A crypto expert, identified as chudnov on the X platform, has shared concerns about EigenLayer’s supposed advancements in security and scalability. According to this analyst, an upcoming yield crisis on EigenLayer could lead to a significant drop in revenue. Looming Threats on EigenLayer The Tokens-Locking contract in EigenLayer has a large sum of $15 billion … Read more
Bitcoin advocates in Switzerland are attempting to persuade the Swiss National Bank (SNB) to include Bitcoin among its reserve assets. Some Bitcoin supporters have initiated a referendum process aiming to amend Switzerland’s constitution slightly, allowing for Bitcoin to be added alongside gold as part of the national reserves. Bitcoin in Swiss National Reserves Based on … Read more
Jesse Pollak, one of the masterminds behind Coinbase’s Ethereum scaling solution Base, shared his perspective at a recent hackathon in New York. He emphasized that meme coins are expected to attract a large number of new users to the Ethereum-based protocol due to their influence. Pollak acknowledged that this trendy asset class has been instrumental … Read more
Bitcoin transaction fees hit a record high on April 20, 2024, aligning with the BTC halving event. However, fees have significantly dropped since then, from a peak of $128.45 per transaction to a more manageable $34.80 as of April 21, based on YCharts data. The sudden increase in transactions can be linked to the introduction … Read more
After the fourth Bitcoin (BTC) halving on Saturday, daily production has decreased to approximately 450 coins, equivalent to around $29.7 million. The green light given for spot Bitcoin ETFs in the United States has boosted overall demand. Additionally, recent approval of spot BTC ETFs in Hong Kong suggests that Bitcoin bulls are currently dominating the … Read more
Within a week of Tether unveiling its plan to move USDT stablecoin onto the TON blockchain network on April 19, there’s been significant activity leading to over $60 million in USDT being issued. This puts TON as the 11th largest blockchain for Tether in terms of USDT issuance. Last week at the Token2049 crypto conference … Read more
In the past 30 days, at least 12 meme coin projects on the Solana platform that held presales have been completely abandoned, as reported in a recent post by well-known independent blockchain investigator ZachXBT. According to the article, the projects in question had amassed a total of $26.7 million through fundraising. This was achieved using … Read more
Bitcoin miners made an extraordinary earnings of $107 million on April 20th, as reported by Glassnode, a well-known analytics company. This substantial profit highlights a notable change in the financial structure of Bitcoin mining businesses. In simpler terms, as more people use Bitcoin for transactions, the fees for those transactions have been increasing rapidly. This … Read more
Recently, Shiba Inu developer Kaal Dhairya (@kaaldhairya) announced that a problem with the Shibarium network, which caused an interruption in its services due to networking difficulties among validators, has been fixed. This issue impacted the Shiba Inu ecosystem, particularly the layer-2 blockchain solution named Shibarium. Kaal explained the reason for the Shibarium interruption and its … Read more
Litecoin (LTC), referred to as the “silver version” of Bitcoin, has been quietly following behind its more prominent peer. Even after a drop in value from $112 to $83, experts anticipate a possible price increase in the near future. After Litecoin’s determined response during Bitcoin’s much-anticipated reward reduction, where Bitcoin’s block rewards were diminished by … Read more