Major memecoins are down 63% on average despite market frenzy

September 11, 2024 Coin Telegraph

The top 10 memecoins are struggling as safe-launch tokens capture significant market attention and investor funds.

The memecoin market witnessed explosive growth in 2024, but its biggest players — including Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE) and Dogwifhat (WIF) — are struggling to hold value anywhere near their yearly highs.

It’s not just top memecoins that are faltering. Numerous industry insiders have told Cointelegraph the current wave of tokens is having knock-on effects across the industry, with one saying memecoins have “sucked the life out of this bull run.”

Data released by Lookonchain on Sept. 2 revealed just how tough the market is for the incumbent pack of memecoins, which are down an average of 63%.

Massive ,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Arthur Hayes: Bitcoin Could Slip to $50,000 — Altcoins Could Dive ‘Into the Gutter’

September 4, 2024 Bitcoin.com

Altcoins

Arthur Hayes, co-founder of crypto exchange Bitmex, has warned of a scenario where bitcoin could “slowly leak lower towards $50,000” and “altcoins could dive deeper into the gutter.” Focusing on the impact of dollar liquidity and Federal Reserve policies, Hayes remains cautiously optimistic about the long-term outlook, expecting future monetary easing to benefit crypto. Arthur […]

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

YieldNest launches new liquid restaking token

August 21, 2024 Coin Telegraph

Coin Telegraph

Stakers with Lido, Frax, Origin and Mantle can “restake” with the DeFi protocol.

Decentralized finance (DeFi) protocol YieldNest is launching a new liquid staking derivative (LSD) called ynLSDe designed to capture restaking yield from EigenLayer, according to an Aug. 21 announcement.

The token “will allow the holders of Ether staked with Lido, FRAX, Origin Protocol, or Mantle to earn additional yield… through restaking,” YieldNest said. Lido, FRAX, Origin, and Mantle are decentralized Ethereum staking platforms, each of which issues its own LSD.

Restaking involves taking Ether (ETH) that has already been staked — posted as collateral with a validator in exchange for rewards — on the Ethereum network and using it to secure other protocols simultaneously. The premise is that in exchange for taking on additional risk, restaking can considerably enhance rewards.

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Tron Founder Justin Sun Links Meme Coin Push to USDT Liquidity

August 19, 2024 Bitcoin.com

bitcoin.com

Justin Sun, founder of the Tron blockchain ecosystem, clarified the reasons behind his drive to bring meme coins to the Tron network. According to Sun, the Tron blockchain has the upper hand compared to other chains, being home to $60 billion USDT. “No other blockchain protocol’s got a liquidity pool this massive,” Sun stressed, explaining […]

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Dydx Introduces Major Chain Upgrade With New Features

August 14, 2024 Bitcoin.com

bitcoin.com

Decentralized exchange Dydx has announced a significant upgrade to its chain, introducing new features designed to enhance market liquidity and security. The update, set for release this autumn, marks the largest change to the Dydx Chain since its launch. Dydx Introduces Permissionless Market Listings and Megavault in Upcoming Chain Overhaul According to the announcement, the […]

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Arthur Hayes Predicts $100K Bitcoin by Year-End — Expects ‘Glorious’ Crypto Bull Market in 2025 With BTC Reaching $1M

August 14, 2024 Bitcoin.com

Arthur Hayes Predicts 0K Bitcoin by Year-End — Expects ‘Glorious’ Crypto Bull Market in 2025 With BTC Reaching M

$1 million

Bitmex co-founder Arthur Hayes predicts bitcoin will reach $100K by late 2024 and could hit $1 million by 2025. He attributes this to U.S. Treasury liquidity injections and anticipates a “glorious” crypto bull market in 2025. Hayes has outlined various factors driving explosive growth in bitcoin and broader financial markets. Arthur Hayes Predicts Bitcoin Surge […]

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Bitcoin risks ‘sharp weekend price swings’ as ETFs suck up liquidity

August 13, 2024 Coin Telegraph

Analysis

Bitcoin trading volume and liquidity are concentrated on weekdays due in part to ETFs and could cause more wild price swings on the weekend.

Bitcoin has become more susceptible to wild weekend volatility since the launch of spot Bitcoin exchange-traded funds (ETF) in the United States, according to Kaiko Research.

In an Aug. 12 report, Kaiko’s crypto analysts noted Bitcoin’s liquidity has become more concentrated on weekdays, particularly in BTC/US dollar markets.

It noted that weekend trading volatility has generally declined since 2021 and has previously reported that Bitcoin’s weekend trading volumes have dropped as institutional and ETF activity has grown.

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Amber Group calls for transparency after ZKX shutdown

August 4, 2024 Coin Telegraph

accountability

The ZKX team’s shutdown serves as a reminder of the critical role that transparency and accountability play in the success and stability of cryptocurrency projects.

The recent shutdown of ZKX has sent ripples through the cryptocurrency community, prompting investor and market maker Amber Group to share its perspective and crucial information to promote transparency and support the community.

In a post on the X social platform, Amber Group disclosed that the announcement on July 30 that ZKX would cease operations shocked Amber Group as it did to the broader crypto community.

The firm noted that it has been closely involved with ZKX as a market maker, facilitating liquidity during the token generation event (TGE) held on June 19.

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Bitcoin ‘late longs’ washed out as BTC price falls to $65K

July 30, 2024 Coin Telegraph

Bitcoin

Bitcoin leveraged positions increased over the past week, and a portion of these late longs have been wiped out as BTC price dropped closer to $65,000.

Bitcoin bears extended the sell-side activity after the July 30 Wall Street open as the drop below $66,000 resulted in a large decrease in leveraged longs.

Data from Cointelegraph Markets Pro and TradingView showed Bitcoin (BTC) price trading at $65,798, down 2.3% over the last 24 hours.

This followed a series of failed attempts to rise above $70,000, suggesting that this area is important to bears.

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Potential Trump victory and rising global liquidy may benefit crypto, analyst says

July 18, 2024 Coin Telegraph

Bitcoin Price

Macroeconomist Lyn Alden assesses the impact of the 2024 US presidential election outcome on Bitcoin and the broader crypto industry.

Macroeconomist Lyin Alden argues that a potential victory for Donald Trump in the upcoming US presidential elections could lead to the extension of corporate tax cuts, which in turn could favor the crypto markets.

These tax cuts, which were approved during Trump’s first presidential term, are due to expire soon but are likely to be prolonged if Trump is elected again.

“The market might be saying that a Trump victory increases the odds of those tax cuts remaining in effect or becoming permanent,” Alden pointed out in the latest interview with Cointelegraph.

Liquidity

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