Author: Benjamin Lee

A popular crypto strategist believes that memecoins will have their day under the sun after getting crushed over the last few months. Pseudonymous trader Altcoin Sherpa tells his 244,300 followers on the social media platform X that he expects meme tokens to eventually take center stage, highlighting that the crypto sector relies on trader attention. But while the analyst believes that memecoins will make a comeback, he says those that have been around longer than others will likely lead the surge. One asset on his radar is the Solana (SOL)-based token Bonk (BONK). “Most memes got smashed overall but I…

The chief executive of the world’s largest stablecoin issuer is reportedly looking to receive an audit from one of the biggest accounting firms in the world. According to a new report by Reuters, Tether CEO Paolo Ardoino says the company is in talks with one of the Big Four accounting firms – KPMG, Deloitte, EY and PwC – to receive an audit of its reserves, though no specific group was named. Tether says it holds dollar-denominated reserves for each USDT token it creates and an audit would help improve the transparency of said reserves, which are currently subject to quarterly…

An Ethereum (ETH)-based altcoin is skyrocketing after gaining support from South Korea’s second-largest crypto exchange. In a new announcement, crypto trading platform Bithumb says that it is now supporting the interoperable cross-chain bridge Across Protocol (ACX), triggering rallies for the digital asset. News of the event caused ACX to surge, as it went from a March 21st low of $0.275 to a peak of $0.462 just a few hours later, a rise of nearly 68%. It has since retraced and is trading for $0.319 at time of writing, a 10% gain during the last 24 hours. In its whitepaper, Across…

Binance is planning on launching trading support for the new native asset of a decentralized network focused on secure data storage. Binance Launchpool, which lets users stake coins to farm new assets, says its 65th project will be Nillion (NIL), a secure computation network that decentralizes trust for high-value and private data. Explains the project, “Nillion is Humanity’s First Blind Computer – a whole new category of decentralized network designed for AI and the future of the Internet. Nillion makes new applications possible by providing storage and computation on high-value, encrypted data without ever seeing it. Whether a user, an…

Venture capital firms have invested more than $400 million into the layer-1 asset Toncoin (TON), according to the team behind the project. The Open Network Foundation, also known as the TON Foundation, notes that investors include Sequoia Capital, Ribbit, Benchmark, Kingsway, Vy Capital, Draper Associates, Libertus Capital, CoinFund, Hypersphere, SkyBridge and Karatage. TON was initially developed by the encrypted messaging platform Telegram and known as Telegram Open Network, but Telegram parted ways with the project in 2020 following a legal battle with the U.S. Securities and Exchange Commission (SEC). The Open Network, an open-source community of developers, took over management…

The new native token of an artificial intelligence (AI) bot project surged by more than 23% after Coinbase added the asset to its listing roadmap. Freysa AI’s native asset, FAI, is trading at $0.0226 at time of writing, up from around $0.0183 a day ago. The 298th-ranked crypto asset by market cap launched in late November. Freysa AI aims to be “the first truly sovereign AI agent.” The project’s AI agent has overseen a series of games designed to test human interaction with powerful artificial intelligence systems. For example, in November, entrants used prompts to “trick” the Freysa AI into…

The top US-based crypto exchange platform Coinbase is announcing the addition of three new Ethereum (ETH)-based altcoins to its listing roadmap, premeditating rallies. In a new thread on the social media platform X, Coinbase says its listing decentralized roll-up protocol AltLayer (ALT), decentralized finance network Pendle (PENDLE), and gamified learning platform Layer3 (L3) to its listing roadmap. The crypto exchange’s listing roadmap is used to increase transparency and prevent the front-running of new tokens. Being added to it means Coinbase is considering adding support for the asset soon. News of the additions sprung the trio of assets to life as…

A widely followed crypto analyst says that modular blockchain Celestia (TIA) looks primed to rip while updating his outlook on Bitcoin (BTC). In a new thread, crypto trader Michaël van de Poppe tells his 782,100 followers on the social media platform X that the layer-1 network’s real run begins after it breaks above the $4.35 price tag. “TIA still acting nicely here. I think that we’ll see the actual run of this one above $4.35.” Source: Michaël van de Poppe/X Celestia, which launched in October 2023, is trading for $3.32 at time of writing, a fractional decrease during the last…

US President Donald Trump is optimistic that dollar-backed stablecoins will help maintain the US dollar as the leading currency in the world. In a pre-recorded video for the participants of the Blockworks Digital Asset Summit in New York, Trump said he encourages the creation of a legal framework for stablecoins, cryptocurrencies pegged to the value of a stable asset such as the US dollar. “I have called on Congress to pass landmark legislation creating simple, common sense rules for stablecoins and market structure. With the right legal framework, institutions large and small will be liberated to invest, innovate and take part…

Cryptocurrency trader and analyst Ali Martinez is leaning bearish on the memecoin FLOKI (FLOKI). Martinez tells his 133,600 followers on the social media platform X that FLOKI has formed a flag pattern on the three-hour time frame. According to the crypto analyst, FLOKI could fall by around 37% from the current level once it breaks down. In technical analysis, a flag pattern is either bullish or bearish depending on whether the flag part of the pattern forms after an uptrend or a downtrend. If it forms after an uptrend, the flag pattern is bullish while if it forms after a…