Godleak approached professionals across Web3 to get their thoughts on the emergence of celebrity-backed meme tokens in crypto. As the cryptocurrency market seeks a new narrative to drive growth, celebrity-backed token projects have emerged, sparking a trend that has elicited mixed reactions from seasoned crypto enthusiasts regarding this new wave of memecoins. While some argue…
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The Bitcoin wallet belongs to a miner who earned 50 BTC as mining rewards in July 2010, a time when BTC was trading at $0.05. A Satoshi-era Bitcoin wallet dating back to 2010 woke up from dormancy after 14 years and sent 50 Bitcoin to the Binance crypto exchange. The Satoshi era refers to the period…
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Ether’s failure to respond to good news could be rooted in investors’ perception that macroeconomic conditions are worsening. Ether has been under pressure since June 7, when it lost its $3,800 support level. Despite a series of positive developments, its price remained below $3,600 on June 19, showing no weekly change. Some analysts believe that the…
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Proceeds from the NFT mints are being paid to Protocol Guild, a collective funding mechanism created by Ethereum core contributors and the ad’s two actors. Digital asset manager Bitwise released its first spot Ether exchange-traded fund commercial on Thursday, allowing non-fungible token (NFT) enthusiasts to mint the 39-second clip on Ethereum. “Capture a piece of crypto…
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Judge Phyllis Hamilton found XRP could be a security when sold to retail and gave the go-ahead to a class-action lawsuit over statements from Ripple CEO Brad Garlinghouse. A United States federal court judge has greenlit a civil securities lawsuit against Ripple Labs, denying its summary judgment bid in a suit alleging its CEO broke…
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Low exchange balances indicate low selling pressure and could trigger a supply shock as institutional investors continue to accumulate Bitcoin. The Bitcoin exchange reserve, the total amount of Bitcoin available on exchanges, has dropped to a 3-year low, according to data from June 19, 2024. Analytics from CryptoQuant revealed that there are currently 2,825,703 Bitcoin left…
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Circle CEO Jeremy Allaire revealed four of the biggest reasons he’s “more optimistic” about crypto and stablecoins than ever before. Stablecoins could account for 10% of “global economic money” over the next ten years or more, according to stablecoin issuer Circle CEO Jeremy Allaire. It’s arguably a bold claim, but Allaire pointed to several factors…
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CryptoQuant CEO Ki Young Ju noted that while Ethereum’s MVRV is rising quickly, onchain activity levels suggest it may not be overvalued. A key metric used to determine whether Ether is overvalued or not has been “heating up” relative to Bitcoin — though one analyst argues the asset may not be in overbought territory just…
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MRGN Research’s Ben Coverston says the Solana-based MEV bot has made an active effort to date to keep a low profile. The infamous maximal extractible value (MEV) sandwich bot known as “arsc” has pocketed around $30 million from Solana users in the last two months through MEV attacks. An MEV sandwich attack occurs when an…
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ZK Nation said its Sybil filtering approach was to ensure as many users as possible would get an allocation, but that would inevitably let through some Sybils. Ethereum zero-knowledge layer-2 scaling platform zkSync has continued to defend criticism over the criteria for its zkSync (ZK) token airdrop, slated to launch on June 17. In a frequently asked…
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