Ethereum gaming platform Nifty Island is launching its ISLAND token. Here’s what you need to know about the airdrop, tokenomics, and more.
One feline-inspired memecoin is surging after a surprise listing by Binance, the world’s largest crypto exchange in the world. In a new announcement, Binance says that Simon’s Cat ( CAT ) will be available for trade starting Tuesday over the BNB Chain ( BNB ). Amid the news, CAT is trading for $0.00006245 at time of writing, up nearly 45% in the last 24 hours. With a market cap of $420.8 million, CAT is the 244th largest crypto project. The project is celebrating the support on the social media platform X. “CAT is proud to be the first cat coin listed on Binance. BNB Chain is where it all started and it remains the best chain to build on, NEVER FORGET.” Binance also says that PENGU, the new utility token for non-fungible token project Pudgy Penguins, will be available for trading on Tuesday after an airdrop on Monday. The project announced earlier this month that it planned to launch PENGU on the Solana ( SOL ) network. “With PENGU, the millions of Pudgy Penguin fans and the hundreds of millions of people outside of crypto that see and share the Pudgy Penguin every day finally have the opportunity to align themselves with the character… PENGU will have a total supply of 88,888,888,888 and will launch on Solana.” At time of writing, PENGU has not yet been launched. Binance is attaching a seed tag to both CAT and PENGU, which the exchange applies to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens. Binance requires users who own assets with seed tags to pass quizzes every 90 days to ensure they’re aware of the risks before trading the tokens. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Binance Triggers Rallies With Surprise Listing Announcement for Cat-Themed Memecoin and NFT Project appeared first on The Daily Hodl .
The ongoing nomination of Caroline Crenshaw for a second term at the SEC underscores the pivotal shifts in regulatory attitudes toward cryptocurrency in the U.S. As the Senate Banking Committee
The proposal to buy back tokens with protocol revenues is intended as a new value accrual mechanism for tokenholders.
SoftBank Group, a prominent Japanese financial and technology giant, has recently revealed plans to invest $100bn in the U.S. within the next 4 years. This program, announced by CEO Masayoshi Son together with President-elect Donald Trump plans to bring 100,000 jobs with a focus on developing artificial intelligence and infrastructure. The announcement was made at Trump’s Mar-a-Lago estate in Palm Beach, Florida. Trump also made emphasis on the commitment of the administration to wooing foreign direct investments to boost the country’s economy. Son spoke positively about the U.S. economy after Trump’s win, and this is in line with SoftBank’s focus on innovation in the country. Funding to propel AI innovation The investment will be made by the Vision Fund and a majority stake in Arm Holdings, a semiconductor company, and other sources. Some of the funds may be fresh capital, but the investment could also encompass prior-announced initiatives, such as SoftBank’s $1.5 billion financing of OpenAI , the creator of ChatGPT. Such a large investment belief that SoftBank sees the United States as a center for technological innovation. Son pointed to the company’s emerging optimism about the nation’s economic prospects, which backs the new administration’s emphasis on new technologies. The investment is expected to focus on artificial intelligence and other technologies in the United States. The president noted that the initiative is crucial for maintaining the US as a technological leader in the modern world. This is also in line with Japan’s attempt to cement its economic ties with the US despite existing trade tensions in the new administration. According to Stanford University’s AI Index, the United States is the most advanced country in AI, with the best research, private investment, and responsible development compared to China. The report reveals that private funding for AI in the US was $67.2 billion in the last year, while in China, it was $7.8 billion. Also, the United States remains a leader in producing scholarly articles on ethical applications of AI in business. It also recognizes that China has made a significant increase in the development of AI, as evidenced by its leading role in patent applications and increased research output. However, the United States is still leading owing to the development of infrastructure, legalized system, and power diplomacy. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
Caroline Crenshaw may still have one more chance to be confirmed for a second term as an SEC commissioner before the next session of Congress.
Solana shows significant growth potential with new funding and innovations. Institutional interest and ETF applications indicate strong market confidence. Continue Reading: Solana Shows Strong Growth Potential in 2024 The post Solana Shows Strong Growth Potential in 2024 appeared first on COINTURK NEWS .
Bitget secures a BSP License in El Salvador, enabling Bitcoin-fiat exchanges, payment solutions, and custody services. El Salvador leverages partnerships like Bitget’s while adjusting Bitcoin policies to secure IMF loans
Miami, Florida, December 16th, 2024, Chainwire Floki is set to make its mark at the 2024 World Tennis League (WTL), one of the most exciting mixed-gender exhibition tennis tournaments in the world. Held at the Etihad Arena in Abu Dhabi from December 19 to December 22, this year’s event combines world-class tennis with live music, set
As the FED completes a year of historic monetary policy moves, discussions have already begun about what could happen in 2025. Speaking on CNBC's The Exchange, Torsten Slok, partner and chief economist at Apollo Global Management, offered a contrarian view: The Fed may not only have to keep interest rates steady but also raise them again next year. Slok pointed to stronger-than-expected economic data as a key factor that could influence the Fed’s decisions. According to the Atlanta Fed, U.S. GDP grew 2.8% in the third quarter of 2024 and is projected to reach 3.3% in the fourth quarter. That growth far exceeds the Congressional Budget Office’s forecast for a sustainable 2% growth rate and suggests the economy remains strong despite previous rate hikes. Inflation data also supports Slok’s view. The November consumer price index (CPI) came in at 3.3%, while other measures, such as the Atlanta Fed’s permanent CPI and the Cleveland Fed’s median CPI, are ranging between 3% and 4%. These levels are well above the Fed’s 2% inflation target and underscore ongoing inflationary pressures. “Despite the Fed raising interest rates since March 2022, we are still seeing strong economic growth and sticky inflation,” Slok said. “This suggests that monetary policy may not be as restrictive as some think.” Slok also pointed to potential policy changes under the Trump administration as factors that could contribute to inflationary pressures if he is re-elected in 2024. Proposed measures such as lower corporate taxes for domestic producers, tighter immigration controls and adjustments to customs duties could provide upward thrust to both inflation and economic growth. Related News: One of the Biggest Altcoins Announces Its Largest Update Ever - Here Are the Details “These policies could push inflation higher in 2025 and make it harder for the Fed to justify rate cuts,” Slok said. The discussion also touched on how financial conditions, supported by rising stock and crypto markets, could complicate the Fed’s task. Slok attributed some of that optimism to “election-fueled euphoria,” but warned that loose financial conditions could increase the risks of overheating. “When you look at emerging markets, strong growth and stubborn inflation, it’s hard to argue that cutting interest rates is the right move,” he added. Slok’s outlook challenges the common view that the Fed could cut rates as early as mid-2025. Instead, it highlights the risk of higher interest rates, especially if inflation is more persistent or policy changes under a new administration further increase price pressures. “When we look at the data, everything points to the possibility that the Fed may have to raise rates again next year,” Slok said. “It will be very important for policymakers to ignore theoretical models and focus on real-world dynamics.” *This is not investment advice. Continue Reading: Renowned Economist Surprised While Everyone Talks About Interest Rate Cuts: “Instead of Interest Rate Cut in 2025…”