As the landscape of Bitcoin mining becomes increasingly competitive, the question of profitability takes center stage. With advancements in technology and shifts in the industry, it’s crucial to understand how Bitcoin mining remains viable today and how the DeMi Token is redefining access to this opportunity. The Evolution of Bitcoin Mining In the early days, […] Original
Eigen Labs has announced an upcoming update to the Eigenlayer protocol, introducing Permissionless Token Support. This feature aims to broaden the range of ERC20 tokens that can be utilized as restakable assets, enhancing the crypto economic security of decentralized networks. Permissionless Token Support Is Coming to Eigenlayer Eigen Labs revealed it is set to release […] Source CryptoX Portal
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Aug. 15-21, 2024. Source
“Swell’s roots are in Ethereum. But we are bullish on restaking across the blockchain ecosystem,” Swell founder Daniel Dizon said in the announcement. “That’s why we’ve launched a liquid restaking token for Bitcoin that will… help up to $1 trillion of bitcoin liquidity start flowing into DeFi.” Original
The Curve DAO price rose for the second consecutive day after developers reduced the token emissions. Curve (CRV) token jumped to a high of $0.3161, its highest level since July 15 and 77% above its highest point since Monday, Aug. 6. This rebound occurred as Bitcoin (BTC) and other altcoins pulled back. Some of the worst performers on Tuesday were Sui (SUI), Dogwifhat (WIF), and Aptos (APT). In an X post, Curve DAO developers noted that they will reduce emissions, marking the fifth consecutive year of reductions. They stated that…
In a surprising move that’s catching the attention of the cryptocurrency community, an Ethereum (ETH) whale has allocated a substantial portion of their wealth into Mpeppe (MPEPE), a burgeoning gambling token that promises extraordinary returns. This decision highlights a growing interest in Mpeppe (MPEPE) and its potential to redefine the landscape of both sports fandom and blockchain innovation. Here’s a closer look at why this new token is gaining traction and what it means for Ethereum (ETH) investors. Ethereum Whale’s Bold Move: Investing in Mpeppe (MPEPE) Ethereum (ETH) whales are…
On-chain data platform Token Terminal has set the stage for a potential seismic shift in the crypto ecosystem. It predicts that $10 trillion asset management giant and exchange-traded fund (ETF) issuer BlackRock is preparing to unveil its blockchain platform. BlackRock’s Crypto Masterplan Recent research by Token Terminal delves into BlackRock’s strategic entry into the crypto space, outlining the firm’s approach to the emerging digital asset class. According to the platform’s findings, BlackRock has segmented the crypto asset class into three distinct categories: crypto assets, including Bitcoin, stablecoins, and Real World…
After the market’s astonishing recovery, Solana (SOL) has entered another consolidation phase leading to lower volatility which gives the bulls much-needed rest after capturing huge gains. According to Coingecko, the token is down a measly 2% in the past 24 hours but is still in the green at the 30-day timeframe at over 9% gains. Related Reading Although SOL gained a lot during the market’s strong rebound, there has been some news that has also affected the token’s movement, hampering growth while shaking some investors off of the token. Major…
There is a better way to manage token launches — one that prioritizes long-term utility and organic growth over speculative gains. Protocols are beginning to experiment with alternative models. FRIEND, a blockchain-based social platform, for example, launched with 100% float, distributing all tokens to the community from day one. After taking a radically different approach at Lava Network, I am convinced the industry must adopt a new standard for how blockchain projects should handle token distribution and valuation. Source
Blockchain data shows that early investors, or insiders, made $4 million of profits in six hours on the token’s rise and fall, onchain sleuth Lookonchain found. Five crypto wallets bought 105 million of RTR with $882,000 worth of SOL, then sold 95 million tokens for $5 million in SOL. Source