One of the most anticipated events of the cryptocurrency industry, Bitcoin halving, has finally been completed. The crypto industry has waited four years for this event, making it the most trending topic on social media, with more than 109K posts on X alone. The Bitcoin halving happens according to the validations of 210,000 blocks. In The post Bitcoin Halving Highlights 2024; The Halving Block Rewarded Validator With $2.6M appeared first on CoinGape .
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BTC-e operator has pleaded guilty to money laundering
The US Department of Justice has continued to hunt those who have been involved in the criminal use of crypto. In a recent development, it announced that it had held a Russian national for his involvement with BTC-e. The mentioned person had been found involved in the use of crypto exchange for money laundering and
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Buenos Aires Targets Worldcoin With Eye Scanning Biometric Bill
A bill that seeks to regulate the activities of companies that scan the eyes of their users, like Worldcoin, has been recently introduced in Buenos Aires. The law aims to protect the app users’ rights and help them to secure and determine the destination of the biometric data collected by these entities. Eye Scanning Bill
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Shiba Inu Stands Strong: Over 650K Wallet Addresses Still Profitable Amid Recent Price Drop
Shiba Inu (SHIB) has demonstrated resilience despite recent market downturns. Data reveals that roughly over 700 trillion SHIB tokens held by more than 650,000 wallet addresses remain profitable, reflecting steadfast confidence among holders in the token’s long-term value. Shiba Inu Market Resilience Amid Volatility Recent on-chain analytics have uncovered an interesting trend among Shiba Inu investors. Despite a general dip in SHIB’s market price, investors continue to hold a substantial volume of tokens—totaling 733 trillion—showing unrealized gains. Related Reading: Massive SHIB Movement Ignites Market Speculation: Is A Big Surge On The Horizon? These holdings, maintained by approximately 653,530 individual wallets, were acquired at prices ranging from $0.000002 to $0.000022, averaging out at $0.000011. This indicates not only a significant level of acquisition but also a broad base of investors who entered the market at lower valuations, positioning themselves in profit despite the coin’s fluctuating fortunes. The “Break Even Price” indicator, a crucial tool derived from on-chain data, suggests that many SHIB holders are still in the green financially. This could point to a collective strategy among holders to weather short-term price movements, with an eye on potential long-term returns. Such data reinforces the notion of SHIB as more than just a speculative asset, hinting at a deeper conviction among its community regarding the token’s future potential. Long-Term Outlook And Ecosystem Developments Despite a decline of 5.2% over the past week and 11.9% over the past month, Shiba Inu has seen a recent uptick of 3.3% in its price in the last 24 hours, trading at $0.00002389. The SHIB price is moving sideways on the 4-hour chart. Source: SHIB/USDT on TradingView Notably, this upward trajectory in value mirrors the asset’s trading volume, which has also surged from below $400 million last week to above $600 million as of today. This recovery aligns with significant developmental strides within the Shiba Inu ecosystem, particularly the completion of a hard fork in its Layer-2 blockchain solution, Shibarium. The Shibarium hard fork, executed at block height 4504576, introduced enhancements aimed at improving usability and transaction efficiency. This was a response to community feedback advocating better performance and lower costs. This upgrade is expected to boost transaction speeds and stabilize transaction fees on Shibarium, making costs more predictable for users. Related Reading: Crypto Analyst Predicts 244% Shiba Inu Rally Based On Bull Flag Moreover, the recent hard fork’s dual focus—enhancing the Bor and Heimdall components of Shibarium—aims to refine the platform’s technical infrastructure. 1/ #Shibarium has successfully completed its hard fork at block height 4504576! Get ready for: •Blazing-fast transactions! ⚡ •Predictable gas fees! ⛽️ pic.twitter.com/oQrtF3OMTe — Shibarium Network (@ShibariumNet) May 2, 2024 By improving the calculation of state sync confirmation and ensuring deterministic finality, the Shiba Inu team appears keen on improving the network’s reliability and scalability. Featured image from Unsplash, Chart from TradingView
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BDAG Trending With X1 Mining App, Outshines Ethereum Bullish
BlockDAG’s X1 App Beta Launch Catalyzes Momentum Amid Ethereum’s Rise And Solana’s Uncertain Future BlockDAG’s innovative X1 mining app is set to launch as the crypto market sees varied trends, with Ethereum displaying bullish signals and Solana experiencing a downturn. BlockDAG‘s presale has successfully raised $22.3 million, with over 8.4
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Memecoins Resurgence? POPCAT And MEW Lead The Way With 20% Surge
As the crypto market settles in on this new phase of the crypto cycle, some memecoins have shown remarkable performance over the last couple of days. Cat-theme tokens have significantly grown in popularity during this bull run, with some, like Cat in a Dog’s World (MEW), making it to the top 10 memecoins list. Other feline-inspired tokens like Popcat (POPCAT) and Wen (WEN) have had a stellar week after recent partnerships that caused the price to surge by 20% overnight. Related Reading: Why This Crypto Bull Run Might Not Live Up To The Past: Analyst Was The Memecoin Surge Fueled By Bitcoin? The memecoins sector has been dominated by dogs, with tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) being the flagship memecoins for the last few years. During this bull cycle, dog-themed tokens like Bonk (BONK) and dogwifhat (WIF) have been the talk of the town, and some of the tokens with the strongest performance. Since its launch in January 2023, Bonk has surged around 4291%, while WIF has soared about 1512% since December 2023. Moreover, the sector has shown stellar performances with cryptocurrencies like PEPE and Book of Meme (BOME). Bitcoin (BTC) has dominated this cycle alongside memecoins, as highlighted by top crypto analysts like Alex Krüger and Altcoin Sherpa. However, their performance has been strongly co-related to BTC’s in most cases. #BTC this week pic.twitter.com/stjHKi1nR4 — naiive (@naiivememe) May 3, 2024 The rest of the market has gone down with Bitcoin whenever the flagship cryptocurrency faces a strong retrace. Consequentially, when BTC has recovered, most sectors, including memecoins, have regained their levels. It’s worth noting that some tokens like Popcat have continued to perform well, even during the recent rally slowdowns. On Thursday, Bitcoin successfully tested the $59,000 resistance level after spending most of May’s first days hovering between $57,000-$58,000. In the last hours of the day, the largest cryptocurrency seemingly turned the resistance level into a support zone, pumping the price of several memecoins. As a result, the memecoin market was 9.46% up on Thursday night. Similarly, cat-themed tokens were up by 22.09% with a market capitalization of $1.581 billion, per CoinMarketCap data. Cat-Themed Memecoins Take The Lead With Popcat Despite dominating the memecoins market, canine-inspired tokens have lost some ground against the increasing popularity of feline-inspired ones. While the cats’ tokens had increased over 20% in the previous 24 hours, the dogs’ sector only surged 3.7% in the same timeframe. Over the last few days, cat-themed memecoins have been among the top gainers in the crypto market. For instance, Popcat has remarkably maintained its upward trajectory during the recent retrace and also joined the top 10 memecoins list. Popcat, which seems to be building a loyal community, has continuously shown double-digit gain percentages this week. As reported by SolanaFloor, the token momentarily flippled BOME with its $570.3 million market capitalization. Moreover, as Bitcoin reclaimed the $59,000 level, the cat-themed token saw a 31% price increase in the daily timeframe. This made Popcat the largest gainer among the top ten memecoins. According to memecoin analyst Murad, Popcat will surge to $5-10 in the short-term as “the Crowned Top Cat.” As the token reached its all-time high (ATH) of $0.618 on Thursday, the trader highlighted several targets, including a long-term $20 scenario. Murad's prediction for POPCAT. Source: X Murad expects the token “to go to $1 quickly” next time it closes above $0.63. Per the analysts, “It’s Cat Season baby and $POPCAT is in control.” MEW Remains A Popular Cat A month ago, MEW joined the dogs’ pack after becoming the eighth largest memecoin by market capitalization. Since then, the lonely cat’s performance has struggled, with a 51.8% and 28.4% price decrease in the monthly and weekly timeframes. Despite the recent drop in performance, the token has remained one of the hottest topics among altcoins. On Monday, crypto exchange Bidget crowned MEW as the most searched altcoin on the exchange, beating PEPE and SOL on the “#BidgetTrendingSpot.” At the time of writing, the token has shown a remarkable 12% price recovery in the last 24 hours, currently trading at $0.00424. Related Reading: SOL Price Pops 10%, Can Solana Bulls Regain Strength? POPCAT is trading at $0.5389 in the weekly chart. Source: POPCATUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
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LayerZero Completes Airdrop Snapshot for Upcoming ZRO Token Launch
LayerZero Labs has completed the first airdrop snapshot for its native token, ZRO, as of May 1. This development is part of the preparatory steps for the ZRO token’s official launch, expected in the first half of 2024. The snapshot is designed to set the allocations for ZRO tokens to participants deemed eligible. The completion
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