Author: CryptoHoppers
Useless Coin has emerged as a surprising outlier in a bearish crypto landscape, surging over 1,700% in June even as broader Solana meme coins and blue-chip tokens like Bitcoin retreat. Powered by aggressive accumulation from smart money and whales, and supported by thinning exchange balances, the meme coin has hit a $100 million market cap and caught the attention of traders hunting for upside. While momentum indicators now flash caution, Useless Coin’s rise underscores the unpredictable nature of meme-driven markets—and the powerful role of investor sentiment. Useless Coin (USELESS) token jumped to a high of $0.1092 this week, up by…
Key Takeaways CoinMarketCap’s front end was compromised, displaying unauthorized wallet verification pop-ups to users. The breach exploited a backend API vulnerability linked to the platform’s doodles feature, prompting an ongoing investigation. Share this article CoinMarketCap’s front end was compromised on June 20, with its webpage displaying unauthorized pop-up messages asking visitors to verify their crypto wallets. The malicious pop-up was first flagged by several crypto community members.The platform’s team confirmed the incident and warned users against connecting their wallets while they investigate and work to resolve the issue. 🚨 Security Alert We’re aware that a malicious pop-up prompting users to…
Kaia price continued its strong rally on Friday, June 20, reaching its highest level since Jan. 26 and marking a 123% gain from its lowest level this year. Kaia (KAIA) rose by 18%, hitting a high of $0.20 and bringing its market capitalization to over $1.2 billion. Its 24-hour volume jumped 40% to $136 million, while its futures open interest climbed to a record high of $63 million. Kaia has been in the spotlight after integrating Tether (USDT) on its blockchain. The developers also pledged to support a South Korean won stablecoin on the chain. The rally accelerated on June…
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Key Takeaways Federal Reserve Governor Waller supports a possible interest rate cut as soon as July. Current futures markets indicate traders expect a rate cut later, most likely in September. Share this article Fed Governor Christopher Waller has shown support for an interest rate cut in July, saying that inflation is no longer a major economic threat and that the central bank should begin easing before any labor market slowdown.Waller, speaking in a recent CNBC “Squawk Box” interview, argued that it would be unwise to wait for the job market to deteriorate before responding. He suggested that the Fed should…
X chief executive Linda Yaccarino clarified that users will soon gain the ability to conduct investments and trades directly on the social network. Yaccarino emphasized, “You will be able to live your whole financial life on this platform.” From Tweets to Trades: X to Launch Finance Features With U.S. Rollout First Linda Yaccarino, CEO of […] Source link
TLDR: Coinbase aims to tokenize equities for 24/7 blockchain-based trading access. The exchange needs SEC approval before launching tokenized stock offerings. Regulatory clarity could unlock wider institutional participation in tokenized assets. Kraken launched xStocks abroad, but U.S. access remains limited due to SEC rules. Coinbase is preparing to enter the tokenized equities market, aiming to offer stock trading through blockchain technology in the United States. The crypto exchange is pursuing approval from the U.S. Securities and Exchange Commission to launch the service. If cleared, the move could mark a shift in how traditional equities are traded, blending blockchain with mainstream…
Key Takeaways Russia’s crypto mining sector is still largely unregistered despite new rules. The Russian government is considering increasing fines to enforce compliance with the crypto mining regulations. Share this article Russian Deputy Minister of Finance Ivan Chebeskov said Thursday that the country’s mining sector still operates largely in the shadows, with only 30% of miners registered with the Federal Tax Service since President Vladimir Putin signed new mining legislation in the summer of 2024.Chebeskov, speaking at the 28th St. Petersburg International Economic Forum (SPIEF), said that the goal of introducing mining laws was to bring more transparency and oversight…
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved…
Shanghai’s new e-CNY operations center is China’s answer to the stablecoin-led disruption of cross-border finance, signaling that the digital yuan isn’t just for domestic trials anymore, but for an open audition on the global economic stage. On June 18, People’s Bank of China Governor Pan Gongsheng took the stage at Shanghai’s Lujiazui Forum to unveil what may become the digital yuan’s most consequential maneuver yet. Among eight sweeping reforms, the establishment of an e-CNY international operations center stood out, designed to pilot blockchain-based trade finance tools and streamline cross-border settlements. Pan was deliberate in his speech. While acknowledging that stablecoins…