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Floki plans to initiate a "robust marketing campaign" in Vietnam, commencing on June 17th.
Floki is poised to enter the Southeast Asian market, focusing strategically on Vietnam. With one of the highest cryptocurrency adoption rates globally, the company aims to solidify its presence through an ambitious marketing campaign. Launching on June 17, 2024, in Ho Chi Minh City, Vietnam's financial hub, the campaign targets a city contributing 25% of Vietnam's GDP, despite its population of under ten million. With a GDP per capita exceeding the national average by 2.5 times, the city offers
Bitcoin Slips 3.78% to $66,817 Amid Trader Anxiety Over Upcoming US Inflation Data
Bitcoin, the world's largest cryptocurrency, fell by 3.78% to $66,817 on Tuesday. This drop reflects trader concerns ahead of the release of US inflation data and the Federal Reserve's monetary policy decision. Bitcoin had previously reached an all-time high of $73,798 in March, driven by inflows into dedicated US exchange-traded funds (ETFs). However, it has since struggled to hit new highs. The anticipated inflation data and the Federal Reserve's outlook on Wednesday could heighten fears that
Shiba Inu Coin Burn Rate Surges 3010% as Community Burns 232 Million SHIB
The Shiba Inu coin burn rate skyrocketed by 3010% today amid a recent downtrend, potentially signaling a rebound in SHIB's price due to the decreasing supply, although uncertainty remains. Significant Increase in SHIB Burn Rate During the ongoing bearish market, Shiba Inu (SHIB) has seen a remarkable increase in its token burn rate. According to data from Shibburn, a platform that tracks SHIB token burns, the burn rate surged nearly 3010% on Wednesday, June 12. Over 232 million SHIB tokens were
With Just $75 Million in Assets, How Will Terraform Labs Settle Its $4.75 Billion SEC Fine?
In a significant announcement on Wednesday, Terraform Labs revealed their plan to settle the SEC lawsuit by paying nearly $4.5 billion. This has sparked skepticism within the crypto community, as the bankrupt company only has $75 million in assets under management. Source of the $4.5 Billion Settlement? Ki Young Ju, the founder of CryptoQuant, recently raised concerns about how Terraform Labs will secure such a large sum, equivalent to 64,824 Bitcoin. He questioned whether the money was truly us
Solana (SOL) Price Drops to $148.90 Amid Market Fluctuations and Security Concerns
Price of Solana The current price of Solana (SOL) is $148.90 USD, with a market capitalization of $68.63 billion USD. Over the past 24 hours, Solana has seen a trading volume of $2.77 billion USD and a price decline of 7.47%. The circulating supply is 460.95 million SOL. The price of SOL to USD is updated in real-time.
About Solana (SOL) Solana is an independent Layer 1 blockchain designed to be a fast and efficient network, using a smart contract protocol. Launched in 2020, it is often compare
Bitcoin Dips, Market Climbs: Crypto Cap Reaches $2.64 Trillion
The global cryptocurrency market is experiencing notable fluctuations and developments today. Here are some key updates: Market Overview:The total cryptocurrency market capitalization is approximately $2.64 trillion, marking a 4.27% increase over the last day. Despite this rise, major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have shown mixed performances, with BTC trading around $69,448, down by 2.47% over the past 24 hours (CoinMarketCap) (CoinGecko).Bitcoin's dominance in the
LUNC NEWS: Proposal to update the LUNC burn tax distribution
LUNC News: The Terra Luna Classic community is currently voting on a significant proposal to update the LUNC burn tax distribution. This pay-per-job (PPJ) proposal, which follows the earlier-approved proposal 12098, seeks the community's and validators' approval for the planned changes. Terra Luna Classic Prepares for Burn Tax Changes Popular developer Frag has introduced text proposal 12114, which aims to secure PPJ approval to implement the burn tax distribution changes passed earlier. The pro