The memecoin whale made an over 52% return on its initial investment within a month, despite Pepe’s price falling over 17% from its all-time high.
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- Crunch
- Global
Bitcoin chews through overhead resistance on the back of U.S. GDP and jobless claims data, with risk assets benefiting across the board.
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Consensys CEO Joe Lubin explains why the firm is taking legal action against the SEC, discusses Ethereum’s roadmap and the importance of Vitalik Buterin’s continued involvement.
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Singapore’s leading financial institution, DBS Bank, has emerged as a major Ethereum investor. According to Nansen, a respected on-chain analytics firm, DBS holds an impressive 173,753 ETH, valued at $647 million, in a blockchain address identified as 0x9e927c02c9eadae63f5efb0dd818943c7262fb8e. The current market price of Ether stands at $3,730.
This revelation underlines DBS’ commitment to the digital asset sector, offering services like digital asset custody, a trading exchange for security tokens, and a dual asset management app. The bank’s activities showcase the expanding acceptance of cryptocurrencies in traditional finance, driven by rising interest from various investor segments including retail and hedge funds.
As the U.S. anticipates the launch of spot ether exchange-traded funds, which are expected to further institutional adoption, DBS’ significant crypto engagements reflect a broader trend of mainstream financial entities integrating cryptocurrencies into their operations. This movement towards digital assets suggests a robust future for the market, with institutional support playing a pivotal role.
Pick-me coins
They say you should sell shovels during a gold rush.
Pump.fun, the Solana memecoin generator, has certainly nailed that strategy. So much so that minting a personalized token on the platform is now, apparently, a rite of passage for celebs.
Over the past four days, Caitlyn Jenner’s X account has nonstop bullposted about her own token, $JENNER, which her team launched on Pump.fun earlier this week.
The videos are strange and surreal, leading to some speculation that Jenner’s account had been compromised with deepfakes, all to pump and dump an unofficial memecoin.
Iggy Azalea confused the matter by launching her own memecoin, MOTHER, amid the hype. She also outed…
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Alex Labs has revealed a recovery roadmap and enhanced security measures post-exploit aimed at rebuilding community trust and resuming operations.
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In a remarkable turn of events, BlackRock’s Bitcoin ETF, the iShares Bitcoin Trust (IBIT) has overtaken Grayscale’s Bitcoin Trust (GBTC) to become the largest Bitcoin exchange-traded fund (ETF).
This transition marks a significant milestone in the competitive landscape of Bitcoin ETFs, highlighting BlackRock’s rapid ascent in the market.
On May 28, BlackRock’s IBIT experienced a notable inflow of $102 million, while Grayscale’s GBTC saw outflows amounting to $105 million.
According to data from Apollo, this shift in investments pushed IBIT’s holdings to 288,670 BTC, surpassing GBTC’s 287,450 BTC. As a result, IBIT’s assets reached nearly $20 billion,…
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Robinhood Crypto vice president Johann Kerbrat said that the API allows developers to build custom tools for crypto trading.
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Davido has remained silent amid criticism about pump-and-dump schemes and regulatory scrutiny.
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The attempt to trademark ZK-proofs is like a “baker trying to impose a blanket patent on bread,” according to StarkWare’s CEO.
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