Posts

Pepe Unchained Surges Past $21M In Presale After $50K Whale Buy As Meme Coin Market Cap Hits $62B

Image
Pepe Unchained ($PEPU) has successfully raised $21 million in its presale, coinciding with meme coins reaching a collective market value of $62 billion on Monday.  Fresh off its recent $20 million milestone, the rapidly rising meme coin has attracted over $1.2 million in new contributions in just the past four days. At its current pace, reaching the $22 million mark this week seems highly achievable, especially as interest in the project has surged following the announcement of grant applications to test its upcoming Layer 2 chain. The cryptocurrency market has done a complete 180 after a sluggish start to the month, and Pepe Unchained is seizing this momentum to attract even more contributors to its fundraising efforts. Interested participants can acquire $PEPU at the current price of $0.0112 per token, but time is of the essence. Less than 24 hours remain before the next funding stage raises the price to $0.0115. Since the $PEPU presale launch,
Post a Comment
Read more

Dogecoin Dominates Market, Rallies 30%: Can DOGE Hit $0.20?

Image
Dogecoin (DOGE) is currently the second-best performing cryptocurrency in the weekly charts among the top 100 projects by market cap. The original meme coin has rallied 2.9% in the last 24 hours, 32.6% in the weekly charts, 27.3% in the 14-day charts, 38.4% over the previous month, and nearly 144% since October 2023. Also Read: Buy Bitcoin Online with Prepaid Card Ireland Factors Driving Dogecoin’s Rally Source: CoinGecko Why Is Dogecoin Rallying? The cryptocurrency market seems to be rebounding from the dip earlier this month. Bitcoin (BTC) is inching closer to the $70,000 mark. Other assets are also in the green zone, following the historical trend of a bullish October. Also Read: How to Add uniChain to MetaMask? DOGE’s latest rally could be due to Elon Musk’s town hall appearance on Oct. 17, supporting Donald Trump in his Presidential race. Musk also desires to open a Department of Governmental Efficiency, aka DOGE. Many analysts anticipate a market-wide rally if Trump wins the 224
Post a Comment
Read more

Can the meme coin craze ignite a Solana price rally?

Image
Memecoins have once again captured the cryptocurrency spotlight, with Solana (SOL) emerging as a key network supporting this growing trend.  Several memecoins on Solana’s blockchain have posted impressive gains recently, pushing the platform’s native token, SOL, up by 7% in a week. This recent price rally has been fueled by a surge in network activity, driven primarily by the memecoin frenzy on Solana. The rise of memecoins on Solana Among the various tokens making waves on Solana, Goatseus Maximus (GOAT), SPX6900 (SPX), Apu Apustaja (APU), and FWOG have garnered significant attention.  Picks for you Crypto executives unveil FTX market manipulation from the early days 2 hours ago Silver breaks 12-year high - Is the next big rally just
Post a Comment
Read more

EigenLayer (EIGEN) X Account Hacked in Phishing Scam Less Than One Month After the Token’s Launch

Image
The social media platform X account behind a new Ethereum (ETH) ‘restaking’ protocol has been compromised weeks after the token’s launch. According to PeckShieldAlert, the social media account belonging to EigenLayer (EIGEN) was hacked with a phishing link this morning. “EigenLayer X account has been compromised. Do*NOT* click the phishing link eligible-eigenfoundation[.]org” Source: PeckShieldAlert/X It is not yet known how many people fell victim to the phishers. According to DeFi Llama, the protocol is the second-largest project on Ethereum with over $11 billion in total value locked (TVL). The account promoted multiple phishing scam links before being shut down. The EigenLayer X account has since removed all tweets and has yet to comment on the situation. The post came in the form of a link to an airdrop invitation, which led users to a malicious site. EigenLayer is an Ethereum-based restaking protocol that launched earlier this month on the same day of it
Post a Comment
Read more

SEC’s Latest Filing Does Not Appeal Court’s XRP Security Status Ruling, Says Ripple Legal Chief

Image
Ripple chief legal officer Stuart Alderoty says the recent filing by the US Securities and Exchange Commission (SEC) in its case against Ripple Labs does not appeal the ruling that XRP is not a security. Alderoty’s comments follow an Oct. 16 Form C filing by the SEC with a pre-judgement statement against certain aspects of the court’s summary judgment.  Alderoty Says Court Decision Regarding XRP’s Security Status “Stands As The Law Of The Land” Ripple defense attorney James Filan shared the filing on Oct. 17. In their appeal, the SEC asks the court to review its decisions related to Ripple’s XRP sales through exchange platforms. It also requests the court to review the ruling on the personal sales executed by Ripple executives Brad Garlinghouse and Chris Larsen . The SEC went on to argue that Larsen and Galinghouse violated securities laws by offering and selling XRP. It also said that they both “aided and abetted Ripple’s violations of those provisions.” Alderoty responded to t
Post a Comment
Read more

How Insurance Protocols Like Nexus Mutual Are Protecting DeFi Users!

How Insurance Protocols Like Nexus Mutual Are Protecting DeFi Users! Decentralized Finance (DeFi) has revolutionized the financial landscape, offering users unprecedented access to financial services without intermediaries. However, this newfound freedom comes with inherent risks. Smart contract vulnerabilities, market volatility, and actual malicious attacks pose significant threats to DeFi users. Innovative insurance protocols like Nexus Mutual have emerged to mitigate these risks and foster a more secure DeFi ecosystem. Nexus Mutual: A Pioneer in DeFi Insurance Nexus Mutual is a decentralized mutual insurance platform that covers smart contract risks within the Ethereum ecosystem. Unlike traditional insurance companies, Nexus Mutual operates on a member-owned basis, where policyholders contribute to a shared risk pool. This community-driven approach ensures that the platform’s interests align with those of its users. How Nexus Mutual Works Membership and Coverage Users can become m
Post a Comment
Read more

35 New Countries To Abandon US Dollar at 2024 BRICS Summit

Image
Russia’s President Vladimir Putin has confirmed that 35 new countries will participate in the upcoming BRICS summit. The 16th summit is scheduled to be held in the Kazan region of Russia from October 22 to 24. The nine-member alliance will discuss de-dollarization, rewrite trade policies, and prefer local currencies for cross-border transactions. Also Read: BRICS Settle 65% Trade in Local Currencies & Not the US Dollar Over 35 countries have confirmed their participation in the upcoming BRICS Summit in Russia. pic.twitter.com/AJOaX2C1bb — BRICS News (@BRICSinfo) October 16, 2024 Read here to learn how many sectors in the US will be affected if BRICS ditches the dollar for trade. Several developing countries are finding the de-dollarization initiatives lucrative, as using local currencies will boost their native economies. This development puts the US dollar on the path of decline, as ending reliance on the currency will lead to deficits. Also Read: Donald Trump Makes Huge Announcem
Post a Comment
Read more