In South Korea, the cryptocurrency market has reached record highs for the first time in two years. This is due to the fact that the local fiat currency is now preferred by digital asset traders over others. Based on a study carried out by blockchain company Kaiko during Q1 2024, the South Korean won emerged … Read more
Anthony Scaramucci, the founder of SkyBridge Capital and a well-known Bitcoin advocate, thinks it will take another two years for Bitcoin to fully establish itself as a valued asset for storing wealth. In his opinion, Bitcoin is currently in its infancy and needs wider usage before it can gain global recognition as a trusted store … Read more
Solana’s decentralized exchange (DEX) Drift adopts a dual strategy of introducing a governance token (DRIFT) and distributing a substantial portion of 100 million tokens through an airdrop to its user base within weeks. This move shows Drift’s dedication to decentralization and acknowledging its engaged community. The three-month DRIFT token distribution scheme has been successful in … Read more
According to on-chain information, the next significant demand area for Bitcoin is approximately $56,000. If the downtrend persists, Bitcoin may return to this price point. Bitcoin Has Next Major On-Chain Support Around $56,000 Based on information from market intelligence source IntoTheBlock, Bitcoin’s latest decline in value might necessitate the price range near $56,000 for providing … Read more
Projects that allow users to stake their liquid Ethereum assets have gained popularity in the Ethereum community, and Puffer Finance is capitalizing on this trend. Recently, Puffer Finance, which is based on the Ethereum restaking protocol EigenLayer, raised $18 million in a Series A funding round to launch its own independent network. According to the … Read more
The expansion of the Web3 sector and digital assets globally has led to substantial growth for The Open Network (TON). According to current data from CoinMarketCap, backed by Binance, TON’s Toncoin ranks ninth. With a fully diluted market capitalization of approximately $32 billion, the Toncoin network demonstrates considerable web3 development, reaching a total value locked … Read more
On April 16, Arbitrum (ARB) faces the possibility of experiencing a substantial price drop due to the upcoming release of its tokens. Historical data shows that such token unlock events can lead to increased market volatility as the consequences following their implementation are uncertain. $107 Million Arbitrum Tokens Set To Be Unlocked According to TokenUnlock’s … Read more
Markus Thielen from 10x Research announced a change in his crypto approach due to increasing financial strains and market volatility, according to a recent investor update. Thielen, a prominent figure in the analysis field, expressed concern over risk assets, including tech stocks and cryptocurrencies, being negatively impacted by unexpected and persistent inflation. Based on Bank … Read more
The cryptocurrency world flourishes through a mix of creativity, function, and at times, humorous internet culture. This past week, Dogecoin (DOGE), the meme currency inspired by the Shiba Inu breed, received significant attention following an amusing tweet from wealthy entrepreneur Elon Musk. As a result, the coin’s value surged remarkably. When Monty Python was referenced … Read more
PancakeSwap (CAKE) recently proposed a new plan to channel a part of the CAKE token emissions towards enhancing the veCAKE community, effectively kick-starting its development. Directing funds towards Bribes is proposed to boost the circulation of assets within the ecosystem and optimize the rewards system for CAKE. “The Kitchen is suggesting to divert a part … Read more