Day: September 3, 2024

Ethereum activity hit ATHs as fees plunge 99%

Ethereum (ETH) on-chain activity reached new highs this year as mainnet transaction fees dropped by over 90%. Token Terminal data showed that Ethereum (ETH) revenue has fallen by 99% since March, reaching one of the lowest levels in the blockchain’s history. This revenue is generated by fees for executing transactions on Ethereum’s main blockchain. Simultaneously, ETH on-chain swaps soared to new all-time highs this year, according to L2Beat analytics. Syncracy Capital co-founder Ryan Watkins described these developments as bullish for Ethereum’s chain and decentralized finance. Ethereum onchain activity reaching new…

Bitcoin, XRP See Declining Whale Activity: What It Means

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Este artículo también está disponible en español. On-chain data shows Bitcoin, XRP, and other top cryptocurrencies have been witnessing notably lesser activity from the whales recently as compared to earlier in the year. Bitcoin, XRP Among Assets Observing A Decline In Whale Transactions In a new post on X, the on-chain analytics firm Santiment has discussed about how the latest trend in the Whale Transaction Count has been looking like for the various top coins in the sector. Related Reading The “Whale Transaction Count” here refers to an on-chain metric…

Polygon to Start Much-Awaited Swap of POL Token for Longstanding MATIC

“And then the second one is a means for, effectively, validators to receive emissions,” Boiron added. “Effectively, if you think of these new chains that pop up, what’s going to happen is that with time, they’re going to want to decentralize. And so instead of just having a centralized sequencer, they’re going to need to incentivize people to actually run a decentralized group or a decentralized prover. And if they don’t have a token, or if they don’t want to launch a token yet, how do they do that? Well,…

Will Bulls Break Through Or Bears Dominate?

Este artículo también está disponible en español. Solana (SOL) has recently pulled back to the $137 level, a key point that could dictate its next move in the market. As the cryptocurrency tests this resistance, market participants are watching closely to see if the bears will seize the opportunity to drive prices lower, or if the bulls will capitalize on this pullback to ignite a breakout.  This article aims to analyze Solana’s recent pullback to the $137 level and assess whether the bears can regain momentum to push the price…

Inside the Trump Crypto Project Linked to $2M DeFi Hack and Former Pick-Up Artist

Zachary Folkman and Chase Herro – listed in the white paper as World Liberty Financial’s head of operations and its data and strategies lead, respectively – built Dough Finance, a person familiar with the matter said. (Herro used to link to Dough Finance’s Telegram group in his bio on the messaging app, according to a screenshot reviewed by CoinDesk.) Octavian Lojnita, the project’s smart contracts lead, also previously worked on Dough Finance, according to his online resume. Boga, World Liberty Financial’s pseudonymous front-end developer, is listed as an author (under…

Analysts Predict Bitcoin Price Could Crash To $40,000, But There’s Good News

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Este artículo también está disponible en español. Despite initial expectations of a steady price increase and a robust bull run this year, Bitcoin (BTC) has suffered severe declines, pushing its price below the $60,000 threshold. Due to the cryptocurrency’s prolonged bearish performance, a crypto analyst has warned that Bitcoin could decline even further, predicting a potential crash below $40,000. However, the analyst also provides a silver lining to his bearish outlook, anticipating a major rebound after the decline.  Bitcoin May Be Headed For A $40,000 Crash A crypto analyst known…

Bitcoin wallet linked to Terraform’s Do Kwon moved $62m

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Amid Terraform Labs’ ongoing unwind and the extradition battle involving its founder Do Kwon, a wallet linked to both entities moved $62.8 million worth of Bitcoin. According to data from Arkham, an address associated with the beleaguered blockchain firm Terraform Labs and its detained founder, Do Kwon, transferred 1,075 Bitcoin (BTC) to a new wallet on Sept. 2. On-chain analytics from Arkham indicated that Terraform Labs had approximately $2 million in altcoins remaining in its reserves. As part of a court agreement with the U.S. Securities and Exchange Commission (SEC),…

Solana 15.8% Drop Causes Community Concern, Mpeppe Moves Aggressively With 93% Stage 3 Completion

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Este artículo también está disponible en español. The cryptocurrency world is no stranger to volatility, but recent developments have sent ripples through the Solana (SOL) community, raising concerns about its future. Solana (SOL) has experienced a sharp 15.8% drop, leading to a flurry of reactions from investors and analysts alike. While Solana (SOL)’s decline has certainly captured attention, another player is moving aggressively in the background: Mpeppe (MPEPE). The meme-inspired casino token is making significant strides, with its Stage 3 presale nearing 93% completion, positioning itself as a strong contender…