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The cryptocurrency market had an eventful weekend. Almost every asset in the industry recorded a notable spike. As Bitcoin (BTC) continues to gain and hit new peaks, altcoins are following suit. Amidst this, meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) were seen rising much higher than its counterparts. Also Read: After Massive Surge, Dogecoin On Path to $1? Shiba Inu’s Meteoric Ascent The second largest meme coin managed to beat its counterparts, Tron (TRX) as well as Toncoin (TON), and entered into the coveted top ten. SHIB currently stands as the 10th largest cryptocurrency, with a market cap of $15.64 billion. Alongside this, Shiba Inu witnessed a staggering 56.44% rise over the last couple of days. The asset went from trading at a low of $0.00001681 to a high of $0.00002765. At press time, SHIB recorded a slight setback and was trading at $0.00002652. This comes after an 18% rise over the past 24 hours. Source While the overall market sentiment contributed to this asc...

Also Read: Hong Kong Monetary Authority Plans To Lay Foundations For A Central Bank Digital Currency, Says Report All three coins, Cardano (ADA), Polygon (MATIC), and Solana (SOL), however, did not show any immediate reaction to the news of Robinhood delisting, while the Crypto Market more or less shows a sideways movement, ahead of the US Federal Reserve’s interest rate decision on June 14, 2023. Robinhood Crypto Delisting Although the company did not explicity mention that the reason for delisting is the Coinbase and Binance lawsuits, it is speculated that it is most likely the case. On many occasions in the past, the US SEC had recognized several crypto tokens as securities. In the recent lawsuits, the regulatory agency added as many as 16 new cryptocurrencies to the list of what it deems to be securities, making it a total of 67 tokens. The three cryptocurrencies will no longer be supported on Robinhood crypto from June 27, 2023, the company announced in a statement: ...