Crypto

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STEP Token Burn Reaches 41% Of Total Supply As Project Prioritizes Value Accrual

Yesterday, the STEP project executed its final planned token burn for 2024, incinerating 49.6 million STEP tokens—equivalent to 12% of the total supply. This burn involved tokens accumulated over the past four months, with approximately 51 million STEP purchased from the open market through strategic buybacks. Following this burn, the […]

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Cardano’s Soaring NVT Ratio Signals Possible Price Correction Amidst Decreased On-Chain Activity

Cardano’s Network Value to Transactions (NVT) ratio has recently spiked to its highest level since June, signaling a concerning trend: on-chain activity has slowed relative to ADA’s price growth. This heightened NVT ratio is often viewed as a classic sign of overvaluation, and it’s particularly noteworthy in light of ADA’s […]

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Ripple Set To Replace SWIFT As MasterCard Eyes XRPL Integration; CTF Token Poised For Massive Growth

MasterCard’s CEO has announced Ripple’s anticipated replacement of SWIFT, with integration talks for the XRP Ledger (XRPL) already in progress. This development could fundamentally reshape the future of cross-border payments and amplify XRPL’s role in the global financial ecosystem. Amid these advancements, the CTF token—the leading DeFi token on the […]

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WazirX Hack: From India’s Leading Exchange To Its Most Controversial

The journey of WazirX, India’s top crypto exchange, took a dramatic turn on July 18, 2024, as hackers breached its multi-signature wallet, stealing around $235 million—nearly 45% of the platform’s reserves. Cyvers Alerts initially detected the intrusion, where the attackers exploited WazirX’s wallet, which required four out of six signatures […]

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Ethereum ETFs On The Rise: Grayscale’s Leadership, Growing Investor Confidence, And Market Maturity

As cryptocurrency integrates deeper into the financial mainstream, Ethereum (ETH) has evolved beyond a digital asset to a favored choice among institutional investors. Grayscale’s dominance in Ethereum-based exchange-traded funds (ETFs) is particularly notable, with its ETHE fund controlling a substantial 56.98% share of the Ethereum ETF market. Grayscale’s 1,606,070 ETH […]

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Animoca Brands Withdraws $4.95 Million In $SAND From Binance Amid Market Fluctuations

Animoca Brands, the developer behind The Sandbox, has recently withdrawn $20 million worth of $SAND tokens from Binance, amounting to approximately $4.95 million. This transaction occurred in two separate batches, with the first withdrawal taking place around 17 hours ago. Subsequently, the tokens were transferred to a new address, 0x3Ac…a9192, […]

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Tokenomics Insights: Unpacking the Distribution Models Of $TIA, $SUI, $ARB, And $OP

In the cryptocurrency space, each project has a distinct approach to token distribution, reserves, and investor relations. By examining the tokenomics of $TIA, $SUI, $ARB, and $OP, we can better understand how these projects aim to create sustainable ecosystems and manage circulating supply effectively. Unlocked Allocation Each project uses unlocked […]

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Babylon Protocol Achieves New Milestone With $1.6 Billion In Staked Bitcoin

Babylon Protocol has reached a major milestone by successfully completing its second staking round, signaling strong momentum in the Bitcoin staking ecosystem. On October 8th, Babylon significantly boosted its staked Bitcoin holdings, increasing deposits from 1,000 BTC to 24,000 BTC—valued at approximately $1.6 billion. This remarkable growth highlights the platform’s […]

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Top Blockchains By Staking Yield: Cosmos Leads, Followed By Polkadot And Tezos

In a recent study by CoinGecko, Cosmos emerged as the blockchain offering the highest staking yield, rewarding participants with up to 18.5% returns. This high yield comes with a staking ratio of 59%, reflecting significant community involvement, as approximately 248.8 million $ATOM tokens are currently staked. Cosmos’s robust staking appeal […]

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AI Memecoins Surge As Market Cap Hits $2.438T And Stripe Expands Through $1.1B Acquisition

This week, AI-themed memecoins stole the spotlight in the cryptocurrency market, with the overall market cap reaching $2.438 trillion. Leading the pack, the $GOAT token surged by 173%, propelling its valuation to $940 million within two weeks. This explosive growth underscores the strong narrative surrounding AI-driven tokens, with major exchanges […]