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Bitcoin briefly rose above US$30,000 twice this week, but failed to remain the support level despite positive catalysts in the industry like the launch of PayPal’s new stablecoin. Bitcoin will have to close the week above US$29,300 for upward momentum, industry experts told Forkast.
Bitcoin briefly fell to US$26,166 this week, as BRC-20 memecoins flooded the blockchain, raising network congestion issues. Market analysts told Forkast that a weekly close under US$26,111 signals more bearish momentum
Welcome to Forkast IQ, presented by Megha Chaddah, where we look beyond the headlines to get you insights that power smarter decisions. Coming up on today’s show:
Top blockchain and crypto news: Memecoin fever strains BTC network. Binance slams brakes on Bitcoin withdrawals. Chinese court allows crypto for repaying debt.
Bitcoin network faces heightened congestion with over 5 million inscriptions, exacerbating block space demand as BRC-20 tokens achieve a market cap milestone of $1 billion, contributing to increased activity on the network.
Thanks to generative AI, a struggling artist with no coding skills created tokens now worth $70 million. What does this mean for the rest of the crypto world?
Bitcoin and major cryptocurrencies reacted positively to the latest CPI report that stated annual inflation in the U.S. rose 4.9% in April, beating market expectations.
Bitcoin edged higher on Wednesday morning in Asia to hold above the US$27,500 mark. Ether also gained. Other top 10 non-stablecoin tokens traded mixed.
Bitcoin fell below US$28,000 on Tuesday morning in Asia as memecoin hype clogged the network and drove up transaction fees. Ether and all other top 10 non-stablecoin tokens dropped.
Welcome to Market Movers – April 28, 2023 – presented by Megha Chaddah. It’s been a wild week in the world of crypto. From fears of collapsing banks to unsubstantiated rumors crashing the price of Bitcoin briefly, the crypto market has somehow found its footing and recovered by the end of the working week. On […]
Welcome to The Daily Forkast – April 28, 2023 – presented by Megha Chaddah. The crypto markets end the week on a strong note after a difficult start, with most of the major cryptocurrencies trading in the green once again. The NFT markets had a tougher time today though, as most of the Forkast Indexes […]
Top blockchain and crypto news: Coinbase in court to force SEC’s hand. PEPE surge lifts memecoin mood. China paves CBDC path with payroll.
Bitcoin fell below US$27,500 support on Tuesday morning in Asia. Ether and most other top 10 tokens traded lower amid a broader correction.
PEPE, a memecoin launched on April 14, fell 18.81% to US$0.0000002626 in the 24 hours to 7 p.m. on Monday in Hong Kong. The coin is still up over 392% on the weekly chart and has a market capitalization of US$116 million, according to DEXTools.
A new memecoin craze is raising Ethereum transaction fees, but it’s also bringing new liquidity in for non-fungible tokens.
Bitcoin posted the biggest gains during Asian trading hours on Thursday, along with increases in the rest of the top 10 non-stablecoin cryptocurrencies
DeFi Summer has cooled into Crypto Winter, but with a silver lining — investors are finally asking sensible questions like: ‘Where does the yield come from?’ writes Julian Koh of Ribbon Finance.
Bitcoin and Ether continued their weekly slide, while all other top 10 cryptocurrencies by market capitalization fell in Friday morning trading in Asia. The world’s number one cryptocurrency fell below US$23,000 for the first time in over a week. Investors remain tentative about macroeconomic trends – inflation and interest rates in the U.S. and a […]
Bitcoin flirted with US$25,000 over the weekend while Ethereum broke through the US$2,000 barrier before both lost steam in early trading in Asia on Monday. Leading “memecoin” tokens Dogecoin (DOGE) and Shiba Inu token (SHIB) jumped, with DOGE re-entering the crypto top 10 by market cap. See related article: Markets: Bitcoin dips, Ether little changed; […]
The price of BNB Chain-based Teddy Doge (TEDDY) fell over 99.9% in 24 hours on Monday in Asia as over US$4.5 million of the token was sold over the weekend, in what some analysts described as a “soft rug pull.” The token was trading at just a fraction of a dollar on Tuesday in Asia. […]
Dogecoin and Shiba Inu have been staging a strong comeback since Elon Musk came out on Sunday supporting the former. See related article: Has ‘Crypto Winter’ arrived with Bitcoin, Ether prices falling? Fast facts Dogecoin rose more than 15% in morning trade on Wednesday in Asia, according to CoinMarketCap data. The memecoin rose to a […]
Holders of the world’s leading memecoin are hoping for a repeat of 2021 where a community effort helped propel the token’s price into the stratosphere. But one industry watcher says the market is a very different place now.
Shiba Inu (SHIB) developers announced they will be releasing plots of land in an upcoming metaverse — codenamed Shiberse. Fast facts The “Shiba Lands” would be available through the native token of the ecosystem LEASH and the developers said they were working on a queue system based on LEASH holdings to prevent bots from pumping […]
Last weekend’s rally shows there is still life left in memecoins. Industry insiders weigh in on where they stand in the long run.
Memecoins, led by Dogecoin (DOGE) and Shiba Inu (SHIB), have been among the biggest movers in this week’s rally, gaining more than 20% in market cap as a token category over the past 24 hours, Tuesday morning Asia time, according to CoinGecko. Fast facts SHIB was one of the strongest performers, gaining almost 30% in […]
It’s come full circle: Shiba Inu holders can now spend their SHIB at GameStop — the company that helped trigger the memecoin trend.
SafeMoon, known for high fees and social media hype, is now 85% below its all-time high. What lies in SafeMoon’s future?
Top blockchain and crypto news: Stablecoins at regulatory crossroads. Squid Game crypto players suffer shocking fate. Are metaverses China’s new national insecurity?
China’s tech cut ties to NFTs as Squid Game token leaves users questioning its legitimacy.
Dogecoin copycat token SHIB jumped almost 60% in less than 24 hours on Sunday to reach a new all-time high of US$0.00004442, as DOGE also surged over the weekend. SHIB was trading at US$0.00003937 at press time, and is now the 13th largest token by market cap, according to data from CoinMarketCap.com. Fast facts This […]
Money, culture and community are now converging in NFTs and the token economy, writes Lily Z. King. Welcome to a new world where ‘money Lego’ meets ‘culture Lego.’
Outstripping the explosive growth of Dogecoin in the past week, copycat memecoin SHIB was up over 300% over the past four days this morning, briefly reaching a five-month high of US$0.00003436, according to CoinGecko. Fast facts Trading at US$0.00003079 at press time, this marks the second massive jump in the Shiba Inu coin’s price since […]
Top blockchain and cryptocurrency news: El Salvador’s BTC experiment. EthereumMax and the power of celebrity. Hong Kong shores up regulatory oversight.
Deadline looms for Korean exchanges as Doge meme valuation explodes
Just as Dogecoin prices are once again going to the dogs, a Chicago animal shelter is asking for DOGE donations to help real-life dogs in the dumps. Fast facts PAWS Chicago has launched a “Dogenation” campaign, which allows animal lovers to donate to the charity in cryptocurrencies — not just Dogecoin — via QR codes […]
Following a few years of inactivity, the Dogecoin Foundation is being reestablished with Ethereum co-founder Vitalik Buterin serving as the organization’s “blockchain and crypto adviser,” according to an announcement posted Tuesday on the foundation’s website. Fast facts Originally founded in 2014, the non-profit organization aims to support the Dogecoin ecosystem and community with a particular […]
Amid a surge in the price of Dogecoin, Seychelles-based crypto and derivatives exchange OKEx has listed Baby Doge Coin — a new cryptocurrency “created by fans of of the widely popular Dogecoin” — for spot trading, according to a company news release. Fast facts OKEx’s listing had a brief positive impact on Baby Doge’s price […]
A revealing feature article on the hidden world of “hypecoins” was published by the New York Times yesterday, in which journalist David Segal recounted the process of creating and then selling his own hypecoin, which he called IdoitCoin. Fast facts Hypecoins, otherwise known as memecoins, are tokens with little or no intrinsic value, created only […]
The fee-free trading platform’s initial public offering promises plenty of action for retail investors, but pitfalls may lie in wait amid trading volatility and wider adoption of business model.
Ban on branded content covers range of financial services and ‘get-rich-quick’ schemes boosted by influencers with young followings.
Top blockchain and cryptocurrency news: Binance bounced out of Britain. Musk moves Shiba Inu prices again. China’s digital currency gets ready to roll.
Elon Musk set off a new SHIB price rally after tweeting that he would name his Shiba Inu—the dog breed that the joke meme coin is named after—’Floki.’
Coinbase will add Shiba Inu, Chiliz and Keep Network to its professional trading platform with full trading beginning at 9am PT if liquidity conditions are met.
Shiba Inu is the new “Doge killer” and Chinese investors “can’t get enough” of it, says Gate.io, as #SHIB trends in Weibo.
Crypto veterans are appalled by the sudden popularity of $hitcoins like DOGE and SHIB. But others say memecoins are making investing more accessible.
Is Binance Smart Chain’s meteoric rise from PancakeSwap and cryptocurrency SafeMoon sustainable, and is an ‘Ethereum killer’ now finally closer to reality?