Coinbase Submits Filings With CFTC To List Futures Contracts for Chainlink, Shiba Inu and Three Other Altcoins

June 30, 2024 The Daily Hodl

Altcoins

The derivatives arm of crypto exchange Coinbase has just submitted to the Commodity Futures Trading Commission (CFTC) documents to self-certify the listing of new futures products tied to five popular crypto assets. According to the filings, Coinbase Derivatives is launching futures contracts for Avalanche (AVA), Chainlink (LNK), Polkadot (DOT), Stellar (XLM), and Shiba Inu (SHB), […]

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Meme coins have an important role to play in crypto

June 29, 2024 Coin Telegraph

Coin Telegraph

Meme coins have stolen the spotlight this Bitcoin halving cycle, and they've offered unparalleled opportunity to at least some participants.

Meme coins are often seen as jokes, destined to just fade away. But what if they are crucial to crypto? Traditional finance laughs, but meme coin investors might be pioneering new financial strategies. Success stories abound — $1,000 in Dogecoin (DOGE) turning into $2 million, Shiba Inu (SHIB) transforming tiny investments into life-changing sums. Are these investors fools, or do they see real opportunities?

In 2024, the meme coin market is one of the fastest-growing sectors in the space.

The top-performing meme coins have delivered average returns of over 1,300% in 2024. One trader netted an astonishing $1.2 million profit in just a couple of days trading MAGA, PEPE, and other popular memes.

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Largest dogwifhat (WIF) Holder Accumulates More Coins While Other Memecoin Whales Capitulate: Lookonchain

June 28, 2024 The Daily Hodl

Altcoins

The largest dogwifhat (WIF) holder is adding more to his holdings while other memecoin whales are selling off, according to on-chain data. Blockchain tracking firm Lookonchain reports that the top dogwifhat holder has more than 23 million WIF after suddenly buying 2.3 million additional tokens. “The largest holder of WIF spent 4.65 million USDC to […]

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Meme Coin Meltdown: Presidential Tokens TRUMP and BODEN Tumble Amid Market Slump

June 20, 2024 Bitcoin.com

bitcoin.com

Amid a general downturn in the cryptocurrency market, meme coins have experienced notable losses over the past week. Dogecoin and shiba inu declined by 13.9% to 15.6% respectively in the last seven days, while presidential meme coins such as TRUMP and BODEN also suffered substantial double-digit losses. Meme Coin Economy Stumbles Under $50 Billion This […]

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Ethereum Holders Keep Growing in Numbers and Showing No Signs of Capitulation Despite Price Drop: Santiment

June 20, 2024 The Daily Hodl

Altcoins

The number of Ethereum (ETH) holders continues to rise despite the top altcoin’s declining price, according to the analytics platform Santiment. Santiment notes that ETH’s growing number of wallets comes as Bitcoin (BTC) wallets have been dropping since mid-March. “Bitcoin holders have just had their biggest three-day drop in non-empty wallets since just prior to […]

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Price analysis 6/19: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, SHIB, AVAX

June 19, 2024 Coin Telegraph

Avalanche

Bitcoin is struggling to bounce off $64,500, increasing the possibility of a deeper correction to $60,000.

Bitcoin (BTC) has been trading inside a large range between $56,552 and $73,777 for several days. It is difficult to predict the direction of the breakout with certainty, because trading inside the range can be random and volatile. Hence, it is better to wait for the price to break out before establishing large bets.

Traders are becoming cautious in the short term due to the uncertainty. According to Farside Investors data, Bitcoin exchange-traded funds have witnessed outflows for the past four days. Additionally, CoinShares’ “Weekly Asset Fund Flows” report showed outflows of $600 million from digital asset investment products, the largest since March 22.

However, Cointelegraph’s analysis of Deribit derivatives data shows that Bitcoin whales and market makers are not panicking and “remained optimistic during the dip.” Several analysts have also maintained a bullish view during Bitcoin’s drop below $65,000.

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Trump token whale sells for $3.7M profit as memecoin starts decline

June 18, 2024 Coin Telegraph

Trump token whale sells for .7M profit as memecoin starts decline

Coin Telegraph

The memecoin whale made an over 1,428% return on his initial investment in the Trump token.

A large memecoin holder, or whale, has made a $3.7 million profit after selling his Maga (TRUMP) tokens amidst the current market sell-off.

Whale wallet ‘0x52C0’ has sold over 171,000 Trump tokens for a total of 414 Ether (ETH), worth $1.44 million, in the past 24 hours, for a total profit of over $3.7 million.

The whale has been selling his Trump coins at the $8.38 mark, according to a June 18 X post by Lookonchain.

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‘No clear catalyst’ for bloodbath as top altcoins fall double digits

June 18, 2024 Coin Telegraph

10xResearch

Crypto market analysts suggest the altcoin stumble may be tied to a recent spate of spot Bitcoin ETF outflows.

Crypto markets tumbled into a sea of red on Monday as some altcoins bled more than 10%, with an industry analyst telling Cointelegraph that there’s “no clear catalyst” to explain why.

The crypto market cap has fallen to $2.46 trillion, down 3.5% over the last 24 hours. Shiba Inu (SHIB) and Avalanche (AVAX) have been the hardest hit altcoins among the top 20 by market cap on June 17, falling 12.7% and 10.6% during the day, CoinGecko data shows.

Uniswap (UNI) and Dogecoin (DOGE) also saw a double-digit drop, while Solana’s (SOL) dipped 9.4%. Ripple’s XRP (XRP) was the only non-stablecoin not in the red, though it only saw a minor 0.1% increase.

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SHIB Marketing Lead Hints at Unreleased Token, Shares Update on Upcoming Shiba Eternity Blockchain Game

June 14, 2024 The Daily Hodl

Altcoins

One of Shiba Inu’s lead marketers is revealing the details of a highly anticipated SHIB blockchain game. A Shiba Inu insider who goes by Lucie tells her 139,300 followers on the social media platform X that the full release of the blockchain version of Shiba Eternity is nigh. “Shiba Eternity is getting very, very close! […]

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Cardano, Shiba Inu and One Ethereum-Based Altcoin Witness ‘Exploding’ Whale Activity, Says Santiment

June 8, 2024 The Daily Hodl

ada

A handful of crypto assets have been witnessing “exploding” whale activity amid an uptick in digital asset prices this week, according to the analytics firm Santiment. Santiment notes on the social media platform X that the smart contract platform Cardano (ADA), the memecoin Shiba Inu (SHIB) and the Internet of Things (IoT) project Jasmy (JASMY) […]

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