Cryptocurrency News
Justin Drake from the Ethereum Foundation recently shared in an AMA that the foundation’s financial report is forthcoming. Currently, the foundation’s annual expenditure is around $100 million. With approximately $650 million held in ETH reserves and enough fiat reserves to sustain operations for about a decade, the foundation is well-positioned. […]
Fetch.AI (FET) is showing signs of strong investor interest and increasing on-chain activity despite recent market fluctuations. Currently, 48% of wallets holding FET are in profit, while 43% are in loss. This demonstrates a balanced but resilient market for the token. Over the past week, transactions involving amounts over $100,000 […]
The term “blue-chip,” borrowed from traditional finance, has found its place in the DeFi world, referring to governance tokens of top decentralized finance protocols. These tokens, including UNI, AAVE, COMP, MKR, CRV, SNX, LDO, and DYDX, have established themselves as leaders since their launch during DeFi Summer 2020. Uniswap (UNI) […]
In August, the TRON network demonstrated significant growth, processing nearly 230 million transactions, marking a 7.8% increase from July. This surge underscores the ongoing momentum in TRON’s network activity as it continues to expand its footprint in the blockchain space. The @trondao network processed nearly 230 million transactions in August, […]
The TON blockchain has reached a significant milestone, surpassing 1 billion transactions—a testament to the network’s rapid growth and increasing adoption. This achievement comes shortly after TON accomplished its ambitious goal of integrating USDT across more than 100 platforms, a target set earlier this year. TON recently achieved the ambitious […]
In a bold move, Tron founder Justin Sun announced that the SunPump meme token will adopt a “100% on-chain buyback and burn” mechanism, marking a significant shift in the token’s strategy. Moving away from traditional LP token burns, SunPump will now focus entirely on its on-chain buyback and burn process, […]
On August 31, 2024, cumulative daily DEX volume across all chains dropped to $2.58 billion, marking its lowest level since February 4. This significant decline highlights a sharp downturn in on-chain activity, raising concerns about the current state of decentralized exchanges (DEXs). 🚨Report: On August 31, 2024, cumulative daily DEX […]
The platform coin $VISTA made headlines after an astounding surge of 435 times following its online debut. This meteoric rise has placed $VISTA at the forefront of Ethereum’s ecosystem, even propelling the Ethereum main network’s 24-hour gas consumption to the top spot. Ethervista, the platform behind $VISTA, has also outpaced […]
As the new trading week kicks off, several cryptocurrencies have seen a notable rise in social volume, driven by various discussions and community activities. Bitcoin ($BTC) is at the forefront, with significant chatter centered around the challenges currently facing bitcoin miners. Conversations are also focused on potential price dips and […]
Bitcoin traders on Binance are showing a slight bullish inclination, with 51.79% currently holding long positions on $BTC. However, caution is in the air as a recent observation on Bitcoin’s two-month chart by analyst Ali Martinez highlights a potential trend reversal. The Stochastic RSI has shifted from bullish to bearish, […]
The noticeable drop in whale activity across major cryptocurrencies has been evident in recent months. For Bitcoin and Ethereum, peak weeks for transactions over $100,000 reveal a significant reduction in whale engagement. For Bitcoin, whale transactions peaked at 115,100 during the week of March 13-19, 2024. By the week of […]
PolitiFi coins have taken the crypto world by storm in 2024, boasting an impressive 782.4% increase year-to-date, far outpacing the broader meme coin category, which rose by 90.2% during the same period. But what’s driving this surge in PolitiFi tokens? The growing interest in the U.S. political landscape within crypto […]
A prominent early Shiba Inu ($SHIB) investor has recently made a significant move by swapping a large portion of their $SHIB holdings for Fetch.ai ($FET). Over the past 10 hours, the whale exchanged 255.62 billion $SHIB, valued at $3.5 million, for 3.114 million $FET. This shift comes after the whale’s […]
Worldcoin ($WLD) has emerged as a dominant force within the Optimism ecosystem, showcasing remarkable growth over the past year. The number of unique addresses holding $WLD skyrocketed from 477,000 in August 2023 to a staggering 4.7 million by August 26, 2024. This rapid expansion highlights a strong surge in community […]
The cryptocurrency market has experienced a turbulent day, raising questions about the sustainability of Ethereum’s DeFi sector. Bitcoin (BTC) has dropped by 2.73%, settling at $58,000, while Ethereum (ETH) fell by 4.38% to $2,421. These declines come despite hints from Federal Reserve Chair Jerome Powell about potential rate cuts, which […]
According to Lookonchain, Ethereum co-founder Vitalik Buterin made a notable transaction today, transferring 800 ETH, valued at approximately $2.01 million, to a multi-signature wallet. He then exchanged 190 ETH for 477,000 USDC. Buterin has previously stated that he hasn’t sold ETH for personal gain since 2018, opting instead to donate […]
Ripple’s recent strategic alignments with major banks and the potential adoption of its new stablecoin, RLUSD, could signify a transformative moment for XRP’s growth. As Ripple positions itself within the stablecoin market, its latest developments hint at a promising future for both the company and the broader XRP ecosystem. Ripple […]
Kamino Lend has reached a major milestone, generating a total of $26 million in interest for its lenders. This achievement underscores the platform’s growing popularity and the robust returns it offers to users. The majority of the interest earned on Kamino Lend comes from two key assets: USDC and SOL. […]