Author: CryptooTimes
The 50-day simple moving average marks major support at $64,870. Source link
House Financial Services Committee chair Patrick McHenry is urging the Senate to pass a crucial bill that seeks to clarify cryptocurrency regulations prior to the November presidential election in the U.S. On May 22, the U.S. House of Representatives approved the Financial Innovation and Technology for the 21st Century Act (FIT21) bill by a majority of 279 to 136, pushing it to the Senate. The massive support from the lower legislative body should be a “wake-up call for the Senate that they need to get on with this,” McHenry told Bloomberg’s Balance of Power on May 30. “They need to…
BTC price needs to work to flip its old 2021 all-time high to support as the Bitcoin monthly close approaches. Source link
Nigerian record producer Davido’s DAVIDO token netted early buyers a profit of nearly $470,000 worth of Solana’s SOl tokens in just 11 hours, on-chain firm Lookonchain flagged, from just over $1,000 in initial capital. This analysis was done by tracking the deployer of the original token, counting how many tokens they acquired after issuance and the sales in the hours afterward. Source link
Over the past month, the AI-created memecoin Turbo has grown by 990% according to CoinMarketCap. In the last week alone, its growth amounted to almost 200%. On May 30, 2024, the coin’s price jumped to $0.007586 before falling 22% later that day. At the time of writing, Turbo is trading at $0.0067 with a market capitalization of $422.8 million. Just a day ago, Turbo’s capitalization has reached $600 million. Source: CoinMarketCap What is Turbo? The Turbo memecoin was created in 2023 as a joke, using ChatGPT. Digital artist Rhett Dashwood asked AI to create a token with a budget of…
Pepe’s price has slid 12% since reaching all-time highs, but trading volume has surged by 216%, indicating heightened interest from traders. Source link
Robert F. Kennedy Jr. on Trump's Guilty Verdict and Pro-Crypto Stance Source link
Musk has denied claims that he discussed crypto with Trump despite ongoing speculation and reports suggesting otherwise. Elon Musk took to X (formerly Twitter) to deny reports suggesting he talked about crypto with Donald Trump, the leading candidate for the 2024 Republican presidential nomination. “Pretty sure I’ve never discussed crypto with Trump, although I am generally in favor of things that shift power from government to the people, which crypto can do,” Musk wrote in a post on X. The Tesla CEO was responding to a Bloomberg report that claimed Musk counseled Trump on crypto-related matters, a prospect that has…
Bitcoin financial services firm and UATX plan to raise $5 million to invest in BTC for the next five years. Source link
It’s only a matter of time, the CEO of Ripple said on stage at Consensus 2024 in Austin. Source link
