A heavyweight from the once-hot NFT era is now getting into the cryptocurrency issuance game. Pudgy Penguins launched three years ago as a set of 8,888 NFTs depicting colorful and comical birds. Now, the team behind the project tells CoinDesk that they will release a token called PENGU this year on the Solana blockchain. Nearly […]
Memecoins Reach $140B Market Cap and Gain Ground in Crypto Economy
Memecoins undoubtedly capture a big slice of crypto observers’ attention — even if not everyone is a fan. But data shows they’re gobbling up a growing amount of the crypto economy too. The sector — powered by the likes of dogecoin (DOGE) and Shiba Inu (SHIB) — made up 3.16% of the combined market capitalization […]
CoinDesk 20 Performance Update: RENDER Gains 14.7% as Index Moves Higher
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3974.18, up 1.8% (+70.68) since yesterday’s close. Ten of 20 assets are trading higher. Leaders: RENDER (+14.7%) and LTC (+9.7%). Laggards: ETC (-5.7%) and ICP (-3.1%). The CoinDesk 20 […]
Market Makers May Keep Bitcoin Around $100K as Overheated Market Faces Pullback Risks
Bitcoin (BTC) and the broader crypto market are witnessing strong demand for bullish leveraged plays, a sign the market is overheated. While market makers’ hedging is likely to keep BTC supported at around $100,000, the heightened activity raises the risk of pullbacks for other cryptocurrencies. Bitcoin, the leading cryptocurrency by market value, tapped a record […]
Bitcoin Hits Major Milestone of $100K, Nears $2 Trillion Market Value
Bitcoin’s price has surged past the $100,000 mark for the first time in its history, fueled by institutional demand, corporate accumulation and heightened expectations of crypto-friendly policies under Donald Trump’s presidency. Now ahead about 130% year-to-date, bitcoin’s market capitalization has risen to just shy of $2 trillion only 15 years after coming into existence. For […]
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