Day: May 23, 2024

BTC, ETH Consolidate Ahead of Ether ETF Decision

Shares in Nvidia reached a record high during Wednesday’s post-market hours after the company beat analyst estimates to report record revenue of $26.04 billion for the first quarter. The rally might be a positive signal for cryptocurrencies, including tokens supposedly associated with AI technology. This is because, historically, the inflow of money into the crypto market and the so-called AI coins has been partly contingent on outsized gains in NVDA and the tech-heavy Nasdaq index. Top AI coins such as FET, ICP, RNDR and GRT traded mixed, having rallied in…

Non-Empty USDC And USDT Wallets See 13.9% And 15.7% Spike, Why This Is Good For Crypto

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Non-empty wallets for stablecoins such as Circle’s USDC and Tether’s USDT have been on the rise for a while now as crypto prices have recovered since the start of the year. This has come to a head as the non-empty wallets have grown double-digits in a very short time. While this could point to recent selling, it is also quite bullish for crypto going by historical performances. Non-Empty USDT And USDC Wallets Jump 13.9% According to the on-chain data tracking platform Santiment, there has been a significant shift in the…

HAQQ-evmOS Integration Enables Cross-Chain With Cosmos, Ethereum

May 23: HAQQ Network, describing itself as an “ethics-first Web3 DeFi ecosystem with one of the highest daily active user counts on Cosmos,” announced a “key partnership with evmOS, an EVM-compatible tech stack. Integration of evmOS functionality into HAQQ Network enables cross-chain compatibility with the Cosmos and Ethereum networks, providing HAQQ users and developers access to a broader range of DeFi functionalities.” Source

Crypto Whales Pile into New Solana Project Thotiana – Next 100x Meme Coin?

PRESS RELEASE. May 23rd, 2024. In an exciting development within the cryptocurrency market, Solana’s newest meme coin, $Thot, is rapidly gaining attention from investors worldwide. In just under a week, this meme coin has attracted over $100,000, marking its place in the competitive landscape of meme-based cryptocurrencies. $Thot, affectionately known as Thotiana, is leading a […] Source CryptoX Portal

Community angry after Coinbase taps USDC to celebrate Bitcoin Pizza Day

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In a bid to demonstrate cheap payments with USDC, Coinbase faced backlash from the Bitcoin community for not selling pizzas for BTC during Bitcoin Pizza Day. Cryptocurrency exchange Coinbase came under fire from the Bitcoin community for its unconventional celebration of Bitcoin Pizza Day, opting to sell pizzas exclusively for USDC instead of Bitcoin, triggering a wave of criticism. On May 22, Coinbase launched its celebration by rolling out the Coinbase Pizza Truck in New York, offering pizza slices for $1. However, the only catch was that the exchange only…

Tiny Pepe, Big Dreams: Memecoin Explodes

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Pepe the Frog, once an internet darling turned controversial meme, is making a splashy comeback – this time, in the world of cryptocurrency. PEPE, the memecoin inspired by the amphibian, has seen a meteoric rise in 2024, leaving established giants Dogecoin and Shiba Inu in its dust. Related Reading From Feels To FOMO: PEPE’s Outperformance PEPE recently shattered its all-time high, reaching a dizzying $0.000014. This impressive feat comes alongside a staggering 900% year-to-date growth, dwarfing the gains of Dogecoin (DOGE) and Shiba Inu (SHIB) This outperformance has crypto investors…

ETH to BTC trader exposure ratio increased ahead of ETF approval

As the expectations of the spot Ethereum (ETH) exchange-traded fund (ETF) approval come closer, traders place bigger bets on ETH rather than Bitcoin (BTC). According to a CryptoQuant report shared with crypto.news, the ETH-BTC open interest ratio has increased from 0.54 to 0.67 over the past week. This shows traders are getting a higher exposure to Ethereum rather than Bitcoin due to the expectations of the spot ETH ETF approval. Data from Santiment shows that the ETH total open interest is currently standing at $8.53 billion. The total funding rate…