Arbitrum DAO, a digital cooperative with over $3 billion in cryptocurrency assets, is gearing up for an expansion initiative. Recently, members of the cooperative gave their overwhelming approval for an eight-week pilot program in mergers and acquisitions. This move, proposed by Bernard Schmid of Areta, aims to emulate strategies seen in Big Tech firms, signaling…
Shiba Inu (SHIB), a cryptocurrency themed around dogs, has experienced a significant surge in tokens moving into wallets held by large investors. This increase, tracked by IntoTheBlock’s Large Holders Inflow data, jumped by an impressive 1,590% in the last 24 hours. Specifically, the amount of SHIB tokens entering these large wallets soared from 728.17 billion…
Reddit’s stock price surged significantly in recent days after the company announced its partnership with OpenAI. Today, RDDT rose by 14%, according to pre-market data. RDDT saw a remarkable 14% surge in its price, closely following Reddit’s partnership with OpenAI. The stock is now trading around $64, reflecting investor optimism about its future prospects. Reddit…
As the altcoin market value exceeds $276 billion, driven by Bitcoin’s surge above $66,000, investors are eyeing altcoins for gains. Crypto analyst CryptoBulle warns against blindly investing in all altcoins despite the bullish trend, noting the market’s susceptibility to corrections. CryptoBulle advises caution with altcoins between Fibonacci levels 0.382 and 0.236. Filecoin’s daily chart shows…
5% drop in FLOKI’s price over the last 24 hours, market sentiment remained bullish as its Altrank surged to #1. Indicators are now suggesting a potential trend reversal. A few days ago, FLOKI surged above a bullish pattern, suggesting potential for continued price increases. Recent data shows the memecoin is progressing well toward its targets….
KuCoin has suspended Naira Peer-to-Peer (P2P) trading on its platform, following other crypto exchanges amid tightening regulations from Nigerian authorities. This decision comes after the Nigerian Securities and Exchange Commission (SEC) met with key crypto stakeholders, advising against Naira P2P trading due to concerns over the instability of the Naira currency. KuCoin Suspends Naira P2P…
Senate votes to repeal anti-crypto rule SAB121, passing bill for Bitcoin custody by financial firms. U.S. Senator Elizabeth Warren opposes, citing safety concerns over digital assets held by banks. Senator Elizabeth Warren urges the Senate to reject a bill allowing financial firms to custody Bitcoin, citing safety concerns. Senator Cynthia Lummis supports the bill, emphasizing…
Hedera (HBAR) is on the rise following a notable increase in new account creations. While the overall market recovery has played a part, the uptick in HBAR also reflects the natural growth of the Hedera project. The Hedera network is growing, with more transactions and active users, mainly due to long-term DeFi projects. Recently, there’s…
Memecoins are making a strong comeback, rising 8.8% alongside other cryptocurrencies, thanks to better Consumer Price Index (CPI) data in the US. This surge in memecoins is fueling a rally across different assets, coinciding with a drop in US inflation to 0.3% per month, bringing it back to 2021 levels. This decline suggests potential interest…
Billy Markus, also known as Shibetoshi Nakamoto, the co-creator of Dogecoin, has replied to a recent tweet by Elon Musk regarding his company SpaceX. In his response, Markus shared his thoughts on SpaceX’s goals and plans. This interaction sparked excitement not only from Markus but also from other members of the crypto community on X,…