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Controversial influencer Andrew Tate is sitting on an unrealized profit of $41K from a leveraged short on YZY MONEY (YZY), a meme coin linked to rapper Kanye West, while 13 other wallets each pocketed over $1 million from the token. The meme coin went viral after appearing on West’s official X account , triggering a 1,400% surge to $3 and a market cap of $3 billion.  High-profile traders, including BitMEX co-founder Arthur Hayes and leveraged trader James Wynn, also bought in, drawn by the hype surrounding the celebrity-backed token. But its surge was short-lived. Fears of a rugpull appeared justified when YZY’s price crashed hours later, leaving thousands of smaller investors with losses. CoinMarketCap data shows the token has plummeted more than 44% in the last 24 hours to trade at $0.6571. YZY price chart (Source: CoinMarketCap ) Nansen data shows 13 wallets collectively made $24.5 million dumping the token, while only a small fraction of addresses that bo...

The cryptocurrency market is thriving with speculations of when the OG meme coin Shiba Inu (SHIB) will surge and assert its dominion back into the domain. At the same time, new meme coins continue to be launched in the sector, with Pepe now slowly emerging as the new competitive crypto taking the market lead forward. Out of the two, which can generate the most profits this year? Let’s find out. Also Read: Top 3 Cryptocurrencies To Watch This Weekend Shiba Inu: What Lies Ahead? Source: Watcher Guru Shiba Inu (SHIB) is part of a massive trajectory change as of now. Per expert Javon Marks, the crypto is already eyeing the $0.000081 price mark, and if all goes well, the token is ready to surge and hit the aforementioned mark with utmost grace. At the same time, investors cannot help but reminisce about the token’s 2021 price rally, which helped them accumulate sizable profits with the help of SHIB in no time. This particular fact was also discussed by Lucie, Shiba Inu’s marketin...

Much has been said in recent months about Bitcoin’s (BTC) trials and tribulations. By press time on March 25, the world’s premier cryptocurrency had underperformed the hopes of many bulls and, despite the latest positive moves, remains some $20,000 below its recent highs. Still, BTC’s overwhelming success and proliferation are nowhere seen better than in the big picture, and zooming out beyond the shortest of timeframes reveals just how far Bitcoin has come and how much price appreciation its fundamental structure enabled. Seeking to escape the current woes, worries, and fears, Finbold elected to examine the coin’s path over the last five years and see how much a $5,000 investment made on March 25, 2020, would have risen by today. Picks for you XRP is only $2 billion away from flipping Tether to rank as world's 3rd la...

Cryptocurrencies have brought about one of the biggest paradigm shifts in finance in recent memory.  While they carry the potential to turn the tide in favor of decentralization and transparency, practical use cases are still in their infancy. On the other hand, digital assets have seen widespread adoption in the form of speculative investments. Once the domain of the particularly internet-savvy, they are now widely available and enjoy strong mainstream appeal. As this nascent industry matures, the rough edges are being smoothed out. While cryptocurrencies are still very volatile, they’ve slowly begun to stabilize — whether through a stronger correlation with the performance of traditional assets, the advent of stablecoins, or institutional involvement.  Picks for you The Bitcoin ‘train still has room to run' after the $107,0...

After Bitcoin (BTC) crossed the massive psychological level at $38,000 and continued to advance, optimism has returned to the cryptocurrency market, which is now waiting to see if the flagship decentralized finance (DeFi) asset would surpass another major threshold. Indeed, chances are increasing that this could actually happen, as pseudonymous cryptocurrency analyst Crypto Tony noted that Bitcoin was “MOONING TO TARGET” and “going for that $39,000 – $40,000 mark” he predicted earlier, as he said in his Analysis shared on December 1. That said, as the crypto trading expert observed, some “buggery” or dips are possible between now and when the maiden digital asset climbs to the predicted price level in the following weeks, but he nonetheless stated that “I do remain long currently,” according to his assessment. Bitcoin price action analysis and prediction. Source: Crypto Tony Highest profitability in 2 years Meanwhile, another bullish sign for the maiden crypto asset is its...

An NFT trader who noticed a bot was copying his trades tricked the bot out of 800 ETH, worth around $1.5 million. In this week’s newsletter, read about how the team behind Bitcoin Ordinals plans to drive the development of nonfungible tokens (NFTs) on Bitcoin and find out why metaverse platform The Sandbox requires Know Your Customer (KYC) checks for staking. In other news, learn why NFT gas usage is on a downward trend, and don’t forget this week’s Nifty News, featuring an NFT trader tricking a bot and bagging $1.5 million in profit .  Bitcoin Ordinals team launches nonprofit to grow protocol development The team behind Bitcoin Ordinals has launched a nonprofit aiming to boost the development of NFTs on Bitcoin. Dubbed the Open Ordinals Institute, the nonprofit will provide funding for Ordinals developers. The Bitcoin Ordinals protocol was launched in January, and it rapidly became one of the most popular trends in crypto. Users rushed to inscribe their assets like NFTs and Bitcoi...