ICO Archives

Ethereum Could Face ‘Hidden Risks’ from Redhot Restaking Market: Coinbase

April 2, 2024

“EigenLayer’s staking protocol is poised to become the bedrock for a wide range of new services and middleware on Ethereum, which, in turn, could generate a meaningful source of ether (ETH) rewards for validators in the future,” analysts David Han and David Duong wrote, noting that it is now the second largest DeFi protocol with $12.4 billion in total value locked. EigenLayer allows validators to earn extra rewards by securing actively validated services (AVS) by restaking their staked ether and “builds upon the foundation of the existing staking ecosystem by…

TON Blockchain Sets New Wallet Record as Telegram Dumps Euro Switches to TON Payments

April 2, 2024

Telegram is now positioned to reclaim the small-timers’ business in a completely different payment medium than EURO, which it appears to have abandoned entirely. Instead, it chose TON, a cryptocurrency that can be transacted almost instantaneously, globally, outside the banking networks, and for little commission. Source

How the Bitcoin Halving Could Affect Network Security

April 2, 2024

The halving, which occurs approximately every four years, reduces the rate at which new bitcoins are created, thus enforcing scarcity and potentially driving up the cryptocurrency’s value. However, for miners, this means an immediate halving of revenue from mined blocks, assuming the price of bitcoin does not increase proportionately. Source

Bitcoin Lightning Exchange FixedFloat Sees ‘Suspicious’ Transfers of $3M to Ethereum, Tron Blockchains

April 2, 2024

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DeFi Protocol Cega’s New Options Product, Gold Rush, Marries XAUT, ETH to Offer Up to 83% Yield

April 2, 2024

The product offers an annualized percentage yield of up to 83% to investors who stake ETH, Lido’s staked ether (stETH), wrapped bitcoin (wBTC), or stablecoin USDC in the option strategy vault, Cega said. The yield is paid out in the form of the coins staked, so, ETH stakers receive ETH in yield, providing an asymmetric upside in a bullish market. Source

Crypto Funds Saw Inflows of $862M Last Week Following $1B of Outflows the Week Before: CoinShares

April 2, 2024

“While this recovery is encouraging, ETF activity is slowing down, with daily trading turnover now at US$5.4bn, down 36% relative to its peak 3 weeks ago, although this remains well above the US$347m 2023 average, implying the initial market hype is cooling,” CoinShares said. Source

Crypto Market Is in Better Shape Than in SBF, FTX’s Heyday: Galaxy Digital

April 2, 2024

New exchanges have emerged that allow users to self-custody their cryptocurrencies, and these platforms have been designed to “address the lack of custody and transparency that contributed to the FTX collapse by ensuring users maintain direct control over their digital assets,” analyst Lucas Tcheyan wrote. Source

DeFi Project Ethena Labs’ ENA Token Starts Trading at 64 Cents

April 2, 2024

The USDe token, which is referred to as a “synthetic dollar,” offers yields to investors by pairing ether liquid staking tokens with short ether (ETH) perpetual futures position in the derivatives market to maintain a “rough target” of $1 price. Source

TRON Foundation, Justin Sun Ask U.S. Court to Dismiss SEC Lawsuit

April 2, 2024

The TRON Foundation and Justin Sun asked a New York court to dismiss an SEC lawsuit, arguing that the regulator failed to establish that the court has jurisdiction over the foreign defendants. Source

Crypto Market Setup Looks Positive for Second Quarter: Coinbase

April 2, 2024

The bitcoin halving, expected in mid-April, remains the main supply-side event, the report said. Source