Category: crypto

Memecoin trading on Solana is following Bitcoin’s recovery, with daily trading volume up 46% in May. Memecoins accounted for 64.6% of all monthly trading volume on Solana, reaching $58.7 billion by May 21. Despite volume growth, investor confidence remains low after a major insider trading incident.

Raoul Pal, CEO of Real Vision, sparked debate by calling NFTs the best long-term store of wealth due to currency debasement and tech trends. Supporters praised his past accuracy in predicting trends, while critics argued NFTs are overhyped and undervalued. The industry remains divided on the true value of NFTs.

CryptoSlate Alpha is a membership program that requires purchasing an NFT with SOL, the native token of Solana, and connecting your Solana wallet. By purchasing the membership, you agree to the terms and conditions of your digital wallet provider and the Access Foundation. CryptoSlate is not responsible for your digital wallet.

Binance, the largest crypto exchange, listed the USD1 stablecoin issued by WLFI, a venture affiliated with the Trump family. Trading opened on May 22, with withdrawals available on May 23. However, geographic restrictions apply. The stablecoin has gained momentum with platforms like KuCoin and HTX listing it. WLFI aims to empower the underbanked.

Bitcoin has reached a new all-time high of over $111,000, driven by institutional investors. The rally has put every Bitcoin holder in profit, reflecting a strong uptrend and increased demand for digital assets. Factors such as equity market recovery, ETF inflows, and public company interest are contributing to Bitcoin’s price surge. The rapid climb has…

Crypto community celebrates Bitcoin Pizza Day, marking 15 years since programmer traded 10,000 BTC for pizza. Coins now worth $1.11 billion at new all-time high of $111,000. Binance leads $5 million giveaway, BTSE launches trading contest, and events worldwide commemorate the occasion. Pizza Day reflects Bitcoin’s rise from meme to financial movement.

Bitcoin is currently trading above $110,000 with Google Trends data for “bitcoin” at 38. Despite the high price, public interest in Bitcoin has dropped. Retail trading volume on Coinbase has decreased compared to previous years, with many small traders still wary after losses in 2022. President Trump’s support for Bitcoin has also impacted the market.

Avalanche’s native token, AVAX, has surged by 11% in the last 24 hours, reaching $25.16. This increase is attributed to institutional activity and a partnership with FIFA. The blockchain is positioning itself as a go-to platform for scalable solutions. FIFA has launched a dedicated blockchain on Avalanche for fan engagement. VanEck plans to launch a…

Cetus Protocol, a decentralized exchange on the Sui Network, halted operations due to a security breach where $260 million was stolen. The attacker swapped assets to Ethereum. The incident caused a $200 million drop in total value locked, with the native token plummeting. The exploit may be due to a flaw in the pricing mechanism.

Texas lawmakers approved legislation to establish a state-level strategic Bitcoin reserve. The bill needs Senate approval with House amendments before reaching Governor Greg Abbott’s desk for final approval. This would make Texas the third US state to direct public funds into Bitcoin. The proposal allows the state comptroller to acquire Bitcoin using surplus General Revenue.