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Pendle (PENDLE) has emerged as a standout performer in the cryptocurrency market, demonstrating significant gains recently. At the time of writing, Pendle is trading at $4.49, marking a notable 16.15% increase over the past 24 hours and a 29.33% rise from the previous week, according to data from Coinmarketcap. PENDLE Whale Movement and Profitable Strategy … Read more
Despite declarations from Ethereum influencers that Runes are dead, recent reports indicate a different story. According to data released yesterday, the Runes Protocol has accounted for 69.1% of all Bitcoin transactions over the past 24 hours. This marks a significant shift in the landscape of Bitcoin transactions, highlighting the growing influence of the Runes Protocol. … Read more
In recent crypto markets, Machi Big Brother has emerged as a prominent figure with significant transactions involving BLUR tokens on Binance. Over the past 24 hours, Machi Big Brother deposited the remaining 5 million BLUR tokens, valued at $816,000, into Binance. This adds to a series of deposits totaling 18.4 million BLUR across 7 transactions … Read more
Restaking is an innovative approach to enhancing cryptocurrency security by allowing users to use their assets to protect external services. By restaking your ETH, LST, or other tokens, you receive a new token called Liquid Restaking Token (LRT). This method not only bolsters security across various networks but also provides users with additional benefits. According … Read more
According to rwa.xyz, Ondo Finance now contributes over 34.5% to BlackRock’s $BUIDL fund through its USDY and OUSG tokens, aiming to achieve its $27 trillion goal of tokenizing the entire US Treasury market. According to rwa. Xyz $ondo finance now contributed over 34.5% to @BlackRock $BUIDL fund by utilizing its $USDY $OUSG – aiming to … Read more
On July 1, Binance released its 20th proof of reserves, showing a significant increase in user assets. User BTC holdings have risen by 4.01% since June 1, reaching 605,637 BTC. Similarly, user ETH assets saw a 1.01% increase, totaling 4.711 million ETH. However, user USDT assets experienced a decline of 2.54%, dropping to 21.51 billion … Read more
Despite the broader market downturns, Polkadot’s ecosystem continues to show robust growth and resilience. In June, the number of transactions on the network surged by 33%, reaching 16 million. The total number of unique addresses has now surpassed 7 million, highlighting the expanding user base and increased network activity. Polkadot’s treasury currently holds an impressive … Read more
The cryptocurrency markets have continued to bleed, with social media now showing historic levels of Fear, Uncertainty, and Doubt (FUD). It’s rare for an hour to pass without more mentions of “sell” than “buy” across crypto forums. In the past 24 hours alone, there have been several instances of this, including the highest ratio of … Read more
The crypto industry experienced significant growth in Q2 2024, with over 10 million unique active wallets (UAW) created between April and June, marking a 40% increase from the same period last year, according to DappRadar. This surge in UAWs was observed across all industry segments, with SocialFi leading the charge. The rise of SocialFi highlights … Read more
As of July 1, 2024, data from @IntotheBlock reveals that $GMX is leading the Total Value Locked (TVL) category among derivative protocols with an impressive $517.97 million. Following $GMX, Synthetix holds $453.80 million, and dYdX comes in third with $308.82 million in TVL. Emerging protocols are also showing significant growth. Vertex Protocol boasts a TVL … Read more
