China continues to control 55% of the global Bitcoin network’s hashrate, despite a ban on crypto mining and trading that has been in effect since 2021.
Meme coins are staging a comeback, led by Moo Deng (MOODENG), a Solana-based asset inspired by the baby pygmy hippo that has taken the internet by storm. With its market capitalization surpassing $100 million, this token has outperformed other leading meme assets over the past 24 hours.
Solana is emerging as one of the most active networks, looking at engagement levels over the past few months. Despite concerns around FTX and whether asset distribution will lead to a dump, bulls are optimistic about what lies ahead.