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CryptoQuant CEO Reveals Bitcoin Transaction Processing Speed Has Fallen to 2011 Levels

Ki Young Ju: Bitcoin’s Transformation into Digital Gold Hinders Its Function as a Daily Payment MethodThe CEO of CryptoQuant, Ki Young Ju, has made a striking revelation: the speed of transactions on the Bitcoin network has plummeted to levels last seen in 2011. This significant drop in performance highlights

Solana Foundation Excludes Validator Group from Delegation Program After MEV Attacks

In a decisive move against unethical practices, the Solana Foundation has expelled a group of validators from its delegation program. The team took this action following confirmed instances of the validators participating in Miner Extractable Value (MEV) attacks that targeted network users. Such activities, as reported by The Block citing

Roaring Kitty's $236 Million Loss: GameStop Stocks and Meme Coins Plummet

In a dramatic turn of events, financial analyst Keith Gill, famously known as Roaring Kitty, held his first livestream in three years, revealing a staggering $236 million loss due to declining GameStop stock prices. This disclosure led to a significant drop in both GameStop shares and related meme coins, causing

Kraken Plans to Raise $100 Million Before IPO Amidst Investor Excitement: A Strategic Move Towards Accelerating Global Crypto Adoption

American cryptocurrency exchange Kraken is gearing up for a significant financial milestone. According to Bloomberg, the company aims to raise $100 million by the end of 2024 in what will be its final funding round before launching an initial public offering (IPO). This strategic move comes amidst heightened investor interest

Visa and Mastercard Resume Collaboration with Binance, Enabling Cryptocurrency Purchases and Account Funding

Visa and Mastercard have reinstated their collaboration with the cryptocurrency exchange Binance, allowing users once again to use their cards for purchasing digital assets and funding their accounts. This marks a significant turnaround in the financial landscape for Binance, especially following the temporary disengagement by these payment giants due to

Pump.fun Achieves Record-Breaking Revenue Amid High Demand for Meme Coins

Historical Revenue Peak Reached on Pump.funOn May 29, Pump.fun experienced a significant milestone by reaching its highest revenue in history. Over the past week, the average daily revenue exceeded $780,000, a testament to the platform's growing popularity. This impressive growth is primarily driven by the surging demand

Binance to Implement Restrictions on Certain Stablecoins for European Clients

Cryptocurrency exchange Binance has announced a new policy change that will affect certain stablecoins for its clients within the European Economic Area (EEA). Starting from June 30, 2024, Binance will limit support for "unauthorized" stablecoins as a result of the Markets in Crypto-Assets Regulation (MiCA) framework. This regulation is part

Global Oil Prices Drop to Lowest Level Since Early February: Analyzing the Market Decline

Brent Crude Prices Fall Below $78 Per Barrel for the First Time Since February 6 On June 4, global oil prices experienced a significant drop, with Brent crude prices falling below $78 per barrel for the first time since February 6, 2024. This data was reported by the London-based ICE

Former U.S. President Donald Trump Found Guilty of Document Forgery; Associated Cryptocurrency TRUMP Token Plummets

In a landmark verdict on May 30, 2024, a New York jury found former U.S. President and current presidential candidate Donald Trump guilty of document forgery. NBC News reported the conviction, which marks Trump as the first U.S. president convicted of a criminal offense. The final sentence, which

Trader Turns $861 into $650,000 in 5 Hours with Memecoin Investment on Solana Network

In an extraordinary display of market acumen—or sheer luck—a cryptocurrency trader managed to increase his investment by 762 times, turning a modest $861 into a staggering $650,000 within a span of just five hours. This remarkable financial feat was achieved through strategic trading of the memecoin MOTHER