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Will Izuchukwu

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Galaxy Digital Faces Significant Losses on Memecoin Investments Amidst High Risk Bets

In the last few months, the prominent crypto investment firm Galaxy Digital, led by billionaire Mike Novogratz, has made some pretty audacious moves in the unstable world of Memecoins. The company has taken more than a few bold steps in the last couple of months to try and stabilize its Memecoin investments and recover some of the losses. These investments were made, it bears mentioning, not in the prospect of the assets returning some far-fetched Memecoin miracle but because of a perception among some at Galaxy that these were the types of (largely pointless) crypto projects that have the potential to return outsized gains. Breakdown of the Losses: PNUT, ai16z, and ARC Among the three Memecoins in which Galaxy Digital has invested heavily, the losses are especially pronounced for PNUT, the most prominent holding in the firm’s portfolio. Galaxy has […]

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Circle Resumes USDC Minting on Solana After Seven-Day Pause Amid Stablecoin Activity Surge

In recent days, the landscape surrounding stablecoin has changed notably, with USDT (Tether) and USDC (USD Coin) moving quite dramatically across various blockchain networks. Stablecoin activity on Ethereum, for instance, has seen a marked uptick. Tether and USD Coin have combined to add a staggering $1.1 billion to the network just in the last week. On Solana, however, these same stablecoins have experienced something of a "run," with a combined $772 million exiting the network in what seems to have been a weeklong panic accompanied by a fair number of raised eyebrows. We here at Altcoin Daily have our own eyebrows up, and for good reason. Is something afoot with the Solana stablecoin ecosystem? Resumption of USDC Minting on Solana The recent decision by Circle to restart minting USDC on Solana—after a one-week suspension—has gathered significant focus from the crypto […]

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Whale Accumulation of $OM Shows Potential for Bullish Momentum as Investor Interest Grows

In the rapidly changing world of cryptocurrency, the actions of large players—commonly known as "whales"—often indicate shifts in market sentiment or upcoming trends. One such whale has emerged recently as a point of fascination for traders and analysts. This whale, associated with the address 0x35...2Bf7f, has been accumulating a remarkable number of tokens of a particular digital asset called $OM. To date, this address has accrued close to 1.9 million tokens of $OM. These tokens hold an approximate value of around 14.45 million US dollars. And what has traders and analysts really buzzing is the seeming appearance of this whale as a potential "smart" money signal. Whale's Strategic Accumulation and Potential for Profit The address in question has been quietly amassing $OM tokens since January 19, 2025, withdrawing large batches from Binance. During this time, the average price per $OM […]

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SHELL’s Volatile Surge: Whales Make Big Gains, While Others Face Losses Amid Market Fluctuations

The price of the token $SHELL has been moving sharply, as has the overall cryptocurrency market, and for some investors, $SHELL is a fountain of profits, after gouging them with losses for a while. This past week, two players who dominate the market and carry around dramatic amounts of cash in the form of cryptocurrencies, known in the lore of the market as "whales," experienced two totally different narratives with the price action of the token. What has caught the attention of traders is the wealth of the top whale, 0x9de...f0960, who has been using the recent price movement of $SHELL to make some remarkable profits. In contrast, another large player in the market, 0x0ac...83bf8, found themselves on the losing end of the trade after buying at the market high. These two contrasting outcomes of two different kinds of investor […]

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Dog-Inspired Memecoins Go Viral, $BROWNIE Surges to $30M Market Cap Before Retracing

In the continuously changing cryptocurrency sphere, meme coins have captivated the world as a blend of humor and pop culture, making them. The latest coin to capture the imagination of dog lovers and memes comes courtesy of Changpeng Zhao, the founder of Binance, who is no stranger to cute dog-based appeals. Following his reveal (not a shocker, since CZ has been pretty open about other dog tokens) that he’s an owner of a Belgian Malinois, we saw a spike in not just one but several new dog-themed cryptocurrencies. One of the seemingly random ones that popped up was $BROWNIE, which briefly had the membrane of a "serious investment" and was, by all accounts, as close as a dog-themed coin could possibly get to the "moon." CZ's Belgian Malinois and the Birth of a Memecoin Frenzy It all started when CZ […]

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AI Agent Season Begins on Core: AethirCloud Brings $100M Decentralized Compute Network to BTCfi

Blockchain and cryptocurrency are rapidly changing, and now AI is in the mix. The latest development involves AethirCloud, a worldwide leader in decentralized cloud infrastructure, which is bringing its $100 million decentralized compute network to the #1 BTCfi chain. This has the potential to reshape everything for developers and present new opportunities to harness AI agents to scale BTCfi. A New Era of AI Agents on Core The crypto world has been steadily seeing the rise of Artificial Intelligence, and the recent announcement from AethirCloud makes it clear that AI is now an official player in the space. AethirCloud has a cutting-edge distributed network of over 400,000 top-of-the-line GPU containers, ready to give the high-level compute resources that agents of AI need to succeed on Core, the leading BTCfi chain. Integrating AethirCloud’s network will be a game changer. AI agents […]

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BNB Chain Revolutionizes Web3 in 2025: Faster, Smarter, and More Accessible

Significant advances are planned for BNB Chain in 2025. They are setting the stage for a faster, more effortless, and intelligent Web3 experience. New upgrades and innovations are putting BNB Chain in the conversation as a leader in the blockchain space. They are optimizing for speed, efficiency, and user experience. The changes afoot reflect a larger vision: to make Web3 applications as accessible and scalable as their more familiar predecessors, thus transforming the way users and developers interact with decentralized technologies. 2025: A Year of Major Upgrades and Advancements for BNB Chain The upgrades for 2025 at BNB Chain are focused on four main areas, which are aimed at taking the overall experience up a notch for both users and developers of decentralized applications: 1. Transaction speed: This is a critical area that not just BNB Chain, but all blockchain […]

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Massive Profits for Memecoin Whales as $ARC Token Soars Amid Launch of Issuance Platform

A few Memecoin whales have recently benefited from the dramatic rise of the $ARC token, not only increasing their holdings but also reaping huge rewards as the coin surged 49.3% in value over a 24-hour period. The price explosion of $ARC followed the unveiling of plans by the project to roll out a new token issuance platform, something just about guaranteed to capture the interest of potential investors in the crypto space. For at least a couple of big players, the uptick in $ARC's price has worked out to floating profits on the order of a not-so-modest $4.45 million in a single coin. Memecoin Whales’ Strategic Positions on $ARC Token Notable among the investors in $ARC are three prominent whales who have been gradually building up their positions for several weeks. One of these whales didn't start investing in $ARC […]

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Starknet’s zkLend Suffers $9.5M Exploit, Funds Laundered and Returned via Railgun Protocol

In a wake-up call in the decentralized finance (DeFi) space, zkLend, a decentralized lending platform that operates on the Starknet network, was exploited for $9.5 million. The weekend exploit was a big security hit for the platform, resulting in stolen funds that were supposed to be untraceable. However, in an unexpected twist, the stolen assets were returned, thanks to a feature of Railgun, the privacy-focused protocol that played a part in laundering the funds. The Attack on zkLend A decentralized lending and borrowing protocol called zkLend, built on Starknet, has received a lot of attention for its novel approach to this service. Unfortunately, that reputation took a big hit when the system had a vulnerability exploited by a hacker who made away with about $9.5 million worth of crypto assets. After the funds were stolen, the hacker then bridged the […]

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TRON Revenue Exceeds $2 Billion in 2024, Demonstrating Growth and Market Strength

An achievement that deserves to be highlighted is that TRON has now crossed the $2 billion threshold in annualized revenue for 2024. This is very clearly a strong number. It's an impressive statement from any smart contract chain that can produce these kinds of figures. In the case of TRON, where the result also brings with it a healthy appearance of the system's native token, TRON is becoming more and more an ecosystem that people are actually using and toying around with. https://twitter.com/Cointelegraph/status/1889381608907510271?t=Ejrt-njEH4qYnrpl2kwB2A&s=19 Key Drivers of TRON’s Impressive Revenue Growth The key factor propelling TRON's earnings upward has been its native token, TRX, which has seen its price shoot up. The growth in value of TRX has profoundly affected TRON's total revenue. This total has now cleared the $2 billion barrier. Investor interest in TRON has also increased. These investors […]

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