Recovered from the SITE123 blog, Aug 2026. Imported as drafts for review.
Weekly Summary: Airdrop Craze and Bitcoin Recovery Debut of the Rocky Airdrop Two of the largest, if not the largest, airdrops, EigenLayer and Friend.tech, made their debut this week. EigenLayer’s token launch details release on Monday left many users disappointed, citing concerns over geo-blocking, governance, equity distribution, and the non-transferrable nature of tokens. However, EigenLayer … Read more
This week, cryptocurrency markets experienced turbulence due to macroeconomic influences, while enthusiasts eagerly embraced new tokens from several notable airdrops. Bitcoin commenced the week at $63,000, aiming to surpass the previous week’s opening price of $65,000. However, it faced rejection near this level on Tuesday, subsequently dropping below the crucial support threshold of $60,000, which … Read more
Following the market recovery between May 3 and 4, memecoins once again stole the spotlight. As expected, dogwifhat [WIF] led the pack with a 20.58% increase over 24 hours. Dogecoin (DOGE) also saw a rise of 13.80%, while Pepe (PEPE) experienced a 12.93% increase. Additionally, Floki (FLOKI), Bonk (BONK), and Shiba Inu (SHIB) joined the … Read more
Fantom (FTM) had surged to the $1 mark in March, with hopes high for a further rise to $2. However, the market crash intervened, causing prices to plummet, and Fantom experienced a nearly 50% decrease in value. Nevertheless, there remains optimism for the coin’s future, with a crypto analyst anticipating a resurgence of bullish momentum … Read more
Yong Rong Asset Management, a prominent asset management firm headquartered in Hong Kong, has recently made a substantial investment in the Bitcoin Spot ETF, as confirmed by Bloomberg ETF analyst Eric Balchunas. The firm has acquired $38 million worth of the IBIT Bitcoin Spot ETF, which now constitutes 12% of its reported assets. This move … Read more
The co-founder of BTC-e, an allegedly illegal cryptocurrency exchange, Alexander Vinnik, has acknowledged his involvement in a money laundering scheme involving bitcoin exchanges. This disclosure comes after a more thorough investigation that showed numerous illicit activity between 2011 and 2017 on the exchange. According to the US Department of Justice (DOJ), under Vinnik’s direction, BTC-e … Read more
A surge in the ongoing legal proceedings between the U.S. Investor interest in XRP was sparked this week by the Securities and Exchange Commission (SEC) and Ripple. The beleaguered altcoin showed significant volatility, making profits for three days in a row. According to TradingView statistics, XRP increased by 4.52% on Friday alone, rising from a … Read more
The value of MicroStrategy shares has taken a hit as the price of Bitcoin dropped, leading to a market correction. Markus Thielen, an analyst at 10x Research, suggests that the stock may be closer to its actual value now. Back in March, Thielen’s firm estimated MicroStrategy’s fair price to be around $1,000, advising investors to … Read more
Recent research found that in the last six months, Telegram-linked Toncoin [TON] has the fastest network growth among the top cryptocurrencies on the market. The number of users on TON doubles According to Santiment’s analysis, the number of non-zero wallets on the network increased to 16.8k during the previously indicated timeframe, more than double. By … Read more
In the majority of cryptocurrency-related areas, Ethereum [ETH] has been the leading player. On one front, nevertheless, it appears that the Blast network is now in the driver’s seat. NFTs at maximum Blast According to recent data, Blast NFT collections such as PAC REKT, Blastopians, and Plutocrats have collectively generated more volume over the last … Read more