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Yesterday, billionaire Binance founder Changpeng Zhao (CZ) asked how to launch a memecoin based on his pet dog. Acting as if he truly didn’t know how memecoin launches worked, he claimed that a few hours of research on X would help catch him up on the trend. He promised to “mull it over for a day or so.” Obviously, impatient traders jumped into action, and the topic instantaneously trended on X. Some bought existing dog-themed coins on BNB Chain while more sophisticated internet sleuths scoured the web for old photos of CZ, friends, and coworkers in a search for his dog. Honest newbie question. How does this work? I share my dog's name and picture, and then people create memcoins? How do you know which one is "official"? or does that even matter? (I see many people asking for a name and a picture. ) https://t.co/ZcvEhzgwmM — CZ BNB (@cz_binance) February 12, 2025 Read more: Binance moved $8 billion off its proof-of-reserves BNB Chain tra...

A popular crypto analyst is still optimistic about a new memecoin that’s already up nearly 50x in less than three months. The pseudonymous trader known as Altcoin Sherpa says that he thinks the Solana (SOL)-based memecoin Fartcoin (FARTCOIN) will still go up, but he notes that he has some concerns. “I decided to lower my size on this one yesterday and am going to be patient with Fartcoin from here on out. I still think it’s an amazing meme and it’s going to go much higher but I would like to see it chop around more and make sure it doesn’t suffer the same fate as the other big memes that just had perpetual futures on Binance. Virtual and aixbt are promising but I feel like that’s a bit different than this. Going to watch but will consider adding more later.”  Fartcoin is trading at $0.954 at time of writing. The 122nd-ranked crypto asset by market cap is down nearly 9% in the past 24 hours but up more than 3,750% since it ...

It is often difficult to differentiate between tokens with long-term and short-term potential. Investors and traders might spend several hours analyzing a particular token only to be disappointed by the performance. This might lead to a series of losses in the long run. However, today’s article offers short-term traders and long-term investors a carefully curated list of tokens to consider.  Furthermore, our in-house analysts have meticulously considered these tokens by analyzing both their short-term and long-term performance. They have leveraged GeckoTerminal to pinpoint the profitable cryptos on the DEX. These tokens are among the best cryptocurrencies To buy on GeckoTerminal today. Best Cryptocurrencies To Buy On GeckoTerminal Today Today, we explore token cryptos that have captured the attention of investors: Wrapped Dog, Fuku, Popcat, and PancakeSwap. Wrapped Dog has posted a 7.66% increase in the last 24 hours alone. This is impressive given that it recently posted...

XRP’s price hovers at $0.51, with a potential rally if it surpasses the resistance at $0.57. Bitbot integrates AI and Telegram tech, offering fast, secure trading. Bitbot’s native token $BITBOT is in presale at $0.018 per token, with the next stage price at $0.0189. XRP investors are eagerly eyeing potential price movements amidst ongoing market fluctuations. While analysts offer varying XRP price prediction s, the emergence of innovative trading tools like Bitbot adds a new dimension to the equation. XRP price prediction XRP is one of the top digital assets by market capitalization and it has been subject to moderate fluctuations in recent times. Currently trading at $0.51, analysts foresee a potential rally if it manages to break the $0.57 level, with significant growth expected upon surpassing a major resistance at $0.67. However, the ongoing legal battle between Ripple and the SEC remains a crucial factor influencing XRP’s valuatio...

Kenetic Capital, the most significant institutional holding of Render project tokens, transfer red almost 1 million RNDR. According to Etherscan, Kenetic Capital transfer red 999,990 RNDR to the cryptocurrency exchange Binance on Feb. 4. The transfer is valued at almost $4.5 million at the current exchange rate. Since Dec. 24, 2023, Kenetic Capital has transfer red 2.5 million RNDR, or $11.25 million at the time of writing, to Binance in 42 days. Kenetic Capital currently holds 4.1 million RNDR. After the transfer of RNDR to Binance, the token rate reacted with a drop of 5.3% in 24 hours, becoming the top loser of the day on CoinMarketCap. The price of RNDR dropped from $4.77 to $4.41 in a few hours and recovered to the level of $4.50 at the time of writing. Source: CoinMarketCap Despite the 5.3% drop, RNDR trading volumes increased by 33% over the past 24 hours, reaching $140 million. Render Token functions as a network that connects users who need to render their work w...

The dYdX community recently supported a motion to advance trading on the dYDX chain (DYDX) from the beta stage to Full Trading.  In particular, the latest development was preceded by a lengthy preparatory phase that previously saw trading advance from the Alpha to the Beta phase, according to information shared with Finbold by the Operation subDAO on November 28.  Following the launch of Full Trading, validators and stakers will continue accumulating rewards. During the Beta phase, the platform recorded approximately $1.86 million in trading volume. The launch is also to be accompanied by a 6-month incentive program designed by Chaos Labs that will enable active traders to receive rewards for performing various activities on the dYdX chain and will distribute a total of $20 million worth of rewards. Cryptocurrency Ethereum would trade at this price if ETH hits its all-time high market cap Cryptocurrency ChatGPT picks 5 cryptocurrenci...

Bittrex Global is set to cease its trading operations globally on Dec. 4, following its U.S. arm’s legal settlement with the SEC and an ongoing complex regulatory landscape. Bittrex Global has announced the closure of its global operations. The announcement comes shortly after the shutdown of company’s U.S. arm, which faced legal challenges from the U.S. Securities and Exchange Commission (SEC). As of Dec. 4, Bittrex Global will cease all trading activities, transitioning solely to allowing asset withdrawals for its customers. It is with great regret that we inform you that Bittrex Global has decided to wind down its operations. Effective Monday 4 December 2023, all trading activity on Bittrex Global will be disabled. After that date, customers will only be able to withdraw assets as part of the… — Bittrex Global (@BittrexGlobal) November 20, 2023 The exchange’s decision to not facilitate withdrawals in U.S. dollars, advising customers to convert to e...

While Kronos Research is indefinitely halting trading services until internal investigations track down the culprit who stole over 12,800 ETH, the firm said that potential losses are not a significant portion of its equity. A hacker walked away with $25 million from quantitative trading firm Kronos Research after accessing its compromised API keys. On Nov. 19, Kronos Research revealed that an unauthorized entity accessed some of its API keys. Subsequently, the firm stopped its trading services on the platform. However, no losses were reported at the time. In the interest of transparency Around 4 hours ago, we experienced unauthorized access of some of our API keys. We paused all trading while we conduct an investigation . Potential losses are not a significant portion of our equity and we aim to resume trading as soon as possible. — Kronos Research (@ResearchKronos) November 18, 2023 Blockchain investigator ZachXBT followed up on the announcement and found roughly $25 mill...

Coinbase, a cryptocurrency exchange, reported a net loss of $2 million in Q3 2023 despite rising revenue and a drop in trading volume , according to details of the recent shareholders letter circulated on Nov. 2.  However, the exchange reduced its net loss compared to the same period last year, which was $545 million.  The company’s total revenue was $674.1 million, an increase of 14.2% compared to last year, with $334.4 million coming from subscriptions and services, and $288.6 million from transaction revenue. You might also like: Coinbase unveils crypto futures trading for eligible US traders Consumer trade volume was $11 billion, while institutional trading volume s were $65 billion, an improvement from the previous quarter.  Although trading volume s have been falling for five consecutive quarters, the exchange is optimistic. It expects an improvement by the end of Q4 2023. “Q3 was a strong quarter for Coinbase. Amid multi-year low levels of vola...

Led by Chairman Jerome Powell, the Federal Reserve has halted the rise of interest rates. Will it be enough to fuel the surging market through Christmas? Historically, a Santa rally happens in the weeks leading up to Christmas when a collective sense of goodwill bleeds into equity markets. This is typically a seasonal blip and nothing to write home about. But this year, we could see a far more significant rally as the United States Federal Reserve, the Securities and Exchange Commission and BlackRock line up to deliver a bonanza of holiday cheer. The Federal Open Market Committee (FOMC) finished its penultimate meeting of 2023 on Wednesday, and it decided to hold interest rates steady. As we know, U.S. inflation has been tamed from a high of 9.1% in June 2022 to its current level of 3.7% thanks to the Fed’s aggressive interest rate hiking cycle that brought the Federal Funds Rate to 5.25-5.5% — its highest level since 2001. However, while this campaign has been unquestionably successf...

Valkyrie’s BTF, the most sought-after among futures ETF offerings, stands out by tracking a hybrid blend of Bitcoin and Ether. This dynamic asset has amassed an impressive total trading volume, tallying up to a substantial $882,000. It’s noteworthy to mention that BTF initially operated as a Bitcoin-only futures ETF since October 2021 but strategically adapted by incorporating Ether. However, the debut trading volumes of Ether ETFs pale in comparison to the ProShares Bitcoin Strategy ETF (BITO), which made its entrance in October 2021 amidst a fervent crypto market. BITO marked a remarkable feat, witnessing an astonishing trading volume exceeding $1 billion on its inaugural day. Relatedly, the impending listing of the VanEck Ethereum Strategy ETF on the CBOE exchange adds intrigue to the evolving landscape. Yet, it’s important to underline that, when viewed in the context of traditional finance ETF launches, the volume of these ETFs is indeed quite substantial. ...

Whales can manipulate buy and sell orders because they can deploy excessive capital into the market. In cryptocurrency trading, a “buy wall” is a massive buy order, or multiple buy orders, around a particular price level. Conversely, a “sell wall” is a significant accumulation of sell orders at a given price level. Before understanding how buy and sell walls work, it is important to know what an order book and its market depth are. What is an order book in crypto trading? An “order book” is an index listing buy and sell orders for a specific cryptocurrency based on price levels. A trade is executed when the orders on either side meet at a certain price level, establishing the cryptocurrency’s price as supply meets demand. BTC/USDT order book example. Source: Binance Nonetheless, these orders don’t get executed randomly — rather, the market fulfills them in the order of their sequence. For example, two open orders are created when Peter Griffin attempts to sell 1 Bitcoin (BTC) for $25,...

The trading freeze follows an analysis from DeFi's risk manager firm Gauntlet Network considering different scenarios for the USD Coin price. Lending protocol Aave has frozen stablecoins trading and set Loan-to-Value (LTV) ratio to zero in response to recent price volatility on stablecoins after the USD Coin (USDC) depegged on March 11.  According to the Aave's governance forum, the trading freeze follows an Analysis from DeFi's risk manager company Gauntlet, recommending that all V2 and V3 markets should be temporarily paused. "Setting LTV to 0 definitely helps everywhere, but on the Avalanche v3 Pool, given that cross-chain infrastructure doesn’t cover Avalanche, the Aave Guardian can act immediately. Setting LTV to 0 in practise discounts the “borrowing power” of the asset, without affecting the HF of any user position," noted one participant in the forum discussion.  LTV is an important metric that determines how much credit you can secure using crypto as...