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Nasdaq Falls 12%: Trump’s Return Fuels Inflation and Trade Fears

April 1, 2025, 6:12 pm

Since Donald Trump’s return to the White House, the Nasdaq has dipped 12.44%. The S&P 500 fell 7.23%, and Bitcoin dropped 21%. Increasing inflation and uncertainty about Trump’s trade policies have unnerved investors, sending the Nasdaq into a tailspin.

Nasdaq Experiences a Harsh Plunge: What’s Driving the Drop?

The Nasdaq Composite has experienced the steepest decline among the major indices, declining 12.44% since Trump took office in January. The Nasdaq closed at 12,799.29 on March 31, down from 19,756.78 on January 21 — a day after Trump’s inauguration. Although other major indices such as the S&P 500 and Dow Jones declined, the Nasdaq, which is heavily weighted in tech, has been most susceptible to inflation concerns and Trump’s unpredictable trade policies.

Investors at first received Trump’s return warmly with hopes of a pro-business, low-tax setup. However, increased inflation, supply chain disturbance, and trepidation around a trade war soon took a backseat to such expectations. The tech world, particularly the businesses in semiconductors, e-commerce, and software, has hit its worst with valuations significantly declining. Trump’s trade orientation and tariff scares are also worrisome to investors, increasing pressure on the market further.

Analysts explain that Trump policies might be fueling the aggravation of challenges tech firms had been experiencing through supply chain concerns, increased costs of raw materials, and squeezing labor markets. The mix of increased production prices and political insecurity has driven the downturn.

Cryptocurrency Market Bleeds Due to Volatility

Cryptocurrencies, the shining star of Trump’s business-friendly policy, have also not escaped. Bitcoin hit a record high of $106,000 after Trump’s comeback but has since fallen 21.2% to around $83,400. Ethereum has fallen 43.28%, from $3,269.74 to $1,854.51 during the same timeframe.

The crypto crash is part of a broader pattern of market flux. With rising fear of inflation and uncertain trade policy, investors are withdrawing from volatile assets such as stocks and cryptocurrencies. Instead, they are transferring to secure assets such as government bonds, thereby infusing even more volatility in global markets. Experts point out that together, increasing inflation and trade uncertainty might prolong the decline in the market, making even conventional stocks and digital currencies susceptible.

Trump Media Partners with Crypto.com for ‘Made-in-America’ ETFs

March 25, 2025, 5:56 pm

Trump Media & Technology Group, the company behind former President Donald Trump’s social media platform Truth Social, has announced a partnership with Crypto.com. The collaboration aims to launch a series of exchange-traded funds (ETFs) branded as “Made-in-America.” However, Crypto.com, which will provide digital assets and underlying technology for these products, is headquartered in Singapore. This raises questions about the authenticity of the branding and the company’s previous legal issues with U.S. regulators.

A Controversial Partnership

The deal, revealed on March 24, will see the ETFs made available in the United States, Europe, and Asia, pending regulatory approval. Crypto.com will facilitate the offerings through Foris Capital, a New Hampshire-based platform it acquired last year. Despite the emphasis on American branding, Crypto.com’s foreign origins and past disputes with U.S. regulators highlight contradictions in the initiative.

One of the financial products in the planned offerings features Cronos, a cryptocurrency associated with Crypto.com. This addition was not mentioned in earlier communications about the Truth.Fi brand, under which the ETFs will be launched.

Trump Administration’s Evolving Crypto Policies

The deal comes amid shifting policies on digital assets under the Trump administration. Within his first 100 days in office, the Securities and Exchange Commission (SEC) has paused or dropped major legal actions against cryptocurrency firms such as Coinbase Global and Binance Holdings. Trump Media previously stated its intent to work with the administration to establish clear regulations for the crypto sector.

Reports suggest that Crypto.com’s CEO, Kris Marszalek, has met with President Trump at Mar-a-Lago to discuss political appointments relevant to the industry. This meeting underscores the growing influence of the crypto sector in U.S. policy decisions.

President Donald Trump remains the largest shareholder in Trump Media, with a $2.4 billion stake managed by a trust overseen by his son, Donald Trump Jr. The new partnership with Crypto.com could mark a significant expansion of Trump Media’s financial ventures, despite lingering concerns about the foreign involvement in a so-called “Made-in-America” project.

With regulatory approval still pending, the success of this venture remains uncertain. However, it signals a notable shift in the Trump administration’s stance on cryptocurrency and digital asset regulation.

Market Shock: Bitcoin Dips Under $85K Amid Rising Trade War Fears And US Crypto Reserve Skepticism

March 4, 2025, 8:58 am

Bitcoin, the world’s largest cryptocurrency, saw a dramatic decline of 9.47% on Monday, March 3, dropping to $85,321.69 as investors reacted to rising concerns over an escalating trade war and uncertainty surrounding a proposed US cryptocurrency reserve.

Market Sell-Off and Investor Panic

The sharp drop in Bitcoin’s value occurred as a widespread sell-off sent shockwaves throughout the digital asset market, putting over a trillion dollars of total market valuation at risk. By Tuesday morning (March 4) IST, Bitcoin’s price had further declined to $83,165.06. The sell-off was not limited to Bitcoin—Ether, XRP, Cardano, and Solana also experienced significant declines, with Ether falling more than 15% and XRP, Cardano, and Solana dropping nearly 20%.

The Reserve Riddle

The market turmoil began after a brief surge in digital asset prices when former President Donald Trump proposed the creation of a national strategic cryptocurrency reserve. The plan would involve the government stockpiling digital assets, particularly those seized in legal actions or linked to sanctioned entities. However, skepticism quickly spread among investors who questioned the feasibility of such a reserve gaining congressional approval. “Everyone started buying, then wondered if it was really going to happen,” noted Adam Button, managing director at Forexlive. He emphasized that while Trump had named potential reserve assets including Bitcoin, Ether, XRP, Cardano, and Solana, the idea remains distant from becoming a legislative reality.

Trade War Tensions Exacerbate Market Uncertainty

Further compounding the market’s woes were confirmation of 25% tariffs on all imports from Mexico and Canada by Trump, sparking threats of retaliatory measures from both nations. Analysts believe that these trade tensions, combined with growing concerns over slowing US economic growth, contributed to an overall risk-averse sentiment among investors, accelerating the sell-off across the cryptocurrency market.

Industry Opinions and Future Outlook

In light of the uncertainties, some industry leaders have expressed doubts about the proposed reserve’s structure. Coinbase CEO Brian Armstrong suggested that limiting the reserve to Bitcoin might be the best approach, calling it “the simplest” option, and comparing it to gold in terms of stability. Meanwhile, experts continue to monitor both the trade war developments and legislative hurdles that could impact the future of digital asset regulation in the United States.

Bitcoin Crashes Below Dollar 92,000 as Market Selloff Wipes Out Dollar 100 Billion

February 25, 2025, 12:24 pm

Bitcoin fell below $92,000 on Tuesday, nearing its lowest level since November. The drop wiped out over $100 billion from the crypto market within 24 hours, as investors reacted to rising economic uncertainty and geopolitical tensions.

Market Sentiment Weakens

The selloff in risk assets started last week, driven by concerns over the US economy. TradingView reported that the slide worsened due to President Donald Trump’s tariff threats and the Federal Reserve’s firm stance on interest rates. Additionally, a reported hack on cryptocurrency exchange ByBit further dampened investor confidence.

ByBit Hack Raises Security Concerns

Dubai-based crypto exchange ByBit confirmed that hackers breached its Ethereum cold wallet, an offline system meant for secure storage. The attackers stole large amounts of ether and quickly liquidated the tokens through multiple platforms.

Bitcoin’s Highs and Lows

Bitcoin’s recent decline follows an all-time high of nearly $110,000, which was fueled by Trump’s pro-crypto stance. In January, he pledged to make the US the “crypto capital of the planet,” promising regulatory clarity for digital assets.

MicroStrategy Expands Bitcoin Holdings

MicroStrategy, led by Michael Saylor, added 20,365 Bitcoin worth nearly $2 billion to its treasury. The company now holds 499,096 Bitcoin, valued at approximately $33.1 billion. Saylor, known for his bullish stance, once stated, “Every Bitcoin you don’t buy is gonna cost you $13 million.”

Global Crypto Regulations

Governments worldwide are shaping crypto policies. Malaysia and Thailand are considering regulatory changes, while Japan, South Korea, and Cambodia are slowly expanding adoption. Meanwhile, Hong Kong, Singapore, and Dubai have strengthened their positions as crypto hubs amid skepticism from US regulators under President Joe Biden.

Kolkata Man Arrested for Smuggling LSD Tattoo Stickers via Dark Web

February 22, 2025, 7:01 pm

A 27-year-old Mohammad Shahbaz from Kolkata was arrested for allegedly peddling LSD laced children’s tattoo stickers from the dark web using cryptocurrency. He was nabbed on Wednesday in Sector 43, Gurugram. The police officers recovered 2.7 grams of LSD stamped on stickers resembling children’s tattoos, intended for sale at elite parties.

Unmasked Drug Trade by Shahbaz

Shahbaz, who was living in New Town, Kolkata, was residing in a rented place in Saket, Delhi. He was apprehended with the LSD-laced stickers following a tip-off by men of the Anti-Narcotics Cell under the supervision of a gazetted officer. According to authorities, the stickers resembled ordinary tattoos for children, making them difficult to detect even with drug scanners.

“These drug-laced stickers are nearly indistinguishable from regular children’s tattoos, making their identification extremely challenging,” explained Sub-Inspector Karamjit, the officer who led the operation.

LSD Born from Cryptocurrency

After interrogation, Shahbaz agreed to have procured the high-intensity hallucinogenic drug from an international dark web portal called Bioness. For payment, he used only cryptocurrency in order to prevent detection. It is suspected that he wanted to distribute the drugs in Gurugram amongst affluent partygoers.

Against him, an FIR was filed under Section 22(c) of the Narcotic Drugs and Psychotropic Substances (NDPS) Act. Authorities are also launching a probe to trace his potential connections abroad and find out about other persons of that network. All this happened at the Sushant Lok police station.LSD on the Rise in India

A senior investigating officer revealed, “LSD is gaining immense popularity among the youth of India, particularly in underground rave parties. The substance has become an instant hit in the US, Russia, and Europe but, riding that wave, even India now seems to be catching the trend.”

Crypto Tokens $TRUMP, $Melania Experience Crash After Inauguration

January 21, 2025, 5:19 pm

This period experienced significant volatility as Donald Trump began his term as the 47th President of the United States. The world’s largest crypto currency, Bitcoin, traded at a high of $109,071 on Monday only to drop sharply to $101,705.40, reported by Reuters.

Other digital assets, including the newly launched Trump-branded token, also faced steep declines. The meme coin, named after Trump, plummeted by nearly 50%—falling from a peak of $74.59 to $34.40 within hours.

Did Trump’s Inaugural Speech Affect Crypto?

The downturn followed Trump’s inaugural speech, which focused on trade tariffs, immigration policy changes, energy deregulation, and TikTok’s reprieve. However, the address made no mention of cryptocurrencies, leaving the market disappointed.

In a statement responding to the incident, Matthew Dibb, Chief Investment Officer at Astronaut Capital said: “I think this is a classic sell-the-news event,” Dibb stated. According to him, crypto investors were in expectation of executive actions or policy announcements favoring digital assets.

“The market was so hopeful for developments such as the ‘strategic reserve’ and regulatory easing,” Dibb said. “Instead, the Bitcoin retreated further back and there will be further volatility.”

Regulatory Expectations and Changes Ahead

The new Trump administration had revived hope for a lot of changes in cryptocurrency regulation. Mark Uyeda has been appointed as the acting chair of the U.S. Securities and Exchange Commission (SEC) by Trump, and former SEC Commissioner Paul Atkins is planned to be nominated by him. This may indicate a change in crypto policy.

Atkins is anticipated to put a halt to the crypto crackdown instigated by former President Joe Biden’s SEC chair, Gary Gensler. Uyeda earlier had criticized that the SEC does not provide clear-cut rules for cryptocurrency companies looking forward to registering.

Trump Branded Tokens And Ethics Issues

Personal involvement by Trump in cryptocurrencies raised ethics concerns. Before assuming the office of presidency, Trump introduced the $TRUMP token and $MELANIA token dedicated to First Lady Melania Trump.

According to its website, 80% of the Trump coin’s tokens are owned by CIC Digital, an affiliate of Trump’s business, and another entity called Fight, Fight, Fight. Critics argue that these associations create potential conflicts of interest.

Market Outlook Remains Uncertain

Although Trump’s administration may eventually encourage crypto-friendly policies, the market is preparing for more short-term volatility. Experts predict any regulatory reforms will emerge gradually, and not as one-time sweeping measures when he first starts his tenure in office.

So far, the lack of immediate action or supportive rhetoric on cryptocurrencies has dampened market enthusiasm as investors watch closely for a sign of policy direction in the coming weeks.

Donald Trump’s Net Worth Explodes: How Many Billions Does His Fortune Now Total?

January 20, 2025, 8:25 pm

As Donald Trump prepares to take office for a second term, his financial trajectory has taken a remarkable turn, with his net worth soaring to unprecedented levels. In the days leading up to his inauguration, Trump’s financial fortunes have been significantly bolstered by a series of events, including the launch of a memecoin, $TRUMP, and a surge in his media company’s stock value. Here’s everything you need to know about his net worth as he enters the White House again.

A Surge in Net Worth Thanks to $TRUMP Memecoin

One of the most surprising contributors to Trump’s financial resurgence was the unexpected success of his Solana-based token, $TRUMP. The memecoin saw massive overnight success, catapulting Trump’s net worth by an astonishing 700%. This unexpected financial windfall came at a time when Trump was already on the path to a recovery from previous financial setbacks, further fueling his wealth accumulation.

Trump Media & Technology Group (TMTG) Plays a Major Role

Trump’s financial rebound can also be credited to his media company, Trump Media & Technology Group (TMTG), the parent organization behind his social media platform, Truth Social. According to reports, Trump’s net worth jumped by $865 million in just one day on January 13, following a 20% rally in TMTG stock. The merger of TMTG with Digital World Acquisition Corp. in March 2024 proved to be a pivotal moment, giving Trump a significant boost in his financial portfolio.

The Dramatic Drop and Swift Recovery

Before his latest financial surge, Trump’s net worth had faced significant challenges. After leaving office in 2021, Trump’s net worth was reported to be $2.3 billion, according to Bloomberg. However, the Capitol Riot in January 2021 and the resulting fallout led to business relationships severing, contributing to a sharp decline in his financial standing. In 2024, following multiple high-profile lawsuits, his net worth dropped to $2.5 billion. But with his strategic ventures, especially in the media and cryptocurrency sectors, Trump’s fortunes took a sharp upward turn.

ALSO READ: Crypto Battle: Melania’s $MELANIA Coin Sends $TRUMP To A 40% Drop!

Crypto Holdings Propel Trump Into the Top 25 Richest People

As of now, Trump’s real-time net worth stands at $6.7 billion, according to Forbes. However, his crypto holdings have propelled his fortune to a staggering $63.8 billion. Axios reports that his crypto assets make up a significant 89% of his total wealth, placing him among the world’s 25 richest individuals. The drastic increase in his wealth is being attributed to his successful ventures in cryptocurrency, particularly the $TRUMP memecoin, which has reshaped his financial landscape and placed him firmly back at the top of global wealth rankings.

As Trump heads back to the White House for his second term, his financial comeback serves as a striking example of how his business acumen and engagement in new technologies have positioned him among the wealthiest people in the world.

$TRUMP Meme Coin Joins Robinhood’s Cryptocurrency Offerings

January 20, 2025, 1:13 pm

Donald Trump, the U.S. President-elect, has launched the $TRUMP meme coin, which is now officially available on Robinhood, a leading platform for stock and cryptocurrency trading.

Robinhood Welcomes $TRUMP Coin

Robinhood made the official announcement on the platform X, stating:

“OFFICIAL TRUMP ($TRUMP) is now available to trade on Robinhood.”

OFFICIAL TRUMP ($TRUMP) is now available to trade on Robinhood.

— Robinhood (@RobinhoodApp) January 20, 2025

Trading $TRUMP: Where It’s Available

Investors can now trade $TRUMP on both the Robinhood app and the web platform, with transactions facilitated by market maker routing for smooth trading.

$TRUMP Trading Limitations

However, $TRUMP is not available in New York. This restriction exists due to certain state-level regulations that may require approval for cryptocurrencies to be traded.

How to Purchase $TRUMP

To buy or sell $TRUMP, users need to create a Robinhood Crypto account. This gives them access to $TRUMP as well as other popular cryptocurrencies.

Apart from $TRUMP, Robinhood also offers a variety of other cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, and Litecoin, for users to trade.

Crypto Battle: Melania’s $MELANIA Coin Sends $TRUMP To A 40% Drop!

January 20, 2025, 9:07 am

The cryptocurrency world was shaken early today with the launch of Melania Trump’s meme coin, $MELANIA, just days after her husband’s coin, $TRUMP, experienced a rise to the top ranks. However, Melania’s entrance into the crypto market has caused a dramatic drop in the value of her husband’s coin, marking a turbulent beginning for both.

$TRUMP Takes a Hit as $MELANIA Coin Goes Live

Melania announced the release of her meme coin, $MELANIA, on January 20, 2025, taking to X (formerly Twitter) to share the news with her followers. “The Official Melania Meme is live! You can buy $MELANIA now,” she posted along with a link to the site selling the cryptocurrency.

The launch of $MELANIA quickly gained traction and caused a sudden shift in the meme coin market. According to a report from Forbes, the $TRUMP coin, launched just days earlier on January 17, had briefly hit the top 20 cryptocurrencies by market capitalisation, peaking at a solid $14 million. However, the momentum was short-lived as the unveiling of Melania’s new coin sent $TRUMP’s value plummeting by almost 40% within hours.

The Official Melania Meme is live!

You can buy $MELANIA now. https://t.co/8FXvlMBhVf

FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/t2vYiahRn6

— MELANIA TRUMP (@MELANIATRUMP) January 19, 2025

A Symbolic Cryptocurrency Battle

What started as a symbolic foray into the digital currency world by the Trump family has now sparked a competitive race between the couple. The move also adds to the ongoing fascination with celebrity-led meme coins, as individuals with massive followings look to capitalize on the rising popularity of such tokens.

While the market remains volatile, it’s clear that Melania’s meme coin has captured attention, possibly positioning it to rival her husband’s $TRUMP. The shifting dynamics of this crypto clash have led to further speculation about how both tokens will fare in the days ahead.

“CONGRATULATIONS BITCOINERS…”,Trump Celebrates Bitcoin’s Historic $100K Surge, Credits Election Victory

December 6, 2024, 2:26 pm

US President-elect Donald Trump took to social media on Thursday to celebrate Bitcoin’s historic surge past the $100,000 mark, attributing the cryptocurrency’s success to his election victory. “CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!” Trump posted on Truth Social, following a remarkable 50 percent increase in Bitcoin’s value since his election.

Bitcoin Breaks New Ground

Bitcoin reached a record high of $103,800.45 during Asian trading hours on Thursday before settling around $101,000. After Trump’s remarks, the cryptocurrency began to climb again, reaching $103,320. The digital asset has experienced a staggering 140 percent increase since the beginning of the year, although its growth had recently stalled as traders awaited new catalysts.

The surge in Bitcoin’s value coincided with Trump’s announcement of his nomination of Paul Atkins, a known cryptocurrency supporter, to lead the US Securities and Exchange Commission (SEC). This move has bolstered optimism that the incoming administration will pursue deregulation in the cryptocurrency sector.

Regulatory Changes on the Horizon

Atkins, who served as an SEC commissioner from 2002 to 2008, founded the risk consultancy firm Patomak Global Partners in 2009, which has worked with clients in the banking, trading, and cryptocurrency industries. Trump’s transition team highlighted Atkins’ role as co-chairman of the Digital Chamber of Commerce, an organization that advocates for the use of digital assets.

“Paul is a proven leader for common-sense regulations,” Trump stated, emphasizing Atkins’ commitment to fostering “robust, innovative” capital markets. This nomination marks a significant shift from the previous SEC chair, Gary Gensler, who led a crackdown on the cryptocurrency sector following a market downturn in 2022.

The SEC has recently authorized the trading of new financial products, including exchange-traded funds (ETFs), which have made it easier for the public to invest in cryptocurrencies. “Institutional interest and regulatory shifts are adding legitimacy, turning what once seemed like a fringe asset into a force reshaping finance,” said Matt Britzman, a senior analyst at Hargreaves Lansdown.

Despite previously labeling cryptocurrencies a “scam,” Trump has become a vocal advocate for Bitcoin during his campaign. In September, he announced plans to launch a digital currency platform called World Liberty Financial, alongside his sons and other entrepreneurs.

With Trump at the helm, there are expectations for the establishment of a strategic reserve of bitcoins in the United States, primarily consisting of tokens seized by courts. This initiative could encourage other countries to recognize the legitimacy of virtual currencies.

While Bitcoin’s volatility and speculative nature have drawn criticism, it remains a topic of significant interest. The cryptocurrency was created in 2008 by an individual or group under the pseudonym Satoshi Nakamoto, aiming to provide a decentralized alternative to traditional financial institutions.

Bitcoin’s reputation has been marred by its association with illicit activities, including money laundering and ransomware attacks. Despite its challenges, the cryptocurrency has gained traction, with El Salvador adopting it as legal tender in 2021, although a recent study indicated that 88 percent of Salvadorans have never used it.

As the cryptocurrency landscape evolves, Trump’s administration is poised to play a pivotal role in shaping its future.

Bitcoin Soars Past $94,000: How Trump’s Latest Move Boosted Cryptocurrency

November 20, 2024, 12:23 pm

Bitcoin surged to an all-time high of over $94,000, continuing its dramatic rise in the weeks following Donald Trump’s victory in the November 5 U.S. presidential election.

According to a report by Reuters, the leading cryptocurrency was trading at $92,104 during Asian hours on Wednesday, November 20, after reaching its record peak of $94,078 late in the previous session. This new milestone followed a previous record of over $93,000 set last week, with Bitcoin fluctuating near the $90,000 mark in recent days, as per crypto tracker CoinMarketCap.

Notably, Bitcoin has more than doubled in value this year alone, underscoring its significant growth trajectory.

What’s Driving Bitcoin’s Record High?

Bitcoin’s latest surge was fueled by a report in The Financial Times that revealed Trump Media and Technology Group (DJT), which operates Truth Social, is in discussions to acquire Bakkt, a cryptocurrency trading platform backed by NYSE-owner Intercontinental Exchange.

Trump owns a 53% stake in DJT, and the news of Bakkt’s potential acquisition has raised expectations of a pro-cryptocurrency stance under the incoming Trump administration.

Tony Sycamore, market analyst at IG, told Reuters that Bitcoin’s rise was “supported by the Trump deal talk report as well as traders taking advantage of the first day of options trading on the Nasdaq over BlackRock’s Bitcoin ETF.”

Impact of Trump’s Victory on Cryptocurrencies

Cryptocurrencies have experienced a significant boost since Trump’s electoral win, with investors anticipating favorable policies for digital assets. Traders have been betting on Trump’s promised support for cryptocurrencies, which they believe will lead to a less restrictive regulatory environment and inject fresh momentum into the market.

Since the election, Bitcoin has surged nearly 35%, rising from around $70,000 on the night of the election to its current record-breaking levels. Optimism surrounding Trump’s support and a crypto-friendly Congress has further fueled expectations of a thriving future for the asset class.

Internet Sensation Hippo Moodeng Inspired Memecoin Surges From $800 To $7.5 Million

October 19, 2024, 1:21 pm

Moodeng’s astronomical rise turns an $800 investment into $7.5 million as the crypto community embraces “meme season.”

A little-known cryptocurrency named Moodeng, inspired by a viral pygmy hippopotamus named Moo Deng, has surged in price by nearly a million percent, turning a mere $800 investment into a staggering $7.5 million for one trader.

Moodeng was launched shortly after the Khao Kheow Open Zoo in Thailand shared adorable images of the two-month-old hippo on Facebook, capturing the internet’s attention. This surge in value coincides with a broader trend in the cryptocurrency market, which some investors are dubbing “meme season,” as various memecoins have recently reached all-time highs.

Another memecoin, Popcat, inspired by a viral cat named Oatmeal, achieved a record price of $1.45 on Monday, up from less than one cent at the beginning of the year. This increase has led traders to speculate about a potential “memecoin supercycle.”

After experiencing a price peak at the end of September, Moodeng initially retreated but has since rallied again. This latest upswing follows Ethereum co-founder Vitalik Buterin’s sale of 10 billion Moodeng tokens, valued at over $800,000, part of which he donated to an anti-airborne-disease charity. Buterin is known for donating memecoins received from new projects to charitable causes.

In a post on X, Buterin expressed appreciation for memecoins that contribute to charity, stating, “I’ve said before that I think the best thing for memecoins is if they can be maximally positive-sum for the world.” His mention of Moodeng following his donation helped boost the token’s value by nearly 400 percent in less than 24 hours.

The overall cryptocurrency market remains stable, with a market capitalization fluctuating between $2 trillion and $2.25 trillion over the past month, still well below its record high of nearly $3 trillion in 2021. Meanwhile, Dogecoin, the leading memecoin, has maintained a stable trading price around $0.10 since early August.

Moo Deng Magic: Investor Turns Rs. 1 Lakh Into Rs. 100 Crore In Just 17 Days

September 30, 2024, 10:38 am

In a remarkable cryptocurrency success story, a memecoin inspired by the internet’s latest sensation—a pygmy hippo named Moo Deng—helped an investor turn a modest ₹1 lakh investment into over ₹100 crore within just two weeks. The user, who made the investment on September 10, saw their investment soar as the value of Moo Deng’s memecoin skyrocketed. By September 28, their initial $1,300 (approximately ₹1 lakh) had ballooned to more than $12 million, according to blockchain tracker Lookonchain.

What is the Moo Deng Coin?

Joining the ranks of other popular memecoins like Dogecoin and Shiba Inu, the Moo Deng coin takes its name from a viral baby pygmy hippo that captured the hearts of internet users. Moo Deng, a two-month-old hippo from Thailand, became a social media sensation after playful videos of her circulated on TikTok and Instagram. The coin’s popularity surged as Moo Deng’s fame grew, leading to a 90% price increase in just 24 hours.

HAVE A LOOK AT THE VIRAL POST:

Crazy buying of #MOODENG!

A whale spent 10,156 $SOL($1.59M) to buy 6M $MOODENG at an average price of $0.2655 in the past 8 hours.https://t.co/e6IHotznDt pic.twitter.com/WEwQ7MefZ9

— Lookonchain (@lookonchain) September 28, 2024

Moo Deng: The Inspiration Behind the Coin

Moo Deng’s name, which translates to “bouncy pork” in Thai, was chosen through an online poll held in August. The adorable hippo’s tiny size and endearing personality have made her a favorite among internet users, earning her fans from across the globe. Her zookeeper, speaking to The Guardian, expressed surprise at the hippo’s international fame, saying, “I thought she could be famous in Thailand but not internationally.”

Memecoins and the Power of the Internet

Moo Deng coin highlights the unique relationship between internet culture and cryptocurrency. Memecoins are typically named after popular memes, animals, or internet trends, and while their lifespan can often be short, they have the potential for massive surges in value. Moo Deng’s internet celebrity status has clearly contributed to the coin’s rapid rise, sparking interest in both crypto communities and casual investors alike.

A Global Phenomenon: Moo Deng’s Influence Beyond Crypto

Moo Deng’s viral fame has extended beyond the cryptocurrency world. Beauty influencers worldwide have drawn inspiration from the baby hippo, incorporating her signature pink chubby cheeks and smooth skin into makeup looks. Her influence has even reached international audiences, showcasing the unpredictable power of internet virality.

With Moo Deng’s name attached to the latest memecoin success story, it’s clear that the internet’s fascination with the tiny hippo is not going anywhere anytime soon.

No Cash? Pay By Crypto: Bengaluru Auto Driver Revolutionizes Payments By Accepting Cryptocurrency!

August 20, 2024, 9:31 pm

When cryptocurrency was first introduced, it faced skepticism from many quarters. However, over time, people grew more accepting and began engaging with it actively. This shift includes a Bengaluru auto-rickshaw driver who announced he would accept cryptocurrency as payment for his rides. A photo of the driver and his notice was shared on social media and quickly went viral.

“Bro is transforming faster than most literate Indians,” commented X user Garima Sharma, alongside the picture showing the driver with a note reading, “We accept cryptocurrency.”

See the post here:

Bro is transforming faster than most literate Indians. pic.twitter.com/nZpIDc3bNv

— Garima Sharma (@Garimaoo2) August 18, 2024

The post, shared on August 18, has since garnered over 51,000 views and nearly 1,500 likes. Reactions in the comments section varied:

One person wrote, “He must be attending those web3 hackathons in parallel, I bet.”

Another user, Aryan Agarwal, remarked, “Where most people don’t have crypto accounts, he is accepting crypto.”

X user Mani Wagmi added, “Wonder if he still accepts crypto. If yes, he is one of a gem. Many have stopped taking crypto after 2022. I used to pay for food in crypto at a few places in Bengaluru.”

A fourth user commented, “I am ready to pay with cryptocurrency.”

CoinEx Celebrates Bitcoin Pizza Day with Events and $5,200 in Prizes

May 24, 2024, 2:06 pm

Happy Pizza Day! Today marks the anniversary of Laszlo Hanyecz’s historic exchange of 10,000 BTC for two pizzas 14 years ago. To celebrate, CoinEx is hosting special events both online and offline worldwide. Cryptocurrency enthusiasts are invited to join and share a total prize of USD 5,200.

Bitcoin Remains the Industry Leader

Bitcoin, the first decentralized cryptocurrency, continues to dominate the market. Both cryptocurrency investors and traditional financial markets keep a close watch on its performance. This year, Bitcoin reached an all-time high of USD 73,047 per coin in March, with a current market value of $1.4 trillion, solidifying its leadership position.

The first Bitcoin ETF was launched in the United States earlier this year, followed by Hong Kong introducing the first Bitcoin ETF in Asia. With the completion of the fourth halving, Bitcoin’s use cases have expanded further with new protocols like Runes and the existing Ordinals protocol.

Today, Bitcoin has surpassed the USD 70,000 mark again, reaffirming strong market demand. It is expected that Bitcoin will continue to be the cornerstone of the cryptocurrency world.

Celebrate Pizza Day with “One Bite of Bitcoin”

On Pizza Day, CoinEx offers unique activities for Bitcoin enthusiasts to express their passion and share in a USD 5,200 prize pool through the “One Bite of Bitcoin” campaign. Activities include:

One Line to Bitcoin: Participants share their crypto investment wisdom on CoinEx’s official Twitter/X account.
Share Your Slice: Participants post photos of themselves with pizza or AI-generated pizza images in the comments of the designated CoinEx post.
Offline Meetup: Participants take photos with Pizza Day-themed foam boards at iconic landmarks and share them on Twitter/X, tagging CoinEx for a chance to win pizzas or cryptocurrency.

Offline meetups are being held in Brazil, Cameroon, India, Indonesia, Malaysia, Nigeria, the Philippines, Spain, and Vietnam.

Join the Celebration

CoinEx invites all Bitcoin enthusiasts, from seasoned investors to newcomers, to participate in “One Bite of Bitcoin” and contribute to the future of digital currency. Visit CoinEx’s official website or follow their social media for more details on the campaign and event dates.

Join us on Pizza Day and let your creativity and passion for Bitcoin shine. Your participation is eagerly awaited!

About CoinEx

Established in 2017, CoinEx is a global cryptocurrency exchange dedicated to making trading easier. It offers services like spot and margin trading, futures, swaps, automated market maker (AMM), and financial management to over 5 million users in more than 200 countries and regions.

CoinEx has listed over 1,000 tokens and more than 1,400 trading pairs, providing users with access to the latest cryptos. Adhering to a “user-first” principle, CoinEx aims to create an equitable, respectful, and secure crypto trading environment, allowing individuals of all experience levels to access the world of cryptocurrency effortlessly.

DISCLAIMER: VMPL contributed the news release that is above. ANI disclaims all liability for the content of the same.

NCB busts pan-India drug network, seizes largest haul in two decades

June 6, 2023, 3:13 pm

In its biggest seizure in the last two decades, the Narcotics Control Bureau (NCB) has confiscated 15,000 drug bolts of LSD and arrested six people linked to a pan-India network of drug traffickers operating over the dark web.

The agency has also seized 2.5 kilograms of imported marijuana and Rs 4.65 lakh in cash in possession of the suspects, agency sources said on Tuesday. According to NCB Deputy Director General Gyaneshwar Singh, the gang used cryptocurrency and the darknet, adding that the delivery was mostly done through courier services. “All dealings were virtual,” the NCB deputy director general said, adding the suspects used private messaging apps to communicate. The agency has also seized Rs 20 lakh deposited in various bank accounts.

“We’ve arrested six persons in two cases and seized 15,000 blots of LSD drug…The commercial quantity of this drug is 0.1 grams. It is a synthetic drug and is very dangerous. This is the biggest seizure in the last two decades,” the NCB Deputy Director General said. LSD or lysergic acid diethylamide is a synthetic chemical based-drug that is categorised as a hallucinogen.

The NCB official said the seized amount of 15,000 LSD blots is 2,500 times the commercial quantity. For reference, in 2021, the then Karnataka Chief Minister congratulated state police for confiscating 5,000 blots over the course of a year.

According to investigators, LSD is quite popular among youth and most of the people involved in this network are educated and young. “LSD is very easy to smuggle and almost difficult to trace. A commercial quantity is made up of 5 or 6 blots. The NCB has recovered 15,000 blots…there has not been such a huge seizure in the last several years.”

“India is slowly becoming a big consumer of LSD, which is dangerous. It is a huge network and was spread across Poland, the Netherlands, the USA, Delhi-NCR, Rajasthan, Maharashtra, Kerala, Tamil Nadu and Uttar Pradesh,” the Director General said. “Earlier in 2021, we had busted 3 dark net sites by arresting 40 accused.” The Delhi zonal team busted the cartel with the help of several units.

BNB, Avalanche, and Big Eyes Coin are three cryptocurrencies to keep an eye on in 2023.

April 18, 2023, 2:37 pm

18 April, New Delhi, Indian Investors are continually looking for De-Fi digital currencies that have the potential to produce significant returns as the cryptocurrency business expands and changes. This article focuses on Binance Coin (BNB), Avalanche (AVAX), and Big Eyes Coin (BIG), three distinct cryptocurrencies that show promise and merit consideration for the year 2023.

Reasons to Pay Attention to Big Eyes Coin if You’re Interested in Meme Coins A meme-based cryptocurrency called Big Eyes Coin has recently attracted a lot of attention thanks to its innovative idea and fervent community backing. The BIG team is urging users to keep onto their tokens for a while during its presale phase, which is scheduled to expire on June 3rd, especially since early adopters are rewarded.

Market Experts Predict a Bright Future for Binance Coin (BNB)
Binance Coin (BNB) is the native token of Binance, which is one of the largest centralized exchanges in the world. Initially launched as an ERC-20 token on the Ethereum blockchain in 2017, BNB migrated to its own Binance Smart Chain (BSC) in 2020. Binance CEO Changpeng Zhao has expressed his intention to establish Binance as a significant player in the DeFi industry, with BNB playing a vital role in its growth.

On March 17th, Binance Coin briefly surged to USD 338.8 before experiencing a decline to a range of USD 308 to USD 319. This dip provided an opportunity for investors to consider accumulating or entering a long trade. However, due to current market conditions, BNB has struggled to initiate an uptrend. If market conditions remain favorable, Binance Coin could potentially reach USD 426.4, resulting in a 33 per cent return for investors. On the other hand, if market conditions worsen, the coin may undergo a downside correction, dropping to $278.8, representing a 9 per cent decrease.

Avalanche Network Shows Growth, but AVAX Investors Face Challenges
Avalanche was launched as a Layer 1 blockchain in September 2020, with its native token, AVAX, used for staking, governance, and transaction fees. Avalanche has established a strong presence in the DeFi industry, with its TVL (total value locked) surpassing USD 8 billion in February 2023.

Recently, the number of daily active addresses engaged in trading on the Avalanche network has increased substantially. However, despite the daily active addresses on the AVAX platform reaching a record high of over 70k, the token has failed to achieve significant gains. This is evident from the Longs/Shorts Ratio falling to 0.95 per cent, which suggests a lack of investor confidence, despite the platform’s two major upgrades.
Investors in the cryptocurrency industry are always searching for the next lucrative opportunity, and three potential options to consider are Avalanche, Binance Coin, and Big Eyes Coin. However, among these three, Big Eyes Coin stands out as a particularly promising investment, especially in anticipation of the next bull market.

With its innovative features such as the utilization of Loot Boxes and the ongoing promotional code that offers a 300 per cent bonus, Big Eyes Coin has garnered significant attention and has the potential to generate substantial profits.
Learn more about Big Eyes Coin today:

Group of hackers deletes data of KN Modi Foundation, demands crypto worth a million dollars to resolve the issue

September 8, 2022, 11:46 am

A group of hackers stole and deleted all the data of KN Modi Foundation’s educational institutions and are asking for cryptocurrency worth USD 1 million to give it back and resolve the issue.

Sandeep Kumar Yadav has informed the police official, SP(Rural) Iraj Raja, about the situation. In his complaint, he reported that the hackers have deleted all the students’ and staff’s data from the institute’s database.

The police have registered an FIR against two unknown persons under Section 507 (criminal intimidation by an anonymous communication) of the Indian Penal Code (IPC) and relevant sections of the IT Act.