Author: News Room
TL;DR ChatGPT predicts that well-known cryptocurrencies could lead the meme coin sector in April due to their substantial community support, while also highlighting the rising popularity of new contestants. The chatbot stresses the importance of thorough market research and awareness of the risks involved in investing in such volatile assets. No Surprises? The meme coin sector has made serious waves lately, with numerous assets of that type charting impressive price rallies and allowing savvy traders to make substantial profits. As CryptoPotato reported, the surges of Shiba Inu (SHIB) and dogwifhat (WIF) have resulted in multi-million gains (at least on paper) for some…
In a significant shake-up for the crypto market, a substantial Bitcoin transfer totaling 7,481 BTC, equivalent to $497.14 million, was unexpectedly deposited into a hot Coinbase International wallet today. The transfer, detected by Whale Alert, originated from an undisclosed wallet labeled “12BKk.” This sizable influx of Bitcoin has prompted cautious reactions within the crypto community. Historically, transfers of this magnitude to exchanges are often interpreted as indicators of bearish sentiment, suggesting that large holders, or “whales,” may be seeking to liquidate their assets. Conversely, withdrawals from exchanges typically signal bullish sentiment, implying that whales are accumulating cryptocurrency. 🚨 🚨 🚨…
Xuirin Finance has introduced a revolutionary DeFi debit card striving to bridge the gap between decentralized finance (DeFi) and everyday spending. This unique project offers to render DeFi assets universally consumable for everyday operations worldwide, thus making a big step forward in incorporating DeFi into traditional financial practices. DeFi, a segment of finance that lies outside the traditional banking systems, has been considered the territory of those deeply involved in the world of cryptocurrencies mainly due to its complexity. Nevertheless, with the debut of the DeFi debit card by Xuirin Finance, this story is about to alter, providing a link…
Pandora, an Ethereum collection based on the ERC-404 experimental token standard, led the market in sales over the 24 hours to noon ET, according to CryptoSlam data. ERC-404 tokens are semi-fungible assets that combine the features of fungible tokens and NFTs. According to Pandora’s X account, ERC-404 allows NFTs to “remain relevant in the memecoin supercycle” by allowing projects to launch both an NFT collection and memecoin at once. Bored Ape Yacht Club, a regular in the market’s top collection rankings, came in second on Thursday. The blue-chip NFT collection from Yuga Labs raked in US$1.5 million in sales. Azuki,…
Staking Wormhole’s W token paired with JitoSOL in the Kamino liquidity pool on Solana is offering a more than 999% weekly return Participants can earn daily rewards of over 3,300 W and 666 JTO, worth $7,000 at current rates, plus trading fees. The pool has a capacity of $7.5 million, with just under $5 million locked as of now. It has generated $17,000 in fees from $6 million in trading volumes in the past 24 hours. Staking bridging application Wormhole’s newly released W token is making traders 999% a week as long as its capacity on Kamino, a decentralized finance…
PayPal enables use of PYUSD in cross-border transfers for Xoom users Xoom users in the US can convert PYUSD into USD and send money to 160 countries. Xoom, the international money transfer platform of payments processing giant PayPal, has announced that it now supports the use of PayPal USD (PYUSD) as a funding option for users in the United States. In an announcement today, the cross-border money transfer platform said eligible US users can now convert PYUSD into US dollars when looking to send money to friends and family. PayPal expands PYUSD adoption PayPal USD is a USD dollar-denominated stablecoin…
The price of Toncoin (TON) is currently exhibiting a sideways movement, remaining in a state of consolidation. This phase can either lead to a rally or a correction, leaving the future direction of the altcoin in question. Toncoin at a Crossroads Investors in Toncoin are at a crossroads, especially with the price trading above the $5.00 mark, which is seen as a positive development for most. This optimism is largely due to the Global In/Out of the Money (GIOM) metric. It indicates that about 2.12 million TON, valued at over $10.9 million, would enter a profitable state once the altcoin…
The Ripple versus SEC saga continues to stir controversy within the cryptocurrency community, with the latest focus falling on divergent views regarding former SEC chief William Hinman. Hinman’s role in shaping regulatory perceptions of digital assets has sparked heated debate, particularly within the XRP community. A recent social media exchange involving Miles Jennings, General Crypto Counsel at a16z, ignited discussions around Hinman’s legacy. Jennings defended Hinman’s contributions, praising his efforts to provide clarity on how cryptocurrencies could operate within existing securities laws. However, this viewpoint faced sharp criticism from XRP enthusiasts, who labeled Hinman as “corrupt” and called for accountability.…
AltLayer, a prominent player in the blockchain space, has announced an exciting partnership with Xterio Games, Through this partnership, they will introduce an innovative gaming-focused restaked rollup. This groundbreaking initiative will tap into Eigen Layer’s shared security model, marking a significant milestone in the intersection of gaming and artificial intelligence (AI). Pumped to partner with @XterioGames to launch the first-ever gaming & AI-centric #RestakedRollup that taps into @eigenlayer’s shared security model. The chain operates as an L2 settling on @ethereum, using @Optimism’s OP stack & @eigen_da for its DA needs.… pic.twitter.com/2MWgDwHzTL — AltLayer (@alt_layer) April 4, 2024 AltLayer and Xterio…
OKX announced the inclusion of the Zeus Network’s ZEUS token in its spot market starting on April 4, 2024. This strategic inclusion broadened the trading horizon for OKX users and enabled traders to harness substantial gains from the token’s price movements. Traders Profit as OKX Lists ZEUS The listing allows for trading ZEUS against USDT on OKX, signaling a broader embrace of emerging digital assets in the exchange’s trading pairs. The platform enabled deposits for the ZEUS token ahead of the listing, facilitating immediate trading activities. Zeus Network integrates Solana’s high transaction speeds and scalability with Bitcoin’s robust security and…