By Shikha Singh
Dogwifhat (WIF) Gains 9% While Top Solana Memes Suffer Double-Digit Losses
Solana meme tokens led the recent market downturn, with top coins like Fwog, MOODENG, GOAT, and PNUT losing up to 22% in 24 hours.
In contrast, Dogwifhat (WIF) posted a notable gain, recovering 9.60% from a daily low, rising to $3.3715. The gains were attributed to WIF’s recent listing on Robinhood, which boosted investor sentiment.
Robinhood’s announcement, alongside support for Cardano, XRP, and Solana, helped solidify Dogwifhat’s position as a top meme token in the crypto space.
Cardano Bulls Withdraw $100 mn from Exchanges, Hint at Fresh ADA Surge.
Despite Cardano (ADA) recently dipping below $1, on-chain data suggests that ADA bulls remain optimistic and may be positioning for a potential uptrend.
The price currently sits at $0.98, following a brief rise to $1.15, likely impacted by a broader market decline, including Bitcoin’s fall below $95,000.
Notably, ADA holders have withdrawn approximately $100 million from exchanges in just two days, signaling a lack of selling pressure, which could lead to upward price movement.
OKX Launches Crypto and Wallet Solutions in Belgium, Backed by MFSA.
On November 26, OKX, a global cryptocurrency exchange, expanded its services to Belgium by launching its trading platform and self-custodial wallet.
Belgian users can now access spot trading and over 200 cryptocurrencies, including 60 trading pairs with euro integration.
The Malta Financial Services Authority has granted a license to Okcoin Europe, a Malta-based entity, to provide the services.
However, the launch does not imply direct regulatory approval from Belgian authorities, as OKX operates under a “non-rejection” status in the country.
In addition to Belgium, OKX has also launched its platform in the UAE, offering services to both retail and institutional investors, including spot trading and on-chain earning products.
Ethereum Surpasses Tron in On-Chain USDT Holdings.
Ether has reclaimed its leading position in terms of total on-chain USDT, surpassing the Tron network with $60.32 billion of USDT compared to Tron’s $57.99 billion.
Over the past week, USDT supply on Ethereum has surged by 5.78%, and by 28.22% over the past month. In contrast, USDT on the Tron network saw a 2.64% decrease in supply during the same period.
Other blockchains like Aptos and Polkadot also saw significant increases in USDT supply, with Aptos growing by 58% and Polkadot by 35%.
Telegram’s Crypto Holdings Rose to $1.3 bn in H1 2024: Report.
Profits from the sale of Toncoins (TON) and a deal involving The Open Network (TON) drove Telegram’s digital asset holdings to $1.3 billion in the first half of 2024, up from $400 million at the end of 2023.
The company generated $525 million in revenue in H1 2024, a 190% increase from 2023, with $353 million from crypto sales.
Telegram also held a significant amount of TON, which saw volatility following founder Pavel Durov’s arrest in August but recovered amid a broader crypto rally.
Telegram has 950 million monthly active users and remains one of the top five most downloaded apps globally.
FCA Announces UK Crypto Regulation Roadmap.
The UK’s Financial Conduct Authority (FCA) has unveiled a roadmap to fully regulate crypto assets by 2026, aiming to create a “safe, competitive, and sustainable” market.
This plan includes consultations on market abuse, stablecoins, and custody between 2024 and 2025, with final policy statements expected in 2026.
Similar regulations in the EU and the US prompted the move. Currently, cryptocurrencies like Bitcoin and Ethereum are unregulated in the UK, leaving investors without protections such as access to the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS).
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