News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
VIPBitget VIP Weekly Research InsightsMemecoins have been gaining traction in the current market cycle, consistently drawing attention and capital. Established projects are now backing Pump.fun, a token launch platform, leveraging their brand and community resources to issue memecoins, engaging new users, and unlocking fresh capital for business growth. Fueled by the memecoin buzz, ApeChain's APE token surged by over 100% in a single day, reaching a three-month high. Additionally, Yuga Labs' NFT collections have seen a long-awaited recovery. Recently, major platforms and wallets have also begun actively supporting ApeChain. As a leading team from the NFT era, ApeChain shows strong development potential.
- 15:23BlackRock IBIT Becomes Third-Highest Inflowing U.S. ETF So Far In 2024BlackRock's iShares Bitcoin Trust (IBIT) has become the third-highest year-to-date net fund inflow among U.S. ETFs in 2024, attracting $26.174 billion, data shows. To date, IBIT has returned 48.52 per cent over the year and has $30.1 billion in assets under management, outperforming many traditional ETFs in terms of both net inflows and performance.
- 14:59Nansen Analyst: Trump administration may approve the first Ethereum ETF backed by collateral.Nansen analyst Edward Wilson stated that with Trump's election victory, it could lead to the birth of the first Ethereum-backed Exchange Traded Fund (ETF). He said: "As the regulatory environment may be favorable for cryptocurrencies, we might even see the Trump administration approve an ETH-backed ETF, which would fully utilize the advantages of ETH as an asset. If this happens, then ETH will become an exciting asset worth paying attention to. In other words, ETH is becoming cool again." (Cointelegraph)
- 14:59Encryption KOL Cobie destroys 60% of the total supply of Solana chain's Meme coin UPONLYOn November 8, 60% of the total supply of 1 billion UPONLY meme coins on the Solana chain were transferred to the wallet address of well-known cryptocurrency trader Jordan Fish (alias Cobie). Cobie stated, "All received tokens have been completely destroyed, and their value at the time of destruction was $17 million. And I asked them not to bother me anymore." Data from Solana blockchain explorer Solscan shows that there are only 400 million UPONLY coins left in circulation. (TheBlock)
