New Leader in meme coin industry

LAIKA Sets Standard for 2024: Ideal Meme Coin Model

Author

Yash Bansal
July 15, 2024

Good morning, Coin Discoverers!

CRYPTO

  • BTC: $60,052.40 (+1.20%) YTD (+35.95%)

  • ETH: $3,187.38 (+0.34%) YTD (+35.47%)

  • BNB: $536.62 (+0.71%) YTD (+70.95%)

*Crypto numbers as of 5:00 am EST on July 15th

Bitcoin ETFs hit $300M inflow

After a six-day streak of net inflows starting July 5, U.S. spot bitcoin ETFs set a new record with cumulative total net inflows of $15.81 billion, per SoSoValue.

The funds have gained over $1 billion in assets during the six-day streak. Friday, the most successful day since June 5, saw $310 million in net inflows for spot bitcoin ETFs.

The inflows were primarily driven by BlackRock's IBIT, the largest spot bitcoin ETF, which gained $120 million on Friday. Fidelity's FBTC followed closely with $115 million.

It will leads the way

This year, the meme coin market has surged significantly, yet many projects are riddled with scams and vulnerabilities, casting doubt on their longevity. Notably, Solana witnessed the launch of nearly half a million tokens last month, underscoring the rapid expansion of meme coins.

Amidst the wave of new tokens, a few meme coins are aiming to transcend the hype by creating ecosystems with real value and utility. One notable project making significant progress is LAIKA.

Repaying Mt. Gox Bitcoin Debt: The Path to Recovery

Mt. Gox, once the world's largest Bitcoin exchange, closed in 2014 following extensive BTC thefts.

Following the recovery of 140,000 BTC by authorities in 2023, repayments to Mt. Gox users have commenced.

Hamster Kombat Launches Airdrop Phase 1

Hamster Kombat, a Telegram game with 200+ million players, prepares for its July token launch with an exciting airdrop campaign. Task 1, starting June 8, requires linking your TON wallet—this guide ensures you're set to join and boost your in-game rewards.

The tap-to-earn game has gained global acclaim, particularly in Nigeria, Iran, and Russia. Its popularity has fueled memecoins like Hamester Wif Hat, ranked among the top 5 in Africa per Coinmarketcap's H1 2024 report.

STOCKS

  • DOW: 40,000.90 (+0.62%) 

  • S&P: 5,615.35 (+0.55%)

  • NASDAQ: 18,398.44 (+0.63%)

*Stock numbers as of market close on July 12th

IMF reports emerging market capital inflows rebound to levels last seen in 2018

On Friday, the International Monetary Fund reported that gross capital inflows into emerging markets, excluding China, reached $110 billion in 2023, amounting to 0.6% of their economic output—the highest level since 2018.

According to the IMF's External Sector Report, the findings highlight resilience in emerging markets amidst increased U.S. interest rates, which have attracted funds to dollar assets, shedding new light on currencies, capital flows, and financial imbalances.

Google parent company in advanced negotiations to acquire cybersecurity startup Wiz for $23 billion

Alphabet, Google's parent company (GOOGL.O), is in advanced discussions to acquire cybersecurity startup Wiz for around $23 billion, according to a source familiar with the matter who spoke to Reuters on Sunday.

Should Alphabet proceed with acquiring Wiz, it would represent its largest-ever acquisition and a notable instance of a major tech firm pursuing a significant deal amidst increased regulatory oversight during President Joe Biden's administration.

REAL ESTATE

  • 15-year: 6.32%

  • 30-year: 6.82%

*Mortage rates via Mortgage News Daily

The Producer Price Index (PPI) briefly alarmed this week's positive outlook, following yesterday's CPI report, indicating an unexpected rise in core inflation at the wholesale level. Bonds initially reacted with concern but swiftly regained stability.

Fortunately, the factors driving the PPI increase differ from those affecting PCE inflation expected in two weeks. Given PPI's known volatility, multiple surprises would be needed to raise significant concern. As a result, attention remains focused on yesterday's notable CPI results.

TECH

OpenAI whistleblowers urge SEC investigation into alleged restrictive non-disclosure agreements

OpenAI whistleblowers have submitted a complaint to the U.S. Securities and Exchange Commission, requesting an investigation into the company's reportedly restrictive non-disclosure agreements.

"Considering the documented risks associated with AI's irresponsible deployment, we call on the Commissioners to promptly authorize an investigation into OpenAI's past NDAs. Additionally, we urge a review of the company's current efforts to ensure compliance with SEC regulations."

QUICK RECAP 

#1. Hydrogen energy firm Huture announced plans to merge with blank-check firm Aquaron Acquisition Corp (AQU.O), valuing the combined entity at $1 billion.

#2. Global PC market accelerates: AI PCs drive hype, with 3% growth per IDC after 7 quarters of decline.

#3. ConocoPhillips (COP.N) confirmed receiving a second FTC request regarding its $22.5 billion stock acquisition of Marathon Oil (MRO.N).

#4. Russia reduces forex sales requirement: from 60% to 40% for major exporters, citing stabilized exchange rates and improved liquidity.

#5. Canada's main index surged to a record high, marking its best weekly gain since October, up 129.39 points at 22,673.52.