Author: Benjamin Lee

Ethereum (ETH) founder Vitalik Buterin is concerned about the rise of “political coins,” memecoins such as MELANIA and TRUMP. Buterin says the crypto sector has spent the past year entering “a new order” where people cheer on the idea of creating a token for anything at any scale. “And so now is the time to talk about the difference between sugar-high short-term fun that is unwise to recommend to newbies, and long-term fulfillment and wealth-building. It is not about ‘fun is bad’, it is about the equivalent of modern hyperaddictive cellphone games, versus chess or World of Warcraft. Now is…

Coinbase is officially listing a new memecoin that uses the name and likeness of the top US crypto exchange’s CEO’s pet dog. According to a new announcement, Coinbase is officially supporting Toshi (TOSHI) starting today. “Coinbase will add support for Toshi (TOSHI) on the Base network. Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on Coinbase and Coinbase Exchange in the regions where trading is supported.” Coinbase is adding support for TOSHI on Base, an Ethereum (ETH) layer-2 network incubated by the exchange. The announcement was made yesterday around…

President Trump has officially eliminated a controversial guideline from the U.S. Securities and Exchange Commission that effectively prevented US banks from holding crypto assets. The administration’s new leadership at the SEC just rescinded Staff Accounting Bulletin 121, which forced banks to identify crypto assets held on behalf of their customers as liabilities on their balance sheets. A bill aiming to eliminate the guideline passed both the House and the Senate last year, but President Biden vetoed the bill. Although the issue is a top priority among crypto proponents, the removal of the rule was not a campaign promise. Bank of America CEO…

Two low-cap memecoins are primed to surge higher amid low market sentiment, according to a popular crypto analyst. The pseudonymous analyst known as Pentoshi tells his 846,600 followers on the social media platform X that he’s bullish on PENGU, the utility token for the non-fungible token (NFT) project Pudgy Penguins, as well as the memecoin Fwog (FWOG). PENGU is trading at $0.0244 at time of writing. The 88th-ranked crypto asset by market cap is up nearly 4% in the past 24 hours. FWOG is trading at $0.187 at time of writing. The 380th-ranked crypto asset by market cap is down nearly…

A widely followed trader is issuing a warning on altcoins in the artificial intelligence (AI) crypto sector. The trader pseudonymously known as Bluntz tells his 312,000 followers on the social media platform X that the “big” AI-related crypto assets are signaling the possibility of the bullish run coming to an end over the short term. According to the analyst who regularly applies the Elliott Wave theory in his technical analysis, lots of the AI-related altcoins have retraced from the peak of the final wave of a bullish trend that started months ago. The Elliott Wave theory states that the main…

Sui (SUI) has surged 116.2% in three months. While Bitcoin Dogs (0DOG) has seen a considerable decline since its public listing, key metrics point to a possible trend reveal. Both tokens show growth potential, with SUI’s TVL exceeding $1 billion and rising interest. Cryptocurrency investors are continuously on the lookout for promising assets that offer significant growth potential and two tokens, Sui (SUI) and Bitcoin Dogs (0DOG), have caught the attention of investors. Both Sui and Bitcoin Dogs have showcased impressive performance and unique features, making them appealing choices for traders and long-term investors. Sui price soars by 63% in…

Crypto market drops as Iran launches missile strikes into Israel Bitcoin falls to $62k; Ethereum drops below $2,500 The global crypto market cap declines by 2.72% to $2.18 trillion The global crypto market has witnessed a decline in value following reports of Iran firing missiles into Israel. The heightened geopolitical tensions have sent shockwaves through financial markets worldwide, with crypto assets taking a hit. As news of the missile strikes spread, cryptocurrency markets reacted swiftly. Bitcoin (BTC), the largest cryptocurrency by market capitalization, had dropped to $61,932.92 at press time. Ethereum (ETH), the second-largest cryptocurrency, witnessed a 3.42% plunge, with…

Bitcoin price broke to above $66,000 for the first time in nearly three weeks Cypto analysts at QCP say ‘Uptober’ and the US election sentiment could push bulls higher Bitcoin’s (BTC) price rose more than 6% to break above $66,000 on Monday, October 14, 2024, as most cryptocurrencies recorded 24-hour gains. According to data from CoinGecko, BTC’s price had reached highs of $66,173 across major crypto exchanges. On Coinbase it hit $66,296. The gains came as the flagship cryptocurrency bounced from the uncertainties witnessed the previous week, with Bitcoin bulls seeing a 4% flip in weekly price performance. Bitcoin traded…

JUP price has retested a key resistance line after bouncing above $1. Crypto analyst Rekt Capital suggests holding above support level will help bulls soar. As Solana price surges above $240 and nears its all-time high, crypto analyst Rekt Capital says Jupiter (JUP) could follow suit. The native token of the decentralized exchange (DEX) aggregator, which counts as a major ecosystem player for Solana, is attracting attention for its potential. “Jupiter was able to successfully retest the previous resistance area (red) into new support. In fact, JUP performed a volatile downside retest into the multi-month blue diagonal resistance as well.…

iDEGEN has hit the crypto market running, riding a major bullish mood engulfing the entire market. This comes as traders cheer Bitcoin’s massive and record monthly green candle. As the benchmark crypto looks to break the sell wall at the $100k level, several altcoins are toying with levels that have traders excited. Amid the market-wide buzz is an aggressive positioning across the artificial intelligence related space. Some of the best performing tokens in the last few months have been AI tokens, which has analysts pointing to the real upside as one ahead. Does this make iDEGEN the biggest opportunity among…