
Across the globe, the crypto market has seen extraordinary movements and controversial developments. A Chinese company with no revenue has made substantial donations to Trump, while Coinbase, one of the leading crypto exchanges, continues its purchasing spree of Bitcoin. Its approach though does not align with treasury strategies. Coinbase also publicly disclosed thousands of pages pertaining to crypto law oversight, marking a significant move towards transparency.
An exploit within Pectra's system has been reported, allowing hackers to drain wallets through offchain signatures. A group of traders known for their anonymity made a windfall of $100M using Melania Trump's memecoin before public launch. The memecoin trend is apparently just beginning, with figures like Pepe, Pepeto, Dogwifhat, Bonk and Floki leading the surge.
However, industry onlookers find Bitcoin mining increasingly unprofitable in the U.S. and Germany, due to elevated costs per coin. This disproportionate cost allocation has harbingered an atmosphere of speculation and uncertainty around Bitcoin and the overall crypto-market, all while the notion of meme coin pumps are cited as merely for entertainment.
Despite a surge in value, Trump's meme coin has triggered mixed reactions in the industry. Upon closer examination, there are concerns about insider trading largely due to the vast control Trump has over his coin. Abrupt changes in value such as Pi Coin's sudden price drop of 19% in just 24 hours further prompts investors to question the reliability of these crypto assets.
On the brighter side, meme coins like Fartcoin have seen escalating valuations in the wake of Trump's victory. With market strength renewed, investments in the digital currency seems to persist. Notable coins include JUST (JST), now available on Kraken with a $90,000 Reef Program Airdrop, is standing out as one of the potential growth coins.
JUST Coin News Analytics from Fri, 15 Nov 2024 08:00:00 GMT to Wed, 14 May 2025 16:14:27 GMT -