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Pepe memecoin hits record high but risks a brutal 40% crash 

Pepe (PEPE), the memecoin inspired by the infamous internet frog, has soared to new heights, achieving a record high in recent trading. However, this meteoric rise is shadowed by predictions of a potential 40% crash in the coming month.

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Pepe (PEPE), the memecoin inspired by the infamous internet frog, has soared to new heights, achieving a record high in recent trading. However, this meteoric rise is shadowed by predictions of a potential 40% crash in the coming month.

The surge in PEPE’s value comes amidst a wave of enthusiasm for memecoins, driven by social media hype and speculative trading. PEPE has seen significant gains as traders seek the next big opportunity in the volatile cryptocurrency market. The memecoin’s recent performance has captured the attention of both retail and institutional investors, fueling further interest and investment.

Despite the bullish sentiment, market analysts caution that PEPE’s rapid ascent may not be sustainable. Technical indicators and market dynamics suggest that the memecoin could face a sharp correction. The potential for a 40% downturn in June has been highlighted by experts, pointing to overbought conditions and the inherent volatility of memecoins.

Historical data on similar assets shows that such speculative surges are often followed by significant pullbacks. Investors are advised to exercise caution and consider the risks associated with trading highly volatile assets like PEPE. The memecoin’s performance will likely depend on market sentiment, social media trends, and broader cryptocurrency market movements.

As PEPE continues to attract attention, the cryptocurrency community remains divided on its long-term prospects. Proponents argue that the memecoin has created a unique niche and community, while skeptics warn of the speculative bubble that could burst at any moment.

In the coming weeks, the cryptocurrency market will be closely watching PEPE’s price movements. Whether the memecoin can sustain its record highs or succumb to a predicted crash remains to be seen. Investors are encouraged to stay informed and vigilant as they navigate the unpredictable waters of the cryptocurrency market.

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7-Eleven South Korea to accept CBDC payments in national pilot program

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7-Eleven is set to participate in the testing phase of a central bank digital currency (CBDC) initiative, running from April to June. The retail giant’s involvement highlights the growing push for digital currency integration in everyday transactions.

The pilot program will assess the feasibility of CBDC payments at 7-Eleven stores, allowing customers to make purchases using the digital currency. The initiative is part of a broader effort to explore the real-world application of CBDCs in retail environments, potentially shaping future payment systems.

As central banks worldwide accelerate their digital currency research, private sector collaboration is seen as crucial for widespread adoption. If successful, 7-Eleven’s participation could pave the way for broader CBDC usage across retail and commercial sectors.

The outcome of the testing phase will provide valuable insights into consumer adoption, transaction efficiency, and potential regulatory considerations, influencing how CBDCs are integrated into mainstream financial systems.

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SEC and Gemini ask to pause lawsuit to explore ‘potential resolution’

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The U.S. Securities and Exchange Commission (SEC) and crypto exchange Gemini have agreed to pause legal proceedings as both sides explore a potential resolution to their ongoing lawsuit. The move signals a possible settlement in the high-profile case, which centers around Gemini’s now-defunct Earn program.

The SEC initially sued Gemini, alleging that the Earn program—designed to offer users yield on crypto deposits—operated as an unregistered securities offering. Gemini has pushed back against the claims, arguing that its operations complied with regulatory standards.

By pausing litigation, both parties may be looking for a compromise that could set a precedent for crypto lending products in the U.S. A settlement could also provide regulatory clarity for similar platforms navigating SEC scrutiny.

While the outcome remains uncertain, the crypto industry is closely watching the case, as its resolution could impact future enforcement actions and the broader regulatory approach toward digital asset lending services.

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GameStop finishes $1.5B raise to add Bitcoin to its balance sheet

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GameStop has successfully completed a debt offering, raising capital that may be used to acquire Bitcoin, signaling the company’s deeper foray into digital assets. The move aligns with its broader strategy to diversify beyond traditional retail operations and into emerging financial technologies.

While GameStop has not confirmed the exact allocation of the funds, market speculation suggests that a portion could be used to buy Bitcoin, following in the footsteps of companies like MicroStrategy. The potential investment would reinforce GameStop’s ongoing pivot toward blockchain and digital assets, an effort that began with its NFT marketplace and crypto-related initiatives.

Analysts see this development as part of a growing trend of corporations exploring Bitcoin as a reserve asset amid concerns over inflation and monetary policy. If GameStop proceeds with the acquisition, it could further validate Bitcoin’s role as a strategic investment for publicly traded companies.

The company’s board will ultimately decide how the newly raised capital is deployed. Investors and the broader crypto market are watching closely for any official announcements regarding GameStop’s Bitcoin strategy.

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