Author: Yeek.io

A crypto millionaire who has made a fortune trading popular Solana meme coins has bought another one despite the ongoing weakness in the market. According to Lookonchain, the investor made $7.5 million investing in Dogwifhat (WIF), the third-biggest Solana (SOL) meme coin. The token’s market cap was $58 million, which has grown to $1.5 billion. The millionaire also made $1.2 million by investing in Peanut the Squirrel (PNUT) when it had a market cap of $460 million. According to CoinGecko, the token’s market cap peaked at over $2.2 billion. He has now invested in Pippin (PIPPIN), a new Solana meme…

This week, the broader cryptocurrency markets struggled to maintain their values amid a resurgence of the consolidation trend. Early this month, the majority of crypto tokens, led by Bitcoin, renewed uptrend momentum. However, new surprises emerged this week as most markets remain stagnant.   One interesting thing is that this stagnation has not overpowered the listing gains of Cookie DAO (Cookies), aixbt by Virtuals (AIXBT), and ChainGPT (CGPT). Why whales are grabbing Cookies, AIXBT, and CGPT According to data shared by Onchain Lens, Binance listed three new cryptocurrencies (Cookies, AIXBT, and CGPT) on its trading platform today, January 10, 2025. These…

Follow Nikolaus On 𝕏 Here For Daily Posts One year ago today, Gary Gensler and the Securities and Exchange Commission (SEC) finally capitulated and approved the trading of spot bitcoin exchange traded funds (ETF) to go live the next day. These ETFs would go on to be the best performing ETFs in history, with BlackRock’s ETF $IBIT leading the charge, taking in over $52 billion inflows alone.I feel like a lot of people are afraid to admit this, or just don’t want to, but the ETFs were the most significant moment in Bitcoin over the course of 2024. Looking back…

Este artículo también está disponible en español. The Bitcoin price has been somewhat quiet since hitting its all-time high of $108,135, struggling to hold a six-figure valuation for long. Case in point — the premier cryptocurrency barely lasted a day above $100,000 before crashing to under $92,000 in the past week. This sluggish price action has triggered discussions about the likelihood of a top being in and the Bitcoin bull market being over. However, the latest on-chain observation suggests that the flagship cryptocurrency might still have room for further upward price movement. What’s The Current Bitcoin Short-Term Holders Cost Basis?…

One of the important issues that has been brought up over the course of the Olympic stress-net release is the large amount of data that clients are required to store; over little more than three months of operation, and particularly during the last month, the amount of data in each Ethereum client’s blockchain folder has ballooned to an impressive 10-40 gigabytes, depending on which client you are using and whether or not compression is enabled. Although it is important to note that this is indeed a stress test scenario where users are incentivized to dump transactions on the blockchain paying…

As cryptocurrencies close the week with a bearish note, attention has switched to specific segments, and artificial intelligence seems poised to dominate crypto trends in the coming weeks and months. Fetch.ai joined the top-trending alts this week after launching an accelerator fund to support AI startups. Meanwhile, presale project iDEGEN testifies to the shift with its fast-paced ICO. iDEGEN has witnessed a massive investor response, raising over $16 million after selling more than 1.32 billion coins. Further, ChainBouty grabbed attention with its remarkable uptrends. The altcoin gained over 50% on its seven-day chart, a noteworthy uptrend amid broad-based bearishness. Let’s…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The concept of a central bank digital currency predates crypto’s most recent down market. However, it has steadily gained momentum as governments recognize the need to modernize payment systems while addressing various economic and technological challenges. There are currently some 134 nations and currency unions that have explored or are exploring the use of CBDC, of which three have already launched: Jamaica, Bahamas, and Nigeria.  These nations and currency unions have different yet sometimes overlapping motives for…

A widely followed cryptocurrency trader is warning that Bitcoin (BTC) may suddenly collapse if it loses a key support level. The trader pseudonymously known as Altcoin Sherpa tells his 239,300 followers on the social media platform X that if Bitcoin loses $90,000 as support, the flagship crypto may plummet all the way down to the low $80,000 range. He also says that Bitcoin may remain bearish until the US government decides what it will do with the seized Bitcoin from the Silk Road darknet marketplace after reports this week that it was legally cleared to sell over 69,000 BTC. “BTC:…

LATAM continues to expand in terms of the cryptocurrency scene. This week the highlights were the impressive rise of Orionx gaining $1 billion in transaction volumes. On the other hand, Bitfinex Derivatives, the derivatives segment of the cryptocurrency exchange Bitfinex, has revealed its decision to shift to El Salvador strategically after it received the Digital Asset Service Provider (DASP) license. The rise of Chilean Orionx crypto exchange Orionx, the Chilean cryptocurrency exchange, closed the year with over $1 billion in total transaction volume, mainly due to its institutional business segment. The company demonstrated its successful international growth by expanding into…

Solana (SOL) has seen a 12% retrace from the Monday high, falling to a crucial zone in the last 24 hours. Some analysts remain bullish ahead of Trump’s inauguration, while others have warned that the cryptocurrency’s bullish momentum could be in danger if the current levels are lost. Solana Holds Key Support Zone Amid the market retrace, Solana has also lost its New Year highs, falling to its lowest price since the late December retrace. On Monday, SOL registered a 17.3% increase from its yearly opening after retesting the $220 mark. However, its bullish momentum was halted after Bitcoin’s price…