Zest announced that it has completed $3.5 million in financing led by Tim Draper, with the participation of Binance Labs. Meme coins continue to rise, including the GME Coin of the same name, which was influenced by the rise in GameStop US stocks. And more…
There is news about GME Coin and these 5 cryptocurrencies!
Zest completes $3.5 million financing led by Tim Draper
Bitcoin lending protocol Zest announced that it has completed a $3.5 million financing round led by Tim Draper. Binance Labs, Flow Traders and Trust Machines also took part in the round. Zest Protocol uses the Nakamoto upgrade of Bitcoin’s layer 2 stack and the sBTC (Bitcoin 1:1 pegged) bridge asset to create a lending experience completely native to the world’s largest Blockchain network.
Bitget launches up to 50x leveraged trading for BB
Crypto exchange Bitget will launch BB/USDT contract trading at 19:30 today with a maximum leverage of 50x. Additionally, the exchange will launch spot leverage, strategy and copy trading of BB on May 14 at 12:00 CET.
GameStop-related meme coins like GME Coin are rising
According to current market data, meme coins continue to rise, including the eponymous GME Coin, which has been affected by the rise in GameStop US stocks:
- GME Coin on Ethereum is currently trading at $0.0(5)8920. Moreover, it increased by 55.06% in 15 minutes.
- GME Coin on Solana is currently trading at $0.006335. Moreover, it increased by 22.06% in 15 minutes.
By the way, it should be noted that the relevant meme coins have no real use cases. Prices of such meme coins fluctuate greatly. For this reason, cryptokoin.com We recommend that investors be careful.
Trump Themed Memecoin MAGA is up 60% in a week
Despite the pessimistic mood prevailing in the global cryptocurrency world, some tokens have seen significant rise. Notably, the Trump-themed meme ecoin MAGA (TRUMP) rose a staggering 60% last week. This remarkable rise coincides with statements made by Republican presidential candidate Donald Trump about digital currencies.
These statements were made at a dinner held at Mar-a-Lago on May 8, where Trump met with supporters who acquired Non-Fungible Tokens (NFTs) from the “Mugshot Version” collection. At the meeting, Trump also announced that he was accepting cryptocurrency contributions for his presidential campaign.
XRP increased by 194% in volume
As the Ripple and SEC showdown intensifies, XRP’s trading volume has increased by almost 200%. According to data from CoinGlass, the trading volume of XRP-based derivatives has exploded. Accordingly, transaction volume increased by a staggering 194% in the last 24 hours. This increase in activity underlines a significant rise in monetary terms, with turnover of derivatives on XRP, particularly open-ended futures, rising to $831.89 million. Simultaneously, the altcoin spot market witnessed a strong 130% increase in trading volume. Thus, the total reached an impressive figure of $878.89 million.
Grayscale transferred 1,400 BTC to Coinbase Prime
According to data from on-chain watchdog Arkham, Grayscale recently transferred 1,400 BTC worth approximately $88 million to a Coinbase Prime address. Additionally, Grayscale transferred 1,102 BTC (worth approximately $69.26 million) to a new address.
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