WIF pieces have surged in the past hour as X users found out the trader user now holds the original image. Source
Influential Trader GCR Buys Original Dogwifhat Meme for $4M; WIF Rises
Day: March 18, 2024
Solana Meme Coin ‘Presales’ Lure $100M on Pull of Easy Gains
Raising millions of dollars appears not to require a working product, a white paper, a long-term plan or even a meme picture in some parts of the crypto market. These days, a simple post on X announcing a so-called presale can attract millions of dollars in Solana’s SOL token. Source
Nigerian Fintech Startup Chipper Cash Lays Off Employees in US, UK
The Nigerian fintech startup, Chipper Cash, recently abolished the roles of 20 workers based in the U.S. and U.K. The CEO Ham Serunjogi said this decision aligns with its goal of maintaining high operational efficiency and moves the startup closer to profitability. Layoffs Set Chipper Cash on Course for Positive Cash Flow in the First […] Source CryptoX Portal
Ether.Fi’s ETHFI Token Debuts at $4.13 After Airdrop and Binance Launchpad Distribution
At the time of writing, ETHFI is trading at $3.60 on Binance and recorded a trading volume of over $118 million in the first 45 minutes of trading. The token had a fully diluted value (FDV), the market value of a token if the entire supply ends up in circulation, of $3.6 billion. Source
Bitcoin Approaches Risky Territory As Halving Event Draws Near
The price of Bitcoin has been on a downward trend since it reached a new all-time of $73,000, ushering in a wave of speculations regarding the crypto asset’s next direction in the short term. In the past few days, Bitcoin’s recent dip has triggered a general crypto market retracement. With the Bitcoin Halving event fast approaching, many crypto analysts are anticipating a further decline in BTC’s price in the near future. Bitcoin Poised For “Danger Zone” Ahead Of Halving Event Popular cryptocurrency trader and analyst Rekt Capital has shared a…
Bitcoin (BTC) Prices Could Cross $80K by Year End, Binance’s Richard Teng
Family offices and endowment funds will also increase their investment in bitcoin ETFs in the near term, the report said, citing Teng. Teng was speaking at an event in Bangkok on Sunday and also said the rally won’t be a “straight line,” and the ups and downs will be good for the market, the report said. Source
XRP On The Radar As Trading Begins On US-Backed Exchange
XRP has been listed on Atlantis Exchange, a platform registered with the U.S. Department of the Treasury. This development comes at a time of regulatory uncertainty surrounding cryptocurrencies, with potential implications for market dynamics and investor sentiment. XRP Trading On Atlantis Exchange Atlantis Exchange announced the inclusion of XRP among its supported cryptocurrencies, with trading commencing on March 17 at 5:00 AM UTC. Users can trade the altcoin with the USDB trading pair, offering increased liquidity and accessibility for traders. Despite the listing, the platform currently supports XRP deposits via…
Standard Chartered Raises Year-End BTC Forecast to $150K, Sees 2025 High of $250K
“In 2025, we see the ETH-to-BTC price ratio rising back to the 7% level that prevailed for much of 2021-22,” Standard Chartered said in a separate note. “Given our estimated BTC price level of USD 200,000 at end-2025, that would imply an ETH price of $14,000.” Source
Binance launches investigation into BOME insider trading allegations
Crypto exchange Binance recently announced the initiation of a detailed investigation into the claims concerning Book of Meme (BOME), a Solana-based meme coin. This move came in response to allegations and community discussions about possible insider trading linked to the “BOME rat warehouse” incident. The exchange made an official statement on the X platform highlighting its commitment to market fairness and transparency and emphasizing the immediate start of an internal inquiry following these allegations. The announcement from Binance indicated that the investigation was triggered by concerns over potential insider trading…
Nigeria’s Securities Regulator Wants to Hike Crypto Firm Registration Fees by 400%
The proposed amendments to the rules for crypto issuers, exchanges and custody platforms include increases to all supervision fees. Instead of a 100,000 naira ($64) application fee and a 30 million naira registration fee, the Securities and Exchange Commission (SEC) now wants 300,000 naira with every application and hopes to charge crypto firms a 150 million registration fee. Source