Author: Isabella Taylor
AI-focused decentralized apps saw a 26% month-over-month rise in active wallets in April, outpacing DeFi’s 18% growth and gaming’s 7%, data from DappRadar shows. Artificial intelligence-themed decentralized applications saw a major boost in April, growing their user base by 26% from March to reach 3.8 million unique active wallets, making them the fastest-growing dApp category of the month, according to DappRadar’s latest report. Industry dominance by UAW | Source: DappRadar In the report, DappRadar’s blockchain analyst Sara Gherghelas revealed that the Social category followed closely, with an 18% increase to 3.6 million dUAW, suggesting that users continue to seek decentralized…
Digital asset investment products experienced its fourth consecutive week of inflows after seeing $882 million in gains last week, bringing its YTD inflows to $6.7 billion according to CoinShares. In the previous week, digital asset investment products recorded $882 million in global inflows last week. This injection of capital gains marks the fourth week of inflows into the digital asset market and brings the total year-to-date inflows to $6.7 billion. BlackRock’s iShares ETF’s contributed the largest share of inflows last week with $1.02 billion. However, this large amount was offset by outflows from Grayscale, Bitwise, CoinShares XBT as well as…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto bulls eye 480% gains as memecoin XYZVerse heats up ahead of exchange debut. Analysts are predicting significant growth for certain cryptocurrencies this month, sparking excitement among investors. One prominent digital asset is expected to climb by 15%, another is forecasted to rise by 4%, while a new entrant aims for an astonishing 480% rally. These bold predictions raise questions about the factors fueling such optimism and their implications for the crypto market. XYZ memecoin poised for major exchange…
The Dow Jones Industrial Average surged more than 1,100 points on Monday. The S&P 500 also jumped 3.25%, the Nasdaq Composite surged nearly 4.34%, and the Russell 2000 rose 3.56%. Tech and retail stocks, many of which arebeen heavily exposed to China, led the rally. Tesla gained 7%, Apple rose 6%, and Amazon jumped 8%. Dell and Best Buy also posted strong gains. Following high-stakes negotiations over the weekend in Geneva, U.S. tariffs on Chinese goods were lowered to 30% from recent highs of 145%, while Beijing cut its retaliatory tariffs on U.S. imports to 10%. Treasury Secretary Scott Bessent…
American Bitcoin, a company with ties to the Trump family, is merging with Gryphon to form a Bitcoin mining conglomerate. Trump-affiliated American Bitcoin is expanding its mining operations. On Monday, May 12, Gryphon Digital Mining announced a definitive stock-for-stock merger agreement with American Bitcoin Corp, a subsidiary of Hut 8. Although Gryphon is technically the acquiring party, shareholders of American Bitcoin will own 98% of the new company’s shares. Gryphon shareholders will hold just 2% following the merger. The combined company will operate under the American Bitcoin brand. The leadership team from American Bitcoin will head the new company, including…
David Bailey’s Bitcoin-native holding company, Nakamoto, has pulled off a dramatic entrance into the public markets, raising $710 million and announcing a merger with healthcare firm KindlyMD to form one of the most ambitious Bitcoin treasuries to date. The move positions the new entity as a publicly traded Bitcoin (BTC) conglomerate aimed at pushing BTC into the heart of global capital markets, according to a press release on the matter. The deal includes a $510 million private placement and $200 million in convertible notes, marking the largest PIPE ever in a public crypto-related transaction. Shares of KindlyMD surged more than…
Donald Trump’s meme coin is once again making headlines as the top 220 holders await news on whether they’ve secured an invitation to dine with the former president. Launched just days before Trump’s January inauguration, the Solana-based token initially surged to $75 before falling to around $12.32. But the promise of exclusive perks, including a gala dinner and private VIP reception on May 22 at Trump’s country club, has renewed attention — and controversy. According to the Trump-affiliated website GetTrumpMemes.com, winners are selected based on “time-weighted” holdings between April 23 and May 12. The top 220 wallets represent $160 million…
Bonk price has rallied by triple digits after bottoming out at $0.000008870 in April, mirroring the performance of other popular Solana meme coins. Bonk (BONK) Bonk price has rallied by triple digits after bottoming out at $0.000008870 in April, mirroring the performance of other popular Solana meme coins. This rally is part of a broader rebound among Solana meme coins, with the collective market cap of these assets rising from $6 billion in April to $15 billion today. Bonk has also rallied as investors have embraced fear of missing out. SolScan data shows that the number of BONK holders is…
The U.S. SEC is actively working on new rules for crypto securities, Chair Paul Atkins revealed. The Securities and Exchange Commission is opening doors for crypto securities. On Monday, May 12, SEC Chair Paul Atkins, at the agency’s Crypto Task Force roundtable, revealed that the agency is developing new rules on crypto. These rules will specifically apply to crypto assets that qualify as securities. Current regulations, Atkins stated, don’t fit the new industry. The goal of a new regulatory framework, Atkins added, will be to develop rules to rationally govern this asset class. At the same time, the new rules…
Bitcoin gave back all of its gains after soaring past the $105,000 mark early Monday morning amid encouraging trade deal developments. Gains across risk assets have accelerated in the past few days, with Bitcoin (BTC) surging after it crossed above $100k last week. Alongside stocks, Bitcoin surged to a multi-month high of $105,000. Like equities, BTC’s price jumped following progress in U.S.-China trade talks over the weekend. A White House announcement regarding a 90-day agreement to slash reciprocal tariffs added further tailwinds. But while the spike has fresh interest in Bitcoin on the upward, the benchmark cryptocurrency has revisited lows…