Shibarium, the Shiba Inu layer-2 solution, recently reached a new milestone in the past few days, crossing the 4 million total transaction threshold. The launch of Shibarium, Shiba Inu’s layer-2 solution, has been a huge catalyst for the meme coin. At the same time, SHIB’s burn rate has exploded in the last two days, as investors look to push the price of SHIB in a positive direction. Shibarium’s Rapid Growth, Burn Rate Skyrockets In just the past few months, over 4 million transactions have taken place on the Shibarium network.…
Tag: Million
Polygon Whales Go On 120 Million MATIC Buying Spree, Rally Soon?
On-chain data shows the Polygon whales have loaded up on 120 million MATIC during the past week, a sign that could be bullish for the asset’s price. Polygon Whales Have Increased Their Holdings Recently As pointed out by an analyst in a post on X, MATIC whales have made a decent amount of buys during the past week. The relevant indicator here is the “Supply Distribution,” which keeps track of the total amount of Polygon that the different holder groups are carrying in their wallets right now. In the context…
Bitcoin 65% Crash Possible? $54 Million In Buy Orders Pile Up At $12,000
Bitcoin is still trending at a reasonably high price, especially after falling below $15,000 in 2022 following the FTX collapse. Given its rise since then, investors have turned bullish, expecting the start of another bull market. However, not all investors have bought into this bullish narrative for Bitcoin and this is evidenced by the amount of buy orders sitting at prices more than 65% below its current value. 4,500 BTC Bids At $12,000 In an interesting turn of events, a developer has revealed a massive buy wall waiting in the…
Google DeepMind AI predicts 2 million novel chemical materials for real-world tech
Google DeepMind artificial intelligence (AI) has predicted the structure of over two million novel chemical materials, marking a breakthrough in enhancing real-world technologies. In a scientific paper released in Nature on Wednesday, Nov. 29, the AI company reported that nearly 400,000 of its theoretical material designs may soon undergo laboratory testing. Possible uses for the research include the development of batteries, solar panels and computer chips with enhanced performance. According to the paper, identifying and creating new materials is often expensive and time-intensive. It took approximately two decades of research before…
Google DeepMind’s AI predicts 2 million novel chemical materials for real-world tech
Google DeepMind has utilized artificial intelligence (AI) to forecast the structure of over 2 million novel chemical materials, marking a breakthrough with potential applications for enhancing real-world technologies soon. In a scientific paper released in the Nature Journal on Wednesday, Nov. 29, the AI company owned by Alphabet reported that nearly 400,000 of its theoretical material designs may soon undergo laboratory testing. Possible uses for this research encompass the development of batteries, solar panels, and computer chips with enhanced performance. According to the paper, identifying and creating new materials is…
$19.5 Million XRP Shifted To Exchange, Massive Sell Off On The Horizon?
Whale Alert, a renowned blockchain tracker, reported a substantial transfer of XRP tokens to the Bithumb crypto exchange. This transfer, involving over 32 million XRP tokens valued at roughly $19.5 million, originated from an unidentified wallet and was executed today at 05:15:10 UTC. The substantial nature of this transaction places it firmly in the category of ‘whale transactions,’ which are often scrutinized due to their potential influence on market dynamics. In the crypto space, such significant transfers are typically indicative of strategic moves by influential players within the market. While…
Dogecoin Holders Cross 5 Million, Catalyst For Price To Reach $0.1?
Dogecoin holders just surpassed 5 million addresses this week, a huge milestone for the meme cryptocurrency. According to data from on-chain analytics platform IntoTheBlock, Dogecoin addresses have been growing steadily since the beginning of the year. At the same time, DOGE is up by 43% from its October bottom of $0.056. However, this growth is still small when compared to other popular cryptocurrencies, as DOGE is still yet to reach $0.1 this year. This major growth in addresses could be the catalyst needed for Dogecoin to reach its next price…
Institutional Investors Pour $346 Million Into Crypto
Crypto investment products have experienced another week of inflows, bringing the run to nine consecutive weeks of inflows. According to CoinShares’ latest report on digital asset investment funds, inflows into crypto products totaled $346 million last week, with some cryptos receiving more investments than others. With last week’s numbers, the total value of inflows into crypto investment funds this year now stands at $1.663 billion. Overview Of Institutional Investment In Crypto This Week Although volatile and still in its nascent phase, the crypto market has attracted its fair share of…
Binance Futures Unveils Its Grand Trading Tournament with $2 Million USDT in Prize
Alongside the traditional trading competition, Binance futures participants can engage in a Copy Trading Competition and a Trading Bots Competition. On Monday, September 27, Binance Futures, the leading crypto derivatives exchange globally, has unveiled the highly anticipated Binance Futures Grand Trading Tournament. Boasting the largest prize pool in the tournament’s history, participants have the chance to compete for up to $2 million in USDT. In an exciting development, this edition of the tournament introduces new competitions aligned with Binance’s recent innovations. Alongside the traditional trading competition, participants can engage in…
Whales Move $30 Million Worth Of XRP To Exchanges
XRP could witness a massive selloff in the coming days, as shown by on-chain transfer data. According to transaction alerts from crypto whale tracker Whale Alerts, two whale-sized transactions involving XRP have recently made their way onto cryptocurrency exchanges Bitso and Bitstamp, prompting investors to ponder the reasons behind the transactions and speculate on possible outcomes. Massive transfers by whales can often increase selling pressure if they sell and take profits, which could cascade into the price of the asset, even if only temporary. Whale Transfers 50 Million XRP To…