Crypto News
Creator of Controversial LIBRA Memecoin Introduced MELANIA, Says He Sniped Both Tokens
Kelsier CEO Hayden Davis, the brains behind the controversial LIBRA memecoin, said he also launched the MELANIA memecoin and that his team sniped both tokens as soon as the contract addresses went live.LIBRA was released on Friday, sparking a now-deleted tweet of support from Argentina's President Javier Milei saying it would support small and mid-sized businesses in the country. His backtracking on the project prompted a 95% plunge in the token's value.Sniping is when people use bots to buy memecoins seconds after the smart contract goes live. Wallets that snipe funds are often those that end up with the majority of profit.The token was "not a rug pull," Davis insisted in an interview with crypto scam hunter Coffeezilla. "It's...
Polymarket Bet Signals 78% Chance for SEC-Approved XRP ETF, Higher Odds for SOL and LTC Funds
Based on fresh data from the prediction marketplace Polymarket, there is a 78% probability that the U.S. Securities and Exchange Commission (SEC) will approve an XRP exchange-traded fund (ETF) this year. Wagers Point to High Odds for SEC-Approved XRP, LTC and SOL ETFs Enthusiastic bettors on Polymarket believe the SEC will authorize an XRP ETFSource link
Ether ETFs Register $393M in Inflows This Month as Crypto Investors Turn Their Back on Bitcoin
If you believed that ether's (ETH) early-month price crash to $2,000 on some exchanges would drive investors away, think again. Activity in the U.S.-listed spot ETFs indicates that traders have strongly pivoted to ether from bitcoin (BTC).This month, the nine ether spot exchange-traded funds (ETFs) listed in the U.S. have recorded a cumulative net inflow of $393 million, according to data from Farside Investors. This figure is also seven times larger than the inflows seen in January, as reported by Glassnode. Notably, these funds experienced outflows on only two trading days.In contrast, the 11 bitcoin ETFs have faced a net outflow of $376 million this month. Sentiment has been so weak that these funds have recorded inflows on just four...
Judge Assigned to Probe Argentina’s President Milei Over Alleged Crypto Scam
The probe will tackle President Milei alleged promotion of LIBRA, a Solana-based token that lost investors millions.Source link
Bitcoin Is Coiled Like a Spring, A Breakout of This Range is Coming: Van Straten
Bitcoin (BTC) is known to be a volatile asset, but as of late, this is not the case; bitcoin has been trading in a very tight range since the end of November, between $91,000 and $109,000.In other words, bitcoin’s volatility has compressed enormously. According to Glassnode data, the 2-week realized volatility, which provides of how turbulent the asset was in the past two weeks, measures volatility over the past two weeks annually, has dropped to an annualized 32%, one of the lowest levels in years. In addition, the options implied one-month volatility, which is the market’s expectation for volatility over four weeks, has slipped below annualized 50%, again one of the lowest levels in years.To put into context how much...