Solana became a hotbed for meme coins in June, with tons of new tokens popping up, many tied to celebrities. It was a wild ride, but the excitement quickly fizzled out. The Great Meme Coin Crash Most of these celebrity-backed meme coins took a nosedive shortly after launch. About 94% of them lost value in…
Robert F. Kennedy Jr., a Republican presidential candidate, is making waves in the crypto world with his bold plan to make Bitcoin a strategic reserve asset for the United States. He believes that this move could strengthen the US dollar and make America a leader in cyberspace. Bitcoin as a Strategic Reserve At the Bitcoin…
BlackRock’s Focus on Bitcoin and Ethereum BlackRock, the world’s largest asset manager, isn’t likely to be filing for spot ETFs for altcoins like Solana and XRP anytime soon. Their digital assets head, Robert Mitchnick, has stated that they see “very little interest” in crypto beyond Bitcoin and Ethereum. So, it looks like they’ll stick to…
Crypto Gets a Boost from a Powerful Politician Senator Tim Scott, a Republican from South Carolina, made a big splash at the Bitcoin 2024 conference. He’s a powerful figure in the Senate, and he’s pushing hard for the government to support the crypto industry. He even called out the SEC Chair, Gary Gensler, saying he’s…
Big banks are preparing for a potential wave of customer defaults as economic uncertainty grows. JPMorgan Chase, Bank of America, and Wells Fargo are all increasing their financial reserves to cover potential losses from credit card and loan defaults. JPMorgan Chase is leading the charge, increasing its reserves by a whopping $1.17 billion. The bank…
Crypto investor Chris Burniske thinks Ethereum (ETH) could see a sudden price jump this year. He says that traditional investors might suddenly realize how good Ethereum is and start buying it up, leading to a big rally. Ethereum’s Potential: Growth Asset with a Dividend? Burniske thinks Ethereum’s fundamentals are strong, comparing it to a “growth…
A massive data breach has affected over 7.6 million customers of Evolve Bank & Trust, exposing their personal information. The hack, carried out by the notorious Russian group LockBit, has also impacted several other financial companies that work with Evolve. What Data Was Stolen? The stolen data includes sensitive information like: Names Social Security numbers…
A popular crypto analyst is sounding the alarm for altcoin investors. Bitcoin Could Take a Dive The analyst, known as Credible Crypto, believes Bitcoin could drop by as much as 22% from its current price. If this happens, it could spell trouble for altcoins. “If Bitcoin starts to fall and hits $53,000, expect a big…
Solana (SOL) has been on a tear lately, and everyone’s talking about its potential. But will it actually reach new highs? A recent survey by CoinGecko suggests that most crypto investors are pretty cautious about Solana’s future. Most Investors Think $300 is the Limit The survey asked over 2,500 people about their price predictions for…
Two Hong Kong crypto influencers are now on the run after Interpol issued a Red Notice for their arrest. The influencers, known as “Coin Young Master” (Wong Ching Kit) and Mok Tsun Ting, are accused of theft, fraud, and money laundering. A History of Fraud These influencers have a history of shady dealings. Wong gained…
