Solana-based cryptocurrency Beercoin has begun to show weakness after monumental early success. However, another Solana-based meme coin, Sealana, is just days out from its exchange launch, and analysts are hopeful that it could explode next. BEER Plunges Over 30% as Crypto Prices Tumble It’s been a challenging time for anyone who bought Beercoin this week […] Source BitcoincryptoexchangeExchanges CryptoX Portal
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Crypto funds witnessed outflows last week after recording five weeks of consecutive inflows. According to CoinShares data, digital asset funds saw $600 million in net outflows for the week ending June 14. The outflows were concentrated in Bitcoin and Solana funds, which saw $621 million and $0.2 million exits, respectively. These outflows come amidst a corresponding drop in the price of Bitcoin throughout the week and a more hawkish-than-expected Federal Open Market Committee (FOMC) meeting held during the week. Crypto Funds Bleed Largest Since March, With Bitcoin In The Lead…
Infineo, a company that focuses on blockchain-based life insurances, said Tuesday that it has transferred the “first-ever” tokenized life insurance policy on distributed ledger system. The firm minted a total of $9.4 million worth of policies using the Provenance network, according to a press release reviewed by CoinDesk. Source link
The price of bitcoin (BTC) fell below the $65,000 mark on Tuesday, reaching a low of $64,050 on Bitstamp. At 10:10 a.m. Eastern Time, BTC was trading at around $64,624 per coin. The last time BTC was in this price range was mid-May. Over the past 24 hours, $68.3 million in bitcoin long positions have […] Original
At the World Digital Mining Summit in Las Vegas, Bitmain, a leading manufacturer of application-specific integrated circuit (ASIC) bitcoin mining rigs, introduced two new mining machines. Both models—one air-cooled and one hydro-cooled—boast an efficiency rating of under 14 joules per terahash. Bitmain Introduces S21 XP and S21 XP Hydro Bitmain’s new Antminer S21 series mining […] Original
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin surges to $69,430 amid CPI and Fed rate news, while 5thScape’s presale gains significant investor attention. The cryptocurrency market experienced a surge on Wednesday, particularly in Bitcoin, as investors awaited the release of the US CPI figures. With the price of BTC at $69,430 during the US session, there is the possibility of gains this week. Hopes of a rate cut by the Fed also supported markets along…
A memecoin inspired by Cardano founder Charles Hoskinson’s pet pig Nike has captured the community’s attention. Within just 12 hours of Hoskinson‘s post on X, NIKE’s market capitalization soared close to $1 million, underscoring the volatile and often unpredictable crypto market dynamics. Cardano Founder Sparks New Memecoin The genesis of the NIKE token was a simple, casual tweet by Hoskinson, featuring his pet pig, Nike. The tweet rapidly captured the imagination of the Cardano community, leading to the creation of a new memecoin named NIKE. Fun Fact: I have a…
The money will be used for growth initiatives for the Sonic protocol, which comes with “built-in mechanisms designed specifically for game development and execution on Solana, such as a sandbox environment, customizable gaming primitives and extensible data types, all while boasting the fastest on-chain-gaming experience,” according to the press release. Source
U.S. spot bitcoin exchange-traded funds (ETFs) experienced their third consecutive day of outflows on Monday, losing over $145 million. Fidelity’s FBTC continued to lead the outflows with $92 million exiting the fund on June 17. Fidelity’s FBTC and Ark Invest’s ARKB Among Biggest Losers During Monday’s Outflow According to sosovalue.xyz metrics, U.S.-based spot bitcoin ETFs […] Original