alternativeinvestment
The State of Wisconsin’s Investment Board (SWIB) created in 1951 has invested over $160 million in BlackRock’s spot Bitcoin ETF IBIT and Grayscale’s GBTC. The investment marks a move by the US state to adopt the asset alongside other investment vehicles for public pensions and trust funds. A key piece of crypto legislation will soon be put to vote in the Congress, The Financial Innovation and Technology for the 21st Century Act (FIT21). US State of Wisconsin bullish on Bitcoin?The US State of Wisconsin is likely bullish on Bitcoin as the investment board declares an investment of $99 million i...
Invezz
GameStop trader Keith Gill made a return to social media, inspiring a rally in crypto meme coins and “Roaring Kitty” inspired Solana-based meme, ROAR. Data from CoinGecko shows that the return of the investor who spearheaded 2021’s GameStop rally has fueled gains in dog and cat memes and Solana-based meme coins. ROAR posts 3,100% gains as Roaring Kitty returns The euphoria of US stock traders spread to crypto, a meme coin inspired by the legendary trader “Roaring Kitty” has added 3,100% to its value on Monday, as seen on CoinGecko. Gill’s social media post that shows a man leaning forward in h...
Invezz
Meme coins are typically considered more speculative than other altcoins. In the ongoing cycle, meme coins on the Solana and Base chain, top assets by market capitalization like Dogecoin (DOGE), Shiba Inu (SHIB) have yielded massive gains for holders. Colin Wu, Chinese journalist recently reported that 138 meme coins were registered on Coinmarketcap in April 2024, against 18 in April 2023. The meme coin narrative is 4.6 times more profitable than the next best performing crypto narrative Q1 of 2024, supporting the thesis that meme coins are the secret sauce of traders in the ongoing cycle. Why...
Invezz
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