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In a recent resurgence of activity, the Binance Smart Chain (BSC) network is seeing an upward push in the values of several popular decentralized finance (DeFi) tokens. This is thanks in part to a not-so-strategic move from Binance CEO @cz_binance, who, in late December 2021, appeared to have activated the BSC network by moving $1.5 … Read more
The past week for Solana was quite eventful, with sharp price swings, a rise in meme coins, and a surge in app revenue that sent SOL—and some of its ecosystem partners—skyrocketing. All that said, even within Solana, certain sectors are struggling. The volumes for decentralized exchanges (DEXs) on Solana are down, and the $CAR meme … Read more
Right now, we’re seeing some really exciting altcoin activity in the Binance ecosystem, and this is mainly being driven by not-so-serious tokens called meme coins that are being developed on the BNB chain. You might have seen that Binance recently added to its marketplace two really well-known meme coins, $TST and $CHEEMS, both of which … Read more
Astonishingly, Binance Coin ($BNB) has now reestablished itself as one of the top assets in the crypto market. Overtaking Solana ($SOL) and surpassing a $100 billion market cap, $BNB now stands as the fifth-largest crypto by market cap. Growing confidence in the BNB Chain ecosystem and $BNB itself has powered a recent 16% price increase … Read more
This week’s State of the Network report from @coinmetrics offers an insightful preview of Coinbase’s Q4 2024 earnings. The report is from Research Analyst @TanayVed. He highlights the factors that have positioned the company for what could be an exceptional quarter, indeed. The report notes that trading volume has been surging, stablecoin supply is growing, … Read more
In the world of AI-centric cryptocurrencies, a recent on-chain report shows that the so-called smart money has been making some pretty good moves. For some unexplained reason, over the past week, there has been a veritable buying binge on Ai16z (Eliza) tokens. This is, of course, against the backdrop of market volatility, mixed performances from … Read more
The artificial intelligence sector is experiencing robust growth, with the market capitalization of AI-related assets rising 1.3% just over the past week. The capital for AI tokens has reached a fabulous $34 billion. This wonderful growth isn’t being powered by just a couple of tokens but is instead being driven by a healthy mix of … Read more
A large quantity of $EIGEN tokens, approximately worth $3.18 million, has recently been transferred to Binance, the largest cryptocurrency exchange in the world by volume. A “whale,” or significant holder of cryptocurrency, moved the tokens into the exchange, while previously two months prior, the same whale withdrew 2 million $EIGEN tokens—then substantially higher in price … Read more
In an unprecedented and unexpected twist, Elon Musk just recently switched up his social media name on platform X (formerly Twitter) to “Harry Bōlz,” and the effect was instantly felt across the crypto space. Musk’s profile update seemed pretty harmless but had an enormous ripple effect on this meme coin that was already on the … Read more
Chun Wang, a principal player in the cryptocurrency mining and staking industry, and a co-founder of major blockchain infrastructure companies F2Pool and Stakefish, has further cut his position in Lido DAO (LDO). Wang sold 500,000 LDO tokens for 807,412 USDT at an average price of $1.615. This recent sale is part of a larger ongoing … Read more