In the midst of ongoing problems for the network, the open interest in Solana decreased noticeably over the past week. This decrease mirrors the drop in the cryptocurrency’s value, implying that some investors might be losing patience and selling off their holdings due to uncertainty about a forthcoming resolution. Solana Open Interest Drops By $370 … Read more
The Financial Stability Institute (FSI) strongly recommends a unified regulatory framework for stablecoins globally, as differing regulations could jeopardize financial stability. In their April 9, 2024 report, the FSI underscores the importance of uniform regulation for the issuance and use of stablecoins across countries. Stablecoin Adoption The Bank for International Settlements and the Basel Committee … Read more
Bitcoin is surging towards new all-time highs with prices climbing higher, and one market analyst believes that $150,000 could be a likely post-halving price for Bitcoin based on its historical trends. This optimistic perspective is expressed by the analyst in a recent post, where they outline several key fundamental factors that could potentially push the … Read more
Bitcoin investors are looking forward to the upcoming halving event with anticipation, believing it will contribute to the crypto market’s future expansion. However, it’s important to note that according to well-known cryptocurrency analyst and trader Benjamin Cowen, history suggests there might be a price correction following this event. Bitcoin Halving Could Impact Price Negatively According … Read more
At Monad Labs, a business focused on web3 technology, they have finished securing funding for their Ethereum-compatible Monad blockchain from Paradigm Venture Capital. As stated in the announcement, these funds will support the continued growth and construction of the Monad blockchain, aiming to launch the mainnet by the end of this year. Meanwhile, Monad Labs … Read more
The importance of decentralization in Ethereum‘s development, spearheaded by its founder Vitalik Buterin, has been a recurring theme. A new idea that is picking up steam is the concept of “anti-correlation penalties,” which is designed to combat the centralizing effects of economies of scale within Ethereum‘s staking system. To boost the decentralization of Ethereum’s staking … Read more
Arthur Hayes, one of the co-founders and ex-CEO of BitMEX, the well-known cryptocurrency trading platform and exchange, has recently published a new blog entry. In this post, he shares his forecast for a significant drop in Bitcoin‘s price and a potential fire sale event for the world’s leading digital currency. Bitcoin Fire Sale Imminent In … Read more
In India, the Web3 sector has grown significantly over the years, now boasting over 1,000 startups that provide diverse services locally, as mentioned in a recent report from Hashed Emergent, an investment firm specializing in Web2 and Web3 companies. The document underscores consistent advancements within India’s Web3 industry, positioning the country as a formidable player … Read more
Tether’s CEO, Paolo Ardoino, has revealed that his company, which manages the USDT stablecoin, is close to investing $500 million in the Bitcoin mining industry. This decision aims to dispersing Bitcoin mining activities throughout various legal territories, promoting decentralization. Constructing a Global Renewable Mining Footprint Tether has built mining operations and renewable energy plants in … Read more
Recently, the Coreum Network has gained significant interest due to the significant surge in the transfer of XRP tokens onto its system. Based on recent information from Coreum regarding X, there’s been a significant increase of 2703% in the amount of XRP tokens present on their network over the past two weeks. This surge has … Read more