Latest Crypto & Bitcoin News

Crypto analytic platform Messari said meme coins could bring a new audience to the crypto market. Messari Research Vice President Maartje Bus made striking statements about the cryptocurrency market at BUIDL Asia in Seoul on Thursday, March 28th. Bus said that the astounding and extremely attention-grabbing rises in meme coins could attract people completely unrelated to the crypto market. Bus, who pointed out that stories of riches are easily spread through meme coins, implied that they are important public faces for the crypto sector: Crypto is often criticized for not having use cases for the average person, and that’s a fair observation. However, meme coins have consistently been successful in roping people in.

The whale continues to accumulate altcoin after making a new purchase following an 11-day hiatus. According to the data shared by the on-chain analysis account Lookonchain on March 28, a whale took action for an altcoin after 11 days. The whale, who had made a purchase of $8.3 million for the native crypto currency of the world’s largest cryptocurrency exchange Binance, Maker (MKR), about 11 days ago, had transferred 2,957 MKR to his wallet from about $2,799 levels. Today, the whale made a move again and purchased 1,308 MKR worth $4.34 million from Binance. According to CoinGecko data, MKR experienced an increase with the purchase from the whale. MKR is currently at $3,344 levels with a 4.1% increase in the last 24 hours.

Two projects under the radar of BOME and SLERF, the most popular meme coins of recent times, have exceeded $10 million. The frenzy of meme coins that have swept the cryptocurrency world continues at full speed. Investors are looking for the next mysterious cryptocurrency that can make them rich overnight through viral popularity and unique marketing strategies. The meme coin-seeking cryptocurrency whales, such as BOME and SLERF, from some of the most profitable projects of recent times, are focusing on Dogecoin20 and Slothana. Let’s take a look at these two projects and what they promise to investors. Eco-Friendly Dogecoin Alternative DOGE20 Exceeds $10 Million One of the first projects that comes to mind when it comes to meme coins is undoubtedly Dogecoin, the first joke-themed cryptocurrency. The alternative to Dogecoin, Dogecoin20, built on the Ethereum-based ERC-20 token, is attracting the interest of environmentally friendly and meme coin enthusiast investors. Revealing […]

The world’s largest crypto options exchange Deribit will witness one of its heaviest options expirations this weekend. $9.5 billion worth of Bitcoin options contracts will expire on the Deribit cryptocurrency derivative exchange this weekend. This will be one of the largest monthly options contract expirations in the exchange’s history. A significant portion of the options contracts, $3.9 billion, are profitable at Bitcoin’s current price. The prevalence of profitable investors’ movements is expected to cause significant volatility in the market, while the dominance of short positions also drew attention. The open position amount in Deribit’s Bitcoin options contracts has recently increased significantly. This was indicated to potentially bring more upward movement. Luke Strijers, Deribit’s Chief Commercial Officer, stated that the exchange currently has a conceptual position of $1.2 billion in Bitcoin for contracts of $100,000 or more. He also emphasized that a significant portion of the options contracts have a “maximum […]

The layer 2 project based on Ethereum (ETH) climbed to the top with the announcement of a new reward system. The cryptocurrency exchange Bybit-backed Mantle (MNT) announced its reward program on Wednesday, March 27, causing the token price of the project to reach its peak. The program, called Mantle Rewards Station, attracted 11,254 users and locked in 56.6 million MNT worth 68 million dollars in a short amount of time. Participation in the reward program will continue until April 26. Users will receive Ethena Shards (mShard) rewards in proportion to the amount of MNT they have locked. The rewards will be covered by the Mantle treasury, and users will be able to withdraw mShard rewards daily. MShard holders will have the right to buy the altcoin called ENA to be issued by Ethana Labs: The Ethena Shards rewards for the campaign are fully supported by the Mantle treasury and will […]

Despite the general correction in the market, Ether.fi (ETFI) launched through Binance’s Launchpool reached an all-time high. The native token of the liquid re-staking protocol, ETFI, reached $8.53, hitting an all-time high recently, fueled by high demand. According to CoinGecko data, ETFI, the governance token of the protocol, climbed to $8.53 with a 44% increase from levels of $5.91 over the last 24 hours. Meanwhile, Bitcoin, Ethereum, and major altcoins experienced a general decline. ETFI erased the decline seen following the airdrop on March 18th with this rise. DeFi expert analyst Ignas, speaking to CoinDesk, noted that the rise in ETFI could host the rise of other re-staking tokens such as Swell, Renzo, Puffer, Kelp, and EigenLayer, making them more efficient as ETHFI rises. According to CoinGecko data, other re-staking tokens include AltLayer (ALT), Pendle (PENDLE), and TENET.

BlackRock, one of the world’s largest asset managers, is pouring money into the tokenized asset fund. BlackRock introduced the tokenize d asset fund named BUILD last week. According to Bloomberg, the fund raised $160 million in its first week. BUILD was introduced as a tokenized money market fund that invests in US Treasury bonds, repurchase agreements, and cash. BlackRock was said to have included the fund with Securitize. Following BlackRock’s move, Ondo Finance (ONDO) and TokenFi (TOKEN) saw significant increases in real-world asset (RWA)-based projects. Shortly after the fund’s introduction, Ondo Finance announced that $95 million worth of tokens were transferred to the BUILD fund. This move and the transfer of funds by investors resulted in rapid growth of BlackRock’s fund.

Taiwanese singer Jeffrey Huang, known as Machi Big Brother on social media, has joined the Solana-based meme coin craze. Machi Big Brother jumped on the trend of “Send me Solana, I’ll send you meme coins” and promoted a meme coin called Bobaoppa, managing to raise 203,000 SOL worth $38 million in just 15 hours. Machi Big Brother shared the following statement about the matter: My son is taking his talents to Solana. The meme coin event, which required a minimum of 1 SOL to participate, saw huge demand, and blockchain detective ZachXBT revealed that the singer had been behind numerous ICO projects before. According to details uncovered by ZachXBT, Jeffrey Huang has been involved in pre-sales of dozens of ICOs, including Mithril, Formosa, Machi X, Cream Finance, and Mith Cash in 2022.

The CEO of the cryptocurrency exchange KuCoin, which is in a lawsuit with the US, announced an airdrop campaign. The US Department of Justice (DOJ) recently sued the cryptocurrency exchange KuCoin on charges of violating banking laws and conducting unregistered money transmission activities. After this lawsuit, a panic environment was created, and it was seen that 1 billion dollars worth of cryptocurrencies were withdrawn within 24 hours. Following the tension, KuCoin’s CEO Johnny Lyu announced that a $10 million airdrop would be made to users. The CEO stated that the airdrop will be made in the exchange’s local token KCS and Bitcoin and that more details will be announced in the next 3 days: We thank you for being with KuCoin and trusting it. This means a lot to us. With great gratitude, we will start a special airdrop of $10 million in KCS and Bitcoin to users who have […]

The CEO of BlackRock, the world’s largest asset manager, Larry Fink, expressed his surprise at the rise in Bitcoin and commented on the Ethereum ETF. Larry Fink spoke to Fox Business’s Charlie Gasparino and Liz Claman on Wednesday, March 27th. In his statement, Fink expressed his surprise at the demand for BlackRock’s iShares Bitcoin Trust (IBIT) ETF, as well as the rise in Bitcoin. Nevertheless, Fink, who is optimistic about the long-term sustainability of Bitcoin, emphasized that “the market has become more transparent and liquid”: “We could never have predicted such retail demand before applying. I was surprised at the rise of Bitcoin… We are creating a market with more liquidity and transparency. I am optimistic about long-term sustainability.” Since the approval of the spot Bitcoin ETF by BlackRock, the company has hosted the highest inflows of funds, collecting about $16 billion in assets over a period of about 2 […]