The release of OpenAI's o3-mini comes as DeepSeek's ultra-efficient R1 model sparked a trillion-dollar tech selloff and reshaped the AI landscape.
XRP has average loss of 3% in February, will history repeat again?
COINOTAG reported on February 1st that a significant development is taking shape within the U.S. cryptocurrency landscape. A total of 15 states are actively pursuing the implementation of a Bitcoin
According to on-chain data released on February 1st, El Salvador has bolstered its Bitcoin reserves by acquiring an additional 5 BTC. This decision increases the nation’s total holdings to an
Bitcoin's peak could occur between 250 and 329 days after current records. Halving events are likely to alter market dynamics significantly. Continue Reading: Bitcoin’s Price Peaks: Insights from Historical Data The post Bitcoin’s Price Peaks: Insights from Historical Data appeared first on COINTURK NEWS .
Cryptocurrency analytics firm CryptoQuant has turned its focus to The Open Network (TON) in its latest review. According to the report, TON experienced a sharp decline in Total Value Locked (TVL) across decentralized exchanges (DEXs), centralized exchanges (CEXs), derivatives, and options markets, indicating a wave of investors exiting positions, liquidating their holdings, and reducing overall exposure to the asset. While such a pullback usually signals capitulation by investors, CryptoQuant suggests that it could also be used as a buying opportunity for whales. Historically, large investors tend to accumulate assets when individual sentiment is at its lowest, paving the way for a future price recovery. Related News: Something's Wrong with Google Searches for Bitcoin: Little Interest Compared to Previous Bulls - Analytics Company Explains Why Further supporting this thesis, the Staking TVL Ratio (which measures the share of total TVL allocated to staking) has started to rise again. This rise suggests that despite the sell-off in speculative markets, a significant portion of investors still have long-term confidence in TON and are choosing to stake their tokens rather than sell them. CryptoQuant’s analysis suggests that this deleveraging pattern and subsequent renewed staking activity could signal the beginning of a recovery phase. *This is not investment advice. Continue Reading: Analytics Company Put Forwarded New Argument: “Whales May Be Preparing For Entry In This Altcoin”
Flayer and NFTX are experiencing a remarkable surge in price as both meme coins are up over 234% at last check Saturday. NFTX, the decentralized protocol aiming to create liquidity for non-fungible tokens (NFTs), has drawn attention across the crypto and NFT spaces. And while not much is known about Flayer, we do know that today marks the first that the coin is listed on LBank, a global cryptocurrency exchange. Flay At the time of writing, Flayer ( FLAY ) was up about 240%. Source: CoinGecko FLAY supports protocols built by Flayer Labs, a technology company that specializes in blockchain, decentralized finance (DeFi), and Web3 development. The Flaunch protocol is a meme coin launcher based on Base architecture and supported by Uniswap V4, the latest version of the decentralized exchange (DEX) protocol. Notably, FLAY holders can flip a fee switch to receive 10% of the transaction fee for the protocol. Holders also have access to the FLAY on-chain governance, according to LBank . You might also like: Floki forms death cross as weekly burn rate hits 610m NFTX The primary driver behind NFTX’s ( NFTX ) price surge appears to be an uptick in the non-fungible token (NFT) market. In recent weeks, the NFT market has seen a resurgence in demand for high-profile collections, and NFTX’s unique offering—allowing users to pool and trade tokenized versions of NFTs—has gained increased adoption. The recent market movement has attracted both institutional and retail investors looking for ways to gain exposure to NFTs without needing to purchase individual tokens, which can often be illiquid or prohibitively expensive. Here’s how NFTX is currently trading: Source: CoinGecko Additionally, NFTX has made strides in expanding its DeFi partnerships, integrating its liquidity pools with major platforms like Uniswap and Sushiswap, further enhancing its utility. NFTX’s price jump also aligns with the broader trend of institutional players moving into the NFT space. With large players like hedge funds and VC firms beginning to take NFTs more seriously, the market for NFT liquidity is seemingly maturing. Read more: NFT sales drop to $138m, Pudgy Penguins sales soar 39% week-over-week
$5.7 trillion Switzerland's banking mogul UBS taps zkSync testnet to experiment with its UBS Key4 Gold instrument
The post Dogecoin Comes Under Fire Since Musk & Trump Bias Partnership Leaving Big Gains For New Panshibi (SHIBI) appeared first on Coinpedia Fintech News Dogecoin has recently faced criticism due to Elon Musk’s involvement in the Department of Government Efficiency (DOGE), raising concerns about potential conflicts of interest. In light of this, many investors are paying attention to Panshibi (SHIBI) . This new meme coin offers unique features and growth potential and is poised to deliver similar explosive returns. The presale token combines social fi with artificial intelligence elements so that token holders can compete in quests to earn rewards and win prizes, gaining momentum as one of the top altcoins. Panshibi: More Than Just a Memecoin Panshibi, a new meme coin, is set to launch in just over 50 days. With meme coins still trending, this could be the perfect time for the project’s debut. Panshibi stands out by bringing together three strong communities—Asia, pandas, and meme coin fans. But Panshibi isn’t just another meme token. The project has real utility and long-term goals. Its token distribution plan includes 60% for the presale, 15% for staking and community rewards, and the rest for marketing and exchange listings. The team plans to grow the community by offering staking rewards, NFT access, and charity involvement. These efforts aim to increase the token’s popularity and attract more investors. Right now, the presale token is priced at $0.003 in Stage 2 of the presale . When it launches at $0.026, early investors could see gains of 1,200%. But experts believe this is just the beginning—some predict SHIBI could rise 100x, making it a serious contender in the crypto world. Panshibi is changing the game for meme coins by adding real value. This new crypto project blends creativity, community, and real-world impact to attract early investors. Plus, the token staking rewards go up to 1,200% APY, making it more than just a joke coin. Dogecoin’s Big Rise In 2021, Dogecoin moved from being a joke in 2013 to a significant participant. The token’s strong community helped drive the price up by almost 800% in January, to $0.07 in a single day. Dogecoin’s journey proved that meme coins can reach unexpected heights. Dogecoin (DOGE) is down 5% on the weekly trends and is now priced at $0.3321. Over the past day, the token value moved between $0.31 and $0.34. Experts have different views on where Dogecoin is headed. Some think the project could reach $1 by March if more people start using the token and market conditions improve. For now, doge price prediction suggests it may trade between $0.34 and $0.39 next month. Time to Switch to Panshibi (SHIBI)! While Dogecoin struggles under the weight of its controversial connections, Panshibi (SHIBI) is emerging as one of the top altcoins. With doge price prediction, the token could soar by 100x in the coming months; now might be the perfect time to make a move. Don’t wait for the price to skyrocket—get in early. Join the Panshibi ($SHIBI) presale and community: Join Panshibi ($SHIBI) Presale Join the Panshibi ($SHIBI) Community
The hype of meme-themed cryptocurrencies has grown significantly in the last few years, and so does the meme coin scams. 2024 witnessed a change in investors’ mindset around these low-cap meme-themed cryptos due to their high profitability. However, this simplicity and demand created the opportunity for scams, especially the pump-and-dump ones, where creators lure investors in before crashing the token. The most recent case is of this Indian meme coin creator scam, where the crypto investor with the pseudonym MrPunkDotEth allegedly scammed $10M in GANG token in just 8 minutes. Let’s discuss. How This $10M Indian Meme Coin Scam Took Place Fawi, a fellow crypto user, analyzed the alleged Indian meme coin scam and shared the findings on X. Fawi claimed that an Indian-origin investor, who goes by the pseudonym, MrPunkDotEth, is behind this trending meme coin crash. According to multiple experts’ claims, MrPunkDotEth launched the GANG token and claimed that this is ‘for the culture.’ The crypto community’s concern began when the creator revealed his plans to own 90% of the token supply to control the token and sell only 5%. More importantly, later findings reported that the person had almost 95% of the supply, which he extracted and dumped, crashing this token. Just moments after the launch news, the creator allegedly began dumping his GANG crypto holding, extracting $1.3M within two minutes. However, things were just the beginning, as the creator has multiple side wallets, collectively extracting $10M and immediately off-ramping these via Binance. Notably, the $10M extraction is just speculation now, but most experts claim the creator benefitted more than $4M from this scam. More importantly, this resulted in the Thug life price crash, leaving 99% of the holders in losses while the insiders made profits. GANG Token Crashed 99.5%, Getting Community Backlash MrPunkDotEth’s tweet about the GANG token launch went viral, giving the token an initial boost, mainly because the creator showed a fun side of it. He claims the token is for community and culture, which got attention. However, as the Indian meme coin scam unraveled, the GANG token price crashed by 99.5%. It is currently trading at $0.00002101, with a market cap of $112.51K and a trading volume of $257.43K per Geckoterminal . This has left the crypto community outraged, as the alleged creator blatantly runs a rug-pull scam. Investors have called for legal action against the creator and urged the crypto exchanges and platforms to freeze the funds. In a similar yet different scenario, CHARLES token crashed, as the Cardano founder, Charles Hoskinson burned $100M worth of ADA meme coin. The CHARLES meme coin creator sent these tokens to him, who wished to benefit from associating the crypto with Hoskinson. What’s The Lesson Here? The increasing number of rug pull scams has affected thousands of investors. Such incidents brought attention to the strictness of DYOR and ignoring the FOMO. In the Thug Life token’s case, the creator builds a FOMO around the token, resulting in massive losses for 99% of the investors. The MrPunkDotEth has been alleged in the Indian meme coin scam, where experts believe that the investor and the creator must have benefitted around $10M. Investors are advised to avoid single entity-owning projects, check wallet activities, and implement proper risk management. The post How an Indian Meme Coin Creator Allegedly Scammed $10M in Just 8 Minutes? appeared first on CoinGape .