Crypto trader turns $3K into $2M after CZ post sends memecoin soaring
The trader bagged nearly $2 million in profit by investing in the "4" memecoin shortly after Zhao's social media post following the BNB Chain phishing incident.
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Onchain dynamics point to a renewed accumulation phase that may see Bitcoin's price surpass $150,000 before the end of 2025, market analysts told Cointelegraph.
While tokenization transforms trillion-dollar markets, the $10 billion domain industry remains stuck in Web2 trading that takes months.
Global aging and rising wealth could boost demand for assets like Bitcoin, with the Fed projecting stronger investment growth through 2100.
Bitcoin printed a new all-time high, then dropped by over $2,000 as traders considered where the next BTC price bounce zone could be.
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Venezuela turns to USDT as hyperinflation bites, with merchants pegging prices to Binance P2P dollar rates.
The trader bagged nearly $2 million in profit by investing in the "4" memecoin shortly after Zhao's social media post following the BNB Chain phishing incident.
In Nairobi and Lagos, stablecoins like USDT and USDC help people fight inflation, cut costly remittances and move money through mobile wallets such as M-Pesa.
Bitcoin exchange balances plunged to six-year lows as over $14 billion left CEX platforms in a fortnight, as the asset powered to a new peak price.
Bitwise's Matt Hougan said Solana's speed and finality make it Wall Street's top choice for stablecoins and tokenization despite Ethereum's dominance.
Yield-bearing stablecoins will force traditional banks and legacy financial institutions to offer customers real yield on their deposits.
Asset manager VanEck attributed the broad decline in blockchain network revenue in September to lower volatility in the crypto markets.
Crypto treasury companies are already capitalizing on highly volatile digital assets, and tokenizing company shares introduces new risks.