The world of DeFi, a hotbed of innovation several years ago, could probably use some fresh ideas. The WOO ecosystem, which is also known for pushing things like index-linked meme coin perps on the centralized WOOX platform, is appealing to an audience familiar with gaming and exploring the concept of utility NFTs, which have a function beyond being merely collectible. Source
Shared sequencers and data availability (DA) are services that Rome could provide, as blockchain builders increasingly rely on “modular” networks to handle Ethereum’s myriad components and functions. Source
Bitfarms Ltd. (Nasdaq: BITF), a global bitcoin mining company, has appointed Ben Gagnon as chief executive officer, effective immediately. Gagnon, previously chief mining officer, has significantly contributed to Bitfarms’ growth over the past five years, the company said. Chairman Nicolas Bonta praised his leadership and strategic impact, highlighting plans to leverage Gagnon’s expertise to diversify […] Source CryptoX Portal
The resulting panic selling by BCH holders anticipating potential mass liquidations by the Mt. Gox creditors was amplified by poor liquidity, or order-book depth, across centralized exchanges, according to Paris-based Kaiko. In a market with poor liquidity, traders find it hard to execute large orders at stable prices, and a single large buy or sell order can disproportionately influence the asset’s price, leading to a volatility explosion. Original
“If I’m a user, I don’t need to sign up, there’s no email verification, I don’t need to worry about importing, or even really managing 12-word mnemonic phrase [seed phrase]. It takes so much of that complexity out,” Reising said. Additionally, Exodus has worked with some payment processing partners to help new users fund their Passkeys Wallet easily, he added. Source
Crypto analyst @Ripple_Effect11 predicts an imminent XRP price crash in a new technical analysis shared via X. His prediction is underpinned by a bearish breakout from a major triangle pattern that has been forming since the $3.84 all-time high on January 4, 2018. The analysis paints a dark picture for XRP in the coming months, with a potential drop to as low as $0.07, contingent on certain technical events. Why The XRP Price Could Crash To $0.07 Elliott Wave Theory, which forms the basis of @Ripple_Effect11’s analysis, is a form…
Miners’ profitability has been hit as the daily revenues fell from $78 million pre-halving to $26 million currently, one market analyst noted. Original
A crypto project that raised 820,000 Ethereum in a 2016 initial coin offering (ICO) recently sold millions of dollars worth of ETH on a handful of exchanges, according to the digital asset tracker Lookonchain. Golem Network (GLM) is an open-source platform that aims to enable decentralized access to computing power. Lookonchain notes the project raised its large ETH stack through an ICO in November 2016, when the price of ETH was only $10.20. Lookonchain says Golem sold 24,400 ETH worth $72 million on the crypto exchanges Binance, Coinbase and Bitfinex…
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