China News by Thebittimes.Com

Floki Inu is one of the most underrated meme tokens in the cryptocurrency world. The fact that the token has defied the tides of time to continue walking ahead has been one of its biggest strengths, and that seems to be paying off as of late. Floki Inu is currently up 11% in the last 24 hours, showcasing its relentless vigor and power. One analyst has gone a mile ahead to portray Floki Inu as one of the best crypto tokens right now, outlining three unique reasons backing his opinion. Also Read: Shiba Inu On Verge Of 180% Upside: Here’s Why You Shouldn’t Ditch SHIB What Makes Floki Unique: Analysts’ Insights? Source – Asia Crypto Floki Inu is currently trending and has noted a significant uptick of 11% in the last 24 hours. The token is currently going strong and has held an authoritative position as one of the top 10 meme coins, leading the cryptocurrency space. Underlining the core causes that make Floki Inu unique, analyst Slumdoge Millionaire took to X to share some strik...

An analyst with a history of timely crypto calls believes that Bitcoin (BTC) will break out and trade in uncharted territory soon. Pseudonymous analyst Pentoshi tells his 869,100 followers on the social media platform X that he thinks Bitcoin will surge to an all-time high (ATH) price in the next few days. “Feel it in my flippers that we see BTC at ATH this week The market, especially ETH and BTC both have a lot of tailwinds so far (barring anything unexpected)… If we break out, I think we see $118,000-$120,000 pretty quick.” Source: Pentoshi/X At time of writing, Bitcoin is trading for $108,047, an over 1% drop in the past day. Pentoshi is also keeping a close eye on the memecoin Floki (FLOKI), which he thinks is positioned to follow in the footsteps of fellow meme token Bonk (BONK). BONK is up about 100% from its June 25th low of $0.0000123. According to Pentoshi, FLOKI’s chart appears to be a carbon copy of BONK’s price actio...

Pepe (PEPE) is witnessing quite a big price surge today. The memecoin has rallied by more than 14% in the last 24 hours. While the rally is welcome, the asset is still glowing red in the other time frames. The frog-themed crypto is down 3.7% in the weekly charts, 19.4% in the 14-day charts, 25.6% over the previous month, and 3.2% since June 2024. Source: CoinGecko Memecoins Surge Amid Market Rally Source: Mudres Pepe is not the other memecoin rallying today. The memecoin market, in general, seems to be moving full steam ahead today. Most major meme crypto projects are trading in the green zone in the daily charts. Some have even registered double-digit percentage gains in the last 24 hours. Dogecoin (DOGE) is up 8%, Shiba Inu (SHIB) is up 9.6%, Bonk (BONK) is up 15.5%, Dogwifhat (WIF) is up 23.5%, and FLOKI (FLOKI) is up 14.4%. Source: CoinGecko PEPE and the larger memecoin market rally follow Bitcoin’s (BTC) surge to $104,000. The original crypto briefly fell to the $98,000 mark ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

A widely followed crypto analyst and trader is leaning bullish on a mid-cap Dogecoin (DOGE) and Shiba Inu (SHIB) competitor. Pseudonymous analyst Altcoin Sherpa tells his 244,900 followers on the social media platform X that Pepe (PEPE) memecoin is primed to go up by around 100% after undergoing consolidation and accumulation in a manner similar to 2024. “PEPE also went through a three-month accumulation/consolidation cycle in the late third quarter of 2024 and then had another run in December. It’s currently in the same exact region in the same consolidation. I expect PEPE to do a 2x or something from the bottom at a minimum.” Source: Altcoin Sherpa/X PEPE is trading at $0.00000884 at time of writing, up by around 23% over the past seven days. On what has replaced the altcoin seasons, the widely followed analyst says, “There are no more altcoin seasons, get that framing out of your head for now. Instead, you have one to three months of ...

A widely followed crypto analyst says that a strong move is coming for one memecoin that could see it rally by up to 75%. In a new thread, the pseudonymous crypto trader Altcoin Sherpa tells his 244,000 followers on the social media platform X that if the artificial intelligence (AI)-based meme asset Fartcoin (FARTCOIN) can break out of its current range, it could find itself near the $0.70 level. “If Fartcoin breaks out of this range, I expect it to have a strong first move, maybe up to the $0.70 area. 30 days of chop and still great mindshare.” Source: Altcoin Sherpa/X Sherpa goes on to note that Fartcoin should hit the $0.55-$0.65 price tag en route to his prediction of $0.70. FARTCOIN is trading for $0.364 at time of writing, a 13.6% gain during the last 24 hours. The analyst concludes by saying that if the crypto industry were to see a marketwide rally that sees Bitcoin (BTC) break above $90,000 once again, Fartcoin would be one of the best tok...

Burwick Law, the firm tied up in a legal dispute with memecoin platform Pump Fun, has told Protos that its lawyers have received violent threats and have been doxxed along with a number of plaintiffs. “We are aware of doxxing incidents and violent threats directed at one of our attorneys and the New York Bar Association, as well as attempts to impersonate and harass our plaintiffs, including doxxing,” it said. “We take these acts of intimidation seriously and will pursue all available legal remedies.” The firm also shared audio from an insider trading group that is attempting to create “a pump and dump scheme similar to Gamestop,” by garnering media attention and online traction . Memecoin traders recorded discussing how to keep interest in the ‘DOGSHIT2’ token. All this, the firm claims, “is conducted in conjunction with the unauthorized and illegal use of our law firm’s intellectual property.” Read more: Law firm behind Pump Fun lawsuit launc...

Blockchain tracking firm Lookonchain says one crypto trader is looking at multi-million dollar profits after trading the official memecoin of Melania Trump, wife of US President Donald Trump. According to Lookonchain, the trader scooped up 5.2 million Melania (MELANIA) at just $0.13 per coin right after the digital asset’s launch on Sunday – the day before Trump’s presidential inauguration. Four days later, the trader had sold off every MELANIA token for a gain of 6,208% on the initial investment of $688,000, racking in a $42.7 million profit. “This guy has sold all MELANIA, making a total profit of $42.7 million (62x)! He spent 2,500 SOL ($688,000) to buy 5.2 million MELANIA at $0.13, and sold all of them at an average price of $8.34 for $43.4 million, making a profit of $42.7 million, a 62x return!” Lookonchain also noticed another trader saw massive gains after being an early investor in MELANIA. “This guy made an incredible $66 ...

The United Kingdom’s Financial Conduct Authority (FCA) has issued a warning that Retardio, a grossly offensive Solana-based memecoin and NFT project, “is not authorised” by the regulator.  Retardio responded by posting a meme that depicts Jeff Bezos in clown makeup.  It appears that the token has no reason to exist except to allow a contingent of Solana-based cryptocurrency traders an asset on which to speculate. Following the announcement from the FCA, the token’s price was buoyed, according to data from DexScreener. The total market capitalization for the project has again breached $100 million . The FCA has been trying to focus more on crypto, asking today for industry feedback on its new discussion paper looking at regulations for the space.  FCA tackles ‘operational backlog’ with 100 crypto staff Read more: TikTok accused of operating as crypto exchange in the UK, report Additionally, the FCA has grown its cryptocurrency-focuse...

Last week, $726 million was withdrawn from digital asset investment products, marking one of the largest outflows in 2023. Expectations of possible interest rate cuts from the US Federal Reserve largely fueled this movement. In contrast, the TON Blockchain has demonstrated stability amid challenging market conditions, continuing to draw users from the Solana (SOL) ecosystem. TON’s intuitive platform and innovative Features appeal to Solana users seeking new opportunities. Meanwhile, tokens within the Base network also rallied. InsideBitcoins curates the most trending cryptocurrencies on Base Chain now. Most Trending Cryptocurrencies on Base Chain Now Polygon on Base ($MATICB) introduces a memecoin that merges elements of two blockchain networks, presenting a novel but speculative take on cryptocurrency. XSwap, a decentralized application (dApp), operates on Chainlink’s Cross-Chain Interoperability Protocol (CCIP).  Meanwhile, Mork Coin brings together meme culture ...

After almost two years, the stolen 13,556 ETH, which was worth nearly $60 million, amounted to almost 26.2 million at the time of writing. Nearly two years after the dog-inspired decentralized finance (DeFi) project — AnubisDAO — was rug-pulled for almost $60 million in Ether (ETH), the stolen funds were siphoned away using Tornado Cash. In October 2021, AnubisDAO raised 13,556 ETH from crypto investors owing to the predated Dogecoin (DOGE) trend. However, roughly 20 hours into the investment, the funds were sent to a different address — resulting in an instant loss for the investors. Between July 15 and 16, the illicit funds were moved via Tornado Cash, a decentralized protocol that allows private transactions. The person in possession of the 13,556 ETH divided and moved the funds via 100 ETH per transaction, as shown in the screenshot below. A snippet of AnubisDAO’s rug pull funds transaction history. Source: etherscan.io The information was brought forward by blockchain investigato...

Besides Ethereum, Bitcoin’s meme frenzy via Ordinals has steeply declined from its high in May. The average transaction fee or gas fee on the Ethereum network has cooled substantially in the first week of June after reaching a multi-month high in May, owing to the meme coin frenzy and many MEV Bot activities.  The average gas fee on Ethereum has come down to $7.34, almost one-third from last month's high of $20. In terms of Gwei, a denomination of Ether (ETH) that represents one-billionth of one ETH, the daily median gas price has decreased to 24 gwei from a peak of almost 140 gwei last month, according to data from Dune Analytics. Average gas fees on Ethereum in past six months. Source: Dune The meme coin frenzy started in late April and took center stage in May leading to multiple new memecoins hitting the markets such as Aped, Bobo and a few others. The dominance of memecoins was so high in network activity that it created an unusual shift in the top 10 gas-burning altcoins....

A bearish chart pattern suggests that PEPE could shave off another 70% in value, especially if the wider market continues to trend down. Pepe (PEPE) price has dropped by more than 70% three weeks after establishing its record high of $0.00000449. And the memecoin could fall even more in the coming days, according to a mix of technical and fundamental indicators. PEPE charts flash a classic bearish reversal pattern From a technical standpoint, the price of PEPE could drop sharply from its current levels. At the core of this bearish outlook lies the classic head-and-shoulders (H&S) pattern. Analysts who use technical analysi view the H&S pattern as a bearish reversal indicator for the unversed. It forms when the price forms three peaks atop a common neckline support; the middle peak, called "head," is higher than the other two, called the "left shoulder" and "right shoulder." Head-and-shoulder breakdown illustrated. Source: Forex Academy The H...