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The OMNI network token has experienced a substantial decline in value today, shedding 32% of its market value, prompting attention to recent on-chain activity involving a notable address associated with the $ONDO project party. According to reports from on-chain analytics, an address linked to the $ONDO project deposited 200,000 $OMNI tokens into Coinbase just a … Read more
Recent activity from Wallet 0x4f5, suspected to belong to Render Network, has caught the attention of market observers, raising speculation about the project’s intentions amidst a scheduled token unlock. In a series of transactions, the wallet deposited a substantial amount of 1.35 million RNDR tokens (valued at $10.98 million) to Binance, with an average price … Read more
The smart money protocol Umoja has joined forces with the Bitcoin layer two (L2) initiative, Merlin Chain, to roll out a Bitcoin-based high-yield synthetic dollar. The newly introduced stablecoin is engineered to uphold a self-sustaining peg via transparent, onchain trading techniques developed by Umoja. Merlin Chain and Umoja Reveal USDb: The New High-Yield Synthetic Dollar … Read more
In the past 24 hours, the cryptocurrency market witnessed a notable downturn, with Bitcoin (BTC) plummeting to a low of $65,086, marking a 4.57% decrease. Ethereum (ETH) also experienced a significant drop below the $3,200 mark, down by 8.12%. Solana (SOL) followed suit, falling below $150 with a 12.68% decline. BTC fell to a low … Read more
Anza, a collective of developers focused on the Solana blockchain, has produced a fix that aims to reduce the congestion that the network has been experiencing. The new version of Solana, now being tried in testnet, includes a feature called stake-weighted quality of service (SWQOS), that prioritizes transactions from higher quality validators. Solana Gears up … Read more
The fifth-largest stablecoin in the crypto economy by market capitalization, Ethena’s USDE, temporarily detached from its peg on Saturday amid market declines. Data reveals that the token, designed to mirror the U.S. dollar’s value, declined to $0.965 each. Similarly, the market witnessed the fourth largest stablecoin, FDUSD, fall to a low of $0.9557 per coin. … Read more
Following criticism of Ethena’s USDE stablecoin, which brought back memories of the Terra blockchain’s Anchor protocol failure, Ethena backer Arthur Hayes introduced a risk tracker by intotheblock.com that monitors aspects like the token’s adherence to its U.S. dollar peg. Intotheblock.com’s Ethena Risk Radar Dashboard At the time of reporting, Ethena’s recently launched USDE stablecoin boasts … Read more
TON Society announced a proof-of-personhood program targeting Telegram users, who can voluntarily scan their palms in exchange for benefits. The organization allocated 1 million TON for this initiative, distributed among 500 million participants in the next 5 years after completing their palm verification using Humancode’s artificial intelligence (AI) biometric tech. TON Society Announces Digital Identification … Read more
Pendle, the decentralized finance (DeFi) token, experienced a notable decline of over 7% today, following a surge to an all-time high of $7.5 yesterday. The token is currently trading at $6.69, reflecting a correction after the recent price rally. Despite the decline in price, on-chain activity indicates positive sentiment surrounding Pendle. Reports suggest that Pendle … Read more
In the last 12 days of April, the stablecoin sector expanded by $4.46 billion, reaching a current valuation of $155.86 billion. Additionally, the top five dollar-pegged cryptocurrencies experienced an increase in their supplies over the last 30 days. Top Dollar-Pegged Cryptos See Growth Amid April’s First 12 Days As of Friday, April 12, 2024, the … Read more
