Bittime - The crypto industry continues to grow, especially with many new projects emerging. So, market trends continue to shift. To be able to survive amidst crypto developments, information about crypto is very important. The following are highlights of today's crypto news, May 13, 2024.
Massive Token Unlock This Week
This week, the crypto market will face a massive token unlock! According to data from Token Unlocks, a number of blockchain projects will experience significant token releases in the near future.
There are 11 tokens that will experience token unlocking, including DYDX, STRK, CYBER, AEVO, ARB, APE, IMX, RNDR, MANTA, ROSE, and PIXEL. Unlocking these tokens has the potential to influence prices and overall market movements.
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Roaring Kitty Returns, Some Meme Coins Rise
Today, social media was shocked by the return of the legendary figure Roaring Kitty (Keith Gill), a US retail stock investor who is famous for his role in the phenomenal "short squeeze" movement of GameStop (GME) shares in early 2021.
After disappearing from social media platforms for three years, Roaring Kitty is active again on Twitter (X). He only posted a picture, but the impact was immediately significant.
Several meme coins, such as $KITTY and $GME, immediately skyrocketed. In 24 hours, the price of $KITTY skyrocketed more than 6,000%, or 60 times to be precise. Additionally, the price of $GME recorded a jump of 441% in the last 24 hours.
Many suspect that this price increase was triggered by positive sentiment and speculation that Roaring Kitty may be involved in the $KITTY token project. The $GME price increase was also likely triggered by the return of Roaring Kitty to cyberspace and the nostalgia of retail investors who participated in the GameStop "short squeeze" movement in 2021.
Tether CEO Denies Circulating Negative Issues
Tether CEO Paolo Ardoino responds to the latest negative reports about USDT. He emphasized the transparency of blockchain technology and Tether's cooperation with global law enforcement to meet compliance requirements.
According to Ardoino, USDT leverages blockchain transparency to help law enforcement track suspicious activity. Tether also worked with Chainalysis to block more than $1.3 billion in funds related to fraud, hacking, money laundering and terrorist financing.
Apart from that, Ardoino also shared the latest data regarding Tether's compliance efforts which have so far escaped the media spotlight. In short, the data shows that Tether prioritizes legal compliance, thus dismissing the negative rumors circulating regarding USDT.
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How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
Massive Token Unlock: There are 11 Tokens, Aevo, Arbitrum, and ApeCoin!
The Return of "Roaring Kitty", Prices of Meme Coin $KITTY and $GME Skyrocket!
Tether CEO: USDT Prioritizes Transparency and Complies with Rules!
DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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