Editor's PiCK

[Today's Global Interest Coins] Bitcoin, Fartcoin, Luce, and Others

Source
Uk Jin

Summary

  • Bitcoin surpassed $88,000, raising investors' expectations.
  • Meme coin Fartcoin rose 12%, making it into the top 5, while Luce surged by about 200%.
  • Concerns among investors increased as Coinbase faced a lawsuit over offering unregistered securities.

According to the top gainers of the Token Mindshare (a metric quantifying the influence of specific tokens in the virtual asset market) on the AI-based Web3 search platform Kaito, the top 5 keywords related to virtual assets that people are most interested in as of the 23rd are Bitcoin (BTC), Fartcoin, Luce, USDC, and Coinbase.

The leading virtual asset, Bitcoin, surpassed $88,000 today, raising investors' expectations. As of 1:30 PM, Bitcoin is trading at $88,254, up 1.29% from the previous day according to CoinMarketCap. Analysts suggest that the background of Bitcoin's rise today is due to President Donald Trump's continued pressure on Federal Reserve (Fed) Chairman Jerome Powell. Trump's demand for Powell to cut interest rates significantly depreciated the dollar's value, leading to a surge in demand for gold, a safe asset, and Bitcoin, known as 'digital gold.'

Despite public concerns, President Trump seems unfazed. Last night, he stated on Truth Social, "If 'Mr. Too Late' (meaning someone who always makes decisions too late) and a major failure does not cut rates, there could be an economic slowdown," adding, "Many are calling for a preemptive rate cut. Europe has already cut rates seven times, but Powell is too late."

In second place is the fart meme coin, Fartcoin, which rose 12% during the day, breaking through $1 again. It has the highest increase rate among major meme coins. With today's rise, Fartcoin has made it into the top 5 meme coins, surpassing Floki and Bonk.

Luce took third place. Luce also showed a sharp rise of about 200% during the day, capturing investors' attention. Around 6 PM the previous day, Luce's value skyrocketed by 200% in just 20 minutes, reaching $0.026 in an instant. It is currently trading at $0.013 (+52.09%), with the increase slightly reduced.

USDC took fourth place. It is analyzed that the mention of USDC increased as news broke that its issuer, Circle, is preparing a new business. Previously, the virtual asset specialized media CoinDesk reported that Circle plans to unveil a new payment and cross-border remittance product at its New York headquarters on the 22nd. The product is known to be a service targeting banks, payment institutions, fintech companies, and USDC partners.

The last in fifth place is the virtual asset exchange Coinbase. Concerns among investors arose as Oregon Attorney General Dan Rayfield filed a lawsuit against Coinbase. Rayfield reportedly filed the lawsuit, claiming that Coinbase offered and sold virtual assets classified as unregistered securities as investment contracts. The virtual assets he classified as unregistered securities include a total of 31, such as XRP, ADA, UNI, SOL, and AVAX.

In addition, investors were found to be interested in XRP, Hyperrain, Binance Coin (BNB), Pendle, and Avalanche.

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Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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