There was an NFT puzzle hunt called Hashquests. It had 5 prizes of iirc up to 20 ETH (?) each, with every NFT sold increasing the prize pool. It only sold a handful of its NFTs and was rugpulled. Still there is a small prize and 3 of the 5 prizes are still unclaimed. Is…
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The transfer represents the first significant on-chain movement from Mt. Gox-related wallets in the past five years, ahead of the October 2024 repayment deadline.
David Bailey, CEO of Bitcoin Magazine and a cryptocurrency aide of the Trump campaign, revealed that the former president asked if Bitcoin could be leveraged to solve the U.S. national debt problem. During an X space on Sunday night, Bailey revealed that the first time he met Trump, he asked if Bitcoin could do anything […]
A DDoS attack can severely compromise the security of a blockchain network by taking down nodes and bloating the network with fraudulent transactions.
The price of bitcoin (BTC) fell sharply after Mt. Gox, the infamous cryptocurrency exchange that went bankrupt a decade ago, began moving billions worth of the cryptocurrency to a new wallet, Mt. Gox’s first bitcoin transfers in five years. So far the transactions total at least $9 billion worth of bitcoin. Bitcoin’s value dropped below […]
Open Interest refers to the total amount of pending derivative contracts that have not yet been settled. In a futures contract, for every seller, a buyer is required to settle the contract.
Central banks are increasingly adopting generative AI for cybersecurity, with a BIS report indicating that 71% are already using it and more planning to follow.
Floki, the self-proclaimed “Doge Killer,” is taking a bite out of the memecoin market with a bark and a marketing blitz. The Shiba Inu-inspired cryptocurrency announced plans for its most aggressive marketing campaign yet, sending its token price skyrocketing. Related Reading: Red Hot Chiliz: Analyst Predicts 4x Your Money With Upcoming Breakout Floki’s Aggressive Marketing Push Floki’s marketing director, Sabre, remained tight-lipped about the specifics, but promised the upcoming effort would dwarf anything they’ve done in the past two years. This news, coupled with the announcement of Floki futures trading on Coinbase coming May 30th, fueled a 24-hour price surge of 22%, propelling Floki to the top of the memecoin heap. Shout out to those with longer term memories that know what to expect from #Floki and our ™ moves. With the experience and knowledge to navigate the toughest challenges, we are gearing up to announce our biggest marketing activations in over 2 years across the coming months📍 pic.twitter.com/UOo4awAD8o — Sabre (@SabreEthereum) May 27, 2024 This is basically Floki strapping on its jetpack and aiming for the moon. The marketing blitz shows they’re serious about taking over the memecoin space, and Coinbase listing futures is like getting a thumbs-up from the crypto trailblazers themselves. According to Sabre, the upcoming marketing push will help Floki in “dominating” the memecoin field and achieving its objective of becoming the “most widely utilized cryptocurrency in the world.” Floki isn’t the only dog chasing its tail in the memecoin race. Coinbase is also adding rival memecoins Shiba Inu and Bonk to its futures roster. But with Floki leading the pack in price gains, it seems to have stolen the early show. The price rally marks a significant turnaround for the coin. After bottoming out in April, the token has been on a steady climb, but Monday’s announcement ignited a breakout, pushing prices to an 11-week high. This represents a staggering 160% increase since mid-April. However, analysts caution that Floki’s victory lap might be premature. The memecoin market is notoriously fickle, and external factors like economic headwinds and the ever-present threat of dogecoin dominance could throw Floki a curveball. Additionally, the success of Floki’s marketing campaign remains a mystery. Floki: Market Performance The memecoin’s most recent major marketing campaign targeted visitors in New York’s Times Square, where the brand was emblazoned on screens near the Nasdaq billboard for two months, starting on March 15. Today, the price of FLOKI is $0.00027, with a 24-hour trading volume of $1,025,844,340.44. This marks a 27.82% increase over the past week. With a circulating supply of nearly 10 trillion, the market cap stands at $2.6 billion. Related Reading: Chart Whisperer Spots Algorand Breakout: Get Ready For A 50% Rally Featured image from iStock, chart from TradingView
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In a recent post on X, renowned crypto analyst Alex Wacy outlined his perspectives on the current state of the crypto market and his top pick for an “under-the-radar” altcoin following the recent price surge of Ethereum. Despite its position as the 9th largest cryptocurrency by market capitalization, Wacy remains bullish on the potential of Toncoin (TON), a third-generation blockchain. “Altseason is coming while Ethereum shines. Now is the time to pick your biggest bets with high conviction. L1s are about to boom, and here is my under-radar pick!” Wacy declared. He emphasized the significance of Layer 1 (L1) and Layer 2 (L2) blockchains as foundational elements for mass crypto adoption, due to their role in supporting various projects and infrastructure. “Watching various projects, one realizes that L1 is the most clear and simple thesis for retail,” he added. Related Reading: Ethereum Shifts Gears: Breaks Key Resistance, New All-Time Highs Next TON, originally developed by the Telegram team and later transitioned to an independent developer community, is recognized for its high performance and scalability. One of its standout features is its deep integration with the Telegram messaging app, which boasts over 900 million monthly active users. This integration is seen as a crucial lever for widespread crypto adoption. In terms of recent achievements, the TON ecosystem has shown remarkable growth. The blockchain’s Total Value Locked (TVL) has increased fifteenfold in the last three months, and the price of TON has tripled. This surge is accompanied by a flurry of positive developments and new listings. One notable project within the TON ecosystem is Notcoin (NOT), a Web3 gaming project that has quickly gained traction. Since its launch earlier this year, Notcoin has attracted a vast user base, reaching 35 million players who engage with the game to mine tokens. These tokens were recently converted into NOT coins and listed on exchanges. “On May 16, the day of the listing, approximately 13 million unique Notcoin users received NOT, making it the largest meme token by number of holders,” Wacy highlighted. Remarkably, NOT is outpacing all other memecoins like DOGE (4.8 million holders), SHIB (1.4 million holders), BONK (720,000 holders) and PEPE (220,000 holders). Related Reading: Is Solana Becoming The Preferred Choice For Ethereum Developers? SOL’s Uptrend Suggests A Shift Further bolstering TON’s appeal, the blockchain recently introduced the native support of USDT (Tether), providing an accessible platform for Telegram’s massive user base to engage in peer-to-peer payments. This development aligns with TON’s strategy to facilitate seamless integration of Web3 services into everyday activities. Wacy also shed light on the Open League, a long-term incentive program designed to foster competition and collaboration among TON projects. The program, now in its third season, distributes millions of Toncoin to participants, boosting ecosystem engagement. In addition, the STON.fi decentralized exchange (DEX) on TON has emerged as a leader in terms of ease of use and integration. Its USDT/TON pool recently surpassed $100 million in TVL, only four weeks after the launch of USDT on the network. “The TON/USDt pool is currently boosted with 105% APY, attracting significant investments,” Wacy noted, mentioning a recent funding round led by CoinFund among other investors. As the TON ecosystem continues to expand and evolve, it is clear that its combination of technological innovation, strategic partnerships, and community engagement positions it as a formidable player in the blockchain space. Alex Wacy’s endorsement underscores the potential for TON to lead the market on the back of an altcoin season sparked by the recent rise of Ethereum. At press time, TON traded at $6.33. Featured image created with DALL·E, chart from TradingView.com
