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Dogwifhat (WIF) was listed on Bybit crypto exchange today. Immediately after listing the meme coin’s price hit $41.85 before quickly retracing. At press time, Dogwifhat (WIF) was trading at $2.61, down 6.13% in the past 24 hours. Dogwifhat (WIF), the latest sensation in the world of meme coins, caused a frenzy on the Bybit exchange shortly after its listing . Within minutes of trading going live, the price of Dogwifhat skyrocketed by a staggering 1,450%, reaching a high of $41.85. The surge was, however, short-lived as the price quickly retreated back to $2.64, aligning with the token’s price across the broader market . Dogwifhat explosive surge first day on Bybit Dogwifhat (WIF) trading on Bybit commenced at 8:50 a.m. ET on Bybit and in just over 10 minutes, the token’s price surged from $2.70 to its peak of $41.85, marking an extraordinary spike. Interestingly, the sudden price increase was confined solely to Bybit, with no notable im...

DWF Labs, a known market maker and institutional investor in the cryptocurrency industry, has estimated profits superior to $8 million by trading JasmyCoin (JASMY) since June 2023. The professional crypto trading company first withdrew 700 million JASMY on June 26, 2023, from the centralized exchange Gate.io. At that time, JASMY was priced at $0.004412 per token , resulting in an estimated cost of $3.09 million . Since then, DWF Labs has made strategic sellings of its JasmyCoin stash, depositing 579 million JASMY on Binance. This data is from SpotOnChain , which reported one deposit in 2023 and five deposits this year, likely representing a sell-off. Picks for you Unusual correlation of Gold and US Treasury Yield raises concerns 56 mins ago SafeMoon V2 is up over 150% in a month; Is SFM back? 2 hours ago 3 cryptocurrencies under $1 to buy for next week 3 hours ago Trader alert: PEPE set for massive 50% move 3 hours ago In particular, the selli...

After forcing advertisers to pay for Telegram broadcast channel advertisements in TON token, Telegram admitted the obvious: Ad payments would quickly account for far more than 10% of the TON supply at Telegram itself. To avoid appearing too centralized, CEO Pavel Durov announced plans to sell Telegram’s TON holdings at below-market prices. He is soliciting investors interested in bidding over $1 million for off-market transactions. Naturally, Durov restated Telegram’s intent to sell TON below current prices as a positive development, emphasizing the supposedly decentralizing effect these sales would have on the TON blockchain network. “Thanks to the participation of more long-term holders, TON will remain stable and decentralized ,” he posted optimistically to his followers. Telegram’s TON network suffers from its ‘success,’ scales down to 1TPS Sharing ad revenue with creators Moreover, Telegram offset the otherwise bearish news of these token sales with an ad revenue-sh...

The global crypto market capitalization rebounded above the $1.6 trillion milestone on Feb. 2 as the latest non-farm payrolls figures cast doubt on U.S. Fed Chief, Jerome Powell’s recent comments.  The job figures in the latest non-farm payrolls report suggest crypto bulls could position for positive price action.   Powell’s comments send crypto prices into $90 billion tailspin  On Feb. 1, the global crypto market capitalization dipped toward the $1.5 trillion area. This came barely 48 hours after Powell made controversial statements suggesting postponing rate cuts beyond March 2024, as widely predicted.  “Based on the meeting today, I would tell you that I don’t think it’s likely that the committee will reach a level of confidence by the time of the March meeting to identify March as the time to do that. But that’s to be seen,” U.S. Federal Reserve Chairman Jerome Powell Powell’s statements came after a scheduled Federal Open Market Committee (FOMC) meeting on Jan 31. It ...

Major NFT collection s see increased demand as sales and trading volume soar across several networks.  As the crypto market rallied after a prolonged crypto winter, the non-fungible tokens (NFT) market also hints at a comeback — the trading volume of several major collections recording significant highs after months of steady decline.  NFT markets are rallying again Here's all the bullish news you need to know In 4 minutes or less pic.twitter.com/GuZM6X2zQu — Bankless (@BanklessHQ) November 12, 2023 According to the data from Coingecko, the floor prices of the top 15 NFT collections have significantly soared over the last few days, demonstrating increasing demand. Most notably, the floor price of the Bored Ape Yacht Club (BAYC) collection has increased over 70% in a month, from $24.8 in the first week of October to $30.90 on Nov. 13. BAYC’s 24-hour trading volume has also risen by 51% today, showcasing increased trading across market places.  TOP NFTs | S...

Bitcoin on-chain transaction data shows "uncertain" conditions prevailing, research says, warning that Q2 is not likely to match BTC price gains from earlier in 2023. Bitcoin (BTC) traders are displaying behavior similar to the 2022 bear market bottom as “uncertain” sentiment rules, new research argues. In one of its Quicktake market updates on Oct. 9, on-chain analytics platform CryptoQuant examined a major drop in realized capitalization of the most active part of the BTC supply . One-month-old BTC supply realized cap comes full circle Bitcoin’s more speculative investor cohorts continue to come in for scrutiny this year as BTC price action experiences a variety of diverging environments. Spot price is currently circling the aggregate cost basis for so-called short-term holders (STHS), defined as entities hodling a given amount of BTC for 155 days or less. Now, CryptoQuant reveals that the realized capitalization, or cap, of coins which last moved between 24 hours and o...

Macro factors will play a dominant role in sparking the next crypto bull market, which should start in Q2 2024, according to Raoul Pal. The next crypto bull market is likely to kick in in Q2 next year when the Bitcoin halving is set to take place, says macro investor and Real Vision CEO Raoul Pal. He is convinced that, despite the hype surrounding the halving, macro factors will play the leading role in sparking the next uptrend.  According to Pal, the Bitcoin halving cycle coincides with the macro cycle, which means every halving so far has taken place in a similar macroeconomic environment: monetary expansion and low interest rates. “Macro is actually the dominant factor and the halving is a false narrative, but it doesn't matter because it still works,” Pal said in an interview with Cointelegraph. Among the main catalysts favoring crypto next year are central banks cutting interest rates and potential fiscal stimulus that could precede the U.S. presidential election.  Regar...

The fund is a part of a wider VCC umbrella that brings various real-world assets to the blockchain. Leading Swiss bank UBS has launched a live pilot of a tokenized version of its variable capital company (VCC) fund as part of Project Guardian, an initiative led by Singapore’s central bank.  In a press release, UBS Asset Management announced that the fund is part of a broader VCC umbrella designed to bring different types of real-world assets (RWA) to the blockchain. According to Thomas Kaegi, the head of UBS Asset Management for Singapore and Southeast Asia, the project is a milestone in understanding funds token ization. Kaegi said: “Through this exploratory initiative, we will work with traditional financial institutions and fintech providers to help understand how to improve market liquidity and market access for clients.” UBS Asset Management launched the controlled pilot of the tokenized money market fund through the company’s in-house token ization service called UBS Tokeni...

Indian crypto exchanges CoinSwitch and CoinDCX have been struggling to maintain headcount amid bear market and TDS. The CoinSwitch crypto exchange is the latest crypto trading platform in India that cut its workforce amid the prolonged cryptocurrency winter, the local news agency Moneycontrol reported on Aug. 28. The crypto exchange reportedly laid off 44 employees from its customer support division in August, citing redundancy in roles amid the bear market-triggered lack of customer queries. “We continuously evaluate our business to stay competitive, prioritizing innovation, value, and service for our customers. To that end, we right-sized our customer support team to align with the present volume of customer queries on our platform,” CoinSwitch said. The firm added that this impacted the roles of 44 members of its support team, who “voluntarily resigned from their roles after a detailed discussion with their managers.” 44 employees account for a significant share — or roughly 8% — o...

After the collapse of Terra, the digital assets sector needed a way to identify critical nodes in the global DeFi community. Kanis Saengchote, a researcher at Chulalongkorn University in Thailand, recently developed a framework for identify ing and measuring systemic risk in decentralized finance (DeFi) institutions.  The new protocol is called the Global Systematically Important Protocol (G-SIP), and it’s based on a similar endeavor instituted in the traditional banking industry. After the global banking crisis of 2008, the traditional finance sector collaborated to come up with a protocol for identifying critical banking structures in order to implement strategies for the prevention of future collapses. Related: UBS Group agrees to $3.25B ‘emergency rescue’ of Credit Suisse What they came up with is a system to identify and measure “global systemically important banks ” (G-SIBs). This allowed the Bank for International Settlements to identify weaknesses and establish standard...

The mantra of this year’s Polkadot Decoded 2023 conference is to focus on building better products instead of worrying about token price. The Polkadot Decoded 2023 conference just wrapped up and this year more than 100 speakers and 100 blockchain projects were in attendance.  The beauty of crypto bear market s is they catalyze a realignment of perspectives and objectives. All the hidden leverage is gone and most of the speculation is gone. SBF is gone. Do Kwon is gone. Three Arrows Capital, Su Zhu, Kyle Davies and a handful of other hucksters and snake oil salesmen have been exiled. And good riddance to all of them. Crypto doesn’t need hopium, messiahs, populists and dream peddlers. What we need are build ers, fresh ideas, solutions that have product-to- market fit and some sort of realistic real world application. That’s what I like about blockchain conferences. Especially during a bear market. The buidl first mentality is the whole vibe of Polkadot Decoded. For the past two days, ...

Blackrock’s spot ETF filing and the Securities and Exchange Commission's crackdown on crypto are driving investors toward Bitcoin. Bitcoin (BTC) dominance , the measure of how much Bitcoin makes up of the total crypto market cap, has b reach ed the 50% mark. On June 19 at 6 pm UTC, Bitcoin dominance hit just above 50% and has since settled to 49.9% at the time of publication, according to data from TradingView. This means that Bitcoin alone accounts for half of crypto’s total $1.1 trillion dollar market capitalization. Bitcoin’s current market capitalization stands at $519 billion, according to data from Coingecko. Notably, Bitcoin’s market dominance has surged by more than 10.5% since Nov. 27, 2022, an increase driven in large part by investors looking to the flagship crypto asset as a safe haven in the wake of the FTX crisis and amid mounting regulatory scrutiny of crypto assets in the United States. Bitcoin market dominance over the last 4 days. Source: TradingView. While Bi...

Bitcoin (BTC) faces mixed sentiments amid the consolidation below $28,000. Glassnode shared intriguing insights into bitcoin’s on -chain activity, shedding light on two key metric s offering valuable market sentiment and price movement indicators. In a tweet earlier today, Glassnode called attention to the BTC number of addresses in the Loss indicator. The platform noted that the indicator has surged to a four-month high of 17,168,229. This metric is derived by calculating the average number of bitcoin addresses that currently hold a loss over seven days.  #Bitcoin $BTC Number of Addresses in Loss (7d MA) just reached a 4-month high of 17,168,229.613 Previous 4-month high of 17,161,501.905 was observed on 12 June 2023 View metric :https://t.co/s2ciFMlDcX pic.twitter.com/dq2rRlPaKC — glassnode alerts (@glassnodealerts) June 14, 2023 It indicates the number of addresses that bought BTC at a higher price than its current value. The rising trend suggests that many BTC ...

Veteran trader Dan Tapiero said that the most important thing for traders is to be able to make rational judgments that aren't impacted by people's fears. While many beginners base their trades on the negativity brought about by devastating events happening within the crypto space, experienced traders base their decisions on different factors and are able to come out on top of others, even in a bear market .  Speaking with Cointelegraph, Dan Tapiero, the founder of growth equity funds 10T Holdings and 1RoundTable Partners, shared some of the most important things that he employs as he navigates the market . This includes having a broader perspective in the space and not being influenced by feelings and people’s fears. Tapiero explained: “It's important to understand that the space has really grown. It's not just about the price of Bitcoin, or the price of Ethereum. We have five or six companies that actually made more money last year than in the previous year. So, ev...

According to public prosecutor, marketing models such as rewards and dynamic rights and interests can easily evolve into illegal pyramid schemes. On May 15, the Supreme People’s Procuratorate of the People’s Republic of China, the national agency responsible for legal prosecution, shared its thoughts on the non-fungible token (NFT) market . In an article published, three authors laid out the prosecutor s’ vision of the market risks and the following reasons to enforce it more actively. The article pays attention to the tendency of “securitization” of NFTs, i.e. the shared ownership of one copy by multiple users, which, in the authors’ opinion, no longer corresponds to criteria of non-reproducibility, indivisibility and uniqueness. Among other threats, the prosecutors see the “inflation of prices” on NFTs, triggered by marketing methods such as airdrops, blind boxes and limited sales. Taking the ambitious breed of esthetic and economic analysis, the authors mention a lack of “artistic...

The sports merchandise giant has got cold feet in the shrinking NFT market. Sports merchandise firm Fanatics is divesting its stake in nonfungible token (NFT) company Candy Digital as confidence in the asset class wanes. On Jan. 4, it was reported that Michael Rubin’s sports company Fanatics was offloading its majority 60% stake in the NFT startup. Fanatics was started in 2011 and has become a known name in sports merchandising and e-commerce, valued at $31 billion.  MLB ICON Leadoff NFT Collectibles, launched by Candy Digital in Apr. 2022 Source: MLB However, the crypto bear market has hit the NFT sector hard in 2022, and Rubin’s firm is seemingly now looking to turn away from “standalone” NFT businesses. The investor group led by Novogratz’s Galaxy Digital will be purchasing the stake in Candy Digital, according to CNBC. In an email shared with the outlet, Rubin wrote: “Over the past year, it has become clear that NFTs are unlikely to be sustainable or profitable as a standalone bu...

Join Our Telegram channel to stay up to date on breaking news coverage According to two people with knowledge of the situation, federal prosecutors are looking into whether Sam Bankman-Fried, the founder of FTX, manipulated the market for two cryptocurrencies this past spring, causing their demise and setting off a chain reaction that ultimately led to the collapse of his own cryptocurrency exchange last month. The possibility that Bankman-Fried manipulated the prices of two interconnected currencies, TerraUSD and Luna, to benefit the entities he controlled, such as FTX and Alameda Research, a hedge fund he co-founded and owned, is being looked into by US prosecutors in Manhattan, the people said. The investigation is still in its early stages, so it’s unclear if prosecutors have found evidence of Bankman-Fried’s wrongdoing or when they first started looking into the TerraUSD and Luna trades. The case is a component of a larger investigation into the fall of Bank...