SOL is often cited as a contender to replace ETH eventually. This week’s market action shows how Herculean the task would be. Source
Ether Market Cap Adds Close to an Entire Solana Blockchain in a Single Day
Month: May 2024
Donald Trump-Themed Meme Coins Breed Crypto Millionaires as MAGA Token Surged
The young PoliFi crypto sector, a frontier where politics, finance, and cryptocurrency converge, has minted a new class of millionaires as a token themed after Donald Trump surged in the past few weeks, analysis by on-chain data provider Nansen shows. Source
PEPE soars amid Ethereum ETF optimism as new memecoins prepare to rise
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Pepe price surges on positive Ethereum ETF news, while Galaxy Fox (GFOX) gains traction as a low-cap memecoin on Ethereum. The crypto market experienced a boom at the start of this week, fueled by positive Ethereum ETF news. According to Bloomberg ETF analysts, the odds of a spot Ethereum ETF approval have increased from 25% to 75%. This news sparked a frenzy in the altcoin market, particularly for those…
Policymakers Are Back at Consensus 2024
Consensus, CoinDesk’s annual conference, kicks off next Wednesday in Austin, Texas. We’ll have a number of policymakers and industry participants engaging in the policy world. We have a few sessions on Wednesday, May 29, and Friday, May 31, but the bulk of this will take place on Thursday, May 30, when we hold our annual Policy Summit. Source
Ethereum Co-founder Predicts Supply Crunch And Price Boom
Joseph Lubin, co-founder of Ethereum and CEO of blockchain technology firm Consensys, has expressed that the potential approval of spot Ethereum ETFs by the US Securities and Exchange Commission (SEC) could lead to significant supply constraints for Ether. This development is anticipated to be a “watershed” moment for Ethereum. In an exclusive interview with DL News, Lubin predicted that the approval of spot Ethereum ETFs will unlock substantial institutional demand. Given that many institutions have begun their crypto investments with spot Bitcoin ETFs, Ethereum is naturally the next substantial asset…
Ether ETF Approval Imminent? SEC Asks 3 Exchanges to Amend Filings: Report
The expectation for the approval of an Ether exchange-traded fund (ETF) is heightened as the Securities and Exchange Commission (SEC) asked Nasdaq, CBOE, and NYSE to amend their applications for the crypto instrument by the end of Tuesday, Reuters reported. Bringing Enthusiasm among Crypto Investors Although there is no official confirmation, the regulator’s reported approach to the exchange has sparked enthusiasm in the crypto markets, as the dollar value of Ether has jumped significantly in the past couple of days. Ether ETF hopes are revived on flurry of application updates…
Farcaster Secures $150M in Funding, Reaches $1B Valuation With Backing From Paradigm
Farcaster, a decentralized social media platform leveraging the Ethereum blockchain and Optimism’s Layer two ecosystem, has successfully raised $150 million in a funding round led by Paradigm, bringing its valuation to $1 billion. The funds will be used to sustain the project’s development, focusing on growing its user base and enhancing developer tools, after the […] Source CryptoX Portal
Early Crypto Adopter: Unmatched Privacy of ZK Proofs Outweighs the Technology’s Perceived Disadvantages
Although zero-knowledge (ZK) proofs are often considered complex to set up, Iva Wisher, co-founder of the Layer two platform Prom, argues that the technology’s unparalleled privacy, faster transaction finality, and overall efficiency outweigh any developmental complexity. Wisher, an early adopter of cryptocurrency, acknowledges that the industry is currently working to address usability concerns associated with […] Source CryptoX Portal
Can Cardano Catch Up with Other Altcoins?
Cardano (ADA) is struggling to start a fresh increase above the $0.500 resistance zone. ADA must stay above the $0.480 support to start a decent upward move. ADA price is struggling to gain bullish momentum above the $0.50 zone. The price is trading above $0.480 and the 100-hourly simple moving average. There is a key bullish trend line forming with support near $0.480 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could gain bullish momentum if there is a close above $0.500. Cardano Price…
Operational Security Pillars for Blockchain Apps: A Guide
With the rise in digital assets, security breaches, and hacking incidents, operational security has become a critical concern for businesses in the blockchain space. According to a blog post by Fireblocks, there are four primary operational security pillars that businesses should consider when building blockchain applications. 1. Building Your Team with Trust Firstly, it is fundamental to build a trustworthy team. The team should be carefully selected, with thorough background checks and reference validation. The team members should have well-defined roles and access controls to…