In the last 24 hours, two memcoins built on the Solana platform, Bonk (BONK) and Dogwifhat (WIF), have experienced significant growth. BONK experienced a surge of 35%, while WIF saw an uptick of 19%. As a result, they currently rank among the top three coins with the largest market capitalizations that have shown impressive gains … Read more
Worldcoin, the digital identity initiative led by Sam Altman and known for its iris scanning system, revealed plans to expand the circulating supply of its WLD tokens by an impressive 19% within the next six months. This expansion will be carried out through private sales exclusively for non-US institutions. On their blog published on April … Read more
In a recent legal document submitted to the SEC, Ripple announced some adjustments to their services in the US market. The filing states that instead of using XRP as the intermediary currency, Ripple now utilizes Tether’s USDT for its On-Demand Liquidity (ODL) solution catering to American clients. Ripple Uses USDT for ODL in the US … Read more
Arthur Hayes, a seasoned crypto trader and co-founder of Bitmex, recently provided some enlightening perspectives on the primary drivers fueling the ongoing bull market. He elucidated how increasing sovereign debt, currency depreciation, and the escalating appeal of cryptocurrencies as a hedge against fiat currency devaluation interconnect. During the prolonged bear market from 2021 to 2023, … Read more
The US government is pushing for tougher penalties against Changpeng Zhao, the founder of Binance. In a court filing on April 23, 2024, the Department of Justice suggested that Zhao be sentenced to three years in prison and pay a $50 million fine for facilitating Binance’s violation of federal sanctions and anti-money laundering laws. The … Read more
The Bitcoin halving in 2024 was an exciting time in the crypto world, with many changes expected from reduced miner rewards to rising Bitcoin prices. But this particular event brought something new to light: a significant change in Bitcoin transactions because of the emergence of Bitcoin Runes. On that day, Runes were responsible for an … Read more
Polkadot (DOT), the blockchain network that links various blockchains together, is facing a dilemma. Some technical signs point to a possible price decrease, while certain analysts are optimistic about its future value. In simpler terms, the recent price changes suggest a less optimistic outlook. The Decentralized Oracle Token (DOT) has dropped below its trendline’s lower … Read more
Ethereum (ETH), currently leading the web3 world with over $279 billion in total value locked through its widely used EVM, is gearing up for an exciting phase during the macro bull market. With a fully diluted valuation of approximately $396 billion and daily trading volume averaging around $11 billion, Ethereum experienced a 3% increase in … Read more
Solana has recovered from over six weeks of network overload. The problem that caused delays in processing transactions, resulting in a longer block time of more than 2 seconds, has been fixed. Reaching normal block production again is a significant achievement for Solana, given its past challenges. Transactions now confirm in under two seconds, an … Read more
After toiling intensely for three years over their Bitcoin mining chips at Block Inc, led by Jack Dorsey (Twitter’s founder and CEO), they unveiled the completion of their groundbreaking three-nanometer chip development. A passionate advocate for a more inclusive and decentralized Bitcoin mining landscape, Dorsey has spearheaded this project at Block Inc. A 3nm chip … Read more