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This week has been a volatile week for the cryptocurrency market, with most tokens going almost nowhere. Bitcoin (CRYPTO:BTC) is up 5.6% in the past 24 hours as of 4pm ET, but only 0.9% in the past seven days. Ethereum (CRYPTO: ETH) is up 3.9% over the past day, but only 1.2% over the past seven days. And meme coin Dogecoin (CRYPTO: DOGE) is up 6.3% today, up just 0.7% from last week.The main reason for the fluctuations is the inflation data released on Thursday. Consumer prices rose 2.4% over the past year, while core inflation, which excludes items such…

The United States Department of Agriculture (USDA) has recognized CattleProof’s “Verified” as the first blockchain-based process verified program. CattleProof, which operates in Wyoming, uses a distributed digital ledger to track and document information about individual cows. The technology uses electronic identification tags to collect data from each animal, combines that data with details about the animal’s condition, location, and other characteristics, and stores it all on a tamper-proof blockchain. CattleProof is the first U.S. company to be approved by the USDA as a process validation program for integrating cattle into blockchain, according to a company post. When companies like CattleProof…

It finally happened. Former President Donald Trump’s decentralized finance project will launch a token sale next week. World Liberty Financial announced in a Friday post on Twitter (aka Sales will be open to those who qualify through a whitelist. Prospective customers have been able to request whitelisting since September. For now, World Liberty Financial is open only to accredited investors in the U.S., meaning investors with an individual or partner who have a net worth of at least $1 million (excluding the value of their primary residence), according to the SEC. . 🦅🇺🇸Big news! @WorldLibertyFi General sale begins October 15th…

Tesla stock plummeted about 8.8% by the close of trading Friday, a day after Elon Musk and his dancing robot failed to garner attention with the electric car company’s robotaxi announcement. Tesla stock opened 6% lower on Friday than the previous day’s closing price and continued to fall throughout the day. Musk announced on Thursday that in two years anyone will be able to buy a Tesla robotaxi for $30,000, and current Tesla cars will be able to drive themselves without a person inside. Tesla shares plunged about 6% in premarket Friday after Elon Musk and his dancing robot failed…

Midland, Cayman Islands, October 11, 2024, Chainwire Suirum ($SUIR), a new meme coin on the SUI blockchain, has officially begun its pre-sale, marking its entry into the growing meme coin ecosystem on SUI. This pre-sale gives early supporters the opportunity to participate in Suiram’s development and join the rapidly growing SUI Meme Coin community. The SUI blockchain, known for its high transaction speeds and low fees, provides a platform for meme coins to gain momentum. Projects like $BLUB and $SUIMAN have already gained traction, highlighting the community-driven nature of these tokens. Suilm aims to bring new utility to this field…

On Friday, the U.S. stock bull market marked its second anniversary as the S&P 500 rose to an all-time high. Although crypto market enthusiasm has been turbulent in recent months, this window also sheds light on how much Bitcoin has gained during that period.As highlighted in the financial newsletter Opening Bell Daily, since the stock bear market subsided two years ago, the S&P 500 index has risen more than 60% to about 5,800 points. However, over the same period, the price of Bitcoin increased by about 220%, from about $20,000 to its current price of over $63,000.The tech-heavy Nasdaq Composite…

Ripple co-founder Chris Larsen donated $1 million in XRP to Future Forward PAC, a political action committee supporting Vice President Kamala Harris’ presidential campaign. According to Future Forward PAC, Larsen donated that $1 million on Aug. 14 in a “non-contribution account.” This is the first cryptocurrency donation Kamala has received since starting her campaign. The committee accepted donations through Coinbase Commerce and automatically converted them into stablecoins to maintain stability during market fluctuations. Larsen’s donation is part of Ripple’s goal to support pro-crypto candidates in the ongoing elections. The company has donated millions of dollars to various political causes over…

Bitcoin could be affected by stablecoin market cap decline as RSI hints at possible reversal despite BTC price falling on chart Bitcoin (BTC) has recently recorded significant price fluctuations, causing various reactions in the cryptocurrency market. Given this volatility, stablecoins are worth paying attention to. This asset class plays an important role in crypto trading, providing liquidity and exposure to the market. However, the recent $780 million drop in stablecoin market capitalization could be a sign of declining purchasing power. This decline could lead to a decline in demand for cryptocurrencies, leading to price stagnation or further decline. Source: Ali/X…

Uniswap’s native token, UNI, defied a stagnant crypto market to soar over 12% on Thursday after the decentralized exchange (DEX) project announced a new Ethereum (ETH) Layer 2 project. According to Uniswap Labs, the new project, called Unichain, aims to promote decentralized finance (DeFi) and liquidity across the chain. “Unichain is designed to leverage Ethereum’s scaling roadmap to accelerate and move execution to L2. In practice, this means that Unichain will reduce transaction costs in the short term compared to Ethereum L1. That means up to 95% less, and even more in the long run. Unichain will soon introduce a…

Lunex Network is poised to replicate Ethereum-based Shiba Inu’s incredible price surge, with analysts predicting it could rise up to 10x in price by its launch. Since its launch in August 2020, Shiba Inu (SHIB) has maintained its leading position as the largest meme coin on the Ethereum (ETH) network. With a market capitalization of $10.42 billion and an all-time record price increase of over 1.3 million percent, Shiba Inu currently ranks among the top meme coins after Dogecoin, which has a market cap of approximately $16 billion. Given its impressive portfolio, Shiba Inu has become a reference point for…