Global

An early investor in the meme-inspired cryptocurrency $PEPE has recently cashed out a significant profit. They initially invested a small amount, just over $460, and have now made around $3.4 million, marking an impressive gain of nearly 740,000%.

A noteworthy event for the cryptocurrency sector occurred as the First District Court of Appeals in Florida issued a unanimous decision against a permanent prohibition on Binance, the largest cryptocurrency exchange globally.

The possibility of an Dogecoin (DOGE) exchange-traded fund (ETF) is being revisited, influenced in part by the optimistic outlook regarding the potential approval of Spot Ethereum ETFs. Crypto analysts speculate that the approval of such ETFs could serve as a precedent for the introduction of additional cryptocurrency funds.

In a recent article on X, market intelligence platform IntoTheBlock has highlighted the increased activity of Ethereum (ETH) whales.

Investors seeking the most promising cryptocurrencies for investment may consider either option. However, those aiming for even greater and quicker returns may need to explore smaller and less recognized altcoins, which carry higher risk.

A bill known as the Financial Innovation and Technology for the 21st Century Act (FIT21), spearheaded by Republicans, has cleared the House and is on its way to the Senate for further consideration before potentially reaching President Joe Biden's desk.