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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

Elon Musk cleared in Dogecoin class action lawsuit
Elon Musk cleared in Dogecoin class action lawsuit

Elon Musk and Tesla won the dismissal of a class action lawsuit, which alleged Musk’s comments manipulated the Dogecoin market.U.S. District Judge Alvin Hellerstein dismissed the lawsuit permanently.

The Block·2024/08/30 07:00
Altcoin season hasn't arrived because everyone jumped 'straight to the punchline'
Altcoin season hasn't arrived because everyone jumped 'straight to the punchline'

A crypto analyst says that we haven’t seen this altcoin season because traders keep buying memecoins too early.

Cointelegraph·2024/08/30 06:12
BlackRock’s IBIT logs first daily net outflows since May amid streak of spot bitcoin ETF outflows
BlackRock’s IBIT logs first daily net outflows since May amid streak of spot bitcoin ETF outflows

U.S. spot bitcoin ETFs saw $71.73 million in net outflows on Thursday.BlackRock’s IBIT logged $13.51 million in outflows, marking its first daily negative flows since May 1.

The Block·2024/08/30 05:31
Flash
  • 09:30
    Merlin Chain Launchpad Platform MerlinStarter Upgrades to Star AI, Focusing on AI Virtual Human Incubation and Asset Issuance
    According to ChainCatcher, the Merlin Chain Launchpad platform MerlinStarter has officially upgraded to Star AI, becoming a global leader in AI virtual human incubation and asset issuance. Star AI deeply integrates AI with Web3, dedicated to promoting the creation, trading, and assetization of virtual human IPs, ushering in a new era of AI asset economy. Previously, MerlinStarter received investments from 20 institutions, including Amber Group, Arkstream Capital, and Cogitent Ventures. Its first two IDO rounds raised a total of over 900 million, breaking the IDO records for the first and second highest fundraising amounts in history. The platform has over 1 million Merlin Chain addresses interacting with it.
  • 09:24
    AI Concept Meme Tokens Rise in General, ZEREBRO Up Over 26% in 24 Hours
    On April 28th, according to GMGN data, AI concept Meme tokens have generally risen, among which: ZEREBRO rose 26.55% in the last 24 hours, with a market cap now at $73.6 million; ai16z rose 21.24% in the last 24 hours, with a market cap now at $316 million; VIRTUAL rose 16.54% in the last 24 hours, with a market cap now at $636 million; ARC rose 14.54% in the last 24 hours, with a market cap now at $69.9 million; AVA rose 13.17% in the last 24 hours, with a market cap now at $53 million.
  • 09:13
    Analyst: Bitcoin's Correlation with Gold Reaches 0.7
    April 28 news, CoinDesk analyst James Van Straten stated that as of now, Bitcoin has dropped approximately 1.5% since December 31 last year, positioning its performance between the 24% rise of gold and the over 7% decline of the Nasdaq 100 index. Therefore, the notion of positioning Bitcoin as either a leveraged tech stock or digital gold slightly leans towards the digital gold perspective, but just barely. By analyzing the 30-day moving average correlation coefficient of Bitcoin, it currently shows a strong correlation with gold at 0.70, while exhibiting a weaker correlation with the Nasdaq 100 index at 0.53. This indicates that Bitcoin's performance is more akin to the trend of gold, rather than that of tech stocks.
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