Ethereum is down this week despite recently setting its highest price in over two years, but the market lull didn’t stop someone from spending big on Wednesday: A CryptoPunks NFT was just purchased for more than $16 million worth of ETH. Punk #7804, one of just nine Alien Punks in the influential Ethereum NFT collection, traded hands for 4,850 ETH on Wednesday afternoon, or $16.42 million at the time of the sale. That makes it the second-largest CryptoPunks sale ever whether measured in ETH and USD. The sale comes just weeks after another Alien Punk (#3100) sold for 4,500 ETH,…
Author: Web3 Daily Press Staff
In the rollercoaster world of cryptocurrency, Dogecoin (DOGE) investors are currently perched on the edge of their seats, anxiously awaiting a potentially game-changing approval from Tesla, even as the DOGE price faces yet another downturn. Amidst this backdrop of anticipation and market volatility, a new contender, Shiba Budz (BUDZ), is quietly capturing the attention of the crypto community, offering an alternative investment opportunity that many Dogecoin (DOGE) enthusiasts are beginning to explore.Dogecoin (DOGE): The Beloved Meme CoinDogecoin (DOGE), initially created as a lighthearted joke, has evolved into a significant player in the cryptocurrency market, thanks in part to high-profile endorsements…
inSure DeFi achieves a high risk analysis based on InvestorsObserver research. The proprietary system gauges how much a token can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk. InvestorsObserver is giving inSure DeFi a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on inSure DeFi! This news is republished from…
For the past few weeks, Bitcoin (BTC) has been pushing to continuous all-time highs following the bull market run. Immediately after it broke above $68,000, it continued, recording a new ATH at $73,000. While Bitcoin rose, the demand for Bitcoin ETFs has multiplied. Despite this growth in the investment interest, Bitcoin recently tumbled on a bearish correction. While volatility sets in, InQubeta (QUBE) has been enjoying massive demand from large investors because of the platform’s multiple future-proof offerings. Holders of QUBE can earn massively and diversify their holdings against volatility. InQubeta’s AI features position it as a strong contender to…
Mehen Finance has announced that the retail release of its USDM, a stablecoin based on Cardano, will occur in April. USDM, a fiat-backed stablecoin pegged 1:1 to the U.S. dollar, initially launched on March 17 for institutional users. The retail rollout of USDM is expected to enhance Cardano’s decentralized finance (DeFi) ecosystem, providing users with a fiat-backed alternative to existing algorithmic stablecoins. Cardano’s DeFi ecosystem is valued at around US$390 million, which makes it the 16th largest network, according to DeFiLlama. It is also the seventh-largest network for non-fungible tokens (NFTs) with US$642 million in all-time sales. Ethereum hosts the…
Bitcoin Cash (BCH) Receives a Neutral Rating Wednesday: Is it Time to Jump Ship? InvestorsObserver This news is republished from another source. You can check the original article here
Guest Author Kelexo (KLXO) multi-level pre-sale campaign gains new supporters in March Read U.TODAY on Google News The volatility of the cryptocurrency market is always at the center of every investor’s mind. Investors have to watch for which projects are on the rise and which ones are dropping soon. Ethereum (ETH) had risen above the $4,000 mark, but its price has recently declined.Kelexo (KLXO) is a new cryptocurrency coin on the market. Supporters of Kelexo (KLXO) can take part in the pre-sale second phase and buy tokens here.Solana (SOL) and Binance Coin (BNB) are growing rapidlySolana (SOL) is ranked as the number…
Ethereum has reclaimed its position as the top-ranking blockchain in non-fungible token (NFT) sales over the past 24 hours, with a 12.06% rise to US$12.47 million, according to CryptoSlam data. The blockchain saw a slight decrease of 5.29% in wash sales on Wednesday, which are typically non-genuine transactions used to inflate volume. This performance has contributed to Ethereum’s all-time sales volume, which now sits at a market-leading US$43.27 billion. Bitcoin, which led the industry in NFT sales each day leading to Wednesday this week, came in second with US$10.9 million. Bitcoin’s performance helped the network reach a new milestone as…
The US Securities and Exchange Commission (SEC) is reportedly pursuing a legal campaign to classify Ethereum as a security. Indeed, Fortune reports a plethora of US companies were subpoenaed related to an ongoing investigation into ETH. The development further threatens the industry-wide hope of the SEC to approve a Spot Ethereum ETF this year. The agency had issued approval for 11 Spot Bitcoin ETFs in January, but the current legal action appears to undermine Ethereum’s chances. JUST IN: 🇺🇸 SEC pursuing legal campaign to classify Ethereum as a security. — Watcher.Guru (@WatcherGuru) March 20, 2024 Also Read: BlackRock Launches Digital…
Gary Gensler, chairman of the US Securities and Exchange Commission Al Drago—Getty Images The Securities and Exchange Commission is waging an energetic legal campaign to classify Ethereum, the second-most popular cryptocurrency, as a security, according to U.S. companies that have received subpoenas related to an investigation. The news delivers a further blow to the crypto industry’s hopes the agency will approve applications by BlackRock and others for an Ethereum ETF following the SEC’s approval of a series of Bitcoin ETFs in January. The SEC’s Ethereum investigation involves demanding companies furnish any documents and financial records they may have regarding their…