Altcoin News by Thebittimes.Com

A new Solana -based meme coin is currently driving market momentum, spurring user sentiment and interest. Maneki, trading by the name MANEKI on CoinMarketCap, is the newest meme coin introduced in the market, which has taken the domain by storm. The token has surged a staggering 45%, stirring curiosity within the crypto vertical.  Also Read: Post Halving Solana (SOL) Eyes $300; Here’s When It Can Breach It What Is the Maneki Token All About? Image Source: Watcher Guru Maneki is dubbed a Japanese beckoning cat-inspired token, inviting users to explore its potential to the fullest. Influencing the market by disseminating the symbolism of age-old Japanese wisdom, Maneki is a one-of-a-kind Solana -based cat token, mixing mythology with the budding web3 crypto arena.  $MANEKI REACHES ANOTHER NEW ALL TIME HIGH The cats are taking over Will $MANEKI be the first cat to reach $1B? https://t.co/cWNY8aK8RG pic.twitter.com/PpCe8SCkhf — The Wolf Of Crypto Streets (...

Solana Mobile’s third-party distributor faced inventory issues, sparking order cancellations and refunds for affected customers. In an X post on Dec. 22, Solana Mobile, a mobile tech company developing the Solana Mobile Stack and Saga, revealed that a high surge in demand for its Saga product resulted in sellouts across the United States and the European Union. Last week, we saw an overwhelming demand for Saga, with sellouts in both the US & EU on our limited inventory of 20,000 devices produced globally. In working to fulfill orders, we learned of an inventory management issue with our third-party distributor that resulted in an… — Solana Mobile (@solanamobile) December 22, 2023 However, amid the hype, the company, which had a limited inventory of 20,000 devices produced globally, is facing challenge s in fulfilling orders due to an inventory management issues with a third-party distributor. “In working to fulfill orders, we learned of an inventory man...

The crypto currency market cap grew to $1.5 trillion in November as blockchain protocols and digital assets experienced a massive influx of capital. During November, crypto price s saw a significant uptick amid market-wide bullish sentiment among participants, with tokens in the top 30 by market cap leading gains within 30 days.  Avalanche (AVAX), a layer-1 blockchain, led price gains with a massive 88% increase on the back of institutional interest, according to 21Shares. JPMorgan and Apollo Global tapped an Avalanche subnet for an on-chain portfolio management tool included in Project Guardian, a proof-of-concept initiative spearheaded by the Monetary Authority of Singapore. Once hailed as a so-called “Ethereum killer”, Solana’s network saw renewed on-chain activity which filtered into the SOL ecosystem. The token rallied some 63% and trading on Solana-native decentralized exchanges (DEX) hit an all-time high of $7.3 billion. Users likely flocked to Solana for its cheap transac...

The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Kraken, one of the sphere’s leading crypto exchanges, on Nov. 20, alleging several violations of federal securities laws, including commingling user funds.  Though the SEC makes serious accusations against the exchange, the lawsuit also makes over 100 citations of Solana and its native coin, SOL, and more than 60 mentions of Cardano and its currency, ADA. The two are among the leading smart contract platforms whose coins are among the top 10 by market cap.  Cardano and $ADA mentioned 60+ times in SEC Kraken lawsuit . Ask My Anything aka AMA also mentioned . #Cardano pic.twitter.com/OtznBBl8eT — St₳kΣ with Pride (@StakeWithPride) November 20, 2023 Solana and Cardano have been under increasing regulatory pressure in recent times as the SEC alleges that ADA and SOL, like Algorand (ALGO) and Near Protocol (NEAR), as mentioned in the lawsuit s against Binance and Coinbase in June 2023, are un...

Ethereum has been dominating the NFT space. Other blockchains like Solana , Polygon, and BNB Chain have been tagging alongside. However, the list now Features a new entrant, Bitcoin. Ordinals on Bitcoin debuted in January 2023 and they have been an evergreen topic of discussion since then. On one hand, people from the industry have been excited to welcome NFTs to Bitcoin. On the other hand, skeptics have been debating how Ordinals unlock a world of dangers for the Bitcoin network, including malware assaults and soaring transaction costs.  Ordinal Inscriptions are quite similar to NFTs. However, they come with a slight twist. They are digital assets inscribed on a Satoshi, the lowest denomination of Bitcoin. The network’s SegWit and Taproot upgrades that took place to improve the privacy and efficiency of the network opened the doors for Satoshi inscriptions. According to data from Dune Analytics, over 153.6k Ordinal Inscriptions have been created to date. Parallelly, users h...

The crypto markets bled this week due to the FTX and Alameda-induced crash. Leading crypto s plummeted to 2020-21 lows shedding all gains that it generated in the last 12 months. Bitcoin is at the $17,000 level and is at its November 2020 lows. The markets went helter-skelter with no signs of a possible recovery. However, after the CPI report was out on Thursday showing inflating at 7.7% compared to 8.2% the previous month, the crypto markets shed the baggage and briefly turned to green. BREAKING: 🇺🇸 US inflation falls to 7.7%, lower than expectations. — Watcher.Guru (@WatcherGuru) November 10, 2022 Also Read: FTX: Sam Bankman-Fried faces SEC’s wrath in new probe Here are 3 Coins That Are Recovering After the Crash 1. Solana (SOL) Source: CNBC Solana faced the heat of the market crash as Sam Friedman-Bank’s Alameda Research has nearly $1.2 billion worth of SOL. The idea that Alameda could dump their SOL holdings to refrain from being ...