Amidst a recent crackdown on self-custodial cryptocurrency wallet providers by U.S. regulatory agencies targeting major players like Consensys and Samourai Wallet, Acinq’s Phoenix Wallet and zkSNACKs’ Wasabi Wallet have made the decision to discontinue services for customers based in the United States.
Expressing concerns over the legitimacy of self-custodial wallet providers as money service businesses in the wake of regulatory actions, both Acinq and zkSNACKs have taken steps to restrict access for U.S. users.
“In light of recent announcements by U.S. authorities, zkSNACKs is now strictly prohibiting U.S. users from using its services,” stated zkSNACKs in an April 27 release.
Similarly, Acinq highlighted uncertainties regarding the regulatory landscape in an April 26 post, explaining, “Recent announcements from US authorities cast a doubt on whether self-custodial wallet providers, Lightning service providers, or even Lightning nodes could be considered Money Services Businesses and be regulated as such.”
Acinq has set a deadline of May 2 for Phoenix Wallet users to adapt to the impending changes, while Wasabi Wallet’s new policy was immediately put into effect.
READ MORE: Franklin Templeton Launches Spot Ether ETF on DTCC Platform Amid SEC Review
Advising Phoenix Wallet users to empty their wallets without force-closing them to avoid significant on-chain fees, Acinq provided guidance for the transition period.
Regulators worldwide have voiced concerns that self-custody crypto wallets might facilitate illicit activities like money laundering.
This sentiment was underscored by recent actions taken against Consensys and Samourai Wallet.
Consensys received a Wells notice from the SEC, signaling potential enforcement actions related to its MetaMask products, while the co-founders of Samourai Wallet face charges of money laundering and operating an unlicensed money transmitting business brought by the U.S. Justice Department.
In contrast, European regulators have taken a more relaxed stance on potential regulations concerning self-custody wallets.
Scrapping a proposed 1,000 euro limit on crypto payments from self-hosted wallets, European Parliament’s lead committees emphasized the importance of due diligence measures by crypto exchanges for transactions exceeding this threshold.
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Shiba Inu (SHIB) and Dogecoin (DOGE) are two dog-themed memecoins that went viral and delivered massive gains to early investors.
Solana memecoins have been attracting huge investment from retail crypto investors in recent weeks, as early investors hope to generate similar returns to early Shiba Inu (SHIB) and Dogecoin (DOGE) buyers.
However, with hundreds of new memecoins being launched every day – and most of them being almost immediately rugpulled – it can be difficult to decide which coins to invest in.
In this article, we list four newly launched Solana memecoins that could potentially deliver astronomical returns to early investors, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Skinny Doge (SKINDOGE)
Market Cap: $14,000
Contract Address: 913qkdtENF3qvSBZjtoNxETZi93xHgRDuHNGvdzkECF4
Crazy Wolf (CRAWOLF)
Market Cap: $16,000
Contract Address: 4cra6VGCDowfFz3HDz5ctXtCSAhQQ5FEscKMLGzB56ML
Flying Penguin (FLYPEN)
Market Cap: $15,000
Contract Address: 37Tfn3F5E84KvitHHQVK37KzZZ3qAPCdxjGgBJd8XoVs
Joey Bonk (JOEBONK)
Market Cap: $19,000
Contract Address: AiqeRZVZgPkDVVXNTYqz7xGA7bgwuTgE1ShqCkC7C7Em
Kitty With Hat (KITHAT)
Market Cap: $9,600
Contract Address: 3Wdkgv1iTBQQ9MnvA4TkAefe2SLdtSKfHwZbhKcEMZk8
How to Buy Solana Memecoins
Solana memecoins, like the coins listed above, usually cannot be purchased on centralized exchanges, such as Binance and Coinbase.
Instead, they are purchased via decentralized Solana exchanges, like Raydium or Jupiter.
This is done by connecting your Solflare, Phantom or MetaMask wallet to the exchange, and swapping Solana for the token by entering its contract address in the receiving field.
Bitcoin surged past $64,000 before the weekly close on April 28, while altcoins aimed for a rebound. Data from Cointelegraph Markets Pro and TradingView showed increased momentum in Bitcoin’s price over the weekend.
After hitting a weekly low of $62,400, BTC/USD reversed its course and maintained levels around $63,500 at the time of reporting.
Altcoins also saw positive performance during off-hours trading, with the total altcoin market cap rising by approximately 1% for the day.
Popular trader Skew, commenting on recent market trends, noted the bounce in altcoins but expressed caution regarding their tendency to peak early in the week.
Skew anticipated sell-side pressure on Bitcoin around its range highs, which could hinder further bullish advances.
Trader and commentator Moustache expressed optimism about an upcoming “altseason,” suggesting it could rival the market’s performance during the 2017 all-time highs.
READ MORE: Bitcoin Holds Firm Above $63,000 Despite Regulatory Scrutiny and Economic Turbulence
He pointed to the monthly dominance chart of the stablecoin Tether, indicating a potential “backtest” after breaking below a rising trendline earlier in the year.
Market participants awaited the introduction of “TradFi” trading, such as Bitcoin futures, for additional insights into the crypto market’s trajectory.
Fellow trader Daan Crypto Trades shared positive sentiments about weekend price action, anticipating limited movement in Bitcoin until after the reopening of CME.
Despite consolidating below previous all-time highs, Bitcoin’s monthly chart drew optimism from trader Alan Tardigrade.
Tardigrade highlighted Bitcoin’s position above the Triangle Top on the monthly chart as a bullish indicator, emphasizing the necessity of consolidation for a sustained bull run in the future.
He compared Bitcoin’s current situation to the pre-breakout period of the Nasdaq Composite Index in 2013, suggesting potential for significant growth ahead.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Google Cloud has recently unveiled a Web3 portal tailored for blockchain developers, offering an array of resources ranging from datasets to tutorials on crafting nonfungible tokens (NFT).
Despite this move, the response from the cryptocurrency sphere has been a blend of enthusiasm and skepticism.
Unchained’s vice president of product marketing, Phil Geiger, expressed concern over the absence of native Bitcoin and lightning support, deeming it a crucial oversight.
In a post on X dated April 25, Geiger remarked, “No native Bitcoin and lightning support? Seems like an oversight to ignore the most important cryptocurrency.”
Similarly, a pseudonymous crypto trader, MartyParty, conveyed disappointment to his 80,700 X followers on April 26, asserting, “Not impressed Google is way behind.”
Contrastingly, some embraced the launch with optimism.
Ivaibi Festo, founder of Mitroplus labs, hailed the Web3 portal as a “comprehensive resource” in a post on X dated April 25.
The portal offers developers access to various products and provides testnet tokens for deploying and testing decentralized applications on Ethereum testnets Sepolia and Holesky.
Additionally, it hosts a learning program featuring tutorials on NFT development, Web3 loyalty program implementation, and securing digital assets through multi-party computation.
READ MORE: Bitcoin Holds Firm Above $63,000 Despite Regulatory Scrutiny and Economic Turbulence
This initiative follows Google’s recent strides in the Web3 realm.
Notably, Google enhanced its capabilities to enable users to search wallet balances across multiple blockchains, including Bitcoin, Arbitrum, Avalanche, Optimism, Polygon, and Fantom.
Moreover, Google revised its advertising policies at the outset of 2024, permitting certain crypto products to be promoted on major search engines, encompassing Bitcoin exchange-traded funds.
Preceding the portal’s launch this year, Google focused on forging partnerships to fortify its position in the Web3 landscape.
In October 2023, Google Cloud’s BigQuery data warehouse integrated with MultiversX, facilitating valuable insights for Web3 projects and users through advanced data analytics and AI tools.
In September 2023, Google’s BigQuery expanded its data warehouse to include 11 blockchain networks, encompassing Avalanche, Arbitrum, Cronos, Ethereum’s Görli testnet, Fantom, Near, Optimism, Polkadot, Polygon’s mainnet, Polygon’s Mumbai testnet, and Tron.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Crazy Wolf (CRAWOLF) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Crazy Wolf (CRAWOLF), 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 Crazy Wolf presents a similar opportunity.
The exciting memecoin is poised to rally 7,300% in the coming two days, and Crazy Wolf could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Crazy Wolf 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 Crazy Wolf on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Crazy Wolf by entering its contract address – 4cra6VGCDowfFz3HDz5ctXtCSAhQQ5FEscKMLGzB56ML – 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 CRAWOLF.
Early investors in memecoins like Shiba Inu (SHIB) and Dogecoin (DOGE) made astronomical returns, and Kitty With Hat (KITHAT) presents a similar opportunity for a limited time.
Kitty With Hat (KITHAT), a newly launched Solana memecoin, is poised to explode over 14,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.
KITHAT will be listed on MEXC, one of the largest centralized exchanges in the world, within a few days – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Kitty With Hat.
Currently, Kitty With Hat 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 KITHAT on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Homo Pepe by entering its contract address – 3Wdkgv1iTBQQ9MnvA4TkAefe2SLdtSKfHwZbhKcEMZk8 – in the receiving field.
KITHAT currently has a market cap of just under $10,000, with over $4,000 in locked liquidity, meaning it has huge upside potential.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) 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.
John Deaton, a crypto lawyer currently vying for a Senate seat against Elizabeth Warren, has filed a brief supporting Coinbase in its appeal against the United States Securities and Exchange Commission (SEC).
In a filing dated April 26 in U.S. District Court for the Southern District of New York, John Deaton lodged an amicus brief backing a motion for interlocutory appeal on behalf of 4,701 Coinbase customers.
The document, filed pro bono, aims to advocate for the interests of these customers rather than the exchange itself.
Deaton cited past SEC enforcement actions as evidence that the regulator “does not speak on behalf of digital asset users and investors and intends to offer no regulatory guidance beyond citing the Howey case.”
He referenced the SEC’s civil cases against Debt Box, suggesting the SEC prioritized harming a crypto company over truth and justice, leading to a judge sanctioning the commission in that instance.
While an April 26 X post directly linked Deaton’s actions to his Senate campaign, he initially positioned himself as a legal representative for Coinbase customers in June 2023, predating his campaign announcement, following the SEC’s lawsuit.
An April 19 filing indicated the success of his latest motion to file an amicus brief.
Deaton emphasized the importance of representing end users of the technology, asserting that a biased and politically motivated agency shouldn’t speak for them, nor should Coinbase.
READ MORE: Bitcoin Transactions Surge to All-Time High Following Halving: Runes Protocol Leads the Way
According to Coinbase Chief Legal Officer Paul Grewal, the interlocutory appeal questions whether the term “investment contract” necessitates contractual obligations post-sale, a key legal issue in the SEC’s case against the crypto exchange.
The potential impact of Deaton’s legal actions on his Senate campaign remains uncertain, given the upcoming election in less than six months.
Both candidates for the Massachusetts Senate seat hold contrasting views on digital assets, with Senator Warren recently urging authorities to combat the use of crypto in transactions involving child sexual abuse material, as evidenced by an April 25 letter she signed.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Homo Pepe (HOMPEPE) could become a viral memecoin, like Shiba Inu (SHIB) and Bonk (BONK).
Homo Pepe (HOMPEPE), a Solana memecoin that was launched recently, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Bonk (BONK).
Early investors in SHIB and BONK made astronomical returns, and Homo Pepe presents a similar opportunity.
Homo Pepe has market cap below $15,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 5,300% in the coming two days, and Homo Pepe could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Homo 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.
To buy Homo Pepe on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Homo Pepe by entering its contract address – HmnxTLpi2QYp9LCB1p8yFgR3X5xqVmE4eAnWU4xMYGe1 – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Bonk (BONK) 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), Bonk (BONK) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, BONK and WIF investors are instead investing in new Solana memecoins, like HOMPEPE.
In a surprising turn of events, Circle’s USD Coin (USDC) has surpassed Tether’s stablecoin in transaction volume, according to recent data from payments giant Visa.
In April 2024, USDC recorded 166.6 million transactions, outpacing USDT’s 163.6 million monthly transactions.
Since the end of 2023, USDC has steadily gained ground in the stablecoin transaction market.
December of that year marked a milestone when USDC’s 145 million monthly transactions exceeded USDT’s 127 million transactions for the first time.
This development comes as a significant surprise to industry observers, given that Tether has long held the title of the world’s largest stablecoin, boasting a market capitalization exceeding $110 billion and accounting for over 68% of the total stablecoin market share.
Tether’s market dominance makes its stablecoin more than three times larger than Circle’s USDC, currently valued at $33.5 billion.
While USDC has overtaken USDT in transaction volume, Tether maintains a substantial lead in terms of total users.
READ MORE: Whale Transfers Signal Potential Upswing for Bitcoin and Ether as $1.3 Billion Enters Coinbase
In April 2024, USDT was utilized by over 34.2 million unique wallets, whereas USDC only saw 9.57 million unique users.
Overall, there were 27.3 million unique stablecoin users and 21.4 million unique stablecoin sending addresses in the past 30 days.
Visa’s stablecoin analytics dashboard, launched in April, tracks four stablecoins, including USDC, USDT, Paxos dollar (USDP), and PayPal USD.
According to Visa’s data, these stablecoins recorded over $2.3 trillion in total transaction volume across more than 352 million transactions during the same period.
Stablecoins play a crucial role in the cryptocurrency ecosystem, facilitating swift transactions in and out of digital assets.
With a total market capitalization exceeding $161 billion, stablecoins constitute 6.63% of the overall crypto market cap, as reported by CoinGecko.
Visa’s introduction of its stablecoin analytics dashboard aims to provide accessible and comprehensive data on stablecoin transactions across multiple blockchains, cutting through the complexity for industry stakeholders.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Skinny Doge (SKINDOGE) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Skinny Doge (SKINDOGE), a Solana memecoin that was launched this week, 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 Skinny Doge presents a similar opportunity.
Skinny Doge has market cap below $13,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 7,300% in the coming two days, and Skinny Doge could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Skinny Doge 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 Skinny Doge on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Skinny Doge by entering its contract address – 913qkdtENF3qvSBZjtoNxETZi93xHgRDuHNGvdzkECF4 – 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 SKINDOGE.