1ATH.Studio Altcoin Weekly
Altcoin Carnival: Highlights from a Wild Week
Enjoy the vibrant spectacle of this week’s Altcoin news, filled with ups, downs, and everything in between.
Kabosu, the Dog Behind Dogecoin and Shiba Inu, Passes Away at 17
Kabosu, the cherished Shiba Inu who became the face of Dogecoin and inspired numerous other meme tokens, has passed away at the age of 17. His owner shared the heartbreaking news in a blog post, announcing a farewell party to be held on Sunday, May 26th at Flower Kaori in Kotsu no Mori, Narita City.
Kabosu’s iconic image has left an indelible mark on the world of cryptocurrency and internet culture, ensuring his legacy will be remembered for years to come.
SEC Approves Spot Ether ETFs in Landmark Decision
In a groundbreaking move, the United States Securities and Exchange Commission (SEC) has given the green light to spot Ether exchange-traded funds (ETFs) in the U.S.
On May 23, the SEC approved the 19b-4 filings from VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise. This landmark decision allows these spot Ether ETFs to be listed and traded on their respective exchanges.
Donald Trump Campaign Now Accepts Crypto Donations
Donald J. Trump’s presidential campaign has made waves by becoming the first major party candidate to accept cryptocurrency donations. Following a recent pledge, the campaign now welcomes Bitcoin, Ether, and other digital currencies.
This historic step comes after Trump proclaimed himself “crypto’s candidate” at a Mar-a-Lago gala, integrating digital currencies into the 2024 election campaign and setting a new precedent in political fundraising.
$PEPE Hits New High Amid ETH Price Surge and ETF Speculation
Ethereum-based memecoin $PEPE saw a thrilling surge earlier this week, rocketing 27% to a new all-time high. This impressive jump is fueled by speculation over the potential approval of spot Ether exchange-traded funds (ETFs) in the U.S.
Solana Developer Hospitalized with Third Degree Burns in Stunt to Pump Memecoin
In a shocking turn of events, Mikol, the Solana developer behind the TruthOrDare token (DARE) on Pump.fun, was hospitalized with severe third-degree burns after a risky stunt involving isopropyl alcohol and fireworks went horribly wrong.
Just six days after launching DARE, Mikol was engulfed in flames during a livestreamed event. Despite his friends’ desperate attempts to extinguish the fire with water, Mikol sustained significant injuries and is now receiving treatment in a Miami trauma center.
President Biden Election Campaign is Seeking a Master of Meme
President Biden’s reelection team is on the hunt for a meme maestro to captivate Gen Z voters. The campaign has advertised for a “Partner Manager” to spearhead collaborations with popular online content creators and meme pages, aiming to bring some viral flair to the 2024 election efforts.
Meme of the Week:
Ethereum holders going into the weekend like:
Top Altcoin Gainers and Losers
Altcoin of the Week
ETHEREUM — ETH
COINGECKO: Ethereum is a Proof-of-Stake blockchain that powers decentralized applications (dApps) through smart contracts, without being controlled by a centralized entity. As the first blockchain to feature smart contracts, it has the largest ecosystem of decentralized applications, ranging from decentralized exchanges to crypto lending and borrowing platforms and more.
Ethereum is also home to numerous Layer 2 solutions that offer users a cheaper and faster way to process transactions on the blockchain. Some of these solutions include Arbitrum, which rolls up multiple transactions into a single transaction on Ethereum, and Polygon’s Proof-of-Stake chain, which is a sidechain that runs parallel to the Ethereum blockchain.
Price — $3,799.45
Market Cap — $457,270,673,840
Fully Diluted Valuation — $457,270,673,840
24 Hour Trading Vol — $9,287,367,106
Circulating Supply — 120,134,874
Total Supply — 120,134,874
Max Supply — ∞
