Zest announced the completion of a $3.5 million financing led by Tim Draper and joined by Binance Labs. Meme coins continue to rise, including the GME Coin of the same name, which has been impacted by the surge in GameStop US stocks. And more…
News on GME Coin and these 5 cryptocurrencies!
Zest completes $3.5 million financing led by Tim Draper
Bitcoin lending protocol Zest announced the completion of a $3.5 million funding round led by Tim Draper. Binance Labs, Flow Traders, and Trust Machines also participated in the round. The Zest Protocol uses the Nakamoto upgrade of Bitcoin’s layer 2 stack and the sBTC (pegged to Bitcoin 1:1) bridge asset to create a lending experience completely unique to the world’s largest Blockchain network.
Bitget launches up to 50x leveraged trading for BB
Crypto exchange Bitget will launch the BB/USDT contract trading pair today at 19:30 with a maximum leverage of 50x. The exchange will also launch spot leverage, strategy and copy trading of BB on May 14 at 12:00 p.m. PT.
GameStop-related meme coins like GME Coin soar
According to current market data, meme coins continue to rise, including the GME Coin of the same name, which has been affected by the surge in GameStop US stocks:
- On Ethereum, GME Coin is currently trading at $0.0(5)8920. It is also up 55.06% in 15 minutes.
- GME Coin on Solana is currently trading at $0.006335. It has also increased by 22.06% in 15 minutes.
It should be noted that the meme coins in question have no real use cases. The prices of such meme coins fluctuate greatly. Therefore, as Kriptokoin.com, we advise investors to be careful.
Trump Themed Memecoin MAGA, up 60% in a week
Despite the pessimistic mood prevailing in the global cryptocurrency space, some tokens have seen notable gains. In particular, the Trump-themed meme ecoin MAGA (TRUMP) has surged by a staggering 60% in the past week. This remarkable rise coincides with statements made by Republican presidential candidate Donald Trump about digital currencies.
These statements were made at a dinner at Mar-a-Lago on May 8, where Trump met with supporters who had acquired Non-Fungible Tokens (NFTs) from his “Mugshot Version” collection. At the meeting, Trump also announced that he is accepting cryptocurrency contributions for his presidential campaign.
XRP surged 194% in volume
XRP’s trading volume surged by almost 200% as the Ripple and SEC showdown intensified. According to data from CoinGlass, the trading volume of XRP-based derivatives has exploded. Accordingly, trading volume increased by a staggering 194% in the last 24 hours. This surge in activity underscores a significant monetary uptick, with the turnover of derivatives on XRP, especially open-ended futures, rising to $831.89 million. Simultaneously, the altcoin spot market witnessed a strong 130% increase in trading volume. This brought the total to an impressive $878.89 million.
Grayscale transferred 1,400 BTC to Coinbase Prime
According to data from on-chain monitor Arkham, Grayscale recently transferred 1,400 BTC worth approximately $88 million to Coinbase Prime. Grayscale also transferred 1,102 BTC (worth approximately $69.26 million) to a new address.
Follow us on Twitter, Facebookand Instagram, and join our Telegram and YouTube channelto stay up to date with breaking news !
