The value of the Normie (NORMIE) token plummeted by 99% in just three hours after falling victim to a smart contract exploit. This exploit led to a significant drop in Normie’s market cap, bringing it down from $42 million to a mere $200,000. Following the exploit, the developers of the Base meme coin are currently
Following a significant week for Ethereum, technical analysis reveals a candlestick pattern that could signal a sharp increase in ETH prices in the near future. Analysts are highlighting key events on the monthly chart, specifically noting the reversal of the ETH/BTC ratio from a long-standing support trend line. Traditionally, a bounce from this line leads
Floki Inu (FLOKI) has seen a significant rise of 20% in the past 24 hours, leading to a boost in its market cap to approximately $2.6 billion. This surge has also allowed Floki Inu to reclaim the fifth position in the meme coin sector. One of the key factors contributing to this price increase is
The European Securities and Markets Authority (ESMA) has identified Maximum Extractable Value (MEV) as a form of illegal market abuse under the proposed technical standards for the Markets in Crypto-Assets (MiCA) regulation. This development, highlighted by Patrick Hansen, a well-known commentator on crypto regulations, has significant implications for the crypto industry. Regulated crypto businesses in
Shiba Inu ($SHIB), a popular ERC-20 meme coin, has shown remarkable performance in the past year. With the current price of $0.00002547, $SHIB has surged by 200% compared to its price last year. This growth has outpaced major cryptocurrencies like Bitcoin ($BTC) with a 158% increase, Ethereum ($ETH) with a 115% increase, and even its
In recent times, Solana’s meme coins have been attracting significant attention from investors worldwide. The latest addition to this trend is the all-American hillbilly token, Sealana ($SEAL), which has managed to raise over $3 million in a month through its presale. This surge in popularity is part of a larger wave of meme coins on
The fusion of social media and finance has given rise to a new phenomenon known as SocialFi. This innovative concept is reshaping the way users interact with social networks by providing more control and opportunities for profit. The integration of decentralized finance (DeFi) into social media structures is empowering content creators and users alike, creating
Toncoin (TON), the native token of The Open Network blockchain, has been gaining significant attention in the cryptocurrency market. According to the latest analysis by CryptoQuant, TON has outperformed Bitcoin by 118% since the beginning of 2024. The on-chain analytic company has found that while US traders are bullish on TON, European traders have shown
The Worldcoin project has once again been met with a setback, this time from Hong Kong’s privacy regulator, the Office of the Privacy Commissioner for Personal Data (PCPD). The PCPD ordered the Worldcoin Foundation to cease all its operations in the region due to violations of local privacy regulations. Specifically, the agency found that Worldcoin
Recently, Coinbase, a leading US-based cryptocurrency exchange, partnered with industry giants Meta, Ripple, Gemini, Kraken, Match Group, and GASO to launch a new initiative known as ‘Tech Against Scams’. This coalition is dedicated to combating online fraud and financial schemes, with a focus on educating and protecting users. They emphasize that scams are not limited