Crypto News
This Week in Bitcoin: GameStop Reveals Reserve, But Inflation Fears Rear Their Head
Bitcoin was flying high earlier this week amid GameStop's reserve moves, but inflation and trade war fears torpedoed the optimism.Source link
What is Dogwifhat (WIF)? The Solana Dog Meme Coin With a Hat
Dogwifhat has become one of the biggest crypto meme coins. But what actually is it? And where did it come from?Source link
TRUMP and MELANIA Tokens 2 Months Later: A Presidential Meme Coin Experiment
Launched just before Donald Trump’s inauguration, the meme coins TRUMP and MELANIA initially drew significant interest. However, both assets have since experienced dramatic declines, now trading 85% to 95% below their peak valuations. TRUMP and MELANIA’s Post-Inauguration Decline Donald Trump made history as the first U.S. president to debut an official meme coin, TRUMP, onSource link
Why Is the Crypto Market Down Today? Bitcoin Drops to $82K as Traders Flee Risk Assets...
Cryptocurrency prices have experienced a sharp declune over the last few hours, with bitcoin (BTC) now being down around 3% over the last 24 hours, while major altcoins including XRP, BNB, and SOL are down between 4% and 5% over the same period.The broader cryptocurrency market, represented by the CoinDesk 20 Index (CD20), lost around 3.3% of its value over the period. The sharp drop brings BTC’s performance down 1.7% for the week, while CD20 is down nearly 5%.Over the last 24 hours, over $300 million worth of long positions were liquidated on centralized cryptocurrency exchanges, while $38.8 million worth of shorts were liquidated on these platforms, according to CoinGlass data.The drop appears to be part of a wider derisking...
Where All the SEC Cases Are
The U.S. Securities and Exchange Commission has dropped or paused over a dozen ongoing cases (and lost one) since U.S. President Donald Trump retook office just over two months ago and appointed Commissioner Mark Uyeda as acting chair.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.One left?The narrativeThe U.S. Securities and Exchange Commission appears to have closed almost all of its outstanding crypto-related cases — at least the publicly disclosed ones — in the last two months since Mark Uyeda took over as acting chair of the agency. In many of the court filings, the SEC argued that it needs to pull these cases while...