“In principle, people participate in meme coins because (i) the value might go up, (ii) they feel democratic and open for anyone to participate, and (iii) they are fun,” Vitalik Buterin, founder of leading smart contract blockchain Ethereum, which is also the home to several popular meme coins, said in a blog post. Source
Arthur Hayes, former CEO of crypto exchange BitMEX, said in his latest essay early Friday that bitcoin has likely bottomed at this week’s lows of $56,000, but warned investors to expect a gradual climb instead of a swift recovery to the March highs as markets will cool for the next few months. “Did bitcoin hit a local low […] earlier this week,” asked Hayes. “Yes,” he concluded. “I expect prices to bottom, chop, and begin a slow grind higher.” Original
Santa Clara, California, April 27th, 2024, Chainwire CARV, the largest modular data layer for gaming and AI, today announces its highly anticipated debut node sale. This is another major milestone towards CARV’s mission to maximize data innovation while ensuring individuals can share the value created in a user-owned internet. Starting May 13, users worldwide can become part of CARV’s decentralized data network, contributing to the redistribution of value and earning rewards by running lightweight verifier nodes. The What And Why Of Nodes Imagine a future where your data is truly…
Over the past 90 days, while bitcoin has shown steady performance, 19 other cryptocurrencies have outpaced the leading digital asset in terms of price growth. However, the Altcoin Season Index, which measures the performance of these cryptocurrencies against bitcoin, has dropped from 59 to 39 since early April, signaling that an altcoin season is unlikely […] Source CryptoX Portal
Amid the excitement of Bitcoin’s new Runes protocol, Blackrock’s exchange-traded fund (ETF) wallets now contain over $20,000 worth of RSIC•GENESIS•RUNE tokens. Blackrock’s IBIT Benefits From Airdropped Runes Tokens On Thursday, Arkham, an onchain intelligence firm, revealed on social media platform X that two of Blackrock‘s IBIT bitcoin addresses possess tokens based on the Runes protocol. […] Original
Those chains include Arbitrum, Optimism, Polygon, StarkWare and zkSync. Users will be able to opt in or out to use Avail for data availability – a service needed by these “rollup networks” to stash the reams of data produced on all the transactions taking place. A key driver for DA solutions is that they can provide a cheaper and faster way of storing data than on the main Ethereum blockchain. Source
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April 24: SEDA, a data transmission and computation network that enables a permissionless environment for developers to deploy data feeds, announced the launch of its mainnet genesis event. According to the team: “By mitigating native deployments via a modular and chain-agnostic design, SEDA is building to offer complete developer flexibility with chain-agnostic integrations alongside completely programmable data feeds, enabling a ‘permissionless optionality’ that promotes Web3’s ethos for builders. Mainnet will see the deployment of SEDA’s solvers, an overlay network offering one-click node spinups for community and bespoke mechanics for network…
New research reveals Nvidia’s 180% surge in stock price, with BAE Systems and Meta closely trailing, while Bitcoin registers a conservative 8.26% increase in the post-COVID period. A recent study conducted by Banking Methods has shed light on the dynamics of both stocks and cryptocurrencies, with a keen focus on Bitcoin‘s performance. According to the findings, Nvidia emerged as the frontrunner in the list of best-performing investments, boasting an impressive 180% increase in value during the post-COVID period. The tech giant’s shares skyrocketed from $293 in 2021 to a staggering…
Data shows the Ethereum Open Interest has been trading at relatively low levels recently. Here’s what this could mean for the asset’s price. Ethereum Open Interest Has Been Moving Sideways Since Its Plunge As explained by an analyst in a CryptoQuant Quicktake post, the ETH Open Interest has followed a similar trajectory as the price of the cryptocurrency recently. The “Open Interest” here refers to the total number of derivative-related contracts open for Ethereum on all exchanges. When the value of this metric goes up, it means that investors are…