Block Completes Design for ASIC Chip and New Memecoin Enters Top 100 Largest Coins by Market Cap
Crypto had a choppy weekend, which concluded in prices falling last night. At the time of writing, BTC is down 3.68%, and ETH is down 2.15%. Altcoins were also down across the board, SOL -0.56% is down 4.75%, and ARB -0.08% is down 3.66%. An exception to this market correction is a new meme coin called PEPE which has rapidly made its way into the top 100 coins by market cap. PEPE is up 66.05% today and we discuss it later in this report. Another altcoin that has held up relatively well is BNB, down 2.0% today and rose ~6.0% over the weekend. Binance is holding a launch event for Layer 1 Blockchain SUI 0.46% and in order to participate, users must stake BNB and TUSD tokens to farm SUI over a 2-day period. This as well as other successful Binance Launchpool events this year has been a tailwind for BNB. Traditional markets are mostly flat today, SPX is up 0.16%, and NDQ is down 0.11%.
