Before you reading,Don't miss coins like PEPE again! Click here to find new PEPEs! Shibarium, the layer-2 solution of Shiba Inu, has completed its hard fork, promising faster transactions and predictable gas fees. The hard fork is a re... Read the full article for FREE at COINOTAG!
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Ethereum Is Top Trending Asset Amid SEC ETH ETF Buzz and $341M Whale Buys
Ethereum (ETH) has become the most trending cryptocurrency on major online platforms. This surge in interest coincides with the U.S. Securities and Exchange Commission (SEC) considering the approval of the first spot Ethereum ETF. Simultaneously, Ethereum whales have significantly increased their holdings, buying over 110,000 ETH worth approximately $341 million in the past 24 hours. The post Ethereum Is Top Trending Asset Amid SEC ETH ETF Buzz and $341M Whale Buys appeared first on CoinGape .
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Blockchain Association Calls for FIT21 House Vote
The Blockchain Association has called for a full House floor vote on the Financial Innovation and Technology for the 21st Century Act (FIT21), or H. R. 4763. The association made the appeal in a letter on Monday to U.S. House Speaker Mike Johnson and Minority Leader Hakeem Jeffries. In the letter, the Blockchain Association emphasized
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Dogwifhat (WIF) Surges 10.4% Amid Whale Frenzy, New ATH Coming Soon?
The recent market pump saw the surge of many sectors in the crypto market. Fueled by Roaring Kitty’s return, part of the memecoin sector registered remarkable gains over the past week, with Tokens like Pepe (PEPE), Popcat (POPCAT), and Dogwifhat (WIF) leading the way. Related Reading: Floki Inu Frenzy: Memecoin Eyes New Highs As Open Interest Soars Due to its recent performance, some analysts forecast a new boost for WIF soon, while some whales load their bags with the dog-themed token. Whales Put Their Hats On Dogwifhat’s price soared after Roaring Kitty’s comeback, surging to $3.25 and prompting whales to fill their bags. However, the price fluctuations over the past week have made some large investors sell the dog-themed memecoin at a loss. After WIF’s price dropped over the weekend, a whale sold 1.7 million tokens at a loss to buy BONK and the Donald Trump-inspired memecoin TREMP, the address initially bought WIF at $2.94 in March and sold it on Sunday at an average of $2.57. Nonetheless, the price drop was seen as an opportunity for other large-scale investors. According to Lookonchain, a whale created a new wallet to buy Dogfight. On Monday, the wallet withdrew 1.83 million USDC from Coinbase to buy the dog-themed token. At the time of the report, the investor had spent 606,000 USDC to buy 227,896 WIF at $2.66. The wallet had 1.22 million USDC left to continue the buying spree. A few hours later, the whale had spent another 400,000 USDC to buy 145,000 more tokens. As of this writing, the address displays a total WIF balance of 472,614, worth around $1.28 million. Similarly, another whale created a new wallet to buy dogwifhat. Per the reports, this whale used SOL to scoop 1 million WIF, worth around $2.53 million, on Sunday. Since then, the address has added more tokens to his bag, currently holding 1.39 million WIF, worth $3.8 million. WIF Ready For A New ATH This Month? The recent whale activity seemingly fueled the token’s price to soar above $2.7, hovering between $2.7 and $2.73 in the following hours. The surge represents a 10.4% increase in the past 24 hours. Despite the recent performance, the token still registers red numbers in longer timeframes. WIF’s price has decreased by 8.3% and 14.8% in the weekly and bi-weekly timeframes. Moreover, its daily trading volume has seen a significant 21.6% decrease in the past 24 hours. Nonetheless, market watchers consider that this cycle’s dog-themed sensation still has its hat on. Crypto trader Scient identified a bull pennant pattern on WIF’s chart. Per the trader, the token is still consolidating inside the pattern. The token’s performance displayed “another bullish sign indicating that this consolidation is ending soon” after having a higher high followed by a lower high. Similarly, Ansem, a popular trader and figure in the crypto world, suggested that WIF could be preparing for new highs. Related Reading: Solana Blasts Past Resistance: Buckle Up For $330 Breakout – Analyst To him, dogfight will reach a new all-time high (ATH) alongside Solana (SOL) by the end of the month? The breakout will end a “3-month period of bullish consolidation after the last leg up,” lining “with BTC’s bullishness.” Featured Image from Unsplash.com, Chart from TradingView.com
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Canada’s ‘Crypto King’ Facing Multiple Years Behind Bars for Allegedly Running $30,475,000 Fraud: Report
Canadian authorities have arrested a 25-year-old man for allegedly masterminding a crypto Ponzi scheme that defrauded investors for over $30 million. After an 18-month investigation, police in Ontario have announced that they arrested Aiden Pleterski for fraud and money laundering charges, Canadian government-funded media CBC reports. Says Ontario Police Chief Peter Moreira, “It’s alleged that The post Canada’s ‘Crypto King’ Facing Multiple Years Behind Bars for Allegedly Running $30,475,000 Fraud: Report appeared first on The Daily Hodl .
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