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EigenLayer, an Ethereum protocol, is reshaping the landscape of restaking by introducing innovative features that streamline the process for users. Unlike traditional staking methods that require a minimum of 32 ETH, EigenLayer enables users to deposit liquid staking tokens like Lido stETH, Rocket Pool ETH, and Coinbase Wrapped Staked ETH, simplifying the restaking process significantly. … Read more
Despite a week marked by bullish movements across the cryptocurrency market, the native token of the Ethereum-based Non-Fungible Token (NFT) marketplace, $BLUR, failed to capitalize on the rally. Instead, it experienced a downtrend, trading on the downside throughout the week and witnessing a 10% decrease in its value. Today, an on-chain report shed light on … Read more
Toncoin, a top 20 cryptocurrency project, will be used by Telegram, the messaging platform, as a payment tool for its new advertisement strategy. Pavel Durov, founder and CEO of Telegram, stated that toncoin would facilitate payments for customers of its advertising platform, announcing that it would share 50% of any profit from these ads with … Read more
As of Feb. 29, 2024, at 11:30 a.m. ET, bitcoin’s price stands a mere 9.5% shy of its record high of $69,044 per unit, achieved on Nov. 10, 2021. Below is an examination of several leading cryptocurrencies and their proximity to their historical peaks. The Herculean Task for Some of the Top Cryptos to Return … Read more
Today marked a troubling turn of events for Serenity Shield’s project as a MetaMask wallet associated with the initiative fell victim to a security breach. The breach resulted in the loss of 6.9 million $SERSH tokens, valued at approximately $5.6 million. Serenity Shield’s MetaMask wallets were compromised for 6.9M $SERSH (worth ~$5.6 million). Some of … Read more
Blast, the Layer 2 network developed by Blur’s founder, recently made a significant announcement via their official Twitter handle, revealing that the mainnet is set to go live on February 29. Blast, the Layer 2 network launched by the founder of Blur, officially tweeted that the Blast mainnet will be launched on February 29. Previously, … Read more
Blur has solidified its position as a frontrunner in the competitive NFT marketplace, boasting the highest transaction activity in the past month. Despite experiencing a 21% decline in trade volume and a 5% decrease in value today, Blur continues to lead the pack in the dynamic NFT space. Recent on-chain reports on X have shed … Read more
Lighthouse Protocol, an initiative that simulates transactions, aims to end the security problems derived from using unknown smart contracts in Solana. The project, which is currently in its testing stages and is projected to be included in more wallets this year, would avoid the execution of any movement that unexpectedly changes the outcome of a … Read more
A recent report by on-chain detective ZachXBT has shed light on concerning activity within the BitForex cryptocurrency exchange. Investors are growing increasingly apprehensive as questions arise regarding the exchange’s recent transactions and actions. According to ZachXBT’s findings, BitForex witnessed a significant $56.5 million withdrawal from its hot wallet on February 23. Surprisingly, withdrawal processing was … Read more
Today, Mantle (MNT), the native currency of the Ethereum Layer-2 network, experienced an impressive surge, reaching a record high of $0.949, according to data from Coinmarketcap. The primary driver behind this notable price increase is the growing awareness of the Ethereum Layer-2 ecosystem and the various applications offered by Mantle. Functioning as an L2 scalability … Read more
