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Meme Coins Push Solana to Record Revenue Heights

Summary: Meme coins are infamous for their sudden popularity and drastic fall in short period of time. However, this time the craziness for meme coin has pushed Solana to a new all time high in fees and revenue. The blockchain managed to surpass one of the crypto giants Ethereum in daily feels and set new records.

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Meme Coins Fuel Solana’s Boom

According to Defi Llama, Solana earned $11.8 million in daily fees, more than Ethereum did ($6.32). Due in large part to the meme coin craze, the network also generated a record $5.9 million in revenue each day. Sites such as Pump.fun, a meme coin launchpad based in Solana, made a substantial contribution and made $2.4 million in a single day.

Raydium Takes the Lead

Raydium, Solana’s top decentralized exchange, played a pivotal role by generating over $1 million in daily revenue. Its low fees and high activity reflect the growing appeal of Solana’s DeFi ecosystem, which now boasts a total value locked (TVL) of $8.35 billion.

Solana Nears ATH Amid Rally

SOL’s market capitalization has increased by 295% in the last year, to $113 billion, which is getting closer to USDT’s $128.8 billion. As evidence of its tenacity and development potential, Solana is just 8.7% away from its all-time high of $260, despite a minor decline to $238.

READ MORE: Simon’s Cat Token: A Rising Memecoin Driving Solana’s Surge





Simon’s Cat Token: A Rising Memecoin Driving Solana’s Surge

The Simon’s Cat token (CAT), launched in August in collaboration with Floki, BNB Chain, and DWF Labs, is tied to the Simon’s Cat brand and backed by its $5.8 billion revenue IP. Its early access was offered to BONK holders on Solana, which ended up raising $240,000 via vaults. Solana’s recent memecoin surge has seemingly increased in huge demand for its ecosystem, including some record-breaking trading fees.

The Simon’s Cat Token known as CAT is a memecoin launched in August in collaboration with Floki, BNB Chain, and DWF Labs, is getting whale’s eyes all over it as of recent. It is the first major cat-themed token on the BNB Chain and is formally tied to the popular Simon’s Cat brand, which is supported by its $5.8 billion intellectual property. It mainly targets meme enthusiasts by offering them early access incentives to BONK holders via Solana. Its close ties with Solana really boosts the platform’s growing role as a hub for memcoin activities. They also offer early access incentives to BONK holders via Solana.

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Basically, BONK holders can score early access to Simon’s Cat Token (CAT) on Solana with a 12-month token lock. The vault which was initially capped at just $100K worth of CAT at a discount, smashed through every expectations and reached $240K in stablecoins deposited overnight.

With this and the already positive vibes by Solana sets it as the ultimate memecoin hotspot. Its continuously pulling off wild trading cycles that pump demands for SOL, with these profits funneled into fresh tokens. Back in March, Solana broke its all-time fee record, raking in $3.02M in just one day, which left behind big names such as Ethereum, BNB Chain, and Tron. Clearly, all eyes are glued to Solana right now!

Read more: Michael Saylor to Pitch Bitcoin Investment to Microsoft Board

Michael Saylor to Pitch Bitcoin Investment to Microsoft Board

Summary: Michael Saylor has been advocating real hard for the usage of Bitcoin, and now he’s set to give a three minute presentation pitch to Microsoft board as to why they should also invest in Bitcoin. Saylor isn’t any ordinary man as he’s an executive chairman of MicroStrategy company and believes that Microsoft’s investment strategy might have a ripple effect on the broader market.

Saylor’s Three-Minute Bitcoin Pitch

Michael Saylor announced on VanEck’s X spaces that he will be presenting a very brief but strong and impactful pitch to Microsoft’s board of directors. He believes he might be able to sway them and aims to convince them as much as possible to allocate funds to Bitcoin as Microsoft is a tech giant and has over $78 billion in cash reserves.

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The Impact on Microsoft and the Market

Microsoft being a technical giant as mentioned before has only invested on companies like OpenAI but has yet to invest anything on crypto or crypto related projects. Microsoft has the potential to be a major corporate Bitcoin adopter if Michael manages to persuade them, which might start a potential larger institutional interest in the cryptocurrency.

A Track Record of Success

Saylor in his announcement highlighted that MicroStrategy’s growth as a pioneer in Bitcoin adoption. The shares of said companies have surged as high as 2,735% over five years, this success story in itself proves Bitcoin’s potential as a strategic asset.

Chill Guy Coin (CHILLGUY) Skyrockets 650% to $0.222 in Just 2 Days

Chill Guy Coin, known as CHILLGUY has exploded by 650% in just 2 days. After that surge it reached $0.222 and now holds a market cap of $227.6M. It was launched on November 18 and it’s up 3627% with nearly 1B tokens in circulation. The coin’s gaining mad hype, but might cool off before climbing further. Keep an eye on $0.50+ potential!

CHILLGUY token, a community driven cryptocurrency designed to embody a relaxed and fun vibe while promoting decentralization and inclusive technology has seen its price skyrocket lately. This token is mostly targeted towards younger and a bit tech-savvy investors. Its basically a memecoin which contains real world use cases, such as rewards in social platforms, gaming, and merch drops. Its perfect match for anyone seeking a casual entry into the crypto space. The inspiration behind this memecoin is a viral meme called “My New Character”.

Chill Guy Token’s initial deployment was recorded on September 12 of this year. It gained significant momentum in its presale run and quickly managed to raise its popularity in crypto space. The price of this token has risen by 3627% since its debut. In just past two days it surged by a staggering 538%. The hourly chart reveals consistently higher highs and higher lows, indicating the bullish trend is intact. But RSI says there might be an overbought situation which will drop down its hype.

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CHILLGUY Price Forecast

As of writing, CHILLGUY is priced at $0.413, with a 24 hour trading volume of about $455 million. This indicates an increase by  781.00% in the past 24 hours. It currently has a circulating volume of total  1 Billion CHILLGUY and holds a market cap of about $438 million.

Read more: Bitfinex Hacker Razzlekhan Gets 18 Months in Jail

Ethereum Eyes $10K Despite Recent Sell-Off

Summary: Ethereum hasn’t had a great couple weeks as it’s price faced a pullback, dropping to $3,058 in the mist of a big whale sell-offs and ETF outflows. Analyst knowing this downfall of ETH still predicts a long-term rally with bullish technical indicators, they suggest a potential rise to $10,000.

Whale Activity Triggers Price Dip

Ethereum has fallen down and has fallen so deep that it’s fallen by 11% from its monthly high with whales transferring and selling over $300 million worth of ETH to exchanges, signaling a very dangerous and potential sell-offs. A major transaction that put pressure on the cryptocurrency’s value is 50,000 ETH moved to Kraken.

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DEX and ETF Challenges

Ethereum which has second highest valuation suffered from a underperformance in decentralization exchanges (DEX) volumes, while trailing other infamous networks like Solana and Base. Not only that but spot ETFs also saw 2 consecutive days of outflow with a total amount of $59.8 million which seems incomparable to Bitcoin which had a massive, extraordinary, huge inflow of $27 billion.

Bullish Signals on the Horizon

Despite all these negative aura surrounding Ethereum, analysts remain super hopeful that this is just a calm before the storm and predict a potential bullish run for its long-term target of $10,000.

UN Launches Blockchain Academy for Global Staff Training

Summary: Everybody on this day and age are starting to understand the importance of Blockchain, United Nations isn’t any different as they’re planning on expanding its blockchain academy to upskill over 24,000 staff worldwide. They’re not doing this alone as this work is being continued as a partnership with the Algorand Foundation. The program aims to leverage blockchain technology for sustainable and equitable development.

Global Upskilling Effort

The United Nations Development Programme (UNDP) announced an ambitious and very progressive initiative to train a whopping 24,000 personnel in the latest technology called as blockchain technology. UN aims to equip their staff with the skills necessary to apply blockchain in real-world scenarios and projects which they believe will drastically enhance transparency and efficiency. This development is being conducted in collaboration with Algorand Foundation.

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Blockchain in Action

The blockchain academy launched in late 2023 initially only managed to train and certified only 30 personnel and had introduced 18 hours of allocated time for training. Now, its has seen a drastic and progressive expansion in its curriculum and is accessible to staff across multiple UN bodies. This course isn’t just for UN employees but also for UN Volunteers and the United Nations Capital Development Fund. Till now UN has only used blockchain to track cocoa supply chains and facilitate digital impact investments, hopefully we see more and social use of blockchain from the UN.

Pioneering with a Sustainable Future

This initiative by a global organization like UN puts and adds more and brings these stuffs in spotlight like the Guardian platform, launched with the HBAR Foundation for carbon market verification. Doro Unger-Lee of the Algorand Foundation said blockchain’s transparency and efficiency are key to driving impactful sustainable development programs.

YOU MIGHT ALSO LIKE: HBAR Skyrockets 160% in a Week Amid Buzz Around Brian Brooks as SEC Chair Frontrunner

HBAR Skyrockets 160% in a Week Amid Buzz Around Brian Brooks as SEC Chair Frontrunner

HBAR’s is up 160% this week after rumors spread about Brian Brooks being the next SEC Chair. Already owning a $2.06B trading volume and $5.3B market cap, this new surge has kept investors hyped. Brooks’s crypto knowledge and Hedera’s moves have the market buzzing. This bullish vibes has left everyone wondering what’s next.

HBAR is basically a native cryptocurrency of Hedera. Its a fast, secure and scalable blockchain platform especially designed for decentralized apps (dApps) and enterprise purposes. It mainly focuses on solving issues like high fees and slow speeds that plague other blockchains and overall claims to offer a more efficient alternatives. They use a unique consensus mechanism called Hashgraph, making it different from traditional blockchains.

This platform is taken away by storm which led it to surge by over 160% in the past week, plus a 30% rally in the last 24 hours. Its currently trading at $0.144. This meteoric rise is all thanks to a simple rumor about  Brian Brooks, a Hedera board member, being appointed as the next U.S. SEC.

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This hype started right after President Trump hinted at replacing  Gary Gensler, a well known figure in crypto industry, with Brooks who is also an expert in blockchain technology. Brooks is very close to Trump, he previously  served as Binance US CEO and was nominated twice by Trump for Comptroller of the Currency. If the rumors turn out to be true, we should expect a very crypto friendly environment in the future. This has filled investors with optimism and excitement for the future.

Also read: Pump.fun Sells $25M in SOL as Solana’s Price Soars

Ethereum’s Dilemma: Rising Network Activity Amid Stagnant ETH Prices

Ethereum’s token ETH is stuck under $3,200 despite popping off in network growth. There seems to be no problem in daily users, transactions and even dApps which just recently hit $149.9B. That’s way above of BNB chain. Plus, even smart money is bullish but inflation and weak fee burns issue is dragging it down. Options market isn’t hyped, with only a 10% shot at $4K this year. The Beam Chain upgrade might be a savior, but for now Bitcoin is taking all the cake.

ETH token price has been showing inconsistency in its price, even with the market surge. It is struggling to maintain momentum above  $3,200 mark, despite numerous attempts to improve in network fundamentals and dApp volumes.

Ethereum’s Price Stays Flat

Basically, there is no problem yet faced in Ethereum’s on-chain activities, daily active users have actually jumped from 377K to 488K as of recent, plus, transactions hit 1.29M and TVL even surged by 25%. DApp volumes are also absolutely crushing it with $149.9B, shortening BNB Chain’s $26.6B. But despite this killer stats, ETH’s price isn’t looking bright, this network hype doesn’t go along with its market moves and its stuck in between this mess.

ETH’s Smart Money Hope vs. Market Doubts

Big players are bullish, scoring ETH sentiment at 2.28/5, while retail vibes stay lukewarm at 0.06. But there are challenges in the way, less fee burning and skepticism in option markets has been a major setback. While ETH has gained 36%, it looks tiny in front of Bitcoin’s surge 109%.

Key levels:

  • Support: $3K
  • Resistance: $3.2K
  • Target: $3.735K (+20%)

Beam Chain upgrade might help, but for now, ETH’s stuck following Bitcoin’s lead.

Bitfinex Hacker Razzlekhan Gets 18 Months in Jail

Summary: Heather “Razzlekhan” Morgan has been sentenced to 18 months in prison for her dirty and notorious role in laundering a massive amount of $10.8 billion from the infamous Bitfinex hack. This is the biggest crypto theft scandal to have ever existed and it’s not finally concluded with Morgan’s partner Ilya Lichtenstein receiving a five-year sentence.

A Crypto Heist Gone Wrong

Morgana and Lichtenstein stole a huge amount of BTC from Bitfinex which counts to 120,000 in 2016. The valuation of said amount of BTC at that time was $17 million but if we calculate it’s value today, BTC was skyrocketed and that amount is valued at $10.8 billion. The couple tried their best to run from the law and authorities but finally got caught up in 2022, which directly led to them pleading guilty for conspiracy and money laundering in 2023.

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The Sentence and Regret

Morgan being speculated as just a helper in the operation received 18-month of prison sentence while her partner whom is believed to be the operation’s mastermind was handed five years which is just fair considering the amount stolen. Morgan very clearly expressed shame and regret that she got involved in this work and claimed that she was only involved in laundering the amount with no clues about the hack. However, the court came to the conclusion that she still played an active role in concealing the fund which is a crime nontheless.

Sophisticated Laundering Tactics

The couple tried to hide their track of money by using crypto mixers, dark web markets and even several gold purchases but in the end authorities got the better of them and the federal investigators took all their ill-gotten assets and stated their story is a cautionary tale about how no amount of on-chain trickery can run away from the justice as the reach of justice is long and it’ll always shine upon every criminal.

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Trump’s Bitcoin Obsession: Is Gold Losing Its Shine?

Summary: Everyone already knows how all around crypto space the thing being talked about the most is our Beloved Bitcoin as it surges to greater and greater heights under a pro-crypto narrative led by Donald Trump. Gold, another highly valued asset is being compared to BTC and it seems to be losing its appeal to Bitcoin. Since the Fed’s polices are getting more and more strict the investor’s primary focus is on Bitcoin with the hopes that it’ll reshape the future of financial assets.

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Gold on the Defensive

It wasn’t all sunshine for Gold as it very recently hit a one-month low of $2,543 following the U.S. inflation report. This decrease in value has raised some eyebrows some of sadness and some of disappointment. Although it managed to get back on it’s feet and recovered slightly, gold’s 30 day decline of 2.6% just perfectly contrasts with sharply increasing Bitcoin’s value.

Bitcoin Hits the Spotlight

Bitcoin smashed and broke all records into pieces with a all time high of around $93,400 in the time where inflation is rising everywhere. People have started calling BTC as the new-age “digital gold” and with this gold’s century-old dominance is being overshadowed by a cryptocurrency. With Donald Trump on the lead, people’s perception has started to change and everyone sees BTC as a new weapon against inflation.

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Gold’s Gilded Era Fading?

It’s not just normal everyday people saying gold might lose it’s charm but experts like Maruf Yusupov says that gold’s allure could fade away as Bitcoin has started to gain mainstream popularity. Not only that but Senator Cynthua Lummi’s also proposed an idea to swap some of the Fed’s gold reserves for Bitcoin further fuel speculation. With this it’s highly believed by analysts hat if U.S. dollar strengthens, the case for traditional hedges like gold might just lose it’s allure.

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