Day: February 19, 2025

MegaETH launch could save Ethereum… but at what cost?

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The hype machine building up around Ethereum layer-2 MegaETH claims it’s the answer to Ethereum’s scaling and sentiment problems. Prioritizing speed over decentralization, the new L2 will apparently feel as seamless as using a Web2 app or a centralized exchange, and run an order of magnitude faster than all the other rollups and Solana combined. In short, the aim is to “Make Ethereum Great Again.” Community-designed poster (Cronosis/X) It’d be easy to dismiss this as pure hyperbole, but MegaETH is backed by some of the biggest names in the industry,…

Iranians ‘flocked’ to crypto as rial collapses and restrictions grow

Crypto adoption in Iran surged in 2024 as citizens sought to escape economic turmoil and government-imposed financial restrictions. According to Chainalysis, Iranian crypto outflows reached $4.18 billion — up 70% year-over-year — as trust in the financial system eroded and sanctions pressure mounted. Iran has long been isolated from the global banking system due to U.S. sanctions, particularly after Washington withdrew from the 2015 nuclear deal in 2018. The Iranian rial has lost nearly 90% of its value since then, with inflation hovering between 40–50%. In December, the government halted…

Top 5 New Crypto to Buy as Hong Kong Announces Plans to Promote Crypto

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Este artículo también está disponible en español. Paul Chan Mo-po, Hong Kong’s financial secretary, reaffirmed the city’s commitment to being a stable, open, and dynamic hub for digital assets. Hong Kong has been making significant investments in Web3 innovation and blockchain infrastructure, signalling a strong push toward becoming a global leader in the sector. The state-backed Cyberport Web3 Hub now hosts over 270 blockchain firms, with an impressive 120 new additions in just the past 17 months, reflecting the region’s evolving stance on crypto adoption and development. Hong Kong Doesn’t…

Private Jets, Political Cash Among $1B in Sam Bankman-Fried’s Forfeited Assets: Court

A federal court has outlined just how extensive Sam Bankman-Fried’s assets were before the young CEO of FTX was tried and imprisoned for fraud, and the government swooped in to seize roughly $1 billion in financial assets and two aircraft. The final order of forfeiture issued on Tuesday by the U.S. District Court for the Southern District of New York formally severed Bankman-Fried’s ownership stake in a property list dozens of pages long. The court document revealed the wide swath of assets the one-time billionaire claimed ownership in, including extensive…

Dogecoin Price Consolidates In Symmetrical Expanding Triangle, What’s Next For DOGE?

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Dogecoin (DOGE)  is once again making waves in the crypto market. This time, it’s due to a fascinating technical pattern forming on its price chart: a symmetrical expanding triangle. Known for signaling periods of heightened volatility and potential breakout opportunities, this pattern has traders and investors on the edge of their seats, wondering what’s next for DOGE. The symmetrical expanding triangle is a rare and dynamic formation, marked by its widening price range and converging trendlines. For Dogecoin, this pattern reflects a tug-of-war between bulls and bears, with neither side…

Millennials Rethink Wealth — Bitcoin or a 30-year Mortgage?

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U.S. household debt just hit $18T, mortgage rates are brutal, and Bitcoin’s supply crunch is intensifying. Is the old path to wealth breaking down? Real estate is slowing — fast For years, real estate has been one of the most dependable ways to build wealth. Home values generally rise over time, and property ownership has long been considered a safe investment.  But right now, the housing market is showing signs of a slowdown unlike anything seen in years. Homes are sitting on the market longer. Sellers are cutting prices. Buyers…

Best ERC-20 Altcoins to Buy as Ether Reserves Record Historical All-Time Lows

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Ether supply on exchanges is now at a 9-year low: specifically 18.95 million ETH as of February 18, at the time of writing. This suggests investors are now moving $ETH into cold storage, presumably for long-term HODLing purposes. If the ecosystem is overall looking to hold, rather than trade Ether, the historic all-time lows supply significantly increases the odds of ‘supply shock’ occurring, which would inevitably power an $ETH bull run and skyrocket the price. Basic economics dictate that a supply shock happens when the demand of an asset exceeds…

Solana’s Market Woes Continue With A 32% Monthly Drop

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Este artículo también está disponible en español. Solana’s recent price behavior has sparked anxiety in the the digital currency market. The once-soaring blockchain has fallen significantly as a result of a widespread slump. Solana native token (SOL) has been down 32% in the last four weeks, trailing Bitcoin’s 10% decline and Ethereum’s 15% dip. As the network suffers with the fallout from a meme currency frenzy that left investors reeling, a sudden sell-off occurs. Related Reading Meme Coin Mania Turns Into Disaster Solana has been the epicenter of an explosive…