The Nomic DAO Foundation has introduced stBTC, a Bitcoin token representing liquid staked BTC (LST), which functions using Babylon’s Bitcoin staking method. Users can now utilize their existing Bitcoins to bolster security for other blockchains and reap incentives in the form of alternative digital currencies. How Does the Staking Protocol Function? With Babylon’s Bitcoin staking … Read more
A key player at Coinbase’s Ethereum layer-2 Base project, Jesse Pollak, has announced recently that the network is managing an impressive transaction speed. Specifically, he mentioned in a recent post on the platform that the network is processing between 300 and 400 transactions every second. This news was met with enthusiasm from his over 98,000 … Read more
On April 9, 2024, EigenLayer, a decentralized finance platform specializing in offering Ethereum (ETH) stakers reaping rewards through its services, went live on the main network for the first time. Based on a current update from Cointelegraph’s article, the protocol with over $13 billion in user deposits started its release on Ethereum‘s main network, albeit … Read more
Polkadot, a blockchain system built to enable seamless communication among various blockchains, has recently witnessed an influx of new users. However, there’s a noticeable disparity between the increasing number of users and network activity, leaving some to ponder its sustainability in the long run. According to recent data, DOT reached new records in March with … Read more
Toncoin (TON), the popular cryptocurrency linked with the Telegram messaging app, hit its new all-time high shooting past $7 and unseating Cardano’s ADA for the ninth spot in the top-ten crypto list. Besides, Toncoin has also outperformed the rest of the altcoin space with 30% weekly gains. Currently, Toncoin boasts a market capitalization of an … Read more
The price of Bitcoin experienced significant changes, reaching an peak of $72,500 on Monday only to drop below $70,000 the next day. This volatility is primarily due to investor anxiety leading up to the release of the most recent US Consumer Price Index (CPI) data. After hitting a low of $68,200 on Tuesday, Bitcoin rebounded … Read more
XRP price is struggling to clear the $0.6420 resistance. The price must stay above the $0.600 support to attempt a fresh increase in the near term. XRP is slowly moving lower from the $0.6420 resistance zone. The price is now trading below $0.6120 and the 100 simple moving average (4 hours). There is a key … Read more
Ethereum‘s price was unable to advance past the $3,725 mark, causing it to retreat and now hover around the $3,475 support level. Ethereum failed to climb higher above the $3,725 resistance level. The price is trading near $3,500 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with … Read more
Bitcoin price failed to settle above the $72,000 resistance. BTC corrected gains and now moving lower toward the $67,500 support zone. Bitcoin struggled to clear the $72,000 and $72,500 resistance levels. The price is trading below $70,000 and the 100 hourly Simple moving average. There was a break below a major bullish trend line with … Read more
The data indicates that Bitcoin is approaching two significant on-chart price thresholds at present. Let’s take a look back at what transpired when Bitcoin surpassed these levels in the past. Bitcoin Is Approaching Vaulted Price & MVRV +1SD Currently In their latest update on X, Glassnode’s on-chain expert Checkmate highlights that Bitcoin (BTC) has approached … Read more