Memecoin Survival Rates Plummet.
Recent data indicates that memecoins are failing at unprecedented rates, with less than 1% surviving in the current market. This trend underscores the high-risk nature of investing in such tokens and highlights the importance of thorough research before engagement.
Bitcoin $BTC Panic Selling Costs New Investors $100M in Six Weeks.
Research reveals that new Bitcoin investors have incurred losses totaling $100 million over the past six weeks due to panic selling. This behavior reflects the volatility of the cryptocurrency market and the challenges faced by inexperienced traders.
Hong Kong’s Blockchain Sector Grows by 250% Since 2022.
Hong Kong’s fintech sector has seen a 250% growth in blockchain technology adoption since 2022. This surge is attributed to a proactive Web3 licensing regime and the integration of artificial intelligence, positioning Hong Kong as a significant player in the global blockchain landscape.
US Representative to Introduce Bill Codifying Trump’s Bitcoin Reserve.
U.S. Representative Byron Donalds plans to introduce legislation to codify former President Trump’s Bitcoin reserve into law. This move aims to solidify the reserve as a permanent fixture, protecting it from potential reversal by future administrations.
FTX Liquidated $1.5B in 3AC Assets Before Hedge Fund’s Collapse.
Reports indicate that FTX liquidated $1.5 billion in assets from Three Arrows Capital (3AC) two weeks before the hedge fund’s collapse. Despite this liquidation, 3AC was unable to cover creditor claims, leading to its downfall in 2022.
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