VanEck subsidiary MarketVector has started an index based on the performance of the top six meme coins. The MarketVector’s Meme Coin Index, which trades under the symbol MEMECOIN, is up 195% on a yearly basis. For comparison, the CD20 is up 97% during the same period. MEMECOIN tracks Dogecoin, Shiba Inu, Pepe, dogwifhat, Floki Inu and BONK, which account for nearly $47 billion of the total meme coin market cap of $51 billion, according to CoinGecko. While they unashamedly represent the lighter side of the cryptocurrency market, some commentators believe that meme coins could continue to show impressive returns due to low fees on Solana allowing traders to make small bets for potentially large profits.
New York Steps Up with First-of-Its-Kind AI Safety Legislation
TLDR: New York becomes the first state to pass a comprehensive AI safety bill targeting frontier AI models. The RAISE...
