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Pepe Coin PEPE/USD has seen an 8% increase in the last 24 hours, outperforming popular meme-based cryptocurrencies like Dogecoin DOGE/USD and Shiba Inu SHIB/USD .

What Happened: Data from Coinmarketcap shows that Pepe Coins daily trading volume has skyrocketed by over 140% during this period. What was once a daily trading volume of $60 million on Monday has now surged to over $145 million on Tuesday.

While Pepe Coin has been gaining momentum, Shiba Inu experienced a 6% rise, trading at $0.00000953, and Dogecoin saw a modest gain of 1.61% as it traded at $0.0075.

See More: A Stay At The Floating Palace From James Bond's Octopussy

Why It Matters: An analysis conducted by on-chain tracker IntoTheBlock reveals some interesting statistics about Pepe Coin. It indicates that only 29% of all PEPE investors are currently in a profitable position. Additionally, a mere 5% of token holders bought their coins at a price similar to the current trading value, placing 63% of all holders in a losing position.

As for its market value, $1,20 worth of PEPE currently buys 1 million meme tokens, potentially transforming holders into PEPE millionaires. At the time of writing, PEPE is trading at $0.000001187.

Photo Courtesy: Shutterstock.com

Read Next: Bitcoin, Ethereum, Dogecoin Traded Mixed Amid CRV Hack Drama: Analyst Says King Crypto Screaming Up As Halving Draws Near

Join Benzingas Future of Digital Assets in NYC on Nov. 14, 2023, to stay updated on trends like AI, regulations, SEC actions & institutional adoption in the crypto space. Secure early bird discounted tickets now!

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Sports

Scherzer has eyes on winning title with 3rd team

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Scherzer has eyes on winning title with 3rd team

TORONTO — Max Scherzer joined the Toronto Blue Jays convinced he can win a World Series with a third team following titles with Washington and Texas.

“Winning cures everything,” the 40-year-old right-hander said Friday, three days after his $15.5 million, one-year contract was announced. “All you need to do to wake up in the morning is to have that drive to win, and the rest kind of takes care of itself.”

A three-time Cy Young Award winner, Scherzer was 2-4 with a 3.95 ERA last year for the Rangers. He started the season on the injured list while recovering from lower back surgery and was on the IL from Aug. 2 to Sept. 13 because of shoulder fatigue. He didn’t pitch after Sept. 14 because of a left hamstring strain.

Scherzer feels healthy.

“Normal ramp-up kind of in the lifting, normal ramp-up in the throwing, right where I need to be in terms of my bullpen progression,” he said during a Zoom news conference. “So I’m looking to come in here into spring training at full tilt.”

He joined a rotation projected to include José Berríos, Kevin Gausman, Chris Bassitt and Bowden Francis.

“The backbone of any team is always the starting rotation,” Scherzer said. “It doesn’t matter how much offense you got, if you don’t have a starting staff, you’re always going to be in trouble if you don’t have starters going out there and eating innings.”

Scherzer learned about the current Blue Jays when he spoke with Bassitt, a New York Mets teammate in 2022, and assistant hitting coach Hunter Mense, a University of Missouri teammate from 2004 to 2006.

“Just understanding how the team is, how the organization is, how they treat the families and how the guys on the team are, where the state of the organization is, how they want to improve,” Scherzer said. “I had a good chat with those guys how the Blue Jays handle everything and felt like this was going to be a fit.”

A Florida resident, Scherzer had geography in mind when considering teams.

“First and foremost is kind of staying here on the East Coast, especially with my family here in Florida. The kids are in school,” he said. “That makes it very easy to be able to get back and forth, be able to see them and have them be able to travel in, as well.”

Scherzer is 216-112 with a 3.16 ERA over 17 seasons with 3,407 strikeouts in 2,878 innings. His average fastball velocity dropped from 94.7 mph in 2020 to 92.5 mph last year.

“I still feel I can pitch at a very high level here. I frankly got all the pitches to be able to navigate a lineup,” he said. “It’s not about throwing 98. If you can throw 94, 95, you can get a lot of people out.”

He limits his use of analytics.

“There’s too much data, actually,” he said. “What we’re talking about with pitching now, I actually completely disagree with. And so, for me I understand what I do well, what I need to look at, what I actually need to be thinking about in terms of all my pitches, in terms of everything I’m doing … there’s some data that’s good, but a lot of data is bad.”

Though Scherzer spent parts of parts of nine seasons in the NL East, this will be his first time in the AL East.

“You got five teams that can all beat each other up. So, that’s the good news,” he said. “When you’re in a highly competitive division, that only makes you better. … It makes you battle-tested.”

Vladimir Guerrero Jr. negotiations are ongoing, meanwhile. The star first baseman has said he won’t negotiate a long-term contract after Toronto starts full-squad workouts Feb. 18.

The 25-year-old, a four-time All-Star, has a $28.5 million, one-year contract and can become a free agent after the World Series.

“You all know our desire to have him here for a long time, and we’ll continue to work towards that,” Blue Jays general manager Ross Atkins told reporters during the news conference.

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Sources: Mancini, D-backs agree to new deal

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Sources: Mancini, D-backs agree to new deal

Veteran first baseman/outfielder Trey Mancini and the Arizona Diamondbacks are in agreement on a minor league contract with an invitation to spring training, sources told ESPN, launching a comeback for the 32-year-old who sat out the 2024 season.

Mancini, who has played parts of seven major league seasons, missed 2020 after being diagnosed with stage 3 colon cancer. He returned to the Baltimore Orioles in 2021 before being traded to the Houston Astros the next season and signing with the Chicago Cubs in 2023.

After signing with the Miami Marlins last year, Mancini was released toward the end of spring training and did not play the rest of the season. He continued working out in Nashville and will compete for a job with the Diamondbacks, who had the best offense in baseball last year and traded for Josh Naylor to play first base, with incumbent Christian Walker signing a three-year, $60 million free agent contract with Houston.

For half a decade, Mancini was a powerful right-handed presence in the middle of Baltimore’s lineup. In 831 career games, he has 129 home runs and 400 RBIs, hitting .263/.328/.448 with a 110 OPS+.

Drafted in the eighth round out of Notre Dame in 2013, Mancini debuted in 2016 and by 2017 was a full-time player, splitting time between first and left field. His best season came in 2019, when he hit .291/.364/.535 and finished sixth in the American League with 75 extra-base hits (including 35 home runs) and 322 total bases.

Mancini will have plenty of competition for a roster spot. In addition to Naylor, Arizona has a loaded outfield, with Corbin Carroll, Lourdes Gurriel Jr., Jake McCarthy, Pavin Smith, Randal Grichuk, Alek Thomas as well as non-roster invitations for Garrett Hampson and Cristian Pache.

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Environment

Renewables provided 90% of new US capacity in 2024 – FERC

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Renewables provided 90% of new US capacity in 2024 – FERC

Renewable energy – solar, wind, geothermal, hydropower, biomass – accounted for more than 90% of total US electrical generating capacity added in 2024, according to data released yesterday by the Federal Energy Regulatory Commission (FERC) and reviewed by the SUN DAY campaign.

Solar alone accounted for over 81% of the new capacity. Moreover, December was the 16th month in a row in which solar was the largest source of new capacity.

Renewables made up the lion’s share of new generating capacity in December and in 2024. In its latest monthly “Energy Infrastructure Update” report (with data through December 31, 2024), FERC says 105 “units” of solar totaling 4,369 megawatts (MW) came online in December, along with two units of wind (324 MW) and two units of biomass (45 MW). Combined, they accounted for 86.9% of all new generating capacity added during the month. Natural gas provided the balance: 717 MW.

During the full 2024 calendar year, solar and wind added 30,816 MW and 3,128 MW, respectively. Combined with 213 MW of hydropower, 51 MW of biomass, and 29 MW of geothermal steam, renewables accounted for 90.5% of added capacity. The balance consisted of the 1,100 Vogtle-4 nuclear reactor in Georgia, plus 2,428 MW of natural gas, 13 MW of coal, 11 MW of oil, and 28 MW of “other.”

Solar was 80.1% of new capacity in December and 81.5% during 2024. Solar accounted for 81.5% of all new generating capacity placed into service in 2024 – 50% more than the solar capacity added in 2023.

In December alone, solar comprised 80.1% of all new capacity added.

New solar capacity added in 2024 is almost nine times that added by natural gas and nuclear power combined.

Solar has now been the largest source of new generating capacity added each month for 16 months straight, from September 2023 – December 2024.

Adjusting for the differences in capacity factors among solar, nuclear, and natural gas, the new solar capacity added in 2024 is likely to generate seven times as much electricity as the new nuclear capacity and about five times as much as might be expected from the new natural gas capacity.

Solar + wind are now almost 22% of US utility-scale generating capacity. New wind accounted for much of the balance (8.3%) of capacity additions, which is more than either the new natural gas capacity (6.4%) or nuclear power capacity (2.9%).

Taken together, the installed capacities of just solar (10.2%) and wind (11.7%) now constitute more than one-fifth (21.9%) of the US’s total available installed utility-scale generating capacity.

However, approximately 30% of US solar capacity is in the form of small-scale (e.g., rooftop) systems that aren’t reflected in FERC’s data. Including that additional solar capacity would bring the share provided by solar + wind closer to a quarter of the US total.

With the inclusion of hydropower (7.7%), biomass (1.1%), and geothermal (0.3%), renewables now claim a 31.0% share of total US utility-scale generating capacity. If small-scale solar capacity is included, renewables are now about one-third of total US generating capacity.

Solar’s share of US generating capacity is now 10x greater than a decade ago. As noted, by the end of 2024, solar and wind accounted for 10.2% and 11.7%, respectively, of all installed utility-scale generating capacity in the US, while the mix of all renewables accounted for 31.0%.

In December 2023, FERC reported that solar and wind were 7.9% and 11.7% of installed capacity while the mix of all renewables provided 29.0%.

Five years ago (December 2019), FERC released data showing solar and wind to be 3.5% and 8.5% of total capacity while all renewables combined were 22.1%.

A decade ago (December 2014), FERC reported that solar and wind were 1.0% and 5.5% of total capacity, while the combination of all renewables accounted for 16.6% of capacity.

Solar will soon become the second-largest source of US generating capacity. FERC reports that net “high probability” additions of solar between January 2025 and December 2027 total 91,558 MW – an amount almost four times the forecast net “high probability” additions for wind (23,601 MW), the second-fastest growing resource. FERC also foresees growth for hydropower (1,345 MW), geothermal (90 MW), and biomass (61 MW).

Taken together, the net new “high probability” capacity additions by all renewable energy sources would total 116,655 MW, with solar comprising over 78% and wind providing another 20%.  

On the other hand, there is no new nuclear capacity in FERC’s three-year forecast, while coal, oil, and natural gas are projected to contract by 23,925 MW, 2,293 MW, and 833 MW, respectively.

If FERC’s current “high probability” additions materialize, by January 1, 2028, solar will account for nearly one-sixth (16.1%) of the US’s installed utility-scale generating capacity. That would be greater than either coal or wind (both 12.6%) and substantially more than either nuclear power or hydropower (both 7.3%).

In fact, assuming current growth rates continue, the installed capacity of utility-scale solar is likely to surpass coal and wind within the next two years, placing solar in second place for installed generating capacity, behind natural gas.

Meanwhile, the mix of all renewables is now adding about two percentage points each year to its share of generating capacity. Thus, by January 1, 2028, renewables would account for 37.3% of the total available installed utility-scale generating capacity – rapidly approaching that of natural gas (40.2%) – with solar and wind constituting more than three-quarters of the installed renewable energy capacity.

All renewables combined are on track to exceed natural gas within three years. As noted, FERC’s data don’t account for the capacity of small-scale solar systems. If that’s factored in, within three years, total US solar capacity could surpass 320 GW. In turn, the mix of all renewables would then exceed 40% of total installed capacity while the share of natural gas share would drop to about 37%.

Moreover, FERC reports that there may actually be as much as 222,443 MW of net new solar additions in the current three-year pipeline in addition to 68,815 MW of new wind, 8,659 MW of new hydropower, 199 MW of new geothermal, and 127 MW of new biomass. By contrast, the net new natural gas capacity potentially in the three-year pipeline totals just 19,438 MW. Thus, the share of renewables share could be even greater by early 2028.

“For more than a decade, renewable energy sources – led by solar – have dominated growth in US generating capacity,” noted the SUN DAY Campaign’s executive director Ken Bossong. “Consequently, efforts by the Trump Administration to reverse this trend are both illogical and likely to fail.” 

Electrek’s Take

FERC’s latest data further illustrates how utterly ridiculous Trump’s “national energy emergency” executive order is. The steady growth of clean energy, which has kept large energy markets like Texas out of trouble during weather events, disproves Trump’s claims that the US clean energy supply is “precariously inadequate and intermittent.”

Further, his refusal to even define solar and wind as “energy” in that executive order isn’t going to stop their progress, and both he and his new secretary of energy, Chris Wright, telling lies about renewables isn’t going to make them any less clean, affordable, or reliable.

Read more: Thanks to wind and solar, Texas has kept the power on and the costs down


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