Sam Bankman-Fried, the former FTX founder, was handed a 25-year prison sentence by Judge Lewis Kaplan in the Southern District of New York, marking...
read more
Ethereum Memecoin $PEPE Surges As Whales Accumulate Profits
The Ethereum memecoin $PEPE has seen a remarkable surge, hitting an all-time high of $0.00001127 today with a market cap surpassing $4.5 billion. This represents a significant gain of over 11% for the day and 32% over the past 7 days, making it the second largest crypto memecoin in the
read more
Coinbase ‘On Top Of It’ Despite Withdrawals Not Processing For Users
Coinbase users claim they can’t make withdrawals of their funds from the world’s second largest exchange despite it announcing it had ‘fully recovered’ after a system-wide outage. The platform suffered The post Coinbase ‘On Top Of It’ Despite Withdrawals Not Processing For Users appeared first on BitcoinWorld .
read more
Zeta Markets Secures $5 million For Solana DeFi Expansion
Decentralized exchange (DEX) for perpetual trading Zeta Markets has completed a strategic $5 million funding round for Solana DeFi expansion. The funding was led by Electric Capital and with contributions The post Zeta Markets Secures $5 million For Solana DeFi Expansion appeared first on BitcoinWorld .
read more
Crypto Proponent Says $1.98 XRP Price Rebound Looms. Here’s why
Armando Pantoja, a crypto investor and influencer, recently stated on X that an imminent rebound is on the horizon for XRP, adding that the coin could soon hit $1.98. The crypto influencer cited a spike in XRP network activity, underscoring the significant interplay between crypto assets price actions and transaction volumes. Read Also: XRP to The post Crypto Proponent Says $1.98 XRP Price Rebound Looms. Here’s why appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News .
read more
CoinShares’ AUM Tops $6B Following Valkyrie ETF Acquisition
Digital asset investment firm CoinShares has reported billions in assets under management (AUM) and a record surge in revenue, gains, and other income in its Q1 earnings report. The impressive The post CoinShares’ AUM Tops $6B Following Valkyrie ETF Acquisition appeared first on BitcoinWorld .
read more
Dogecoin Derivatives Volume Jumps 111% As Open Interest Spikes, But What About Price?
A number of Dogecoin metrics have turned bullish in the last few days, showing increased interest from investors. This ranges from the meme coin’s daily derivatives trading volumes to its open interest seeing a significant increase. However, in the midst of this, the Dogecoin price has remained limp, sparking worries among investors. Dogecoin Derivatives Volume And Open Interest See Increase One of the major Dogecoin metrics that has seen a significant increase recently is its derivatives trading volume. The trend began on Monday when the derivatives trading volume saw a 60% uptick. However, it seems DOGE traders are far from done as the volume has almost doubled since that time. Related Reading: Analyst Points Out Level To Beat If Bitcoin Is To Reach $76,000 According to data from Coinglass, the Dogecoin derivatives trading volume is up 111% in the last day alone. This has pushed the derivatives trading volume to $3.85 billion, a significant increase from the $1.99 billion that was recorded on Monday. The launch of Dogecoin futures contracts by Coinbase, the leading crypto exchange in the United States, may have something to do with this. Following the launch on April 1, 2024, the meme coin has seen increased interest in its derivatives products, which explains the increase in the volume. However, the derivatives trading volume is not the only thing that has seen an uptick during this time. As Coinglass data shows, the Dogecoin open interest has also risen significantly during this time. It has seen an approximately 12% increase in the last day to touch above $830 million. Despite this increase in the Dogecoin open interest, it is still a long way from its all-time high of $1.91 billion that was recorded on March 29. So, the current open interest of $830 million represents an over 50% decline from its all-time high. At the same time, the DOGE price is still struggling, showing a disconnect between the rise in metrics and the price of the meme coin. DOGE Price Doesn’t Respond To Bullish Metrics The Dogecoin price has remained muted during this time, even with the increased momentum. The total daily trading volume of the meme coin is up 128% in the last day. However, its price has barely moved 4%, even amid the meme coin craze sparked by the GameStop (GME) 100% rally. Related Reading: Analyst Who Predicted Solana’s 1,100% Move Reveals Where The Altcoin Is Headed Next DOGEs price has barely moved during this time and the resistance at $0.15 is waxing stronger. This suggests that the focus is no longer on Dogecoin during meme coin craze and rather on newer counterparts such as Solana-based GME and AMC, which have seen incredible rallies in the last day. At the time of writing, the DOGE price is trending at $0.49, with a 3.48% increase in the last day. However, in the longer time frame, the meme coin is struggling with 5.79% and 4% losses on the weekly and monthly charts, respectively. Featured image from New York Magazine, chart from Tradingview.com
read more
TON Outperforms Bitcoin By 118%: What’s Driving The Network?
TON has outperformed Bitcoin (BTC) and other crypto assets this year following positive developments from the network and surging on-chain transactions. A new report by on-chain analytics firm CryptoQuant shows a high-flying performance of TON as its performers soar to year-to-date (YTD) highs. $TON is among the best-performing layer 1 blockchains in 2024 “Since the The post TON Outperforms Bitcoin By 118%: What’s Driving The Network? appeared first on CoinGape .
read more