Newsletter Subject

Memecoin Holders To Get a Regulated Bank Account Soon? 😳

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coinmarketcap.com

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spotlight@newsletters.coinmarketcap.com

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Mon, Mar 25, 2024 11:56 AM

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Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ?

Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌       [CoinMarketCap Spotlight Logo](~/AAQRxQA~/RgRn4-tmP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPWJvOWRxaHZqY2E3OVcDc3BjQgpl_GZmAWZuSnEJUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   It's been a slow burn in the markets this week, with prices hitting the snooze button and trading volumes dipping low. But you know what they say: the news cycle never sleeps, even when the charts are catching some Z's. So, while the price action might be about as exciting as watching paint dry, there are still plenty of developments brewing behind the scenes. And that's where we come in, ready to serve up a hot plate of the latest and greatest from the world of crypto. From memecoin mania to Layer 2 drama, we've got all the tea that's fit to spill. So sit back and get ready to dive into the stories that are shaping the future of finance – one blockchain at a time. But first, let's hit you with the TL;DR of today's top stories: - Polygon's zkEVM network hits a snag 😵 - Bitcoin ETF demand could bounce back on the price dip, says CryptoQuant CEO 📈 - Blast's DeFi farming game Crypto Valleys sows the seeds of success 🌱 - Coinbase's Base network catches fire amidst the memecoin craze 🔥 - Floki Inu reveals its holders can soon create regulated digital banking accounts 🏦 Now that you're up to speed, let's dive deeper into these stories! MARKET OVERVIEW [Globe Icon] GLOBAL MARKET CAP 2.55T ▲3.09% (24H) [24H Icon] 24H MARKET VOLUME $80.94B ▲14.71% (24H) [Bitcoin Icon] BITCOIN’S DOMINANCE 51.61% ▼0.05% (24H)   FEAR & GREED INDEX [Fear & Greed Index] [ALL CRYPTO PRICES/DATA »](~/AAQRxQA~/RgRn4-tmP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPXd4cDhtZzBsMnR4eFcDc3BjQgpl_GZmAWZuSnEJUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [TRENDING CRYPTO »](~/AAQRxQA~/RgRn4-tmP0RFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS90cmVuZGluZy1jcnlwdG9jdXJyZW5jaWVzLz9saWQ9YXNnYmxuYzk1dWJ2VwNzcGNCCmX8ZmYBZm5KcQlSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [NEW LISTINGS ON CMC »](~/AAQRxQA~/RgRn4-tmP0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9uZXcvP2xpZD1weG43dXo4cHoxbGJXA3NwY0IKZfxmZgFmbkpxCVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [TRENDING DEX PAIRS »](~/AAQRxQA~/RgRn4-tmP0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9kZXhzY2FuL3RyZW5kaW5nL2FsbC8_bGlkPW5leHB2ZThiNzJsOVcDc3BjQgpl_GZmAWZuSnEJUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Data as of: 25 Mar 2024 10 AM UTC [Gainer Icon] TOP GAINERS 24H% [Project Icon 4] [WIF](~/AAQRxQA~/RgRn4-tmP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPXc2eHhkY2Z5bzRyaFcDc3BjQgpl_GZmAWZuSnEJUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲25.67% [Project Icon 5] [ICP](~/AAQRxQA~/RgRn4-tmP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPWJxeXNvNWZvenM1bFcDc3BjQgpl_GZmAWZuSnEJUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲24.62% [Project Icon 6] [ONDO](~/AAQRxQA~/RgRn4-tmP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPTY1ZzFsNmgyYWZzaVcDc3BjQgpl_GZmAWZuSnEJUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲16.34% [Loser Icon] TOP LOSERS 24H% [Project Icon] [STX](~/AAQRxQA~/RgRn4-tmP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPWM2eXRzMWY1dDNweVcDc3BjQgpl_GZmAWZuSnEJUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼4.01% [Project Icon 2] [RON](~/AAQRxQA~/RgRn4-tmP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPXRmOHlqZDFmb3lhZ1cDc3BjQgpl_GZmAWZuSnEJUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼2.77% [Project Icon 3] [XMR](~/AAQRxQA~/RgRn4-tmP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPXZic3cwenFoYTgzeVcDc3BjQgpl_GZmAWZuSnEJUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼1.93%   Polygon zkEVM’s Network Outage Polygon's highly anticipated zkEVM rollup solution hit a bump in the road this week, with the Layer 2 network suffering a significant outage that lasted over 10 hours. According to on-chain data and the team's own admission on the bird app, the zkEVM chain ground to a halt on March 23rd, with consecutive blocks failing to be successfully sequenced and added to the network. So, what caused this extended downtime for one of Ethereum's most promising Layer 2 scaling solutions? Is there a risk of it happening again? [Read the full story](~/AAQRxQA~/RgRn4-tmP0R8aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvcG9seWdvbi16a2V2bS1sYXllci0yLXN1ZmZlcnMtbmV0d29yay1vdXRhZ2UtZHVlLXRvLWxheWVyLTEtcmVvcmc_bGlkPWJkb2h3eXV5MGJtdFcDc3BjQgpl_GZmAWZuSnEJUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   ETF Demand Will Go Up If BTC’s Price Goes Down The crypto markets may be feeling the burn of a recent pullback, but one prominent analyst believes the dip could actually be a catalyst for renewed demand in a booming corner of the industry: Bitcoin ETFs. That's right, according to Ki Young Ju, the CEO of on-chain analytics platform CryptoQuant, a sustained drop in Bitcoin's price could set the stage for a resurgence of interest in spot BTC ETFs. And if you're wondering what kind of threshold we're talking about here, well, the data points to heightened interest kicking in around the $56,000 mark – which just so happens to be the approximate on-chain cost basis for many of the new "BTC whales" who've piled into the ETF craze. But what if the price keeps going up? Will the ETF demand go down? Also, what’s the basis of this prediction? [Read the full story](~/AAQRxQA~/RgRn4-tmP0R_aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY3J5cHRvcXVhbnQtZGVtYW5kLWZvci1iaXRjb2luLWV0Zi1jb3VsZC1pbmNyZWFzZS1hcy1idGMtcHJpY2UtZHJvcHM_bGlkPXMzam1kNjBwcThwMVcDc3BjQgpl_GZmAWZuSnEJUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   [CMC Live: Weekly Crypto Forecast](~/AAQRxQA~/RgRn4-tmP0REaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jb21tdW5pdHkvcG9zdC8zMzQ3NzY4MDMvP2xpZD1lNHB3NDVwY3dvZHRXA3NwY0IKZfxmZgFmbkpxCVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) Monday, 25 Mar on 3PM UTC CMC-Community Live: Weekly Crypto Forecast Kick off your week with essential insights into the crypto market. CMC's Research Lead, Alice, will be sharing key highlights to keep an eye on. [JOIN US SOON](~/AAQRxQA~/RgRn4-tmP0REaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jb21tdW5pdHkvcG9zdC8zMzQ3NzY4MDMvP2xpZD03NW4yZjVmb2ZteXNXA3NwY0IKZfxmZgFmbkpxCVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [CMC Live: GAIMIN: AI, Cloud Computing & Gaming](~/AAQRxQA~/RgRn4-tmP0REaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jb21tdW5pdHkvcG9zdC8zMzQ4NjUwOTEvP2xpZD0yZm1oZmo0YTEyeGVXA3NwY0IKZfxmZgFmbkpxCVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) Monday, 25 Mar on 4PM UTC GAIMIN: AI, Cloud Computing & Gaming Join us today with GAIMIN, the top decentralized GPUs provider, exploring their innovative ecosystem powered by GMRX$GMRX token. [SET REMINDER](~/AAQRxQA~/RgRn4-tmP0REaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jb21tdW5pdHkvcG9zdC8zMzQ4NjUwOTEvP2xpZD10OTZwYmc4YTEzbW9XA3NwY0IKZfxmZgFmbkpxCVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   Floki Inu’s Holder Will Have a Regulated Banking Account So the popular Shiba Inu-inspired token is gearing up for an ambitious 2024. They have published a roadmap packed with utility-driven initiatives that could potentially propel FLOKI from meme status to a legitimate financial instrument. One of the standout features on Floki Inu's agenda is the introduction of regulated digital banking accounts – and no, we are not kidding. According to the roadmap, FLOKI holders will soon be able to create and fund actual bank accounts using their memecoin stashes. And we're not just talking about some fly-by-night operation either; Floki Inu has partnered with a licensed fintech firm operating in strategic locations worldwide, from Canada to the UAE. Will it operate just like a normal bank account or will it have limitations? What about DeFi and NFT features? Will it accommodate those too? How legitimate is this idea? [Read the full story](~/AAQRxQA~/RgRn4-tmP0R8aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZmxva2ktaW51LXJlbGVhc2VzLTIwMjQtcm9hZG1hcC1pbmNsdWRlcy1kaWdpdGFsLWJhbmtpbmctYWNjb3VudHM_bGlkPTJ4Ynd1cGR0MW13dVcDc3BjQgpl_GZmAWZuSnEJUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   New DeFi Farming Game’s Big Growth There's a new contender making waves in the world of blockchain gaming, and it's taking root on an unlikely platform – Ethereum's Layer 2 solution, Blast. The game in question? Crypto Valleys, a little farming sim that's drawing comparisons to the once-mighty DeFi Kingdoms while carving out its own unique niche in the GameFi landscape. At first glance, Crypto Valleys might seem like a simple app. Players purchase NFT-based seeds using the game's native YIELD token, plant them, harvest the digital produce, and earn more YIELD in the process. Rinse, repeat, rake in those farming gains. But it's the "gacha" elements – those randomized loot box-esque NFT seed packs with rewards ranging from common to extravagant – that have really been driving the frenzy around this stripped-down agricultural adventure. So how can you play it? And how much are these NFTs being sold in secondary markets? [Read the full story](~/AAQRxQA~/RgRn4-tmP0R-aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvbGF5ZXItMi1ibGFzdHMtZGVmaS1mYXJtaW5nLWdhbWUtY3J5cHRvLXZhbGxleXMtc3VyZ2UtaW4tcG9wdWxhcml0eT9saWQ9b2t0eWNjYXB3Zm83VwNzcGNCCmX8ZmYBZm5KcQlSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)! CMC Crypto Awards 2024: Most Innovative DeFi Project Winner What Is Uniswap? [What Is Uniswap?](~/AAQRxQA~/RgRn4-tmP0RkaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdW5pc3dhcC1sYXVuY2hlcy12NC13aGF0LXlvdS1uZWVkLXRvLWtub3c_bGlkPWl2YnpwOXpocXIxMlcDc3BjQgpl_GZmAWZuSnEJUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Uniswap V4 introduces "hooks" — contracts that run at various points in a pool action's lifecycle. Find out how it works! [READ MORE](~/AAQRxQA~/RgRn4-tmP0RkaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdW5pc3dhcC1sYXVuY2hlcy12NC13aGF0LXlvdS1uZWVkLXRvLWtub3c_bGlkPXJleTYwdWVpYmFmNVcDc3BjQgpl_GZmAWZuSnEJUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   Memecoin Craze Lights a Fire Under Base Network The memecoin mania gripping the markets right now (thanks to Solana’s ecosystem) has been lighting a serious fire under Base, Coinbase's Ethereum layer-2 solution. We're talking about an explosive growth here. Now, we could dive into all the juicy details like the insane TVL numbers and how Base has seemingly wrestled the crown in the memecoin accommodation zone from a certain high-speed blockchain...but where's the fun in that? Instead, we'll let your imagination run wild picturing the depths this story plunges to. Or you can [follow this story here](~/AAQRxQA~/RgRn4-tmP0SOaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYmFzZS1uZXR3b3Jrcy10b3RhbC12YWx1ZS1sb2NrZWQtZG91Ymxlcy10by1kb2xsYXIyYi1kcml2ZW4tYnktbWVtZWNvaW4tc3BlY3VsYXRpb24_bGlkPW9kZW1oaW13NnFubFcDc3BjQgpl_GZmAWZuSnEJUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) to find which memecoins are boosting Base’s TVL to the moon!   That's all for now. Remember: in the world of crypto, the only constant is change. Stay sharp, stay curious, and never stop learning. 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