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Political Meme Coin Economy Shrinks by $420M as US Election Nears


As the U.S. election draws closer, the top political meme tokens by market cap have seen a combined $420 million vanish over the past 96 days. Back on June 3, maga (TRUMP), a meme coin themed after the 45th U.S. President, Donald Trump, reigned supreme. Fast forward, and it has lost its crown...

Bitget Launches Direct Deposit Option for Mexican Pesos


Cryptocurrency exchange Bitget has announced a strategic partnership with Swapple to facilitate crypto payments in Mexican Pesos (MXN) via the Interbank Electronic Payment System (SPEI). Operated by Banco de México, SPEI allows for near-instantaneous electronic funds transfers between bank accounts...

Friend.tech Team Renounces Control Over Smart Contracts


Friend.tech, the struggling decentralized social media application, has announced a major update to its platform, setting the admin and ownership parameters of its smart contracts to the address 0x000…000. This move effectively renounces control over these contracts, ensuring that no future changes...

Westlake Police Issue Alert on Blackmail Scams Involving Bitcoin


Westlake Police are cautioning residents about a rise in blackmail scam emails. Scammers claim they have been monitoring recipients’ online activities and demand payment, typically in bitcoin or gift cards, to prevent exposing personal internet habits. These emails may appear highly...

Tether Invests $100 Million in Latam’s Agricultural Giant Adecoagro


Tether, the USDT stablecoin issuer, has acquired 9.8% of Adecoagro, a Latin American-based agricultural giant. In a move described by Argentine media as surprising, the company invested $100 million to diversify its investments in the agricultural and food sectors. Adecoagro, valued at over...

Memecoin Master Discusses Current Cycle


Rex took the stage at a memecoin-focused side event and surprised the audience with something rare in the memecoin world: thoughtful analysis. KOL Who Called PEPE, BRETT, and WOLF Talks Memecoin Strategy Rex was a speaker at a Memecoin-focused side event. Of all the speakers, he was the least...

UBS: European Real Estate Markets Enter New Cycle


UBS reported on Thursday that European real estate markets appear to be entering a new investment cycle, with key indicators pointing to stabilization. “A new cycle starts,” the report said, as investment volumes show signs of bottoming out. After a period of inflation and rising...

Fed Report Explores How Crypto Price Changes Affect Ownership


A report by the Federal Reserve Bank of Philadelphia’s Consumer Finance Institute found that cryptocurrency ownership declined during market downturns, despite price increases in bitcoin. Data from multiple surveys showed that crypto interest and ownership did not rise, even as prices surged....

Kamala Harris Gains Ripple Co-Founder Chris Larsen’s Endorsement


Eighty-eight business leaders, including Ripple co-founder Chris Larsen, have endorsed Vice President Kamala Harris for president, in a new letter shared by CNBC on Friday. Some crypto investors are puzzled by Larsen’s move, given the Biden administration’s stringent regulatory stance...

Venezuelan Opposition Leader Proposes Establishing a Bitcoin Reserve


Maria Corina Machado, head of the political coalition that contests the victory of Nicolas Maduro in Venezuela, has proposed establishing a bitcoin reserve for the country. Machado stated that bitcoin represented a lifeline for many Venezuelans, that protected their wealth from rampant...

Recession Concerns Ignite Amid US Economic Slowdown and Market Volatility


In recent weeks, both economists and technical indicators have hinted that the U.S. may be on the brink of a recession, causing anxiety to ripple through the markets. Meanwhile, over on X, the topic of recession is gaining more traction by the day, with users discussing the likelihood of...

Bitcoin Hashrate Hits Record High as Prices Drop Below $55K


As bitcoin dipped below $55K this week, something quite interesting happened behind the scenes. On Sept. 7, 2024, the network’s computational power hit a new lifetime high. The seven-day simple moving average (SMA) for Bitcoin’s total hashrate climbed to 679 exahash per second (EH/s) on Saturday,...

Sonic SVM Announces Launch of Hyperfuse Nodes in Solana’s First Node Sale


The first atomic SVM chain on Solana, Sonic SVM, has announced the launch of Hyperfuse Nodes, marking the first node sale in the Solana ecosystem. The sale offers participants access to Sonic’s Solana Virtual Machine (SVM) technology and a potential opportunity to earn tokens. Sonic...

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