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Dogecoin’s dog “Kabuso” dies

Dogecoin’s dog “Kabuso” dies

PLUS: BTC Mimics 2017 RSI

May 24, 2024 • Estimated Reading Time: 8 minutes

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Welcome, Crypto enthusiasts!

Today is indeed a sad day for the crypto community with the Passing of “Kabuso” the dog used as Dogecoin’s meme.

In Today’s Blockstreet Journal:

Dogecoin’s Dog Passes Away
BTC Mimics 2017 RSI
Market Rundown
Top Gainers & Losers
Airdrops & More News

Latest News

DOGECOIN
😥 Dogecoin’s dog “Kabuso” dies

Word On The Street: Kabosu, the beloved Shiba Inu who became an internet sensation as the face of the iconic "Doge" meme and the Dogecoin cryptocurrency, passed away peacefully on May 24. Her owner estimated that she was around 18 years old.

The details:

The news of Kabosu's passing has prompted an outpouring of condolences from the crypto community and fans worldwide.
The meme's popularity skyrocketed in 2013 with the creation of Dogecoin, which used Kabosu's image as its logo.
Kabosu's impact extended beyond the digital realm, influencing political campaigns and cementing her place in the meme movement.

Why it matters: Kabosu's legacy as the face of Dogecoin (DOGE) and her influence on crypto culture will continue to resonate, symbolizing the spirit of community and inspiring future generations of meme creators and enthusiasts. Kabosu's story is a testament to the enduring power of internet culture and the profound impact a single image can have on the world. Her legacy will continue to inspire and bring joy to millions.

BITCOIN
🐂 Bitcoin Mimics 2017 Bull Run

Word On The Street: Bitcoin (BTC) is quietly replicating a significant feature from the 2016 bull market, with a pivotal movement expected to occur at $75,000.

The details:

Bitcoin analysis frequently draws parallels between the current bull cycle and previous ones, especially the cycles of 2016-17 and 2020-21.
While 2024 has already set itself apart by achieving a new all-time high before the block subsidy halving, data indicates that Bitcoin's most substantial gains might still be ahead.
BTC/USD is still rangebound, with some analysts predicting a potential drop back to $60,000 or even lower.

Why it matters: Bitcoin's current price dynamics and technical indicators suggest it is mirroring patterns from the 2016 bull market, setting the stage for a potential breakout at $75,000. While short-term predictions vary, the overall sentiment remains optimistic, with significant upside potential still on the horizon.

Market Rundown

Fear & Greed Index

The global crypto market cap is $2.51T, a 1.26% decrease over the last day.

The total crypto market volume over the last 24 hours is $128.44B, which makes a 13.63% increase. The total volume in DeFi is currently $9.59B, 7.46% of the total crypto market 24-hour volume. The volume of all stable coins is now $119.61B, which is 93.12% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 52.76%, an increase of 0.02% over the day.

Global Market Metrics

As of today, the cryptocurrency market is experiencing the following conditions:

- Total Market Cap: $2.51 trillion USD

- Total 24h Volume: $128.44 billion USD

- Bitcoin Dominance: 52.76%

- Ethereum Dominance: 17.65%

- DeFi Market Cap: $93.04 billion USD

- DeFi 24h Volume: $9.59 billion USD

- Stablecoin Market Cap: $155.29 billion USD

- Stablecoin 24h Volume: $119.61 billion USD

- Derivatives 24h Volume: $898.33 billion USD

Top Gainers & Losers

🚀 Top Gainers

💩 Top Losers

Airdrops & More News

DAILY AIRDROP
📦️ Tea Testnet Airdrop

Tea has raised a total of $ 16.90M in funding from leading investors like Binance and Woodstock Fund and has confirmed to launch “TEA” token. They’ve launched an incentivized testnet campaign where users could earn points for doing the testnet tasks and have also confirmed to airdrop TEA tokens to testnet users based on their points.

Step-by-Step Guide:

Visit the tea testnet page.
Sign up with your Google, Microsoft or GitHub account.
You will get 100 points.
If you have previously signed up, please migrate your account to V2.
You will also get 10,000 testnet tokens automatically.
Go to your profile and connect your GitHub account to get an extra 250 points.
Complete the additional tasks to earn more points.
Also, earn more points from each referral.
There will also be additional testnet challenges where users could earn more points.
They’ve confirmed to airdrop TEA tokens to testnet participants by stating, “Testnet points are planned to become redeemable by eligible persons for blockchain tokens and/or other benefits at a later time“.
For more information regarding the incentivized testnet, see this article.

Other News

CatCoin demands BitForex resolve token withdrawals. CatCoin urged BitForex to respond to its grievances, marking a last-ditch effort before potentially escalating the matter.

Spot Ether ETFs approved, but Gensler didn’t vote for them. Unlike the spot Bitcoin ETFs, spot Ether ETFs were approved by the Trading and Markets Division of the SEC.

Hong Kong exchange folds to regulatory pressure. Gate.HK plans an overhaul to comply with regulations to relaunch services after obtaining the necessary licenses.

US courts will handle Coinbase Dogecoin disputes. Justice Neil Gorsuch emphasized that arbitration is a matter of contract and parties can agree to have an arbitrator resolve threshold arbitrability questions.

🫡 Thanks For Reading

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