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SUI has kicked off its first-ever global Hackathon, a move that’s poised to positively impact both its price and the projects within its ecosystem. Historically, blockchain incentives like these tend to boost market sentiment and project development, and SUI appears to be following this trend. #SUI has launched their first Hackathon, globally! Every time a … Read more
Solana validators have voted to pass Solana Improvement Document number 96 (SIMD-0096), which proposes that 100% of priority transaction fees will be awarded to validators. This breaks the current model that passes only 50% of these funds to validators, while the other half gets burned. According to early estimations, this will increase inflation by 4.6% … Read more
The Aptos blockchain reached a milestone in its history, processing over 95 million in a single day. According to data provided by Artemis, a blockchain statistics platform, the number broke an L1 industry record on May 24, pushed by the tap to earn game Tapos, in which each tap or click constitutes a transaction. Aptos … Read more
The stablecoin market has experienced modest growth over the past two weeks, with valuations increasing by approximately $590 million. Among the top five U.S. dollar stablecoins, Ethena’s USDE saw the largest supply growth, rising 17.5%. In contrast, First Digital’s FDUSD experienced a 29% supply decrease. Stablecoin Valuations Adjust With Diverse Market Movements in May Since … Read more
While the U.S. Securities and Exchange Commission (SEC) has approved several spot ethereum exchange-traded fund (ETF) 19b-4 filings, and ether alongside numerous digital assets have experienced double-digit increases over the past week, the much anticipated ‘altcoin season’ has not yet arrived. In fact, according to the Altcoin Season Index, the likelihood of such a season … Read more
In a bullish trading session, Ethereum’s largest capped memecoin, $PEPE, has surged 10% to reach a new all-time high of $0.00001577. This remarkable price increase reflects growing interest and investment in the memecoin. Prominent investor James Wynn, known on Twitter as jwynn.eth (@JamesWynnReal), deposited 491 billion $PEPE, worth approximately $7.54 million, into Binance. Wynn has … Read more
Amid concerns of another potential crypto market retrace, there is a comforting trend: the number of non-empty stablecoin wallets is on the rise. In 2024 alone, USDCoin (USDC) non-empty wallets have grown by 13.9%, while Tether (USDT) wallets have seen a 15.7% increase. 💸 Concerned about another #crypto market retrace? You may be comforted by … Read more
Ethena’s ENA token has experienced a dynamic week, rising 19% over the past seven days. However, recent market movements have seen GSR Markets, a key market maker for ENA, deposit 5.5 million ENA tokens worth $4.84 million into Gate. This action coincided with a 5.4% drop in ENA’s price over the past 24 hours and … Read more
Over the past week, $SAFE has experienced a notable 15% price surge, attracting significant attention from major players in the crypto market. Among them, Wallet 0x011, likely associated with Amber Group, has been particularly active. Recently, this wallet withdrew 499,995 SAFE, valued at approximately $1.09 million, from Gate.io at a price of $2.188 per token. … Read more
Bitcoin is currently trading just above $68,000, a notable increase from its recent price of $66,100. Despite this positive trend, many small traders have continued to liquidate their holdings, contributing to a shift of coins from smaller to larger wallets. Historically, this behavior has been a bullish indicator for Bitcoin, signaling that larger, more experienced … Read more
