In a fascinating turn of events, the latest data from Santiment, a leading blockchain analytics platform, reveals a noteworthy trend among prominent market participants. While sharks and whales maintain a relatively stagnant stance on their Bitcoin holdings, they have shifted their attention to an alternative form of the digital asset.
One of the popular memecoins, Baby Doge Coin (BabyDoge) has announced the massive burn of around 100 quadrillion tokens. The schedule is mentioned in the original Twitter handle of BabyDoge to be on 1st June 2023. June 1st we will be burning 100 quadrillion #BabyDoge 🔥 pic.twitter.com/p17XqH72M5 — Baby Doge
According to reports, investors have withdrawn a total of $32 million from cryptocurrency investment products, marking the fifth consecutive week of outflows. The withdrawals have reportedly amassed a significant figure of $232 million. This represents 0.7% of the total assets being managed at present. 5th Consecutive week of crypto outflows
The cryptocurrency world has seen its fair share of trends, but perhaps none as intriguing and unpredictable as the rise of memecoins. These digital assets, often based on internet memes and jokes, have captured crypto enthusiasts’ and casual investors’ attention. However, investors find themselves uncertain about the continued relevance of
In anticipation of its mainnet launch, Namada, a privacy-focused blockchain platform, is making significant strides in establishing partnerships with various technology and token entities. One such partnership being proposed is a grants deal with Osmosis, a prominent blockchain platform. Namada plans to initiate an airdrop to distribute tokens to its
The world’s first-ever Bitcoin Tower is about to be launched on May 24 at the COP28 (28th Conference of Parties) meeting as the most innovative project, in Dubai, UAE. This project has been under the developer, Salvatore Leggiero who initiated the creation of a new hotel chain. Elaborating Hotel Chain
The upcoming launch of RenQ Finance (RENQ) on 22nd May has generated significant anticipation and excitement within the cryptocurrency community. As investors and enthusiasts eagerly await this milestone event, there is a growing buzz surrounding the potential for RenQ Finance to break records and make a lasting impact in the
Cardano (ADA), one of the leading cryptocurrencies, has recently made a significant impact in the decentralized exchange (DEX) market. In the last 24 hours, it secured the 12th position in terms of trading volume across the entire crypto landscape. This surge in trading activity propelled ADA’s value by an astounding
Former U.S. Congresswoman Tulsi Gabbard recently voiced her criticism of the Biden administration, accusing them of neglecting the significant impact that Bitcoin has on people’s lives worldwide. In a statement, Gabbard emphasized that while Bitcoin is transforming the way people conduct financial transactions and empowering individuals globally, the current administration
In a recent development, Florida Governor Ron DeSantis signed a bill purportedly aimed at prohibiting Central Bank Digital Currencies (CBDCs) in the state. However, legal expert Professor Carla Reyes argues that the bill does not effectively prohibit the use of CBDCs in Florida. This discrepancy has sparked a debate surrounding
