Day: August 6, 2024

Bitcoin Price (BTC) Rises 3.1% and Ether Price Gains 2.6% as CoinDesk 20 Index Sees Broad Rally

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Helium Stays Afloat With 20% Gains Amid Crypto Market Mayhem

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After the market’s extreme overreaction yesterday, Helium, and the entire crypto market, booms in value. According to the latest market data, HNT rocketed up by 31% in the past 24 hours representing a strong flip from bearish to bullish.  Related Reading Helium’s recent performance can be attributed to a strong investor base, built over the years by constant innovation that was only overrun by market anxiety since the market’s correction phase. Despite this, the platform has continued to innovate despite the lingering bearishness still felt today.  Helium Mobile Users Skyrocket,…

Ethereum (ETH) ICO Investors Join New Cryptocurrency Built On ETH Blockchain

As Ethereum (ETH) continues to drive innovation in the cryptocurrency space, a new player is emerging that’s catching the eye of ICO investors: Mpeppe (MPEPE). Built on the Ethereum (ETH) blockchain, Mpeppe (MPEPE) is capturing attention for its unique blend of sports enthusiasm, blockchain innovation, and meme culture. Here’s why Ethereum (ETH) ICO investors are flocking to this new cryptocurrency. Mpeppe (MPEPE): A Fusion of Sports Passion and Blockchain Innovation Ethereum (ETH) has long been celebrated for its pioneering role in smart contracts and decentralized applications. The Ethereum (ETH) blockchain…

3 Reasons Why Solana (SOL) Whale Joins New Cryptocurrency Priced $0.00107

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Solana (SOL) whales are making waves by investing in a new and exciting token—Mpeppe (MPEPE). Currently priced at $0.00107, Mpeppe (MPEPE) is catching the attention of high-profile investors and traders within the Solana (SOL) community. Here’s why this emerging cryptocurrency is attracting such significant interest and how it’s set to make a substantial impact. Mpeppe (MPEPE)’s Decentralized Finance (DeFi) Bridging DeFi and Sports Passion Mpeppe (MPEPE) is a unique decentralized finance (DeFi) coin that combines soccer and decentralized finance principles, offering features like staking, yield farming, and liquidity mining, providing…

Solana (SOL) Drops 27.4% As Solana (SOL) Memecoin Rival Gains 310% In Weeks

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The cryptocurrency market is in a state of flux as Solana (SOL) experiences a significant drop of 27.4%, while a new memecoin rival, Mpeppe (MPEPE), has seen an extraordinary gain of 310% in just a few weeks. This stark contrast highlights the dynamic nature of the crypto space and the rising prominence of Mpeppe (MPEPE). Here’s a closer look at the factors driving this shift and why Solana (SOL) investors are taking notice of this new player. Solana (SOL)’s Recent Struggles: A 27.4% Drop Market Dynamics Affecting Solana (SOL) Solana…

3 Reasons Ethereum (ETH) Investors Are Buying Mpeppe (MPEPE) Over ETH ETF

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As Ethereum (ETH) continues to shape the cryptocurrency landscape, a new player is emerging that’s catching the attention of seasoned investors. Mpeppe (MPEPE), a groundbreaking meme cryptocurrency, is drawing significant interest from those who previously focused on Ethereum (ETH) and its associated financial products like ETFs. Here’s why Ethereum (ETH) investors are turning their attention to Mpeppe (MPEPE) instead of traditional ETH ETFs. Mpeppe (MPEPE): A Fresh Take on Cryptocurrency Investment Ethereum (ETH) has been a cornerstone of the cryptocurrency world, known for its smart contracts and decentralized applications. However,…

Anchorage Adds Custody for Solana (SOL) Based Tokens

All those memecoins are likely a long way away from getting custody support on Anchorage, despite its expansion for SPL assets. It is only accepting a handful of assets initially including USDC, HNT, W, PYTH and MPLX. Anchorage will add more pending customer demand and due diligence reviews. Source

US ETH ETFs Draw $48.73M on Monday; Grayscale’s $46.84M Outflow Dampens Impact

On Monday, U.S. spot ethereum exchange-traded funds (ETFs) recorded their second-highest inflows since their inception. Approximately $48.73 million was added, yet the nine funds collectively remain in the red, with a deficit of $461.98 million, primarily due to significant outflows from Grayscale’s Ethereum Trust. Blackrock Leads $48.73M Inflows for U.S. ETH ETFs as Crypto Market […] Source CryptoX Portal

Crypto Rebounds From Monday’s Chaos

Spot ether ETFs saw nearly $49 million of inflows on Monday, even as the ETH price dropped as much as 20%. Ether suffered its biggest single-day drop since 2021, as Jump Crypto moved large amounts of assets to exchanges ahead of potential sales. Professional investors appeared to buy the dip, however, with ETH ETFs trading over $715 million, the highest since July 30. The ETFs remain in the red, however, having recorded net outflows of $460 million since their introduction. Their bitcoin equivalents, in comparison, saw over $1 billion of…