BitMEX recently introduced a new product called the MEMEMEXTUSDT Basket Index Perpetual Swap Contract. This offering is specifically designed to cater to traders who are interested in gaining exposure to various meme coins in the market. Described as the “S&P500 for crypto meme coins,” this contract allows traders to speculate on the performance of popular
The recent crash in the crypto market has left traders in a state of panic, with Bitcoin and altcoins experiencing a significant drop in value. As Bitcoin continues to fall from one support level to another, the losses are piling up for traders. In just the last 24 hours, tens of thousands of traders have
The Bitcoin network is currently displaying signs of miner capitulation. This phase is characterized by miners either ceasing their operations or selling off a portion of their Bitcoin reserves. Interestingly, historical data suggests that such a scenario often precedes a bottoming out of Bitcoin prices, ultimately leading to a subsequent uptrend in the asset’s value.
Ripple has been facing harsh penalties from the US SEC for its XRP sales, arguing lack of regulatory clarity. However, the recent court ruling on Binance’s BNB token has caught Ripple’s attention. Judge Amy Jackson dismissed SEC’s claims regarding Binance’s token sales, leading Ripple to file a Notice of Supplemental Authority. Ripple argues that the
DraftKings, a well-known online sportsbook operator, is currently facing legal challenges, particularly in light of the recent DraftKings NFT lawsuit. A US District Judge in Massachusetts recently made a ruling that denied DraftKings’ motion to dismiss a class action lawsuit related to its NFTs. This decision has the potential to significantly impact the classification and
Ethereum (ETH) is currently facing a significant downturn, with its price plummeting towards the critical support level of $3,051. This sudden drop in price indicates a surge in selling pressure and a prevailing bearish sentiment in the market. Traders are closely watching Ethereum’s behavior as it approaches this crucial threshold, looking for signs of either
Bitcoin, despite facing significant bearish trends and market headwinds, has seen a surge in accumulation by large investors holding more than $600,000 worth of Bitcoin. According to recent data from the on-chain tracking platform Santiment, these whales have been increasing their holdings over the last six months. The most active participants in this accumulation are
In a surprising turn of events, meme coin DADDY has experienced a significant surge of 35% in its price within the last 24 hours. This surge has propelled the coin to trade at around $0.15 according to CoinGecko, with its market capitalization inching closer to the $100 million mark. The catalyst for this rally seems
A recent analysis by cryptocurrency analyst Quinten François has created quite a stir in the crypto community. François has put forward an ultra-bullish narrative for Bitcoin’s future trajectory, suggesting that the flagship cryptocurrency could potentially soar to an astonishing $4.5 million. This projection is based on the significance of Bitcoin’s fourth halving event, with François
Recently, crypto exchange KuCoin made an announcement that they would be implementing a 7.5% value-added tax on trading fees for their Nigerian users starting on July 8th. This news has sparked discussion and debate within the crypto community in Nigeria and beyond. The decision by KuCoin to collect a VAT on trading fees has raised