Binance listed 2 memecoins FLOKI and PEPE
Binance listed two memecoins FLOKI and PEPE in the Innovation Zone and users can trade FLOKI/USDT, FLOKI/TUSD, PEPE/USDT, and PEPE/TUSD spot trading pairs from 16:00 (UTC) on May 5, 2023.
Ethereum’s gas fee hits 12-month high amid memecoin resurgence
The median price of ETH gas, measured in gwei and averaged over seven days, has surged to 87, a level not seen in the past 12 months – since May 2022. The average transaction fee now hovers around $50, a significant increase from just a few months ago when it was less than $10.
PEPE Whale transferred over $15 Million worth of tokens
A major Pepe whale has made a sizable move, transferring an astonishing 4.23 trillion Pepe tokens, equivalent to roughly $15.6 million, to Binance. The move came right on the heels of Pepe’s listing on the world’s largest crypto exchange on the same day. The whale’s substantial transfer has triggered a wave of speculation about a possible price crash in the near future.
PEPE short sellers lost millions of dollars
PEPE has created a craze in the market during the past week. The memecoin surged to an almost $1 billion market capitalization just weeks after its birth. The tokens have run from strength to strength in the past week even as skeptics warned of an impending collapse, gaining some 600% in the past two weeks as per CoinGecko data.
WallStreetBets mod dumped memecoin worth $635K in alleged rug pull
A moderator of the popular trading subreddit r/WallStreetBets has dumped a large portion of the WSB Coin (WSB), a token project that claims to be the official memecoin of Wall Street Bets. The token price has almost lost all of its value.
Curve Finance has deployed the smart contract for its stablecoin crvUSD on Ethereum
Last Wednesday afternoon, Curve Finance deployed its highly anticipated native stablecoin called crvUSD on the Ethereum mainnet.
Many US banks collapsed and faced difficulties in recent days
Last week continued to be a difficult week for the US banking industry as 3 banks with a capitalization of tens to hundreds of billions of dollars were on the verge of collapse. They are First Republic Bank, PacWest BanCorp and Western Alliance.
Hundreds of crypto projects have not been updated this year
According to a study by blockchain marketing firm Guerilla Buzz, by 2023, up to 35.8% of the 1,000 largest crypto projects in the world have not uploaded a single post on their website. The report showed that, of these 1,000 crypto projects, less than half (49.7%) has published more than 2 posts so far in 2023.
CTO of Coinbase closed Bitcoin bet With $1.5M in donations
Balaji Srinivasan, the former CTO of Coinbase, bet $1 million on Bitcoin hitting $100,000. As the days ticked down towards the end of the year, it became clear that Srinivasan was going to be a big loser. He has donated $1.5 million ($500,000 more than required) to three different entities as settlement.
DeFi Protocol DEUS Suffered Loss Of $6 Million In Stablecoin Hack
The DeFi protocol DEUS has suffered a loss of over $6 million due to a hack on its stablecoin DEI. The hack targeted both the BNB Smart Chain (BSC) and Arbitrum deployments, resulting in losses of $1.3 million and over $5 million, respectively.