Author: Karly Marie

Solana-based memecoin Peanut ($PNUT) has taken the crypto world by storm, reaching a staggering $1 billion market cap within just two weeks of launch. This explosive growth has been fueled by key exchange listings on Binance and Bybit, which have significantly boosted investor interest and liquidity. At the time of writing, PNUT is trading at $1.40, marking an astonishing 230.4% surge in the last 24 hours alone. The token has skyrocketed by over 1,084% in the past week, making it one of the fastest-growing assets in the crypto market. What’s Driving the $PNUT Frenzy? Several factors have contributed to $PNUT’s…

A recent study by onchain analyst Ai_9684xtpa revealed that 80% of memecoins listed on Binance in 2024 experienced price surges, highlighting the exchange’s powerful impact on the crypto market. Out of the 15 memecoins listed on Binance this year, 12 saw significant post-listing price increases. Some of the biggest gainers included: While most memecoins soared, a few bucked the trend. Mog Coin (MOG), Myro (MYRO), and Book of Meme (BOME) all saw declines, with MYRO dropping 33.3% and MOG losing 11.8% of its value. Solana Dominates Binance Memecoin Listings The study also found that 60% of Binance-listed memecoins in 2024…

The MOODENG memecoin, inspired by the viral Thai baby hippo Moo Deng, skyrocketed nearly 500% in value after Ethereum co-founder Vitalik Buterin mentioned it in a social media post and donated proceeds from its sale to charity. The price surge added to an astonishing 2,700% seven-day rally, fueling discussions of a memecoin supercycle. On Monday, Buterin sold 10 billion MOODENG tokens for 308.69 ETH ($762,000) and donated 260 ETH ($642,000) to the Kanro charity, which focuses on anti-airborne disease technology. Buterin acknowledged the positive impact memecoins can have on the world, stating: “I think the best thing for memecoins is…

Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, was released from a correctional facility in California on Friday after completing his four-month sentence. Zhao, 47, had pleaded guilty in November 2023 to failing to implement adequate anti-money laundering protocols at Binance, which allowed cybercriminals and terrorist groups to operate on the platform. A spokesperson for the Bureau of Prisons, Scott Taylor, confirmed that Zhao was released from a halfway house in Long Beach, California. He had initially reported to a low-security federal facility in June 2024. The Binance Scandal and Zhao’s Guilty Plea Zhao’s guilty plea was…

The cryptocurrency market in 2024 has outpaced the historic 2021 bull run, with global transaction activity surpassing previous peaks, according to Chainalysis’ fifth annual Global Crypto Adoption Index. Between Q4 2023 and Q1 2024, the total value of crypto transactions skyrocketed, reaching a peak index score of 0.8 in Q4 2024, compared to the previous high of 0.7 in Q4 2021. Despite a slight decline to 0.68 in Q2 2024, this data signals unprecedented growth in crypto adoption. Bitcoin ETFs: The Catalyst for Crypto’s Growth The surge in global crypto activity was primarily driven by the launch of spot Bitcoin…

The cryptocurrency market has suffered its most devastating crash in over a year, with $510 billion wiped out from total market capitalization. Over 60% of the top 50 cryptocurrencies have now lost all gains made since the beginning of 2024. CryptoQuant analyst Binhdangg highlighted the scale of the collapse, stating in an Aug. 6 post on X (formerly Twitter): “After Black Monday, 60% of coins in the top 50 have removed all profit since the beginning of 2024 and even get losses.” The sell-off has pushed leading cryptocurrencies into dangerous territory, with Ethereum (ETH) briefly dropping below $2,200, a five-month…

Former US President Donald Trump made a striking campaign promise at the Bitcoin 2024 conference in Nashville, vowing to end the “war on crypto” and make the United States the “crypto capital of the planet” if re-elected in November. Addressing an enthusiastic crowd, Trump likened Bitcoin to the early steel industry, emphasizing its potential to revolutionize finance. He went even further, boldly predicting: “One day, Bitcoin will overtake gold.” The speech marked a significant shift in Trump’s stance on cryptocurrency, as he once dismissed digital assets. Now, he is actively courting the crypto and Bitcoin communities, positioning himself as their…

Crypto’s Top Narratives in Q2 2024 The cryptocurrency market in Q2 2024 was shaped by three dominant themes: memecoins, real-world assets (RWA), and artificial intelligence (AI). According to CoinGecko’s latest industry report, these categories accounted for 36% of all web traffic on the platform during the quarter. This trend mirrors Q1 2024, showing the sustained interest in speculative digital assets, tokenized real-world investments, and AI-powered blockchain applications. Memecoins Lead the Way Memecoins—cryptocurrencies inspired by internet culture and viral trends—claimed the top spot in CoinGecko’s crypto narrative rankings, capturing 14% of total web traffic. However, despite their profitability, memecoins continue to…

Memecoins have emerged as the most profitable crypto narrative of 2024, eclipsing Bitcoin and other major altcoins in gains, according to a recent CoinGecko report. With an astounding average return of 1,312.6% in Q1, memecoins outperformed every other sector in the cryptocurrency market, proving their dominance despite their speculative nature. Memecoins Lead the Crypto Surge The surge in memecoins was fueled by massive investor interest and viral community-driven projects. Among the top performers were: According to CoinGecko analyst Lim Yu Qian, memecoins were 4.6 times more profitable than tokenized real-world assets (RWAs)—the second-best performing sector—and 33.3 times more profitable than…

At the start of 2022, the global cryptocurrency market boasted a staggering $2.4 trillion valuation. But by year’s end, it had plummeted by 64%, sinking to just $845 billion. The year saw unprecedented collapses, regulatory crackdowns, and transformative shifts that reshaped the crypto landscape. Here’s a look at the most defining moments of 2022. Bitcoin’s Major Adoption Milestone with CashApp Jack Dorsey reinforced his commitment to Bitcoin by integrating the Lightning Network into CashApp, allowing seamless and nearly free BTC transactions. With over 50 million monthly active users, this move marked one of the biggest mainstream adoption events in Bitcoin’s…