Profit taking ahead of the halving, due later this week, and macroeconomic tremors weighed on the market since late Friday, with bitcoin dropping from last week’s highs around $70,500 to as low as $62,800. That caused a market-wide decline as majors dropped as much as 18%. Original
MEME COIN GENERATOR GO BRRR… In last week’s The Protocol, we made the point that blockchain teams have, generally speaking, succeeded in coopting the über-power of printing one’s own money, long reserved for governments and banks. An integral element of the process are the various “launchpads” that teams use to spin up their new tokens. In an article this week, CoinDesk’s Shaurya Malwa highlighted a project called Pump, which in the short period since going live last month has already earned $5 million in fees – partly due to the…
Fantom’s Cronje is the latest in a line of blockchain teams that are open to directly engaging with memecoins. Source
As Bitcoin (BTC) continues its upward trajectory, regaining its bullish momentum after brief range-bound price action and inching closer to its all-time high (ATH) of $73,700, crypto analyst Miles Deutscher shared insights on several altcoins to watch for potential gains this week. Altcoins With Strong Potential First, Deutscher observes a robust recovery in Bitcoin following its recent dip below the $65,000 level on April 3rd. The analyst notes that Bitcoin’s structure appears positive, with $73,8000 being the critical level to watch as it represents the previous ATH and the cryptocurrency’s…
U.S. crypto-related stocks looked set to start the week on a positive note after bitcoin (BTC) climbed through $72,000 for the first time since mid-March as its reward halving draws closer. Coinbase (COIN), the only U.S. traded crypto exchange, gained 4.9% in pre-market trading, MicroStrategy (MSTR), the largest corporate holder of bitcoin, rose 10% and BlackRock’s bitcoin exchange-traded fund (IBIT), added around 6.5%. Bitcoin advanced 4.4% over 24 hours while the CoinDesk 20 Index, a measure of the broader crypto market, rose 4.1%. Other tokens rising on Monday included meme…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Koala Coin (KLC) is launching an enticing presale at just $0.014, with an ambitious aim for a 110X gain, captivating Bitcoin and Ethereum Classic enthusiasts. This unique offering shines brightly in the crypto community, appealing to those seeking long-term investment options. The Koala Coin presale is encouraging a pivot to investing without compromising on the potential for substantial returns. Koala Coin (KLC): A unique blend of whimsy and wealth…
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“Choice means the right for a wallet developer to institute a block list,” Austin Federa, the Solana Foundation’s head of communications, said during the panel. “Almost every wallet in every ecosystem filters out spam NFTs and spam tokens. Users always have the ability to reveal something if they want to, but the core network needs to remain permissionless.” Source
Maartje Bus, Vice President of Research at Messari, a prominent crypto market intelligence company, has declared meme coins as the Trojan Horse of the cryptocurrency space. She has highlighted their potential to foster massive adoption and increase engagement within the cryptocurrency space. Why Meme Coins Are Crypto’s Trojan Horse For Adoption Speaking at BUIDL Asia, a global developer community in Seoul, South Korea, on Thursday, March 28, Bus gave a presentation on the emerging trends in crypto in 2024. The Messari crypto executive had primarily focused on the impact and…
It’s not something we have historically written a lot about – bridging yields. But a new report from the crypto investment firm Exponentia.fi included a chart on these yields, and it caught our eye because they’ve been rising fast recently, pushing above 15%. Co-founder Mehdi Lebbar attributes the rising yields to higher demand from users, in part a reflection of the trend toward greater interoperability between blockchains, along with the proliferation of layer-2 and layer-3 networks. “As the DeFi ecosystem extends across networks, third-party bridging protocols like Across and Synapse…