One week before the halving, the Bitcoin network is faced with another wave of hot demand, with some coming from a now familiar source: Ordinals traders. As of Thursday, data from mempool.space shows that Bitcoin users are paying over 90 sats/vByte of block space, placing the average cost of a transaction at $8.50 apiece. Ordinals...Read More
Voyager Digital has announced the recovery of $484.35 million from settlements with FTX, Three Arrows Capital (3AC), and Directors and Officers (D&O) insurance. The announcement was part of a status update submitted to the United States Bankruptcy Court for the Southern District of New York, outlining the efforts to recover and allocate assets to creditors...Read More
[PRESS RELEASE – London, United Kingdom, April 11th, 2024] Metacade, the leading blockchain gaming platform, takes a monumental leap forward with the integration of multi-chains into its ecosystem. This Omni-layer development provides universal application reach, resolving blockchain fragmentation and empowering builders across diverse chains. The rapid integration of the Metacade Tournament Platform with the Base...Read More
[PRESS RELEASE – INDIANAPOLIS, INDIANA, April 11th, 2024] Polkadot Community Fuels Groundbreaking Sports Sponsorship, Showcasing Blockchain’s Transformative Potential Marking a historic first in the sports world, the Polkadot community has used an on-chain community vote to select IndyCar racing star Conor Daly as Polkadot Brand Ambassador for the upcoming Indianapolis 500. This sponsorship represents the...Read More
Edgar Pavlovsky, the founder of MarginFi, announced his resignation on Wednesday following an internal dispute within the protocol’s builder, Mrgn. Pavlovsky’s abrupt exit resulted in withdrawals from investors, causing MarginFi’s Total Value Locked (TVL) to plummet by $120 million. Uninterrupted Operations Pavlovsky announced his resignation from MarginFi, expressing dissatisfaction with internal and external practices. He...Read More
The cryptocurrency market kicked off the week with most of the top cryptocurrencies trading on the green, and XRP is among them, exchanging hands at $0.61 at press time. After analyzing the asset’s monthly chart, Dark Defender – a well-known crypto analyst who commonly breaks down the price action of altcoins – concluded that XRP...Read More
There are more than 7 billion people in the world, and most of them are very hardworking. But there are still a large number of people who cannot even afford food and clothing. People on Wall Street don’t seem to be doing their jobs properly, but new billionaires are born every day. This illustrates a...Read More
Bitcoin’s (BTC) rally back to $70,000 has caused the value of meme coins to increase, making them the most profitable group among altcoins. According to a tweet by Santiment, the meme coin sector has experienced remarkable growth over the past week, regardless of their apparent lack of utility and the crypto community’s unfavorable stance on...Read More
[PRESS RELEASE – Dublin, Ireland, April 11th, 2024] Donk.meme, a Solana-based meme coin has announced the launch of its presale $DONKM token presale. Following the successful trajectories of predecessors like Bonk and Bome, both of which experienced remarkable growth, the Donk.Meme team is eager to try to follow their footsteps. Donk.Meme draws its inspiration from...Read More
Bitcoin is all set to undergo halving later this month. With less than 10 days away, the network has reached yet another crucial milestone. The latest stats compiled by CoinWarz revealed a record-breaking mining difficulty for Bitcoin, peaking at 86.39 trillion. Over the last week, it climbed by 3.92%, and within the last month, it...Read More
UNI whales appear to be in distress as they engage in offloading tokens after Uniswap revealed receiving a notice from the US Securities and Exchange Commission (SEC) that it plans to pursue an enforcement action. Following the development, UNI’s price tumbled to $9.27, extending its monthly losses to over 35%. UNI Whales Sell Tokens The...Read More
Ripple (XRP) Price Analysis Although the XRP price has been maintaining sluggish behaviour, the trend in the long term remains largely bullish. The price has been forming constant higher highs and lows, indicating the growing strength among the bulls. While the short-term prospects display no major variation, the HTF trade set-up displays a huge possibility...Read More
[PRESS RELEASE – DUBAI, UAE, April 11th, 2024] The second installment of BNB Chain’s 2024 Hackathon features a US$470,000 prize pool and the theme of ‘Coding the Future’ Quarterly sponsors of the hackathon include Baby Doge and Holoworld AI BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, today announced...Read More
Grayscale Bitcoin Trust (GBTC) recorded its lowest net outflow of $17.5 million for the first time since its conversion to a spot Bitcoin exchange-traded fund (ETF) on Wednesday, according to Farside Investors data. This follows a statement by Grayscale Investments CEO Michael Sonnenshein that the company’s fund is close to a point of “equilibrium” regarding...Read More
[PRESS RELEASE – Berlin, Germany, April 11th, 2024] Nektar Network – the multilayered Re-staking network is designed to optimize Ethereum’s security model while scaling distributed solutions, paving the way for more decentralized infrastructure. The team behind Diva Staking unveils the Nektar Network, a pioneering restaking ecosystem poised to redefine the Ethereum trust model and extend...Read More
[PRESS RELEASE – Lugano, Switzerland, April 11th, 2024] Hypercube.eco launched its Wateract Token on BitMart.com, a move signaling the start of broader exchange listings. Introducing Wateract, a utility token that utilizes water, the planet’s most vital resource, amongst the changing trends in digital currencies. With this project, Hypercube takes the lead in regenerative tokenization and...Read More
Grayscale CEO Michael Sonnenshein predicted that outflows from the Grayscale Bitcoin exchange-traded fund (GBTC) will stabilize and reach an equilibrium. Grayscale has been facing stiff competition in the spot Bitcoin exchange-traded fund (ETF) market since January, when the U.S. Securities and Exchange Commission (SEC) approved the product. Grayscale CEO Sees Outflows Reducing According to Sonnenshein,...Read More
The U.S. Securities and Exchange Commission (SEC) is cracking down on another corner of the crypto industry, this time targeting one of the biggest players in decentralized finance (DeFi). On Wednesday, the regulator issued a Wells Notice against Uniswap Labs, the company behind the world’s largest decentralized exchange (DEX). Uniswap To Be Sued By SEC...Read More
