The release of a Trump-themed meme coin coincides with the departure of SEC’s crypto skeptic Gary Gensler, signaling a potential shift toward a freer regulatory climate and reigniting the speculative fervor reminiscent of the NFT boom.
Ethereum co-founder Vitalik Buterin has initiated a significant leadership overhaul of the Ethereum Foundation, aiming to refocus the organization on value creation over profit. CryptoQuant CEO Ki Young Ju publicly supports the restructuring, emphasizing the industry’s need for genuine value creation amid potential cryptocurrency slumps.
The Litecoin team swiftly addressed a security breach where a hacker used their social media account to promote a fraudulent token. The scam involved a fake virtual asset on the Solana network, which the team promptly warned followers about after quickly regaining control.
Analysts predict a potential surge in Dogecoin (DOGE) to reach the $1 milestone as its current price performance and growing interest from major investors signal an encouraging future. With an impressive 400% rise in the last year and bullish market sentiments, this meme coin’s journey continues to captivate the crypto world.
Following a significant purchase by Microstrategy’s Michael Saylor, Bitcoin witnessed an 8% surge, reaching the $98,000 milestone, amidst a dynamic week that saw extensive activities across the cryptocurrency markets, including altcoin rallies and innovative NFT adoption by Telegram.
he NFT market witnessed a significant rise in 2024, with a total sales volume reaching $8.8 billion, showcasing a $100 million increase from 2023. Ethereum, Bitcoin, and Solana led the blockchain scene, with notable sales spikes and standout collections like Pudgy Penguins driving the market’s momentum.
Litecoin (LTC) has achieved an unprecedented milestone in the cryptocurrency world, boasting a 100% uptime record since its creation by Charlie Lee in October 2011. This consistent performance underscores the network’s reliability and the efficiency of its proof-of-work (PoW) consensus and Scrypt algorithm over more than a decade.
XRP is at a pivotal point as it struggles to maintain support at the 26 EMA, with a decisive break or bounce likely to set the tone for its immediate market trajectory. Simultaneously, Ethereum shows bullish signals by holding above the 50 EMA, while Bitcoin grapples with headwinds from a strengthening US Dollar Index.
Cardano’s price has experienced significant volatility, stalling below $1 and facing resistance at $1.2046 following a substantial rally. Technical analysis suggests potential corrections toward $0.43, but the long-term outlook remains bullish with possibilities of new highs.
This week witnessed a sharp increase in Ethereum NFT sales, topping $300 million with standout collections like Pudgy Penguins and Azuki. Concurrently, two young Californians were charged with engaging in NFT related frauds amounting to $22 million. Additionally, a retrospective look at 2024 reveals significant resilience in the NFT market amidst various challenges.
