Solana, or $SOL, has become a popular digital asset due to its high usability and functional global appeal. It reached an all-time high of $260 per token on November 6th, 2021, but it collapsed to $8.14 after the liquidation of the FTX exchange and Alameda Research. Although the token has shown a recovering trajectory and
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Bitcoin attempted to make a recovery as it sought to hit $27,000 towards the end of the week. Despite the market being volatile, data from Cointelegraph Markets Pro and TradingView showed that BTC/USD had spiked to $27,200 on Bitstamp, reflecting gains of approximately 7.5% versus local lows from the week’s final Wall Street trading session.
After a period of high congestion, bitcoin miners have finally reduced the backlog of transactions. According to Bitcoin.com News, unconfirmed transactions have dropped from over 500,000 on May 7 to just above 300,000 on May 11. This indicates the beginning of the congestion-clearing process. Reduced Fees Statistics from mempool.io show that onchain fees on the
At the Sohn Investment Conference held in San Francisco in 2023, seasoned hedge fund manager Stanley Druckenmiller raised concerns about the U.S. economy. While others may be optimistic about a “soft landing,” Druckenmiller predicts a “hard landing” instead. He cited the recent banking industry turmoil and the sharp drop in consumer spending as key factors
The 42nd ASEAN Summit was held in Labuan Bajo, Indonesia, on May 10-11, with the leaders of the Association of Southeast Asian Nations (ASEAN) in attendance. The summit was chaired by H.E. Joko Widodo, president of Indonesia, and the members of ASEAN include Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. The
Around a year ago on May 8, 2022, Tether’s market capitalization reached its all-time high of $83.279 billion. During this period, Terra’s stablecoin, Terrausd (UST), became unpegged from its $1 parity. This event resulted in a decline in Tether’s market valuation. Tether’s market cap hit a low of $65.36 billion on November 24, 2022, leading
A statement from China’s Ministry of Foreign Affairs has confirmed that State Councilor and Foreign Minister Qin Gang held talks with French Minister for Europe and Foreign Affairs Catherine Colonna during a visit to Paris last week. The two officials discussed the recent state visit by French President Emmanuel Macron to China, which both sides
China, one of the biggest economies in the world, has recently reported its lowest inflation numbers in over two years. According to data from the National Bureau of Statistics (NBS), the Consumer Price Index (CPI) increased by 0.1% year-over-year, which is a significant drop from the 0.7% registered in March. The decline in prices was
Pepecoin’s market valuation decreased by 65% on May 12, a week after achieving a record high of $1.54 billion. Profit-taking accounts for the primary reason behind this extreme price correction, as the cryptocurrency rallied from negligible to as high as $0.00000372 after its launch on April 14. Pepecoin emerged as the fastest-growing ERC-20 token in
Mooky is a new meme coin that aims to make a difference not only for its investors but also for the environment. Its presale offers its supporters the chance to invest in a greener future while enjoying unique features like Ventures Club, 3D NFTs, and upcoming mini-games. With its distinctive focus on environmental protection and