News Explorer — Memecoin Phenomenon Cools as Dogecoin, PEPE Slip

Generated by AI, curated by humans

Apr 24, 12:24 pm

Decrypt

Memecoin Phenomenon Cools as Dogecoin, PEPE Slip

Meme coins have seen a sharp decline in value over the past week, with the majority of top-ranked meme coins slipping by double digits. The surge in meme coin trading was driven by short-term gains, as traders sought to capitalize on news related to the meme coin and its underlying meme. However, Bitcoin's downturn and the "sell the news" effect on Dogecoin have caused the meme coin phenomenon to fizzle out.

Meme coins have seen a sharp decline in value over the past week, with the majority of top-ranked meme coins slipping by double digits. The surge in meme coin trading was driven by short-term gains, as traders sought to capitalize on news related to the meme coin and its underlying meme. However, Bitcoin's downturn and the "sell the news" effect on Dogecoin have caused the meme coin phenomenon to fizzle out.

Latest

Jul 10, 3:26 pm

Coindesk

Hyundai Implements Avalanche Stablecoin-Based Remittance System

Hyundai, the world's third-largest carmaker, has implemented a stablecoin-based remittance system on the Avalanche block... Read Summary

Jul 10, 2:54 pm

Decrypt

Stablecoin Giant Circle Secures Final Federal Bank Charter Nod

Circle has received final approval from the U.S. Office of the Comptroller of the Currency to establish a national trust... Read Summary

Jul 10, 1:52 pm

Decrypt

Standard Chartered Says Strategy's Bitcoin Sales Are a Short-Term Distraction for BTC Investors

Standard Chartered's note highlights Strategy's shift from hoarding to selling Bitcoin to pay dividends, causing uncerta... Read Summary

Jul 10, 12:29 pm

Coindesk

'Internet Court' Protocol Resolves Disputes Between AI Agents for Seamless Transactions

The "Internet Court," established by a group of crypto and Web3 firms, aims to resolve disputes between AI agents in age... Read Summary

Jul 10, 12:12 pm

Decrypt

Robinhood Chain Sees Rapid Surge in Trading Volume and User Engagement

Robinhood Chain, launched a week ago, has quickly become one of the busiest networks in crypto, processing millions in t... Read Summary

Jul 10, 11:52 am

www.circle.com

Circle Gets OCC Approval for National Trust Bank

Circle Internet Group, Inc. has obtained final approval from the OCC to establish a national trust bank, Circle National... Read Summary

Jul 10, 11:30 am

Decrypt

Jailed Launderer Hit With New Charges Over Moving $290K in Crypto

Rossen Iossifov, already serving time for crypto laundering, faces new charges for moving $290,000 in cryptocurrency fro... Read Summary

Jul 10, 9:08 am

Coindesk

Metaplanet Considers Using Bitcoin as Collateral for Credit Instruments

Metaplanet, the third-largest corporate holder of Bitcoin, plans to explore entering the tokenized credit market by usin... Read Summary

Jul 9, 8:31 pm

Coindesk

Coinbase Chief Legal Officer Paul Grewal to Depart Crypto Giant

Coinbase's Chief Legal Officer Paul Grewal is leaving the company after its legal battle with U.S. regulators. Molly Abr... Read Summary

Jul 9, 7:38 pm

Unchained Crypto

Circle Contests Criminal Case in Wisconsin Over Failure to Return Stolen USDC to Scam Victim

Circle is facing a criminal case in Wisconsin for allegedly failing to return stolen USDC to a scam victim, leading to a... Read Summary

Jul 9, 6:27 pm

Decrypt

Ethereum Foundation Deploys AI Agents to Uncover Vulnerabilities in Network

The Ethereum Foundation is utilizing AI agents to detect vulnerabilities within Ethereum's software, including cryptogra... Read Summary

Jul 9, 4:23 pm

Decrypt

Swift's Blockchain Network Attracts Major Banks With 24/7 Token Transfers

Swift announced that 17 banks worldwide, including major institutions like BNP Paribas and HSBC, will participate in a p... Read Summary

Jul 9, 3:44 pm

Decrypt

Bitcoin Miner MARA Holdings Agrees to Acquire Powered Texas Site, Stock Pops 15%

MARA Holdings is expanding its focus on America's power grid by acquiring land in Texas with significant electrical grid... Read Summary

Jul 9, 3:28 pm

bitcoinmagazine.com

New Hampshire Executive Council Rejects $100 Million Bitcoin-Backed Bond Proposal

The New Hampshire Executive Council rejected a proposal for a $100 million Bitcoin-backed bond, despite being promoted a... Read Summary

Jul 9, 3:26 pm

Decrypt

Labour MPs Propose Permanent Ban on Political Donations in Crypto

Labour MPs are seeking to permanently ban political donations in cryptocurrency, with support for amendments to the Repr... Read Summary