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Blockchain tracker Lookonchain says one savvy crypto trader is enjoying a chill 38,399x return on a new memecoin. According to Lookonchain, one anonymous trader is enjoying humongous gains from a Just a Chill Guy (CHILLGUY), a Solana (SOL)-built memecoin based on a viral cartoon. “Turned $160 into $6.14M, ??a 38,399x return! 12 days ago, this trader spent only 0.75 SOL($160) to buy 12.5M CHILLGUY on http://Pump.fun, and then sold 2.8M CHILLGUY for 149 $SOL($35.4K). CHILLGUY The trader still holds 9.62M CHILLGUY($6.1M), with a total profit of $6.14M!” Source: Lookonchain/X Source: Lookonchain/X CHILLGUY has been one of the most viral memecoins of the last month. Last week, the illustrator behind the viral “Chill Guy” meme warned CHILLGUY holders that he plans to take legal action against the Solana (SOL)-based memecoin over copyright issues. Chill Guy creator Phillip Banks took to the social media platform X to threaten legal action against unauth...

BRICS Sherpa Sergey Ryabkov confirmed to reporters that the bloc will not scrap the formation of a new payment system. Speaking to reporters at the Sherpa meeting, the diplomat doubled down saying that there’s no turning back on launching the new BRICS payment system. The goal of the new system is to sideline the US dollar and settle cross-border transactions in a basket of local currencies. Also Read: BRICS Determined to Trade In Local Currencies, Not US Dollar For the uninitiated, BRICS is working on the formation of an independent payment system that will not incorporate the US dollar into its mechanism. The mechanism will include local currencies of the bloc and keep the US dollar away from all transactions. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. “The glass is always half-full; it is never half-empty,” said Ryabkov when answering about the independent payment system within BRICS. Also Read: Secret Metal...

A widely followed crypto analyst thinks one Solana (SOL) challenger is gearing up for more rounds of upside bursts. Pseudonymous analyst Altcoin Sherpa tells his 232,200 followers on the social media platform X that Sei (SEI) looks bullish after breaking out of a rounding bottom pattern on the weekly chart. A rounding bottom formation is a bullish reversal structure suggesting that an asset is ready to witness a new uptrend. Says Altcoin Sherpa, “Fundamentals-wise, I think there needs to be a bit more built on there for people to gamble on but all in all, it looks really good for higher. Grabbing a bag a bit lower if it comes. Something like $0.60 would be a decent entry in my opinion.”  Source: Altcoin Sherpa/X At time of writing, SEI is worth $0.66. Another altcoin on the trader’s radar is the smart contract platform Fantom (FTM). According to the crypto strategist, FTM looks solid for long-term investors given its strong fundamentals. He a...

Cryptocurrency exchange Bitstamp announced it is officially listing both PEPE and Solana (SOL) in the United States. Indeed, the platform took to X (formerly Twitter) to announce it is listing both the third largest non-stablecoin and meme coin by market cap, respectively. The move is a reversal for SOL, as Bitstamp announced it was ending trading for the crypto in August of 2023. The exchange noted that Solana and six other cryptocurrencies would be “permanently” suspended following a US Securities and Exchange Commission (SEC) qualification that they were unregistered securities. JUST IN: Bitstamp officially lists $PEPE, and Solana $SOL in the US. — Watcher.Guru (@WatcherGuru) November 29, 2024 Also Read: Coinbase Officially Lists Memecoin PEPE Solana Returns, PEPE Debuts on Bitsamp in the US It has certainly been an important year for cryptocurrencies. Although two crypto-based ETFs were approved in the United States, the country took a massive shift as Donald Trump...

New data from crypto security firm ImmuneFi reveals that hackers and fraudsters stole tens of millions of dollars with the blockchain of Binance being their top target. In a new thread on the social media platform X, ImmuneFi says that the crypto markets have seen an overall decrease in fraudulent activity compared to a year ago, suggesting that crypto is getting safer overall. “Is crypto getting safer? The ecosystem has lost $1.48 billion to hackers and rug pullers YTD (year-to-date) – a 15% decrease compared to $1.7 billion during the same period last year. The decrease is also noticeable on a month-over-month basis.” According to ImmuneFi, even though November saw over $71 million stolen by hackers and rug pullers, the number pales in comparison to the amount stolen last year. “In November 2024, we saw total losses of $71 million, the second-lowest monthly loss this year. Looking at the same period last year, over $343 million was lost....

Dogecoin is currently garnering enough attention as the current bull market is fully supporting its price upswing. The token’s market cap has managed to flip that of Porsche, adding a new milestone for DOGE to boast about. Dogecoin will also be available to users in the form of an ETP, adding more excitement when it comes to Dogecoin’s future price. Also Read: Jim Cramer Predicts The Fate Of Dell (DELL) Tech: Is It Worth A Buy? Dogecoin: New Developments Poised To Help The Token Soar Source – Bitcoinist Valour, a leading crypto fund issuer, has launched a one-of-a-kind Doge ETP. The ETP is all set to trade on Sweden’s Spotlight Stock Market, helping investors to explore Dogecoin in a systematic way. Valour further shared how Dogecoin is an effective solution for digital payments, known for elements such as its fast speed and low fees. “Dogecoin (DOGE) SEK is an exchange-traded product (ETP) that tracks the price of DOGE, the native cryptocurrency of the Dogecoin network. Known for...

With most of Wall Street skyrocketing after the 2024 presidential election results, Alphabet (GOOGL) emerges as one of the surprising benefits of Donald Trump’s reelection win. Indeed, throughout Wednesday’s trading, the company saw its stock increase nearly 4% following the election results. Increased stock prices were not an uncommon occurrence, with a plethora of companies benefiting from the Trump victory. Chief among them was Tesla (TSLA), which started the day up 15%. Yet, Google represents an interesting case, as it is among the few tech stocks to get a bump from the election news. Also Read: US Stock Market: How it Responded to Donald Trump’s 2024 Election Win Alphabet Surges After Trump Victory as Magnificent 7 Get a Bump 2024 has always been viewed as a massively important election for the United States. Ultimately, it had a historic outcome, with Donald Trump overtaking Vice President Kamala Harris by a substantial margin. Now, Trump becomes the 15th president to ...

The BRICS alliance is looking to send the US dollar packing and usher into a new financial era where local currencies reign supreme. The White House pressing sanctions on emerging economies is what led the alliance to gang up against the USD. Securing their native economies is the first and foremost important choice and they are right to do so. Also Read: BRICS: 3 Countries to Launch CBDC Currency, End US Dollar Reliance However, can BRICS manage to make the US dollar reductant and run all trade and transactions in local currencies? Is their idea foolish or is it grounded in reality? In this article, we will highlight whether a world without the US dollar can survive. BRICS: Ending Reliance on the US Dollar, a Myth or Reality? Source: Freepik.com A world without the US dollar is nothing but a myth pushed by the BRICS alliance on developing countries. The BRICS bloc, despite talking about de-dollarization is not open to accepting local currencies of their own member nations. Also Read: ...

Economist Alex Krüger thinks Bitcoin (BTC), memecoins and other altcoins are primed to surge for the next few months. Krüger outlines his prediction for the crypto market to his 190,500 followers on the social media platform X. “Stage 1. Bitcoin runs. Stage 2. Memecoins join. Stage 3. Altcoins join. First large flush [at around] $110,000-$120,000? Stage 4. Mania continues. Until Christmas / Inauguration. Stage 5. Moar. Not as manic. Until end of Feb / March. Stage 6. Correction and Pain. Stage 7. Moar. Even less manic. Something like this would make sense.” Krüger notes that the crypto bull run could take a break in March due to the fact that tax day in the US is on April 15th. “The above closely mirrors what happened in 2021 and 2024, so front-running March profit-taking in February would make sense as well. Crypto market participants have painful memories deeply ingrained. And we move in hordes. There often is a self-fulfilled prophe...

WisdomTree has introduced a new XRP ETP on the SIX Swiss Exchange. This launch gives crypto investors a regulated way to invest in digital assets. The product trades under XRPW:SW. It helps reduce market volatility through professional custody services. Both small and large investors can now access XRP through a secure platform. Also Read: Ripple: 3 Reasons Why XRP Could Surge To $5 How XRP ETP Impacts Crypto Investors, Market Volatility, and Security Risks Source: Watcher Guru WisdomTree’s Strategic Entry into the XRP Market The Physical XRP ETP from WisdomTree costs less than any similar European product. The company now offers this service in 15 European nations. https://twitter.com/amonbuy/status/1860729189852151970/ Major markets include Germany, France, and Switzerland. This XRP ETP launch shows how digital assets are joining traditional finance. It combines standard investment methods with new blockchain systems. Enhanced Security and Regulatory Compliance The ETP backs eac...

A crypto strategist is warning that two large-cap altcoins may witness deep corrective moves after massive rallies this month. Crypto trader Credible tells his 473,800 followers on the social media platform X that payments-focused altcoin XRP looks primed for a pullback after completing a five-wave rally on the four-hour chart. Credible practices Elliott Wave theory, which states that an asset may correct or consolidate after concluding a five-wave upside burst. During a five-wave rally, a bullish asset surges in waves one, three and five with waves two and four serving as corrective periods. According to the trader, XRP needs to hold a crucial support level to maintain its bullish momentum. “And that, ladies and gents, is a crystal clear five-wave impulsive move, subwaves and all on XRP. This: 1. confirms our absolute bottom was in at $0.49. 2. means if we move below $1.05 (origin of the 5th subwave), then it means we are seeing a larger wave two correc...

The cryptocurrency market witnessed several assets reaching new peaks over the past month. Several predictions became real as Bitcoin (BTC) lingers to $100,000. Amidst this, Solana (SOL), another popular cryptocurrency, made headlines. The altcoin managed to record a new high this month. But how soon can the asset hit a new peak? Also Read: Romania Uses Blockchain for Presidential Votes: A New Era in Elections Solana’s Ascent To Its All-Time High Source Solana has been a promising asset over the past year. During this period, the altcoin surged by a staggering 336%. Last week, SOL surged to a high of $263.83, marking a new peak. At press time, the asset was trading at $255.62 following no major surges or dips over the past 24 hours. It should be noted that SOL is currently 3% below its all-time high. Due to Gensler’s dismissal, the likelihood of a spot Solana ETF being approved in the next months has increased. This will allow institutional capital to pour into the Solana ma...

In a massive development for the country, Taiwan’s Financial Supervisory Commission (FSC) has allowed professional investors to gain access to foreign Bitcoin and other crypto ETFs. Indeed, the commission announced the change Monday, allowing select investors to participate with “foreign virtu asset” exchange-traded funds. The crypto-based ETF market has surged in the United States this year. After receiving the first Bitcoin ETF approval in January, Ethereum quickly followed suit just a month earlier. Now, Taiwan has looked to expand “product choices,” for the country’s investors through its recent decision. Image Source: Pexels Also Read: SEC Approves BNY Custody of Crypto Beyond ETFs Taiwan FSC to Allow Crypto ETF Access in Notable Shift 2024 has been massive for Bitcoin, and its recently approved ETFs. Just last week, the ETFs of the leading crypto drew more than $1 billion in net inflows. That has proven to be its highest since July, and a notabl...

The Shiba Inu (SHIB) has been known for its massive price surges. The meme coin, despite being fairly new to the market has managed to capture the attention of the entire globe. The asset’s uptick throughout the past month is proof of SHIB’s growth rate. Therefore, a possible 200% surge throughout November wouldn’t be surprising. Also Read: Warren Buffett’s $3 Billion Sell-Off: Time to Reevaluate Your Stock Portfolio? Shiba Inu Back In Action Shiba Inu maintained a low profile after its recent surge. But after its break, the meme coin was back in action. Over the past 24 hours, SHIB rose by over 4%. At press time, the meme coin was trading at $0.0000248. Source Amidst this price surge, the 24-hour volume of SHIB rose to a high of $1.46 billion. This came after a 28% spike. With all these notable bullish signs, the overall market sentiment seemed to be positive. According to data from CoinMarketCap, the Shiba Inu community seemed to be heavily optimistic about a potenti...