Welcome to another roundup of all things crypto from your favorite portfolio tracking and trading platform, Coinigy.
We thought we had seen it all with Bitcoin Ordinals (NFTs on the Bitcoin blockchain). Now, there’s news of a new token standard on the mother blockchain—BRC-20.
With its launch, you’ll get to enjoy tons of memecoin surges on the blockchain—kind of like what we have with $PEPE and others.
Speaking of $PEPE, the memetic crypto is on fire—not literally. However, it has enjoyed massive media coverage with a market cap that just keeps growing. Even Binance and other exchanges have listed it.
If you joined the $PEPE train early, congratulations to you. If you didn’t, well, we can’t say for sure if you can get in now and still make profits. What we CAN say is that you can track its price and chart technical analysis on Coinigy to know the best time to enter or sell.
Anyway, here are the highlights of last week.
- Memecoin takes over BTC, sends fees to the moon
- Binance Lists PEPE as Meme Coin Market Cap Hits $1 Billion
- Court sets ten day deadline for SEC to respond to Coinbase’s complaint
- French Senate approves amendment to allow influencer marketing for crypto
Memecoin takes over BTC, sends fees to the moon
Bitcoin’s BRC-20 token standard has become the latest trend in the crypto ecosystem amid the rise of memecoins. A total of 8,500 different tokens have been minted using the BRC-20 standard. However, the ongoing trading frenzy of memecoins has triggered an unwanted consequence for Bitcoin — raising its transaction costs to their highest point in two years. Read the full story.
Binance Lists PEPE as Meme Coin Market Cap Hits $1 Billion
Binance, on May 5th, announced it would list Pepecoin ($PEPE) in the platform's so-called innovation zone. To enter, traders must first answer two questions correctly regarding how much money they could lose trading in this zone (more or less than 50%?) and whose fault it would be if they do indeed face a "total loss" of funds. Here’s the full story.
Court sets ten day deadline for SEC to respond to Coinbase’s complaint
On May 4th, Coinbase’s chief legal officer Paul Grewal announced that the U.S. Court of Appeals for the Third Circuit has issued a response to the complaint made against the U.S. SEC about the need for precise guidelines for trading digital assets. This is a significant advancement in the legal dispute for establishing regulatory transparency. Read the full story.
French Senate approves amendment to allow influencer marketing for crypto
The French Senate’s Committee on Economic Affairs recently approved an amendment to pending legislation allowing registered cryptocurrency companies to hire social media influencers for advertising and promotional purposes. Read the full story.
Other highlights worth mentioning
- SUI mainnet goes live - Unhashed
- Pepecoin shorts lose millions as PEPE jumps to nearly $1B valuation - Coindesk
- Alibaba cloud builds Metaverse launchpad on Avalanche - Cryptopotato
- Israel has seized 190 Binance accounts with alleged terrorist ties since 2021 - Coindesk
- Cardano Primed for Meteoric Surge as First Hydra Head Opens on Mainnet - ZyCrypto