Pudgy Penguins has dropped by 9% in the past 24 hours, with the new Solana-based meme token falling to $0.02958 as the crypto market suffers a 5% fall today. Despite having declined by 56% since Tuesday’s all-time high of $0.06845, PENGU remains up by an impressive 159% from its launch price, making it one of…
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Solana DApp Revenue Soars 15x in 2024, Led by Meme Coins and DeFi
Solana (SOL) and its decentralized applications (DApps) ecosystem have experienced explosive growth, reaching an all-time high in revenue in November 2024. A report from research platform Syndica revealed that Solana’s revenue hit $92 million, a 15x increase from $6 million in January, while Solana DApps generated a record $365 million, a 14x jump from $26…
Eric Vreeland, Polyhedra: ‘ZK-Proofs Are the Only Way Blockchain Can Realize Its True Vision’ – Interview
Continuing our interview series, we introduce Eric Vreeland – Chief Strategy Officer at Polyhedra Network—a company focused on building next-generation zero-knowledge (ZK) proof infrastructure. Eric’s work centers on improving the accessibility of ZK technology. Polyhedra Network’s interoperability solution, zkBridge, connects over 25 blockchains. This solution allows developers to build secure, scalable, and interoperable applications without…
Chainalysis Estimates $2.2B Stolen From Crypto Platforms in 2024
Crypto hacking remains a huge challenge, with the total value of stolen funds surging to $2.2 billion in 2024, a 21.07% year-over-year increase, reports blockchain analytics firm Chainalysis. The number of hacking incidents also grew, rising from 282 in 2023 to 303 in 2024. Chainalysis highlights while the year started with alarming intensity—$1.58 billion was…
PENGU Price Spikes 500% After Airdrop, Then Drops – Is This the End?
The launch of Pudgy Penguins (PENGU) caused a major stir in the crypto market. The price surged nearly 500% on the first day, only to drop sharply. Will the success continue? On Dec. 17, during the first hours of trading, PENGU’s price increased from $0.01141 to $0.06845, reaching an all-time high (ATH), according to CoinGecko…
Elliott Wave View Expects NZDUSD to Extend Lower
NZDUD decline from 10.1.2024 high is in progress as an impulse Elliott Wave structure. Down from 10.1.2024 high, wave 1 ended at 0.6049 and wave 2 rally ended at 0.6119. Pair then resumed lower in wave 3 towards 0.5813 and wave 4 ended at 0.5928. Currently wave 5 is in progress with internal subdivision as…
Dogecoin Bulls Hold $0.35 Support Level – When Will DOGE Hit $1?
The Dogecoin (DOGE) price took a beating on Wednesday, dumping one 9% as risk assets slumped across the board following a more hawkish than expected policy announcement from the US Federal Reserve. The Fed cut interest rates by 25bps but pushed back against expectations for a continuation of rapid interest rate cuts in 2025. What…
South Korea’s Deputy PM: ‘Government Not Negative on Crypto’
South Korea’s Deputy Prime Minister has claimed that the government is not negative on crypto-related matters. Choi Sang-mok, the nation’s Deputy Prime Minister and Minister of Strategy and Finance, admitted that “domestic and international uncertainties” remain in the wake of a successful vote to impeach President Yoon Suk-yeol earlier this month. Not Negative on Crypto:…
Shiba Inu Price Dumps 7% After Fed Announcement – Meme Coin Market Crash Incoming?
The Shiba Inu (SHIB) price dumped around 7% on Wednesday as meme coins took a beating in wake of a hawkish Fed policy announcement that dented sentiment across financial markets. The US Federal Reserve axed interest rates by 25bps as expected, but played down the prospect of substantial further easing in 2025. BREAKING: The S&P…
Crypto Could Experience Harrowing Dump Post Donald Trump Inauguration, Arthur Hayes Says
Former BitMEX CEO Arthur Hayes believes digital assets will fall victim to a “harrowing dump” following the January 20 inauguration of President-elect Donald Trump, a new Substack from the crypto mogul shared this week shows. Donald Trump Inauguration May Signal Selloff, Ex BitMEX CEO Says According to Hayes’ prediction, anticipated policy changes regarding the crypto…