What Happened in Crypto Today
On April 17, 2025, a CoinGecko report highlighted that crypto investor interest has largely remained focused on memecoins and AI tokens during the first quarter of 2025, dominating 62.8% of the market. AI tokens took the lead with 35.7% of interest, followed by memecoins at 27.1%. The report suggests a reluctance among investors to explore new narratives, as expressed by CoinGecko's COO Bobby Ong. Interest in memecoins reportedly surged ahead of Donald Trump’s inauguration. Concurrently, Coinbase faced backlash over a token launch related to its blockchain network, Base, which rapidly lost value after an initial surge. Coinbase clarified that it did not officially launch the token, distancing itself from the controversy. Lastly, a U.S. appeals court has granted a 60-day pause in the SEC's case against Ripple amid settlement negotiations, allowing for a status report by June 15.
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