DeFi Collateral Liquidations Soar As ETH Prices Dip

Over the past 24 hours, the decentralized finance (DeFi) sector witnessed a significant surge in collateral liquidations, totaling more than $5.4 million, with a substantial portion linked to Ethereum (ETH) assets amounting to $4.27 million.  According to parsec, more than $5.4 million in collateral was liquidated on the DeFi in the past 24h, including $4.27 million in ETH. If ETH falls to $3,008, $24 million in collateral will be liquidated. On-chain derivatives exchanges GMX, Kwenta, and Polynomial triggered… — Wu Blockchain (@WuBlockchain) March 19, 2024 Concerns loom as projections indicate that if ETH prices drop to $3,008, an additional $24

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Whales Continue To Move ARB Tokens Amid Market Decline

In the wake of the recent release of approximately 1.1 billion ARB tokens, significant movement of these tokens by whales onto exchanges has contributed to a notable decline in the market value of Arbitrum, a leading layer-2 Ethereum scaling solution.  Over the past week, the platform has experienced a substantial loss of up to 20% of its total value, facing strong bearish pressure from the market. 五小时前,Amber Group 再次向 #Coinbase 充值 100 万枚 $ARB ,价值 163 万美金 Amber 目前仍持有 682 万枚 ARB,价值 1058 万美金,分批出售还没有结束;近七天 ARB 已下跌 24%,现价 $1.56📉 钱包地址 https://t.co/a734UyPfKM https://t.co/FCtfMswIyj pic.twitter.com/hef3MJ6mFn — Ai 姨 (@ai_9684xtpa) March 19, 2024 Recent

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Solana Announces Recommendations and Measures to Deal With Network Congestion

Solana Announces Recommendations and Measures to Deal With Network CongestionThe Solana Foundation has announced several recommendations that developers should follow to cope with the high usage that the network is currently experiencing. The foundation recommended implementing priority fees, and a series of optimizations to avoid dropping transactions. Also, an improved transaction scheduler is expected to be included in the next update. Solana Foundation Makes […]

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Solana Surpasses Binance Coin To Claim 4th Spot In Market Valuation, Trader Recorded Notable Losses

Solana’s SOL token has made significant strides in the cryptocurrency market, surpassing Binance Coin (BNB) to secure the 4th rank in terms of market valuation. This shift comes on the heels of a notable price spike over the weekend, further fueled by the growing frenzy surrounding meme coins on the blockchain, including $WIF, $BONK, and the latest addition, $BOME. With SOL’s market value now exceeding $90 billion, the token experienced a remarkable 10% increase in value for the day, reaching its highest level since December 2021 at $209 per token. This surge in activity underscores the increasing prominence of Solana

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Jupiter Soars by Nearly 100%, Leading This Week’s Crypto Gainers

Jupiter Soars by Nearly 100%, Leading This Week's Crypto GainersOver the past week, bitcoin and ethereum faced declines, while a number of alternative cryptocurrencies enjoyed significant appreciation. Notably, JUP soared by 99.5% against the dollar, with WIF climbing 42% and SOL increasing 37% in the same period. Alternative Crypto Assets Outshine Bitcoin and Ethereum with Double-Digit Growth This Week A plethora of cryptocurrencies, other […]

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Despite Broad Crypto Downturn, Solana Hits $200 Range and Overtakes BNB

Despite Broad Crypto Downturn, Solana Hits $200 Range and Overtakes BNBBased on the latest metrics, the cryptocurrency landscape has experienced a widespread but modest downturn. Yet, the digital asset solana has risen by 12.2% in the last 24 hours and 43% against the U.S. dollar over the past week. Currently, solana surpassed the $200 mark per coin as it closed in on BNB’s market capitalization. […]

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TON Coin Surges As Trading Week Ends On Positive Note

As the trading week comes to a close, Toncoin (TON) emerges as one of the standout altcoins, experiencing impressive growth of up to 30% in price over the past week. This surge brings TON closer to its previous all-time high, marking a significant milestone for the cryptocurrency.  The positive momentum in TON’s price aligns with the prevailing optimism surrounding Telegram, the social media platform closely associated with the TON ecosystem. With more projects adopting the Ton ecosystem, confidence in TON has been bolstered, driving its price upwards. The TON ecosystem experienced a significant surge in both price and volume during

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Avalanche Foundation Discloses First Batch of Meme Coin Holdings

Avalanche Foundation Discloses First Batch of Meme Coin HoldingsThe Avalanche Foundation has disclosed the first set of community coins, also called meme coins, in which the institution has invested under its $100 million Culture Catalyst fund launched in 2022. Coq inu, gecko, kimbo, nochill, and tech are the first five currencies that are part of the foundation’s holdings, and more might be chosen […]

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Ethereum Rollups Start Reaping Dencun Benefits: 99% Fee Drops Reported in Some Cases

Ethereum Rollups Start Reaping Dencun Benefits: 99% Fee Drops Reported in Some CasesEthereum rollups, the layer 2 scaling structures, have started reaping the benefits of the recently applied Dencun upgrade. The update, which included EIP-4844, also known as Proto-Danksharding, has allowed transaction fees to decrease by 99% in some cases, with Arbitrum, Base, Optimism, and Starknet becoming cheaper across the board. Ethereum Dencun Upgrade Reduced Rollup Fees […]

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Stablecoin Sector Expands by $4.95B in 12 Days, USDE Sees 376% Supply Increase, Tether Hits $103B

Stablecoin Sector Expands by $4.95B in 12 Days, USDE Sees 376% Supply Increase, Tether Hits $103BIn the past 12 days, the stablecoin sector has experienced a growth of $4.95 billion, reaching a new 2024 high of $149.03 billion in market valuation. Among various dollar-tied tokens that have seen their supply numbers go up over the last 30 days, Ethena’s USDE stands out with a 376% increase in its supply during […]

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