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Ethereum has shed a significant part of its supply since the London upgrade, applied in August 2021. According to ultrasound.money, a portal that records several statistics associated with the ETH burn, over 4 million ether (3.2%) have been removed from the network since the adoption of EIP-1559, which changed how fees are calculated. EIP-1559 Burns … Read more
Since the conclusion of the spot bitcoin exchange-traded fund (ETF) trading sessions on Feb. 9, 2024, the nine freshly launched ETFs have amassed 6,009.49 bitcoin, valued at approximately $288 million. Concurrently, Grayscale’s Bitcoin Trust (GBTC), which evolved into a publicly-traded exchange-traded product, has sold off about 2,252.2 bitcoin, amounting to roughly $108 million. New Bitcoin … Read more
Playdapp, a Web3 gaming platform, recently confirmed that it was a victim of a hacking incident which saw criminals mint tokens worth approximately $31 million. Playdapp said it has offered to reward the hackers if they agree to return the stolen assets and contracts. Crypto Exchanges Urged to Block Compromised PLA Tokens Playdapp, a Web3 … Read more
OM – MANTRAchain, the pioneering Cosmos chain designed to adapt to global blockchain regulations, has been on a remarkable upward trajectory in recent times. Over the past 90 days, it has surged by an impressive 1,227%, followed by a 370% increase in the last 30 days and a 169% gain in the previous week. Today, … Read more
Ethereum, the second-largest cryptocurrency by market capitalization, is inching closer to the $2,500 threshold, currently hovering around $2,450. Notably, over 1.35 million ETH, equivalent to approximately $3.33 billion, have been restaked into the eigenlayer. In a recent move, Justin Sun, the founder of Tron, unwrapped 94.5K WSTETH from Lido and promptly deposited it into Eigenlayer, … Read more
Pandora (PANDORA), an innovative ERC20/ERC721 token hybrid, has experienced a remarkable surge in value, catapulting it to the forefront of today’s top cryptocurrency gainers with a 130% increase in the last 24 hours. The concept of ERC-404 has been causing quite a stir in the crypto community, although its intricacies may elude some enthusiasts. The Pandora_ERC404 … Read more
Pendle, a protocol facilitating the tokenization and trading of future yield, has emerged as one of the standout projects in the cryptocurrency realm, boasting impressive returns over the last three months. With gains of 148% in the past 90 days, 137% in the last 30 days, and a notable 16% increase over the past week, … Read more
In the volatile realm of cryptocurrency, the most significant daily gainers are often those small-cap coins that experience substantial pumps. Their limited liquidity creates an environment where even slight purchasing pressure can lead to rapid, exponential gains. A prime example of this trend is #Pandora, the pioneer token utilizing the ERC404 token standard. Over the … Read more
Frax Finance, established in 2020, offers FRAX, a unique stablecoin in the crypto space, along with its governance token, Frax Shares (FXS), which accrues various revenues and collateral value. Despite reaching a peak of $42.67 in April 2022, FXS has demonstrated volatility and sensitivity to market conditions. BlockTower Capital appears to be dumping $FXS! In … Read more
In the ongoing year of 2024, Chainlink’s performance within the cryptocurrency landscape has been nothing short of remarkable. The native cryptocurrency of the Chainlink Web3 network, LINK, has surged to heights not witnessed since January 2022, boasting a market capitalization surpassing $11 million. On February 5th, LINK reached a new yearly high, sparking optimism among … Read more