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Meme Coins Rise as NFTs Hit a Rough Patch

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As the crypto landscape undergoes a dramatic transformation in early 2024, meme coins have taken center stage and generated unprecedented gains. In this context, the NFT market faces a recession, setting the stage for a possible comeback driven by innovative projects and a revitalized focus on utility and technology.Tale of Two Trends: Meme Coins Soar…

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Coinbase Sees Largest USDC Inflow Ever, What This Could Mean for Bitcoin

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On-chain data shows that Coinbase has just witnessed its largest inflow of US Dollar coins (USDC). Here’s why this might be relevant to Bitcoin. Coinbase Just Received $1.4 Billion in USDC As noted by analyst Maartunn in a post on X, a large amount of USDC has flowed into Coinbase over the past day. The…

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Dogecoin patterns that led to a 28,000% rally in 2020 have returned

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Dogecoin is back on cryptocurrency investors’ radar after several important patterns emerged. This was pointed out by cryptanalyst Ali Martínez, who identified several patterns similar to those observed in 2020 that could result in a parabolic rally. Dogecoin chart is similar to 2020 2020 was a pivotal year for Dogecoin as it was the setup…

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Ripple Developers Launches Meme Contest on Holiday Community Boost

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Developers at Ripple Labs Inc. recently started a meme contest as part of their year-end community engagement efforts. Ripple Developer Meme Contest RippleX, the open platform for XRP Ledger developers, has introduced a unique and fun challenge for its developers and community members called #builtonXRPL Challenge. This initiative adds a touch of humor and creativity…

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Ethereum Layer-2 Transactions Soar 330% in 2023, ARB and OP Take Lead

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Ethereum Layer 2 transactions soared by more than 330% in 2023 compared to last year. In recent months, Ethereum scaling solutions have seen a notable increase in interest, marked by the frequent introduction of the new Layer 2 (L2). One of the latest players in this dynamic landscape is Coinbase’s Base L2, which has caught…

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NFT Trader Suffers $3 Million Loss in Multiple Attacks

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NFT Trader, a peer-to-peer non-fungible token trading platform, has suffered a series of multiple exploits resulting in multi-million dollar losses to users’ assets. The incident occurred on December 16, and bad actors made off with $3 million worth of tokens, including 13 Mutant Ape Yacht Club, 37 Bored Ape, some VeeFriends, and World of Women…

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Bitcoin Miners Outpace Production Amid 18-Month Price Surge

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As Bitcoin’s value hits an 18-month high of $37,000, marking a stellar rise of over 100% year-to-date, top Bitcoin miners have made a surprising move. Significantly, they sold 5,492 Bitcoins, withdrawing around $164 million. This number dwarfs the amount they produced, clearly showing their sales strategy during the cryptocurrency rally. Strategic sales increase for the…

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Curious patterns emerge amid XRP price explosion

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The price of XRP saw a rapid rise along with the rest of the crypto market over the weekend, finally taking its price above the $0.53 mark. Amid this price surge a pattern emerged that suggests what may be happening with the altcoin. Real volume amid rising XRP prices On the Messari actual volume chart,…

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Ten decentralized finance protocols govern over 52% of WBTC in circulation

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As of October 22, 2023, there are 79,839 individual wallets containing WBTC, a token pegged 1:1 to Bitcoin (BTC). WBTC tokens in circulation total 163,006, valuing the project at $4.88 billion. Since December 17, 2022, there has been a 12.31% reduction in the circulating supply of WBTC, from 185,909 WBTC to the current 163,006 WBTC….