🪙 Crypto News (May 8, 2024):

1️⃣ CoinDesk: Revolut, the neobank with a global client base exceeding 40 million, has unveiled #Revolut X, a cryptocurrency exchange tailored for seasoned traders. 📈

2️⃣ Starknet: The #Starknet Foundation has launched a grant program, earmarking $5 million for distribution. The primary objective is to offer financial backing, up to $25,000 in USDC, to 200 crypto project teams, accelerating the expansion of the Starknet ecosystem. 💰

3️⃣ Lookonchain: An anonymous trader netted over $1.26 million trading the meme coin HAMMY, amplifying their investment by 144-fold. Initially investing 60 SOL ($8673 at the time) at $0.00035 per unit, the asset surged to $0.007 within a month, marking a more than 20-fold increase. However, profits were left unrealized. By May 4, 2024, the trader sold 12.8 million #HAMMY for 2711 SOL ($401,000 at the time), fetching $0.0313 per unit. Presently holding 12 million HAMMY valued at approximately $858,000, the trader's overall profit exceeds $1.26 million. 💸

4️⃣ Forbes: Bancolombia, Colombia's leading bank, has introduced Wenia, a cryptocurrency exchange, alongside COPW, a stablecoin pegged to the peso. The trading platform will support Bitcoin, Ethereum, Polygon, and USDC. Access will be restricted to Colombian citizens residing within the country, with developers eyeing 60,000 users within the platform's inaugural year, poised to rival #Binance and Bitso. COPW, the stablecoin, aims to streamline trader onboarding. 🏦

5️⃣ LocalMonero: After nearly seven years in operation, the team behind the P2P exchange #LocalMonero has opted to shutter its platform. 🚪

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