Author: Crypto News

Last updated: May 27, 2024 14:55 EDT | 2 min read TRON founder Justin Sun is encouraging those in the blockchain sector to vote for the pro-crypto candidate as tensions heat up between Joe Biden and Donald Trump ahead of the 2024 U.S. presidential election.“We should support a presidential candidate who endorses cryptocurrencies,” Sun wrote in a statement on Sunday. “We need to demonstrate to the candidate that the cryptocurrency community, companies, and protocols are significant stakeholders whose voices should be heard and whose interests should be protected.”Vote For The Pro-Crypto Candidate, Justin Sun SaysOn Monday, the TRON founder continued…

Last updated: May 27, 2024 14:34 EDT | 2 min read Elon Musk’s AI startup, xAI, successfully raised $6 billion in a Series B funding round on May 26. The latest Series B round included participation from Vy Capital, Andreessen Horowitz, Sequoia Capital, and Saudi billionaire Prince Alwaleed Bin Talal.According to an official blog post from the xAI startup, the capital raise will bring xAI’s first products to market, build advanced infrastructure, and accelerate research and development of future technologies. Elon Musk also hinted at more announcements in the following weeks.Elon Musk Aims to Guide xAI to Stardom Amidst Failed…

Last updated: May 27, 2024 11:33 EDT | 2 min read A presale for Solana’s all-American hillbilly Sealana ($SEAL) token has attracted over $3 million in a month as it leads a new wave of Solana meme coins that has caught the attention of investors worldwide.Sealana’s predecessors, meme coins coins like DogWifHat ($WIF), Bonk ($BONK), Book of Meme ($BOME) and Popcat ($POPCAT), all quickly rose to become top ten meme coins by market capitalization within a year of launch.Another recent viral Solana meme coin ICO – Slothana ($SLOTH) the 420-friendly sloth – raised an eye-watering $15 million in a recent…

Last updated: May 27, 2024 11:25 EDT | 2 min read Celebrities Caitlyn Jenner and Rich The Kid began boosting namesake crypto memecoins on their respective X accounts over Memorial Day weekend, prompting hacking concerns from X users.In a late Sunday X post, reality TV star and Olympic athlete Caitlyn Jenner announced she launched her own cryptocurrency token, JENNER, using Solana memecoin creator pump.fun.As of Monday morning, JENNER had reached a market capitalization of $37 million. make america great again!!! 🇺🇸  and we love crypto!  https://t.co/SiYwteBGkv @pumpdotfun 🫡 pic.twitter.com/3IDlAoaQJq — Caitlyn Jenner (@Caitlyn_Jenner) May 26, 2024Keeping Up With Caitlyn Jenner’s…

Last updated: May 27, 2024 10:44 EDT | 2 min read Popular ERC-20 meme coin Shiba Inu ($SHIB) is outperforming Bitcoin, Ethereum and top meme coin Dogecoin to become one of the best digital asset investments of 2024.At its current price of $0.00002547, Shiba Inu is a staggering 200% up from its price this time last year.By comparison, the world’s favorite cryptocurrency, Bitcoin ($BTC) is up 158%, Ethereum ($ETH) added 115% over the year, and $SHIB’s top rival, OG doge meme coin Dogecoin ($DOGE) has grown 137.5% over the last 365 days.However, the token’s performance over the last three months…

Last updated: May 27, 2024 10:41 EDT | 3 min read After a 100% plunge in the price of $NORMIE following a smart contract exploit, the Normie memecoin team mulls negotiating with the accused hacker to recover 90% of the stolen funds, causing a $41.7 million drop in the market cap in under three hours.The hacker offered to return 90% of the stolen Ether, so a new token will be launched to refund holders. The NORMIE team reportedly accepted the offer of ‘no reprisals’ and holder reimbursement.NORMIE Hit by Flash Loan Attack, Team Negotiates Return of Stolen FundsOn May 26,…

Last updated: May 27, 2024 09:45 EDT | 3 min read The PEPE price has jumped by 5% in the past 24 hours, with the meme token pushing to $0.00001668 as the crypto market as a whole barely moves today.This price means that PEPE has broken its ATH yet again, having touched $0.00001717 a few hours ago.And given that it remains up by 80% in a week, 141% in a month and 1,000% in a year, it certainly has the short-, medium- and long-term momentum to continue pushing forwards.It may hit a new ATH in the next few days even,…

As the deadline for President Biden’s decision on the SEC’s cryptocurrency regulations approaches, Bitcoin’s market response remains cautious. Currently trading at $68,400, the cryptocurrency has experienced a slight decline of 0.50%.This movement could indicate a bearish trend in Bitcoin price predictions, suggesting that investors are weighing the potential impacts of regulatory changes on the digital asset’s value. Biden’s Decision on SEC’s Crypto Rules Nears as Veto Deadline Approaches President Joe Biden is approaching a crucial deadline to decide on a resolution that could overturn the U.S. Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin 121 (SAB 121). The resolution, which…

Monday, May 27, 2024 – The countdown has begun for the presale of GODLEN, a unique Solana utility-based token. With the presale ending in just one day, the buzz is building for what promises to be an epic launch and a generous airdrop event, being compared to the digital gold rush no one has ever seen before.Much to the excitement of meme hunters, the king of the meme coin pond GODLEN raised 1000 SOL in 24 hours, indicating strong interest from the investors’ side. This extraordinary success underscores the high anticipation and excitement surrounding this groundbreaking token for the upcoming…

Last updated: May 27, 2024 05:46 EDT | 2 min read Scammers have targeted popular crypto influencers on X (Twitter) with the acronym GCR, on late Sunday. His compromised X account carried a post predicting the price of the ORDI token, causing brief price surges.The hacker apparently posted promotional content on ORDI and Luna 2.0 tokens, resulting in momentary price increases.GCR later confirmed the hack, asking followers to ignore any promotional posts. hackedignore everything coming from my channels — GCR (@GiganticRebirth) May 26, 2024Interestingly, he believes that someone was “bribed” at X.com to provide his log-in credentials, causing a security…