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The attention given to memecoins may be driven by the massive gains many projects displayed in the first quarter of 2024.
BTC price strength returns amid bullish signals for Bitcoin and risk assets from the U.S. Federal Reserve and unemployment data.
Wednesday’s inflows totaled $113m, with GBTC’s slowed outflows at $75m, posting its lowest figure since Feb. 26.
The average crypto portfolio is up $2,804 so far in 2024, according to cryptocurrency tax software platform CoinLedger.The unrealized average gains contrast the less than $1,000 in average realized gains for the whole of 2023.
Ripple said it will launch a USD-pegged stablecoin later this year, which it hopes will serve enterprise clients and payment companies.The stablecoin will be backed by “USD deposits, short-term U.S. government treasuries, and other cash equivalents” with “a third-party accounting firm” performing audits.