Crypto Dragon (CRYDRAG) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Crypto Dragon (CRYDRAG), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Crypto Dragon presents a similar opportunity.
Crypto Dragon has a market cap below $8,000 at the moment, meaning that when it just reaches a modest market cap of $400,000-$800,000, early investors would generate returns of 5,000%-10,000% in a matter of days or hours.
The exciting memecoin is poised to rally 19,000% in the coming two days, and Crypto Dragon could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Crypto Dragon can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Crypto Dragon on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Crypto Dragon by entering its contract address – 8sc45M11ahpU2wMNTgwGhUGVrAQYALkLMq1Tk59oVWQp – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like CRYDRAG.
Martin Shkreli, famously known as “Pharma Bro,” claims that Donald Trump’s 18-year-old son, Barron Trump, launched the TrumpCoin (DJT) token with his father’s approval and holds the private keys to its smart contract address.
Shkreli, who served over six years in prison for securities fraud, alleges Barron approached him in April to launch the Solana-based token, now valued at $146 million according to Birdseye data.
Barron Trump and his representatives have not commented on the matter.
In an X Spaces hosted by Mario Nawfal, Shkreli stated he merely provided advice about the token launch and did not actively participate in its deployment.
He claimed Barron was the true creator of DJT, with cryptocurrency influencer “Ansem” also involved.
“I taught someone how to make a contract, and they pushed the button, not me.
‘Keys are with Trump, not me,” Shkreli said in an X post.
He suggested around 10 people were involved in the token launch.
”I did not act alone.”
Shkreli also claimed Trump was in contact with crypto exchange Kraken about potentially listing DJT.
Cointelegraph reached out to Kraken but did not receive an immediate response.
Shkreli asserted that Donald Trump was aware of and approved the DJT token. “I have receipts of Barron saying his dad approved it.”
To support his claims, Shkreli introduced “Mongolian Prince” in the X Spaces—a teenager with less than 500 X followers who allegedly worked with Shkreli.
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Mongolian Prince confirmed Barron made the token and holds the private keys.
When asked by an audience member who deployed the contract, Mongolian Prince answered, “Barron.”
“[Barron] wanted to do something special, something significant, and we all wanted to help him with that.”
Mongolian Prince claimed he recently met with Trump in Florida.
However, his account of Donald Trump’s involvement was less clear.
He recounted that Barron showed his Solana-based Phantom wallet to his father before the DJT token launch, who supposedly responded with laughter.
The seven-hour X Spaces followed blockchain sleuth ZachXBT winning a $150,000 award from Arkham Intelligence for identifying Shkreli as the creator of the DJT token.
Adam Cochran, a partner at venture capital firm Cinneamhain Ventures, accused Shkreli of “trying to throw Barron under the bus” to clear his name.
Audience opinions on Shkreli’s version of events were mixed. Some believed him, while others doubted Trump would risk creating controversy during an election year.
Roger Stone, a close aide to Trump, denied any involvement of the former President or his son with the DJT memecoin.
Shkreli, convicted in 2017 on securities fraud and conspiracy charges, served nearly seven years in prison and paid over $70 million in fines.
Some have suggested his recent involvement might violate his parole conditions, which Shkreli denies.
“Read the law idiot,” Shkreli responded to the 1.6 million follower X account “BORED,” which claimed he would return to prison.
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Bitcoin short sellers are likely hoping the asset won’t return to $70,000 soon, as significant liquidations could occur if it does.
According to CoinGlass data, a massive $1.67 billion in short positions will be liquidated if Bitcoin reaches $70,000 — a level it hasn’t touched since June 8.
“There is an insane amount of Bitcoin short liquidations piling up at the topside,” noted pseudonymous crypto trader Ash Crypto on June 17 in an X post.
CoinMarketCap indicates that a 7.46% increase from its current price of $65,136 would push Bitcoin to $70,000.
“Markets are incredibly bullish right now. Bitcoin and ETH Liquidations are stacked. Bounce imminent,” Discover Crypto CEO Joshua Jake stated on June 18.
Bitcoin open interest (OI), representing the total value of all outstanding or unsettled Bitcoin futures contracts across exchanges, has decreased by 10.99% since its peak on June 7, currently standing at $33.55 billion.
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However, Bitcoin OI is still 82% higher compared to January 1.
While a drop in open interest can signal a weakening trend, an increase suggests growing market interest.
Earlier in June, leading up to June 7, Bitcoin’s OI surged by over $2 billion in just three days, prompting traders to anticipate a potential “whipsaw” effect on its price.
Willy Woo, a crypto analyst and creator of the onchain data resource Woobull, believes a significant liquidation event could set the stage for Bitcoin to achieve new all-time highs.
“We need a solid amount of liquidations still before we get the all clear for further bullish activity,” Woo wrote on June 19.
“I know it sucks, but BTC is not going to break all time highs until more pain and boredom plays out,” he added.
Woo isn’t the only analyst describing Bitcoin’s recent price action as “boring” following the Bitcoin halving on April 20.
“Basically, it’s The Boring Zone before The Banana Zone,” Global Macro Investor head of research Julien Bittel commented on June 19.
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India’s Financial Intelligence Unit (FIU) has fined crypto exchange Binance 188.2 million rupees ($2.25 million) for violating the country’s Anti-Money Laundering (AML) rules while providing services to Indian clients.
On June 19, the agency announced that the penalty resulted from multiple violations of the Prevention of Money Laundering Act (PMLA), 2002.
Binance, as a Virtual Digital Asset Service Provider, is classified as a reporting entity under Section 2 (as) (vi) of the PMLA. This classification mandates that Binance maintain and report transaction records and implement robust AML measures.
However, the FIU’s investigation found that Binance failed to comply with these requirements when serving Indian clients.
Indian authorities issued show-cause notices to Binance and other offshore cryptocurrency exchanges, banning them from India for “operating illegally” in January 2024.
In May, Binance, along with KuCoin, was the first offshore crypto-related entity to be approved by the Financial Intelligence Unit.
This approval was conditional on paying a penalty after a hearing with the FIU.
The FIU’s announcement stated that the charges against Binance were confirmed after reviewing the director’s written and oral submissions.
READ MORE: Ether Surges Above $3,500 as SEC Ends Ethereum 2.0 Investigation
The fine on Binance covers multiple violations, including failing to maintain and report transaction records, not providing required information to authorities, and not preserving records as mandated.
In May, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) imposed a $4.4 million administrative penalty on Binance for failing to register and report large digital asset transactions.
According to FINTRAC, Binance failed to register as a foreign money services business and report digital currency transactions exceeding $10,000.
Binance has appealed against FINTRAC’s director over allegations of noncompliance with AML and Countering the Financing of Terrorism regulations.
In February, Nigerian authorities detained two Binance executives following allegations of tax evasion and money laundering at the company.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Daddy Musk (DADMUSK), a new Solana memecoin that was launched today, is poised to explode over 14,000% in price in the coming days.
Currently, Daddy Musk can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Daddy Musk could become the next viral memecoin.
In fact, many early Shiba Inu and Dogecoin investors have been pouring funds into this new Solana memecoin.
Daddy Musk launched with over $3,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Daddy Musk on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Daddy Musk by entering its contract address – 2cknwYhfTymzjMjuWAWPfk92C9C6znpZPEraFN192gnY – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DADMUSK.
Stealth Pepe could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Stealth Pepe (STEPEPE), a new Solana memecoin that was launched today, is poised to explode over 16,000% in price in the coming days.
This is because STEPEPE has announced its first centralized exchange listing, which will be on KuCoin.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Stealth Pepe can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Stealth Pepe could become the next viral memecoin.
Stealth Pepe launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Stealth Pepe on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Stealth Pepe by entering its contract address – GrAeqL5a7oQsEZfXQChQWDWxUP4XLZdHZhqT483FN3tS – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like STEPEPE.
Ether has surged back above $3,500 following Consensys’ announcement that the U.S. Securities and Exchange Commission (SEC) is ending its investigation into whether ETH is a security.
Prior to the announcement, ETH was trading at $3,493. The news, shared on June 19, indicated the SEC will close its probe, which crypto commentators have deemed significant for the industry.
“The Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,” Consensys stated.
Following this, Ether rose by approximately 1.4% to $3,541 within 20 minutes, surpassing the critical $3,500 level. As of the time of writing, it is trading at $3,531, according to CoinMarketCap data.
The $3,500 mark is a significant level for traders, as Ether has consistently hovered around it over the past month, serving as a key support level.
The announcement from Consensys has bolstered investor confidence, alleviating concerns about potential securities law violations for ETH transactions if the SEC had decided to take action.
“This means that the SEC will not bring charges alleging that sales of ETH are securities transactions,” Consensys elaborated, leading to widespread celebration among crypto commentators.
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“Huge win for Ethereum,” noted Tom Shaughnessy, founding partner of Delphi Ventures.
“A major unlock for the Ethereum ecosystem as we enter a new regulatory regime for crypto,” added Christopher Perkins, president of CoinFund.
In response to the announcement, Ether whales demonstrated confidence, with blockchain analysis firm Lookonchain reporting a whale purchasing 5,603 ETH, valued at around $19.6 million.
This development follows the SEC’s recent approval of spot Ether exchange-traded funds (ETFs) in the United States, a move that has further fueled optimism in the market.
There is growing confidence that the final stage before trading, which involves the approval of the applicant’s Form S-1 registration statements, is progressing smoothly.
SEC Chair Gary Gensler has indicated that the commission expects to approve these filings “sometime over the course of this summer.”
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Billionaire investor and cryptocurrency advocate Mark Cuban recently discussed the potential impact of Gary Gensler’s actions as head of the United States Securities and Exchange Commission (SEC) on President Joe Biden’s re-election campaign.
Speaking at Coinbase’s State of Crypto Summit, Cuban expressed concern that Gensler could “literally cost Joe Biden the election,” according to Fox Business reporter Eleanor Terrett.
Cuban has previously suggested that Gensler and the SEC could jeopardize Biden’s chances of securing a second term. He has been vocal about the need for regulatory clarity.
In May, as reported by Cointelegraph, Cuban called for the U.S. Commodity Futures Trading Commission (CFTC) to assume cryptocurrency regulation responsibilities.
At that time, Cuban emphasized that crypto voters “will be heard this election,” referring to the 2024 U.S. presidential election.
He warned, “If Joe Biden loses, there is a good chance you will be able to thank Gary Gensler and the New York SEC.”
Biden has reportedly started discussions with cryptocurrency industry insiders about potentially accepting crypto donations for his campaign.
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However, this move might come too late for the president, as his tenure has largely been marked by a negative stance toward the industry.
It remains unclear how Biden plans to address cryptocurrency issues during the rest of the campaign. The topic may emerge during the upcoming presidential debates.
On the other hand, former U.S. President Donald Trump’s stance on cryptocurrency starkly contrasts with Biden’s. Trump has recently shown strong support for the technology.
According to a recent Cointelegraph report, Trump has vowed to “end Joe Biden’s war on crypto” and to “ensure that the future of crypto and the future of Bitcoin will be made in America.”
Trump has previously posted on his Truth Social media network, pledging to protect the cryptocurrency industry from government interference.
He criticized Biden, stating, “Crooked Joe Biden, on the other hand, the worst president in the history of our country, wants it to die a slow and painful death.”
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Despite months of sideways BTC price action, Bitcoin remains “largely profitable,” according to new research.
In the latest edition of its weekly newsletter, “The Week On-Chain,” published on June 18, analytics firm Glassnode dispelled myths about investors’ unrealized losses.
Bitcoin may be trading within a narrow corridor, but the majority of hodlers are not seeing their returns on investment evaporate.
Glassnode summarized current BTC price behavior as “establishing equilibrium,” highlighting multiple on-chain metrics that show Bitcoin is in a period of consolidation rather than capitulation.
“Sideways price movement tends to manifest as investor boredom and apathy, which appears to be the dominant response across all Bitcoin markets,” the report stated.
“BTC prices are consolidating within a well-established trade range.
“Investors remain in a generally favorable position, with over 87% of the circulating supply held in profit, with a cost basis below the spot price.”
Using the market value to realized value (MVRV) metric, researchers showed that, on aggregate, a given amount of BTC is still up by more than two times, or 120%, versus its purchase price in United States dollar terms. The one-year average value of MVRV is currently 86%.
“The MVRV Ratio remains above its yearly baseline, suggesting that the macro uptrend remains intact,” the accompanying commentary added.
The newsletter’s mood contrasts with some of the more panicked reactions to this week’s BTC price drop.
As Cointelegraph continues to report, traders are wary of support trendlines disintegrating and multimonth lows reappearing as a result.
READ MORE: Trump-Linked Memecoins Plummet Over 30% Amid Rumors of Official DJT Token Launch
One key level now on the radar is the aggregate purchase price for Bitcoin’s speculative investor base, known as short-term holders (STHs).
According to the latest data from statistics resource LookIntoBitcoin, the STH cost basis is $64,000.
Despite seeing unrealized gains fading, STH entities are not preparing for a mass sell-off at current prices.
Glassnode notes, “At present, Short-Term Holders are sending around +17.4k BTC/day to exchanges,” which is significantly lower than the peak of +55k BTC/day recorded when the market hit the $73k ATH in March, where speculation levels were excessive.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Spongebob Crypto could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Spongebob Crypto (SPONGCRY), a new Solana memecoin that was launched this week, is poised to explode over 12,000% in price in the coming days.
This is because SPONGCRY has announced its first centralized exchange listing, which will be on KuCoin.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Spongebob Crypto can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Spongebob Crypto could become the next viral memecoin.
Spongebob Crypto launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Spongebob Crypto on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Spongebob Crypto by entering its contract address – DwX46Leu1RgP5bCG1FSa9BY7cvqmwmaFerKNy4zoUMvG – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like SPONGCRY.