P2E Gamefi

Top Crypto News: Caitlyn Jenner Joins Crypto World of Memes as Bitcoin and Ethereum Remain Stagnant

At Cryptochronicle.xyz, we conduct the research so you can access the alpha in the crypto world! Receive exclusive reports and key insights on airdrops, NFTs, and more by subscribing to Alpha Reports today!

Illustration by Mitchell Preffer for Decrypt.

This week saw Bitcoin experiencing a dull period while the rest of the industry remained in a frenzy. Bitcoin’s price climbed over $70,000 on Monday but has now dropped to $67,635, marking a 2% decrease over the past seven days. The decline can be attributed to the news of the defunct Bitcoin exchange Mt. Gox transferring over $9 billion worth of BTC to an unknown wallet, sparking speculation about creditor repayments.

Former Mt. Gox CEO, Mark Karpel├Ęs, has reassured the public that there are no imminent Bitcoin sales happening. Meanwhile, Ethereum, the second-largest cryptocurrency by market cap, has maintained its price at $3,798 despite the recent approval of exchange-traded funds (ETFs). Analysts suggest a potential bull run for Ethereum in the near future.

In the world of memes and alternative cryptocurrencies, there has been non-stop action. Promoter Sahil Arora collaborated with celebrity Caitlyn Jenner to launch a meme token on the Solana network, creating a stir on crypto Twitter. Olympic gold medalist Jenner disclosed her fallout with Sahil, claiming he owes her a substantial amount of money. The token, JENNER, faced a significant loss since its launch. However, this celebrity-related event boosted the prices of other established meme tokens, such as Dogwifhat and FLOKI, which surged by 15% and 14%, respectively. Notable news includes former FTX executive Ryan Salame receiving a 90-month prison sentence and crypto exchange Gemini announcing a payout of over $2 billion in digital assets to Earn lending program customers.

Among the standout performers of the week, Telegram-based game Notcoin’s NOT token saw a remarkable 148% surge to $0.01354. The project gained traction through “earnings missions” that allow players to earn crypto rewards passively via the messaging app. The token is now valued at $0.01285. Finally, the guilty verdict for former President Donald Trump shook the market towards the end of the week, benefiting meme coins dedicated to Trump despite a significant plunge.

Edited by Ryan Ozawa.

Don’t miss out on the top news stories, original features, podcasts, videos, and more! Subscribe to our Daily Debrief Newsletter for a daily dose of crypto updates.

Leave a Reply

Your email address will not be published. Required fields are marked *

Our Company

Get Latest Updates!

    Get all the latest updates on the crypto scene, including access to exclusive airdrops.

    cryptochronicle.xyz @2024. All Rights Reserved.