DeFI News by Thebittimes.Com

Pepe Coin (PEPE) has been forging new milestones with its recent price performance. As June approaches, the question on everyone’s mind is whether PEPE can continue its impressive run and hit a new all-time high (ATH). PEPE’s Remarkable Performance Over the past week, PEPE has demonstrated a 9% increase in value in the last 24 hours, hitting a new ATH recently. In addition, the meme coin ’s performance over the last 30 days has been even more impressive, with a 145.5% surge. Looking back over the past year, PEPE has skyrocketed by 1122.9%, cementing its position as one of the most noteworthy surges in the crypto space. Also read: Ripple Hits Lowest RSI In History: Can XRP Hit $1 Soon? Coincodex Prediction: New ATH on the Horizon According to a prediction by Coincodex, a renowned cryptocurrency Analysis platform, PEPE is likely to hit a new ATH of $0.00004902 this June. Also, this forecast has generated notable excitement among PEPE holders and potential inves...

The Solana meme coin frenzy welcomes Piggy Bankster (PIGS), a pig-themed token. Piggy Bankster’s presale starts June 4th with 100M $PIGS tokens. Solana’s ecosystem witnesses surge in activity amid increased meme coins activity. Lately meme coins, most of which have launched on Solana blockchain, have emerged as powerful drivers of market activity and community engagement. Leading the Solana-based meme coins frenzy are notable coins like Dogwifhat (WIF) and Bonk (BONK), which have captured the imaginations of investors and enthusiasts alike with staggering price increments. Joining this dynamic landscape is Piggy Bankster (PIGS), a new meme coin entrant poised to leverage the success of other Solana-based coins. PIGS’ presale is scheduled to launch on June 4th, 2024. Piggy Bankster (PIGS): the new Solana meme coin Piggy Bankster brings a unique and intriguing narrative to the meme coin space that has been crowed by dog and frog-themed coi...

A guilty verdict has been reached in the long-awaited Hush Money trial, with former U.S. President Donald Trump found guilty on all 34 felony counts by a unanimous decision from 12 jurors in New York, with sentencing set for July 11.  However, for one crypto trader, there is a silver lining in this verdict, as he managed to earn over $167,000 with well-placed trades involving Trump-related tokens, FreeTrump (FREE), and Never Surrender (TRUMP) created shortly after the guilty verdict was reached. How did the trade unfold? Using a strategic approach, the trader capitalized on the volatility of Trump-themed tokens, specifically FreeTrump and Never Surrender.  In just five hours, the cryptocurrency trader converted them into approximately 972 Solana (SOL) tokens, equivalent to $167,000. Picks for you Beware of celebrity tokens : C...

Shiba Inu (SHIB), a prominent meme coin in the cryptocurrency market, has recently attracted attention. SHIB is frequently compared to Dogecoin in terms of market position. The token’s performance in 2024 has been noteworthy. At the start of the year, SHIB was trading at a price lower than $0.000010. The token then underwent a significant rally, increasing by more than 450% and reaching a high of $0.000045 in the middle of February. Although the current price is still 67.6% lower than the all-time high achieved in 2021, the recent price movement suggests renewed interest and a shift in market sentiment regarding this popular cryptocurrency. Also read: ChatGPT 4o Predicts When Ripple (XRP) Could Hit $1? As of now, SHIB is trading at approximately $0.00002776 following a period of consolidation. The token appears to be in a position where it could potentially experience its next price movement. There is uncertainty regarding whether the token has enough fundamental suppor...

Bybit, one of the top three crypto exchanges by trading volume, has reported a significant surge in EUR trading volume following the launch of its EUR Zero Fees Fiesta campaign in April this year, according to the information shared with Finbold on May 30.  The campaign highlights Bybit’s dedication to expanding the European market and offering a competitive and cost-effective platform for European traders. Bybit climbs to #2 in the Netherlands  Since the launch of the EUR Zero Fees Fiesta campaign, Bybit has seen a 13% average daily increase in trading volume for EUR pairs.  Picks for you Did McDonald's just reveal the real inflation rate? 11 mins ago AI revises Shiba Inu price prediction for end of 2024 ...

The leading meme coin, Dogecoin , has enjoyed a positive few weeks, with IntoTheBlock data showing 84% of holders are currently in profit as DOGE prepares for a bullish start to June. Indeed, the asset is looking to benefit from positive market sentiment as it ends May on a high note. Currently, the asset has been up nearly 16% in the last 30 days, according to CoinMarketCap. Subsequently, its currency price of $0.164 has been up over the past 24 hours as well. If its volume sustains at its current mark, there could be more room for the asset to hit the ground running at the start of next week. Source: Watcher.Guru Also Read: Dogecoin (DOGE) Could Rally 100% to $0.32: Predicts Analyst Dogecoin Holders Benefit From Bullish Rally to End May For the digital asset market, meme coins have become a critical story just five months into 2024. Indeed, newcomers have increased competition throughout, as the market’s mainstays have proven their increased relevance within t...

BlackRock has made history, as its Spot Bitcoin ETF is now the largest BTC fund in the US. Indeed, the $9 trillion asset manager iShares Bitcoin Trust (IBIT) has officially surpassed the leading Grayscale Bitcoin Trust. Moreover, the feat was accomplished in less than 100 trading days, with BlackRock reaching $20 billion worth of BTC in that time. The development certainly speaks to the influence BlackRock maintains in the traditional finance structure, catapulting its ascension atop the market. While many had presumed that BlackRock would eventually take the lead, it assured its status following $102 million worth of inflows on Tuesday. Source: Financial News London Also Read: BlackRock Files updated 19b-4 Form for Spot Ethereum ETF BlackRock Bitcoin ETF Surpasses Grayscale in Only 100 Days When Spot Bitcoin ETF applications were being accepted, one name that stood out was BlackRock. As the largest asset management firm on the planet, it had the potential to dominate...

Bitcoin price struggled to stay above $70,000 and corrected gains. BTC is now trading below $69,000 and showing a few bearish signs. Bitcoin extended its downside correction below the $69,000 zone. The price is trading below $69,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $67,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase unless there is a move below the $67,500 support. Bitcoin Price Revisits Support Bitcoin price started a downside correction after it failed to stay above the $70,000 support. BTC declined below the $69,200 and $68,500 support levels. The price even dipped below the $67,500 support. A low has formed at $67,243 and the price is now consolidating losses. It moved above the $68,000 level and the 23.6% Fib retracement level of the downward move from the $70,600 swing high to the     $67,243 low. ...

Source: CNV Argentina wants to collaborate with El Salvador to enhance its adoption of Bitcoin and other cryptocurrencies. Officials from Argentina’s National Securities Commission (CNV) met with representatives from El Salvador’s National Digital Assets Commission (CNAD) to discuss El Salvador’s experiences and strategies in Bitcoin adoption. Learning from a Pioneer El Salvador has emerged as a global leader in cryptocurrency adoption, being the first country to recognise Bitcoin as legal tender in 2021. The government has implemented various Bitcoin-related projects, including bonds, volcano-powered Bitcoin mining, and a citizenship-by-Bitcoin-investment program. As of mid-May, El Salvador had mined 474 BTC using volcanic energy and held over 5,750 BTC. Argentina faces significant economic challenges, such as high inflation and currency volatility, which have driven increased Bitcoin trading and crypto adoption since 2017. Many Argentinians ...

Dog meme coins including Dogwifhat (WIF), FLOKI , and Bonk (BONK) pumped over the past 24 hours to boost the collective capitalization of these canine-themed cryptos by almost 3% to $49.2 billion.  Top-performing dog-themed coins (Source: CoinGecko ) The pump came even as crypto leader Bitcoin slid almost 1% to $68,030.11 as of 5.26 a.m. EST amid concerns of selling pressure after defunct crypto exchange Mt.Gox moved $9 billion worth of BTC to an unknown address. SAMO And BENDOG Keep Weekly Streaks Going Byte (BYTE) was the best performer after soaring 43%. Samoyedcoin (SAMO) and Ben the Dog (BENDOG) recorded the next biggest gains of over 33% and more than 34%, respectively. SAMO’s latest surge was a continuation of its stellar performance over the last 7 days. With its recent increase, the crypto’s value has more than doubled in the past week. Similarly, BENDOG’s recent uptick elevated its weekly performance to more than 63%. The positive trend s...

Pyth Network, a financial data oracle network, has announced the launch of Pyth Price Feeds and Entropy on Sei V2, as per the information shared with Finbold on May 27. This advancement allows developers on Sei V2, the first parallelized Ethereum Virtual Machine (EVM) designed to offer developers enhanced flexibility and scalability , to access over 500 real-time price feeds for digital and other major asset classes, as well as a secure and reliable source of on-chain random number generation. Real-time Pyth data on Sei V2 The Pyth Network’s pull oracle for price feeds provides Sei users with permissionless access to low-latency price updates on-chain, which is crucial for securing next-generation apps in decentralized finance (DeFi).  Picks for you Donald Trump now holds $10 million in crypto 3 hours ...

The Turbo price skyrocketed 47% in the last 24 hours to trade at $0.0066113 as of 4 a.m. EST on trading volume that surged 14% to $239.4 million. Turbo has seen a massive increase in the last day, but this still pales compared to its 392% surge in the last seven days. The project’s surge came soon after Turbo announced its listing on the Cryptology Exchange. It also attracted interest by being the first AI-generated meme coin, which allows other artists to use AI to express their creativity. 📢 $TURBO is now listed on @CryptologyCEX! Welcome in the Turbo Fam @CryptologyCEX 🐸🔥🚀 https://t.co/joZUx3xxDM — Turbo 🐸 (@TurboToadToken) May 21, 2024 The project quickly started rapidly accelerating around May 23, reporting that there was also a surge in activity among its community members. It announced a goal of earning a spot among the top 10 meme coins, and it hinted at an entire range of developments expected to take place ove...

The price of XRP continues to consolidate above the $0.50 support level , and a crypto analyst has suggested that the token has the potential for further upside if it breaches several resistance marks. Based on the token’s technical Analysis , the analyst, Dark Defender, suggested in an X post on May 26 that XRP is on the brink of breaking through a critical resistance zone. This breakthrough could trigger a substantial price surge. In making the prediction, the analyst focused on the Heikin Ashi Candles combined with the Fisher Indicator. He explained that this method effectively identifies trends by analyzing highs, lows, and opening and closing prices over a specified time frame. Picks for you Position trader profits $13 million (345%) with the 'Nvidia of crypto' 15 mins ago ...