More Than Half of All Adults in High-Inflation Turkey Are Crypto Investors: KuCoin Study
A new study from the crypto exchange KuCoin suggests that over half of all adults in the country of Turkey own digital assets.
KuCoin says that in the last 18 months, crypto investing has increased from 40% to 52% in Turkey, with a rising trend in female participation.
A new study from the crypto exchange KuCoin suggests that over half of all adults in the country of Turkey own digital assets.
KuCoin says that in the last 18 months, crypto investing has increased from 40% to 52% in Turkey, with a rising trend in female participation.
Ark Invest’s Spot Bitcoin ETF Inches Closer To SEC Approval
Cathie Wood’s Ark Invest has made significant updates to its spot Bitcoin ETF prospectus through a filing with the Securities and Exchange Commission. The asset management firm addressed earlier concerns highlighted by the SEC, which could be seen as a good sign of impending approval.
Ark Invest Revises Its Spot Bitcoin ETF ProposalArk Invest updated its spot Bitcoin ETF filing through an amendment submitted to the U.S. Securities and Exchange Commission (SEC) on Wednesday.
The amendment adds new information regarding its strategy to determine asset values and how it plans to provide custody of the fund’s underlying assets. While most in the crypto community are already anxious about the over a dozen spot ETF filings and the current review process by the SEC, the revisions to the Ark Invest submission could impact its success positively.
Cathie Wood’s Ark Invest has made significant updates to its spot Bitcoin ETF prospectus through a filing with the Securities and Exchange Commission. The asset management firm addressed earlier concerns highlighted by the SEC, which could be seen as a good sign of impending approval.
Ark Invest Revises Its Spot Bitcoin ETF ProposalArk Invest updated its spot Bitcoin ETF filing through an amendment submitted to the U.S. Securities and Exchange Commission (SEC) on Wednesday.
The amendment adds new information regarding its strategy to determine asset values and how it plans to provide custody of the fund’s underlying assets. While most in the crypto community are already anxious about the over a dozen spot ETF filings and the current review process by the SEC, the revisions to the Ark Invest submission could impact its success positively.
Euler Network Navigating the Metaverse – Beyond Gaming to Crypto Realms’ Future
The metaverse, a thriving frontier in the crypto world, has become a focal point of exploration and innovation. As digital realms evolve, Euler Network positions itself as a dynamic force, ready to transcend the gaming-centric landscape exemplified by cryptocurrencies like Axie Infinity (AXS) and Decentraland (MANA). By delving into Euler Network’s role in this emerging trend, we gain valuable insights into its potential in the ever-evolving digital worlds.
The metaverse, a thriving frontier in the crypto world, has become a focal point of exploration and innovation. As digital realms evolve, Euler Network positions itself as a dynamic force, ready to transcend the gaming-centric landscape exemplified by cryptocurrencies like Axie Infinity (AXS) and Decentraland (MANA). By delving into Euler Network’s role in this emerging trend, we gain valuable insights into its potential in the ever-evolving digital worlds.
Cardano (ADA) Price Analysis: Can It Rally Above This Hurdle?
Cardano price is holding the $0.600 support against the US Dollar, like Bitcoin. ADA price could gain bullish momentum if it clears the $0.640 resistance.
Cardano Price (ADA) AnalysisThis past week, Cardano price started a fresh decline from well above the $0.6700 zone against the US Dollar. The ADA/USD pair declined below the $0.6400 and $0.6400 support levels.
It tested the $0.5800 zone. A low was formed near $0.5800, and the price recently started a fresh increase. There was a move above the $0.600 and $0.605 resistance levels. The price even spiked above the 50% Fib retracement level of the downward move from the $0.6785 swing high to the $0.5800 low.
Cardano price is holding the $0.600 support against the US Dollar, like Bitcoin. ADA price could gain bullish momentum if it clears the $0.640 resistance.
Cardano Price (ADA) AnalysisThis past week, Cardano price started a fresh decline from well above the $0.6700 zone against the US Dollar. The ADA/USD pair declined below the $0.6400 and $0.6400 support levels.
It tested the $0.5800 zone. A low was formed near $0.5800, and the price recently started a fresh increase. There was a move above the $0.600 and $0.605 resistance levels. The price even spiked above the 50% Fib retracement level of the downward move from the $0.6785 swing high to the $0.5800 low.
CryptoQuant Unveils Huge Downside Target for Bitcoin (BTC) Following ‘Sell-the-News’ Event This Month
On-chain analytics platform CryptoQuant believes that a deep corrective move is brewing for Bitcoin as the market eagerly anticipates the possible approval of spot-based BTC exchange-traded funds (ETFs).
In a research report, CryptoQuant says that the approval of Bitcoin ETFs sometime this month could be a sell-the-news event as BTC investors are now sitting on significant gains.
On-chain analytics platform CryptoQuant believes that a deep corrective move is brewing for Bitcoin as the market eagerly anticipates the possible approval of spot-based BTC exchange-traded funds (ETFs).
In a research report, CryptoQuant says that the approval of Bitcoin ETFs sometime this month could be a sell-the-news event as BTC investors are now sitting on significant gains.
Socialfi’s Shining Star Friend.tech Dims: A Tale of Decline and Disinterest
Just a few months back, social finance (socialfi) platforms were the talk of the town, with Friend.tech leading the charge amidst surging popularity. Yet, as the curtains closed on October 2023, this once-celebrated socialfi platform witnessed a sharp decline in user engagement, and data from defillama.com revealed a steep fall in its revenue.
From Crypto Craze to Quiet DeclineDuring the height of the socialfi buzz in mid-August, crypto enthusiasts couldn’t stop discussing platforms like Friend.tech, a decentralized network driven by social tokens. Friend.tech introduced a novel concept allowing users to purchase and sell “keys” to initiate conversations with others, essentially letting individuals capitalize on their social influence. By Aug. 21, 2023, Friend.tech boasted an impressive tally of 1.51 million transactions and $840K in revenue within a 24-hour span.
Come mid-September 2023, daily transactions on Friend.tech fluctuated between 250,000 and over 500,000. Yet, the platform began to experience a marked downturn in activity and revenue post-Oct. 29, 2023. Transactions nosedived by nearly 90%, and revenue tumbled from a mid-September peak of $1.14 million to under $60,000 by February 3, 2024. According to defillama.com, the total value locked (TVL) in Friend.tech also saw a reduction, dropping from $52 million to a present $28.33 million.
Just a few months back, social finance (socialfi) platforms were the talk of the town, with Friend.tech leading the charge amidst surging popularity. Yet, as the curtains closed on October 2023, this once-celebrated socialfi platform witnessed a sharp decline in user engagement, and data from defillama.com revealed a steep fall in its revenue.
From Crypto Craze to Quiet DeclineDuring the height of the socialfi buzz in mid-August, crypto enthusiasts couldn’t stop discussing platforms like Friend.tech, a decentralized network driven by social tokens. Friend.tech introduced a novel concept allowing users to purchase and sell “keys” to initiate conversations with others, essentially letting individuals capitalize on their social influence. By Aug. 21, 2023, Friend.tech boasted an impressive tally of 1.51 million transactions and $840K in revenue within a 24-hour span.
Come mid-September 2023, daily transactions on Friend.tech fluctuated between 250,000 and over 500,000. Yet, the platform began to experience a marked downturn in activity and revenue post-Oct. 29, 2023. Transactions nosedived by nearly 90%, and revenue tumbled from a mid-September peak of $1.14 million to under $60,000 by February 3, 2024. According to defillama.com, the total value locked (TVL) in Friend.tech also saw a reduction, dropping from $52 million to a present $28.33 million.
Global Cryptocurrency Market Valuation Nears $3 Trillion
The cryptocurrency market is recovering, now reflected in its overall market capitalization. As Bitcoin and other altcoins soar in price, the collective growth has been reflected in the market’s total value, which has now surpassed $2.7 trillion.
The year has unravelled bullishly for crypto assets as demand for Bitcoin grows with the adoption of Spot Bitcoin ETFs. In addition, alternative digital assets are also experiencing a bullish rally as price value and trading volume soared to unprecedented levels.
The cryptocurrency market is recovering, now reflected in its overall market capitalization. As Bitcoin and other altcoins soar in price, the collective growth has been reflected in the market’s total value, which has now surpassed $2.7 trillion.
The year has unravelled bullishly for crypto assets as demand for Bitcoin grows with the adoption of Spot Bitcoin ETFs. In addition, alternative digital assets are also experiencing a bullish rally as price value and trading volume soared to unprecedented levels.
Analyst Says Dogecoin and Two Altcoins Flying Under the Radar Flashing Bullish Signal – Here’s His Outlook
A closely followed crypto trader believes that Dogecoin (DOGE) could be gearing up for a massive rally to the tune of over 530%.
Analyst Ali Martinez tells his 59,800 followers on the social media platform X that Dogecoin has remained faithful to a pattern seen during the 2017 and 2021 bull cycles.
According to the trader, DOGE appears to be consolidating in preparation for a big rally en route to a fresh all-time high.
A closely followed crypto trader believes that Dogecoin (DOGE) could be gearing up for a massive rally to the tune of over 530%.
Analyst Ali Martinez tells his 59,800 followers on the social media platform X that Dogecoin has remained faithful to a pattern seen during the 2017 and 2021 bull cycles.
According to the trader, DOGE appears to be consolidating in preparation for a big rally en route to a fresh all-time high.
Roaring Kitty Returns to Send GameStop Stock Soaring
Keith Gill, more popularly known online as ‘Roaring Kitty’, returned to Reddit after a long-tenured absence to let users of the r/Superstonk subreddit know about their recent $115.7 million worth purchase of 5 million GameStop (GME) stocks. They are often attributed as the user that facilitated the GME short squeeze that sent GME stocks surging at a time when institutions were short-selling the stocks.
This unforgettable phenomenon occurred during the COVID-19 pandemic on r/wallstreetbets and gave rise to the term ‘meme stocks’. Another meme stock of the time was AMC – its price, too, was driven to the moon in 2020, alongside GME’s price.
Keith Gill, more popularly known online as ‘Roaring Kitty’, returned to Reddit after a long-tenured absence to let users of the r/Superstonk subreddit know about their recent $115.7 million worth purchase of 5 million GameStop (GME) stocks. They are often attributed as the user that facilitated the GME short squeeze that sent GME stocks surging at a time when institutions were short-selling the stocks.
This unforgettable phenomenon occurred during the COVID-19 pandemic on r/wallstreetbets and gave rise to the term ‘meme stocks’. Another meme stock of the time was AMC – its price, too, was driven to the moon in 2020, alongside GME’s price.
Get your FREE Entry NFT for Crypto: The Game!
Uniswap's acclaimed Crypto: The Game is about to launch its third season. You must purchase Entry NFT to participate in this survival game, but right now you can get Entry NFT for FREE (just by paying gas for the NFT claim).
Moreover, you can get Entry NFT in all the blockchains supported by the game, namely Ethereum, BSC, Base, Polygon, Arbitrum, Avalanche and Optimism. This will increase your chances in the game. Hurry up! There are only a few days left until the start of the third season!
Website: Crypto: The Game
Uniswap's acclaimed Crypto: The Game is about to launch its third season. You must purchase Entry NFT to participate in this survival game, but right now you can get Entry NFT for FREE (just by paying gas for the NFT claim).
Moreover, you can get Entry NFT in all the blockchains supported by the game, namely Ethereum, BSC, Base, Polygon, Arbitrum, Avalanche and Optimism. This will increase your chances in the game. Hurry up! There are only a few days left until the start of the third season!
Website: Crypto: The Game
Uniswap Labs’ Crypto: The Game set for Emmy Award consideration
Uniswap Labs may bag the crypto industry’s first Emmy Award for its recently acquired Crypto: The Game (CTG). The online survival game is a huge hit with degen gamers and a contender for an Emmy nomination in the Outstanding Emerging Media Program category.
The game is based on a TV reality show format, pitting ten “tribes” of 80 players against each other as they struggle to survive daily “immunity challenges,” such as competing in arcade games or winning an online digital scavenger hunt.
Uniswap Labs may bag the crypto industry’s first Emmy Award for its recently acquired Crypto: The Game (CTG). The online survival game is a huge hit with degen gamers and a contender for an Emmy nomination in the Outstanding Emerging Media Program category.
The game is based on a TV reality show format, pitting ten “tribes” of 80 players against each other as they struggle to survive daily “immunity challenges,” such as competing in arcade games or winning an online digital scavenger hunt.
Third season of Crypto: The Game starting next week! Hurry up and get your Free entry NFT now!
The Emmy-nominated game is about to launch its third season, which promises to be the biggest event in the crypto gaming industry ever! Don't miss your chance to be a part of this story.
Link: Crypto: The Game
The Emmy-nominated game is about to launch its third season, which promises to be the biggest event in the crypto gaming industry ever! Don't miss your chance to be a part of this story.
Link: Crypto: The Game
Marketmaker Gotbit has unveiled a revolutionary tool for traders with free trial period
Gotbit Labs is thrilled to announce the launch of the latest innovation – Gotbit DEX Manager, a comprehensive decentralized exchange management tool designed to streamline your trading experience.
To activate the FREE period, connect with your active wallet on one or more supported blockchains (Ethereum, BSC, Base, Arbitrum, Avalanche, Optimism, Polygon). This wallet address will be connected to Gotbit DEX manager and you will be able to use the system only from this address for 1 month for free. After 1 month you will be able to prolong the work on one of the tariffs offered in the system.
Gotbit Labs is thrilled to announce the launch of the latest innovation – Gotbit DEX Manager, a comprehensive decentralized exchange management tool designed to streamline your trading experience.
To activate the FREE period, connect with your active wallet on one or more supported blockchains (Ethereum, BSC, Base, Arbitrum, Avalanche, Optimism, Polygon). This wallet address will be connected to Gotbit DEX manager and you will be able to use the system only from this address for 1 month for free. After 1 month you will be able to prolong the work on one of the tariffs offered in the system.
Analyst Jason Pizzino Says Bitcoin Could Potentially Skyrocket to New All-Time High – But There’s a Catch
A closely followed crypto analyst says that Bitcoin (BTC) could surge to a new all-time high within the next few months.
In a new video update, crypto strategist Jason Pizzino tells his 330,000 YouTube subscribers he has concluded that the top crypto asset by market cap will likely skyrocket to a new record price to finish off this cycle.
A closely followed crypto analyst says that Bitcoin (BTC) could surge to a new all-time high within the next few months.
In a new video update, crypto strategist Jason Pizzino tells his 330,000 YouTube subscribers he has concluded that the top crypto asset by market cap will likely skyrocket to a new record price to finish off this cycle.
Trader earned $650,000 on Memecoins in just 12 minutes with Gotbit DEX Manager
A novice trader posted on his Twitter that he was able to make over $650,000 in just 12 minutes using new software from marketmaker Gotbit Labs.
Earlier it became known that Gotbit DEX Manager became the most popular software for launching MEV bots on the Base and Ethereum networks.
A novice trader posted on his Twitter that he was able to make over $650,000 in just 12 minutes using new software from marketmaker Gotbit Labs.
Earlier it became known that Gotbit DEX Manager became the most popular software for launching MEV bots on the Base and Ethereum networks.
Gotbit has opened up free access to its DEX Manager
According to Gotbit CEO Alex Andryunin, access to their most advanced service will be free for all users during this week. The action is designed to attract new traders to familiarize themselves with the product's functionality and demonstrate all of its capabilities.
According to Gotbit CEO Alex Andryunin, access to their most advanced service will be free for all users during this week. The action is designed to attract new traders to familiarize themselves with the product's functionality and demonstrate all of its capabilities.
rWintermute develops an analog of Gotbit DEX Manager
The success of the Gotbit DEX Manager service for creating and promoting meme tokens on EVM blockchains is forcing the largest market makers to create similar services for the mass market. Only last month traders from this platform earned more than 100 million dollars.
The success of the Gotbit DEX Manager service for creating and promoting meme tokens on EVM blockchains is forcing the largest market makers to create similar services for the mass market. Only last month traders from this platform earned more than 100 million dollars.
BlackRock’s ETFs surpass Grayscale’s in assets: Arkham
BlackRock, the world’s largest asset manager, has recently surpassed Grayscale in total assets under management (AUM) for digital asset exchange-traded funds (ETFs). Despite offering only two funds—IBIT, a spot Bitcoin ETF, and ETHA, a spot Ethereum ETF—BlackRock’s combined AUM has reached $21.6 billion. This figure slightly surpasses the $21.3 billion managed by Grayscale across its four funds: GBTC, BTC Mini, ETHE, and ETH Mini, according to data from blockchain intelligence firm Arkham.
This change shows the direction in which institutional investors are increasingly interested in BlackRock’s digital assets. For instance, Morgan Stanley last week confirmed that it reduced almost all its $269.9 million exposure to GBTC by Grayscale and owns 5.5 million shares in BlackRock’s IBIT with a market value of about $187.1 million. Goldman Sachs also claimed to have ownership of approximately 6.93 million IBIT shares valued at about $235 million and had $35 million in Grayscale’s converted fund, as well as around $150 million invested in other spot Bitcoin ETFs.
BlackRock, the world’s largest asset manager, has recently surpassed Grayscale in total assets under management (AUM) for digital asset exchange-traded funds (ETFs). Despite offering only two funds—IBIT, a spot Bitcoin ETF, and ETHA, a spot Ethereum ETF—BlackRock’s combined AUM has reached $21.6 billion. This figure slightly surpasses the $21.3 billion managed by Grayscale across its four funds: GBTC, BTC Mini, ETHE, and ETH Mini, according to data from blockchain intelligence firm Arkham.
This change shows the direction in which institutional investors are increasingly interested in BlackRock’s digital assets. For instance, Morgan Stanley last week confirmed that it reduced almost all its $269.9 million exposure to GBTC by Grayscale and owns 5.5 million shares in BlackRock’s IBIT with a market value of about $187.1 million. Goldman Sachs also claimed to have ownership of approximately 6.93 million IBIT shares valued at about $235 million and had $35 million in Grayscale’s converted fund, as well as around $150 million invested in other spot Bitcoin ETFs.
The new big memcoin on SunPump is gaining momentum
ADDICT is a token that impressed the users of SunPump with its narrative and conceptual art and broke into the top Ranking. It is enough just to look at the website, Telegram or Twitter of this project and it becomes clear that we are facing a very unorthodox player in the world of one-type pictures with dogs.
The token page on SunPump: https://sunpump.meme/token/TU25NpvYnW9YKQSD15yWJQEh9ov1NJrTEU
ADDICT is a token that impressed the users of SunPump with its narrative and conceptual art and broke into the top Ranking. It is enough just to look at the website, Telegram or Twitter of this project and it becomes clear that we are facing a very unorthodox player in the world of one-type pictures with dogs.
The token page on SunPump: https://sunpump.meme/token/TU25NpvYnW9YKQSD15yWJQEh9ov1NJrTEU
sunpump.meme
Sun Pump
The First Meme Fair Launch Platform on Tron:swap,earn,meme culture,instantly tradable without having to seed liquidity
CryptoQuant Founder Senses “Bullish Vibes” As Binance Founder CZ’s Early Release Bolsters Market Optimism
Binance co-founder Changpeng Zhao, fondly known in the crypto space as CZ, was slated to be released from custody on Friday evening, two days ahead of his scheduled release date, following his four-month stint in prison.
Now, crypto community members are speculating on the potential impact CZ’s early release could have on the market. CryptoQuant founder, for instance, has suggested that if he announces his return, the crypto market will rocket higher.
Binance co-founder Changpeng Zhao, fondly known in the crypto space as CZ, was slated to be released from custody on Friday evening, two days ahead of his scheduled release date, following his four-month stint in prison.
Now, crypto community members are speculating on the potential impact CZ’s early release could have on the market. CryptoQuant founder, for instance, has suggested that if he announces his return, the crypto market will rocket higher.