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Friend.Tech’s Native Token Tanks to $2.5 After Debut
Early Friday, Friend.Tech airdropped its native token, FRIEND, while debuting version 2 of the platform.
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Bitcoin price is failing to break these 2 key resistance lines at $60K
Bitcoin bulls have “lots of work to do” as they attempt to claw back lost ground after two-month BTC price lows. Bitcoin (BTC) faces major resistance, which is keeping the BTC price rebound below $60,000.While recovering up to 6.2% from this week’s lows, BTC/USD has not managed to break through key trendlines, data from Cointelegraph…
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The rise of the Chinese AI unicorns doing battle with OpenAI
Artificial intelligence startups aim to fill the gap in China as OpenAI’s ChatGPT became unavailable in the country. Four Chinese startups focusing on generative artificial intelligence (AI) have each surpassed $1 billion in valuation as the race to compete with rivals like OpenAI hots up. The new unicorn companies reportedly include Zhipu AI, Moonshot AI, MiniMax,…
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Bitcoin selling pressure to ease? M2 money supply flips positive
Crypto traders are pointing to the M2 money supply turning positive as a bullish signal for Bitcoin. The recent Bitcoin sell-off could soon slow down as the year-over-year M2 money supply has turned positive for the first time since November 2022 — a signal investors use to start looking for hedges against inflation.Crypto analysis firm…
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EigenLayer to cough up around 28M more EIGEN after airdrop backlash
EigenLayer is handing out an extra 100 to 110 EIGEN to 280,000 qualifying wallet addresses after criticism over its first airdrop. Ethereum restaking protocol EigenLayer is airdropping around 28 million more of its native EIGEN tokens to over 280,000 wallets — just days after its first airdrop announcement. On Monday, EigenLayer announced it would allocate 15%…
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Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes
This week’s 12% Bitcoin retreat was a “well-needed market cleansing,” said the former BitMEX boss. Former BitMEX chief executive Arthur Hayes believes Bitcoin (BTC) has hit a local bottom and will slowly grind back up over the next few months. In a blog post on May 3, Hayes commented on the recent market slump claiming that…
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Memecoins’ mass appeal makes it valuable to DEXs: Kain Warwick
Memes might be the “most simplistic connection” between financialization, tokenization and culture, says Kain Warwick. Memecoin trading can be hugely valuable to decentralized exchanges (DEXs) as it can attract flows from a mass of non-traditional DeFi traders, says Synthetix founder Kain Warwick.“There’s an argument that memecoins are pure speculation, in my view speculation is good.…
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BTC price chart seen mirroring US spot Bitcoin ETF launch pattern
Bitcoin’s price chart looks similar to when spot Bitcoin ETFs were launched in the United States — suggesting a breakout soon, though there are some differences this time around. Bitcoin (BTC) recent decline has some similarities to its behavior post-United States ETF launch in January, with one trader suggesting that this could mean an upswing…
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Former FTX exec Ryan Salame to give up $5.9M Bahamas property
Salame proposes to satisfy the debtors by transferring a residence he owns to FTX Digital Markets Ltd. The former co-chief executive of FTX Digital Markets, Ryan Salame, has agreed to transfer his multimillion-dollar property in the Bahamas as part of his plea agreement in a criminal case.According to a motion from FTX Trading Ltd and…
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US senators, FBI aren’t opposed to crypto privacy: Railgun contributor
Ethereum privacy protocol Railgun contributor Alan Scott Jr. says U.S. regulators and government agencies don’t get enough credit for genuinely “trying to understand” crypto. United States senators and intelligence agencies may not be as opposed to privacy-focused crypto protocols as some believe, according to Railgun researcher and advocate Alan Scott Jr. Speaking to Cointelegraph at ETH…
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