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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...

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...

Stablecoin Economy Expands $1.08B in 2 Weeks Despite Reductions in Key Coins


In the past 15 days, the stablecoin economy experienced modest yet steady expansion, adding $1.08 billion to its overall value. During this time, tether’s market capitalization increased by 790 million. Modest $1.08B Growth in Stablecoin Market Since Aug. 23 Growth in the stablecoin economy...

Vaneck Reveals Plans to Close Ethereum Futures ETF


On Sept. 6, Vaneck announced its decision to close and liquidate the Vaneck Ethereum Strategy exchange-traded fund (EFUT). The liquidation comes after evaluating key factors, including performance and investor interest. The firm noted that shareholders will have until September 16, 2024, to sell...

Bitcoin ETFs Lose $211 Million as Ethereum Funds See Modest Outflows


Thursday’s trading session saw spot bitcoin exchange-traded funds (ETFs) experienced outflows totaling $211.15 million, while ethereum ETFs faced a much smaller decline of $152,720. $211 Million Exits Bitcoin ETFs, Ethereum Funds Slip by $152K On Sept. 5, bitcoin and ethereum ETFs both took...

Fractal Bitcoin Set to Launch Sidechain With Unique Merged-Mining Mechanism


Fractal Bitcoin, a sidechain of Bitcoin created by the Unisat wallet team, is gearing up for its debut on Sept. 9, introducing a fresh twist on mining called “Cadence Mining.” This process plans to enable bitcoin miners to merge-mine with Fractal Bitcoin every three blocks, offering...

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