In an impressive milestone, Pump.fun has achieved record monthly agreement income, totaling $28.73 million in July. This achievement highlights the growing retail interest in Solana-based memecoins, such as WIF and BONK. Pump.fun Income hits Record According to an August 13 post by Entropia Intel news aggregator, Pump.fun, a memecoin creation platform on the Solana blockchain, …
Record $28.7 Million Monthly Income for Pump.fun Read More »
In a surprising development, Bitcoin mining rewards are facing a significant decline, reaching rock bottom in 2024. On August 11th, daily Bitcoin mining rewards plummeted to a mere $2.54 million worth of BTC, marking the lowest earnings since October 2023. The Impact of Bitcoin Mining Rewards The recent Bitcoin halving event, which occurred in April …
Bitcoin’s price action has recently caught the attention of traders and investors as the 50-day simple moving average (SMA) crossed below the 200-day SMA, forming what is known as a death cross. This technical pattern, seen on Bitcoin’s daily charts, typically signals a bearish trend. The last time Bitcoin encountered a death cross was in …
Celsius Network, a well-known crypto lender, had a significant loan agreement with Tether Ltd. dating back to 2020. This arrangement allowed Celsius to borrow stablecoins like USDT and Euro Tether (EURT), with Bitcoin used as substantial collateral. At its peak, the loan reached nearly $2 billion in USDT, secured by tens of thousands of BTC. …
The Celsius and Tether Legal Clash: Unfolding Allegations Read More »
Pump.fun, a platform dedicated to launching memecoins, has introduced an incentive that rewards creators with 0.50 SOL (approximately $80) if their tokens successfully list on Raydium, a Solana-based decentralized exchange (DEX). This reward is given once the tokens complete their bonding curves, offering a new way for users to benefit from their creations. Free Token …
The term “Black Swan Events in markets” refers to rare, unpredictable events that have severe consequences. Originating from Nassim Nicholas Taleb’s 2007 book, “The Black Swan,” these events are outliers with a major impact on the financial world, including the crypto market. While traditional markets have experienced several Black Swan Events, the crypto market, being …
Starting today, Morgan Stanley’s wealth advisors can actively pitch two spot bitcoin exchange-traded funds (ETFs) to some of their clients, according to CNBC. The advisors will solicit investments into BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) from eligible clients. This marks a significant shift in the traditional finance industry’s approach …
Morgan Stanley’s 15000 Advisors Pitching Bitcoin ETFs Today Read More »
Peckshield, a prominent blockchain security firm, has uncovered a significant security breach impacting the Ronin Network, resulting in the loss of 3,996 $ETG tokens valued at approximately $9.8 million. The discovery was made public in a Tuesday X post. White Hat Hacker Speculation The breach has sparked speculation that a white hat hacker may have …
Capula Investment Management, a prominent London-based hedge fund, has reported owning $464 million in spot bitcoin ETFs issued by BlackRock and Fidelity. This filing, reflecting the firm’s holdings as of June 30, was submitted to the U.S. Securities and Exchange Commission. Current Valuation Due to the recent decline in Bitcoin prices, Capula’s position in these …
Capula Investment Management’s $464M Bitcoin ETF Holdings Drop Amid Declining Prices Read More »
The recent performance of Ethereum has been a significant source of concern for investors, with the token persistently trending downwards. Despite the launch of spot ETH ETFs (exchange-traded funds) in the United States, Ethereum has shown no signs of relief. Instead, the underwhelming performance of these ETFs with Grayscale Ethereum ETF outflow might even be …
Grayscale Ethereum ETF $2B Outflows : Price in Danger Read More »
