet to buy more BTC Per details shared in an announcement , the bond payments are set for June 26, 2024 and Metaplanet will use the proceeds to buy more Bitcoin. It’s a move that would bring its holdings to more than $15 million. The firm holds 141.07 BTC after its recent 250 million yen purchase. The firm’s Board of Directors confirmed the decision to buy 1 billion yen worth of Bitcoin to add to its balance sheet on Monday. “While our basic policy is to hold Bitcoin for the long term, if we use Bitcoin for operations or other purposes, the corresponding Bitcoin balance...

CoinStats has temporarily shut down its app after the June 22 security breach. Users are advised to transfer funds immediately using exported private keys. Scam notifications have been distributed through the CoinStats push notification and an in-app message. On June 22, CoinStats , a prominent cryptocurrency portfolio tracking app, experienced a significant security breach impacting 1,590 user wallets, representing about 1.3% of all the portfolio tracker wallets. The incident, believed to be perpetrated by hackers linked to North Korea, led to immediate action from the crypto portfolio tracker, including temporarily shutting down the app and advising users to transfer their funds using exported private keys. CoinStats security breach: what we know so far According to an updated shared by CoinStats on X , affecting 1,590 wallets generated directly within the app. The hackers, suspected to have connections with North Korea, reportedly managed to compromise these wallets while ...

JasmyCoin surges 12% as price defies broader crypto market JASMY could flip to $0.04 if bulls hold above key support level JasmyCoin (JASMY) , the native token of a Japan-based cryptocurrency project for decentralized data, has witnessed a significant price increase as most top altcoins mirror Bitcoin’s consolidation in the past month. On June 23, JASMY price was up 12% – more than any other token in the top 100 by market cap. As BTC and ETH hovered around the $64k and $3.5k price levels respectively, JasmyCoin was trading above $0.033, seeing a notable surge in daily volume and one of the top trending crypto tokens in the market. JASMY price – what happened? While JasmyCoin remains nearly 7% down in the past week, the past 24-hour gains have helped stem recent rot that saw JASMY fall to around $0.027. The declines had accelerated once JASMY retreated from above $0.044 in early June, with a breakdown to $0.030 coinciding with Bitcoin’s sharp descent this month. As the crypto m...

Standard Chartered is eyeing a spot cryptocurrency trading desk for Bitcoin and Ether. The bank would become the first global banking giant to make a foray into spot crypto trading. Standard Chartered backs institutional crypto trading platform Zodia Markets, an arm of Zodia Custody. Standard Chartered Plc. is reportedly setting up a spot trading desk for Bitcoin (BTC) and Ether (ETH), Bloomberg reports . Standard Chartered’s crypto desk to launch in London According to people familiar with the development, Standard Chartered’s new crypto trading desk will be based in London and is close to going live. Furthermore, the crypto desk is set to be part of the banking giant’s FX trading unit. Standard Chartered is a leading multinational bank and investment giant and its foray into spot crypto, when it happens, will mark a key milestone for global banks. Over the past few years, banks such as Goldman Sachs have traded crypto derivatives. However, the strict regulatory landscape and...

Key takeaways Bitcoin has slipped below $65k, losing more than 4% of its value this week. Memeinator is now trading on MEXC and Uniswap exchanges. Bitcoin could dip below $64k soon Bitcoin, the leading cryptocurrency by market cap, has been underperforming over the last few days. It has lost more than 4% of its value this week and could drop below $64k soon. At press time, the price of Bitcoin stands at $64,182, down by 2% in the last 24 hours. The poor performance comes as bears take control of the market. The broader crypto market has been choppy in recent days, with no clear direction in terms of price action for most cryptocurrencies.  What is Memeinator? Meme coins have been some of the biggest winners in this cycle and more are coming that offer unique value propositions to investors and users. Memeinator is one of the coins that provides value to investors and users.  Memeinator is a project that provides value to content creators who use memes. The team i...

Winklevoss twins donate $2M in Bitcoin to Donald Trump’s campaign. The Gemini founders cited Trump’s pro-business and pro-crypto stance as reasons for their support. Trump’s campaign recently announced that it would start accepting crypto donations. The founders of Gemini , Cameron Winklevoss and Tyler Winklevoss, commonly referred to as the Winklevoss twins, have each donated $1 million worth of Bitcoin (BTC) to the campaign of former president Donald Trump. The twins’ decision to donate such a substantial amount in Bitcoin marks a significant step in the intersection of technology, finance, and political fundraising. It underscores the growing influence of cryptocurrency in mainstream politics, where digital assets are increasingly becoming a viable form of campaign contributions. Supporting Trump for his pro-crypto stance Announcing his donation, Tyler Winklevoss articulated his support in a statement shared on X , emphasizing Trump’s favorable stance on crypto and business....

CertiK exposed a vulnerability, extracting $3 million before reporting it to Kraken. Kraken patched the bug quickly after the alert from CertiK. CertiK has returned the funds after some procedural disputes. Kraken has successfully reclaimed nearly all of the $3 million taken during a controversial “whitehat” hack orchestrated by blockchain security firm CertiK. Kraken’s Chief Security Officer, Nick Percoco, confirmed the return of funds, with only a small amount lost to transaction fees. The Whitehat hack highlighted critical issues in ethical hacking practices and the protocols surrounding vulnerability disclosures. How did the Kraken whitehack hack unfold? According to the chronology of events detailed by CertiK , the saga began when CertiK identified a serious vulnerability in Kraken’s system that allowed technically adept individuals to inflate their account balances artificially. Exploiting this flaw, CertiK withdrew $3 million from Kraken’s Treasury as proof of the vuln...

BitFlyer, a major Japanese exchange, is angling to acquire FTX Japan, a subsidiary of the bankrupt FTX exchange. The exact value of the acquisition hasn’t been made public though it is expected to be billions of yens. The acquisition is poised to reshape Japanese crypto landscape with robust rebranding plans. In a strategic move poised to reshape Japan’s cryptocurrency landscape, BitFlyer , one of the country’s leading cryptocurrency exchanges, is on the brink of acquiring FTX Japan according to a local source . Reports suggest that the acquisition deal is valued at billions of yen, marking significant development following FTX’s bankruptcy in 2022. BitFlyer’s market consolidation BitFlyer’s acquisition of FTX Japan represents a calculated response to market dynamics. By integrating FTX Japan under its banner, BitFlyer aims to foster a more resilient and trustworthy ecosystem for cryptocurrency investors and enthusiasts alike. With FTX’s parent company facing bankruptcy proceed...

Binance faces a $2.25 million penalty reportedly imposed by India’s Financial Intelligence Unit (FIU). The penalty relates to the crypto exchange’s violation of India’s anti-money laundering (AML) regulations. India’s financial watchdog, the Financial Intelligence Unit (FIU), has imposed a 188.2 million rupees ($2.25 million) fine on Binance , the world’s largest cryptocurrency exchange. FIU has ordered the crypto behemoth to pay the hefty fine after its operations violated India’s anti-money laundering (AML) rules. The fine comes less than two months after Binance and KuCoin gained registration with the FIU as the exchanges looked to resume operations in India, a country with a huge and rapidly expanding crypto community. Binance approved to operate in India In December last year, the regulator issued notices against Binance and other crypto exchanges, over what the FIU termed as violations of the Prevention of Money Laundering Act. In January, India removed the nine offshor...

Fetch.ai rose more than 23% to lead AI tokens higher after recent Nvidia news and performance. Other tokens, including SingularityNET and Ocean Protocol also surged more than 20% Fetch.ai (FET) has jumped more than 23% in the past 24 hours as leading AI-related tokens continue to bask in the limelight that Nvidia has illuminated in recent weeks. This week saw Nvidia overtake Microsoft as the world’s most valuable company, and the exuberance around the leading AI stock has cascaded to AI tokens. Fetch.ai leads this pack, with major gainers in the past 24 hours also including SingularityNET (AGIX) and Ocean Protocol (OCEAN). Both tokens, which together with Fetch.ai are set to merge into a single token dubbed ASI, are up more than 20% in 24 hours. Other AI tokens soar Akash Network (AKT), Bittensor (TAO) and The Graph (GRT) have also climbed double digits – AKT is up 21%, TAO 11% and GRT 11%. Render (RNDR), NEAR Protocol (NEAR) and Internet Computer (ICP) have recorded slightl...