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Memecoin trader makes $800K in an hour, Crypto.com surpasses Coinbase in trading volume

Memecoin trader makes $800K in an hour, Crypto.com surpasses Coinbase in trading volume

Aug 02, 2024 Season 1 Episode 186 7 min 42 sec
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It’s been a difficult 24 hours for Bitcoin, with long positions wiped out left and right, getting August off to a rough but familiar start. Nevertheless, BTC miner Bitfarms is raking in 34% more Bitcoin since it began upgrading its fleet of mining rigs. Elsewhere, Crypto.com overtakes Coinbase in trading volume, Bybit halts operations in France, and one trader made $800,000 on a new Solana-based memecoin — but is there more to the story?

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Rise’n’Crypto is Cointelegraph’s daily podcast covering all the latest major news in crypto, blockchain and Web3 in under 15 minutes. We keep you up to date on all the significant events surrounding Bitcoin, Ethereum, ETFs, regulation and more — all while providing a well-rounded recap of the undiscovered news from the past day. Yesterday’s big stories, today’s essential insights.

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