Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Pepe flips Uniswap’s UNI token and hits a new all-time high, Pavel Durov, the founder of Telegram, was reportedly questioned in a Paris court for the first time on Friday, Dec. 6, regarding a legal case involving allegations of the messenger app facilitating criminal activity, and Coffeezilla has called out “insane headlines” around the “Hawk Tuah” memecoin launch.
Pepe hits new all-time high
The Pepe memecoin hit a new all-time high and flipped Uniswap's UNI token in terms of market capitalization on Dec. 7, as memecoins continue to capture investor attention.
According to data from CoinMarketCap, Pepe recorded 16.8% gains over the past 24 hours and managed to surge by approximately 26% over the past seven days.
Pepe now boasts an impressive market capitalization of over $11 billion and has grown by roughly 18x since the start of 2024.
The frog-themed memecoin experienced a historic rally during November 2024, along with many other cryptocurrencies, following the electoral victory of Donald Trump on Nov. 5.
Telegram founder Pavel Durov questioned in Paris court for first time: Report
Durov appeared in a Parisian court at 10 am CET on Dec. 6, alongside his lawyers David-Olivier Kaminski and Christophe Ingrain.
An anonymous source familiar with the matter told the Agence France-Presse (AFP) that the questioning focused on the allegations tied to Telegram’s potential use for illicit transactions.
When asked about the legal proceedings, Durov reportedly told the AFP that he “trusts the French justice” system but refused to elaborate on the case.
