Day: June 7, 2024

ICE’s crypto marketplace Bakkt exploring sale

Crypto warehouse Bakkt is reportedly exploring a potential sale amid increased crypto-related takeover activity. Bakkt, a crypto custody and trading platform for institutional investors, appears to be evaluating a potential sale, Bloomberg has learned, citing sources familiar with the matter. The report comes at a time when the crypto market is seeing a spike in acquisition activity. Notably, fintech brokerage firm Robinhood recently announced its intention to acquire European crypto exchange Bitstamp for $200 million. Additionally, American Bitcoin mining giant Riot Platforms is exploring options to acquire its Canadian rival…

Is BRETT The New Meme Coin King? Token Surges 300% And Nears $2 Billion Market Cap

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As the overall sentiment in the crypto market veers towards bullishness, leading cryptos have regained their previously lost levels and ignited further interest in meme coins. Brett (BRETT) has emerged as the standout performer, experiencing a 400% gain in the past 30 days alone.  Having launched just three months ago, BRETT now boasts a market cap of $1.7 billion, positioning itself as the top gainer in the top 100 spot of the market. The Largest Meme Coin On The Base Network BRETT is a meme coin built on the Base…

Hulk Hogan’s $17M Rug Pull Allegations

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Celebrity memecoins have been the talk of the town for the past two weeks. A trend that resurged at the end of May quickly became one of the biggest narratives around the crypto community. Related Reading The industry has seen controversies, rug pulls, and Vitalik Buterin’s thoughts on the celebrity token frenzy. In the phenomenon’s most recent development, WWE wrestler Hulk Hogan beefed with Australian rapper Iggy Azalea. Celebrity Memecoins A Week Later Despite the trend starting around May 20 with influencer tokens, celebrity tokens didn’t gain mainstream traction until…

Aptos integrates dWallet for expanded multi-chain operability

Multi-chain-focused protocol dWallet has announced its arrival on the layer-1 blockchain to enhance the user experience in DeFi and web3 gaming.  Expanding dWallet’s technological stack to Aptos primarily aims to introduce Zero Trust Protocols (ZTPs) to the decentralized L1 network, enhancing native multi-chain interoperability within the Aptos ecosystem.  dWallet Network co-founder Omer Sadika highlighted that the partnership with Aptos allows users to conduct native Bitcoin (BTC) and Ethereum (ETH) transactions to the chain without the need for bridging or token wrapping requirements. “Doing so broadens horizons for defi and gaming”…

Inverted Hammer Appears On The XRP Price Chart, Crypto Analyst Picks First Target Of $0.75

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Crypto analyst Egrag Crypto has revealed a bullish pattern that recently formed on the XRP price chart. The analyst also revealed how high the crypto token could rise once it makes this move to the upside.   Inverted Hammer Forms On The Chart Egrag highlighted an Inverted hammer that had formed on XRP’s chart while noting how bullish this was for the crypto token. He claimed that last month’s candle formation showed a 75% Inverted Hammer at the bottom, which is “super bullish” for XRP. Egrag believes this is an “amazing…

The Crypto Open Patent Alliance Seeks 85% Of Costs Paid in Craig Wright Case and for Wright to Be Prevented From Taking Others to Court

“What if Dr. Wright sent an email to a medical professional asserting he was Satoshi – that’s a publication of a statement,” Craig Orr, Wright’s lawyer said, adding that the suggestion that Wright take down all his posts was “parasitic.” His defense also asked that the amount Wright pays be brought down to 70% of the costs COPA incurred. Source

New York AG Pushes Back Against DCG, Silbert’s Motion to Dismiss Fraud Case

DCG and Silbert have denied that the promissory note was a sham. In their motions to dismiss, lawyers for DCG and Silbert claimed that the note was fully vetted and binding, adding that, in addition to the note, DCG transferred hundreds of millions of dollars and assets into Genesis to fill the hole in its balance sheet. The tweets reassuring investors of Genesis’ “strong” balance sheet, they argued, were simply “corporate puffery” – not lies. Source

Extreme Greed Has Returned In Crypto

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Data shows that cryptocurrency investors’ sentiment has surged to extreme greed recently, a sign that may not be ideal for Bitcoin. Bitcoin Fear & Greed Index Is In The Extreme Greed Territory Right Now The “Fear & Greed Index” is an indicator created by Alternative that keeps track of the average sentiment present among the traders in the Bitcoin and wider cryptocurrency market. The index represents this sentiment as a number between zero and 100. To calculate the score, the metric takes into account five factors: volatility, trading volume, social…