Elon Musk's Tweet Sends Dogecoin Up 4% in Minutes
Dogecoin, a popular cryptocurrency with a dog theme, experienced a 4% surge in price within minutes after Elon Musk mentioned it in a tweet. The price of DOGE reached a high of $0.72 from $0.69 on Wednesday morning, but then dropped slightly to just under $0.70.
Hong Kong's Crypto Adoption Signals "Big Moves" in Mainland China, Says Animoca Co-Founder
According to Animoca co-founder Yat Siu, Hong Kong's recent surge in cryptocurrency and Web3 adoption is indicative of significant developments taking place in mainland China. Siu noted that China's release of its Web3 white paper in May, which emphasized the importance of Web3 in the future of the internet, should not be overlooked.
Litecoin Whales Accumulate Ahead of Halving Event, Purchasing Over 590K LTC in 48 Hours
As the upcoming halving event approaches, Litecoin whales have been accumulating the cryptocurrency, with top market whales purchasing over 590K LTC in 48 hours, worth $59 million. This suggests growing confidence in the coin, as well as preparation for a price surge ahead of the halving event scheduled for around August 2, 2023.
Litecoin Miners Brace for Halving as Whales Stock Up on LTC, but BTC Value Stays Weak
Litecoin miners are preparing for the upcoming block reward halving, which will see the block subsidy drop from 12.5 LTC to 6.25 LTC per block. Despite controversy, Litecoin remains the 12th largest cryptocurrency by market cap at around $6.8 billion, with major investors buying up almost $60 million worth of LTC in the past two days.
BNB Chain Introduces Updates for Beacon Chain and opBNB, Set for Hard Fork Upgrade
BNB Chain has introduced updates for its Beacon Chain and the latest layer-2 opBNB, which has generated excitement in the crypto community. The impending launch of the BNB Beacon Chain Mainnet ZhangHeng Upgrade has investors and enthusiasts eagerly anticipating the cryptocurrency's performance.
CEO Of Cryptocurrency And Forex Trading Platform EminiFX Sentenced To Nine Years In Prison For $240 Million Scheme To Defraud Investors
Damian Williams, the United States Attorney for the Southern District of New York, announced today that EDDY ALEXANDRE was sentenced by U.S. District Judge John P. Cronan to nine years in prison for engaging in commodities fraud. ALEXANDRE was the leader of a purported cryptocurrency and foreign exchange (“forex”) trading platform called EminiFX, and he defrauded over 25,000 investors in the EminiFX trading platform of more than $248 million.
Injective Community Votes in Favor of XRP Integration, Propelling Expansion
The Injective community has voted in favor of IIP-238, a proposal that will integrate XRP into the Injective ecosystem. This collaboration between Injective and Ripple is a significant milestone in the DeFi sector and is set to unlock new opportunities for crypto enthusiasts.
1INCH Cryptocurrency Dumps 15% in 24 Hours, Becomes Worst Performer in Top 100 by Market Cap
1INCH, the cryptocurrency powering the 1inch Network decentralized exchange liquidity aggregator, has experienced a 15% drop in the past 24 hours, making it the worst-performing cryptocurrency in the top 100 by market cap during this time. This comes as bitcoin and ether also experience a dip in value.
Data: Venture Capital Investment in Web3 Projects Fell by 78% in the First Half of the Year
According to Crunchbase, in the first half of this year, Web3 projects raised $3.6 billion from venture capital firms, a 78% drop from the same period last year. Crunchbase defines cryptocurrency and blockchain startups as Web3.
Litecoin Whales Have Made Significant Exchange Inflows In 24 Hours
Large amounts of Litecoin have been deposited to exchanges by whale entities in the past day, which could indicate a bearish trend for the cryptocurrency. Whale Alert, a cryptocurrency transaction tracker service, reported four large transfers on the LTC blockchain, with the largest involving the movement of 500,000 LTC worth around $46 million.
