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Since Sept. 15, 2024, onchain fees on the Ethereum network have seen a steady rise, jumping from $1 per transaction to $5.08 by Sept. 20. Though there was a slight dip, bringing fees down to just over $4 on Sept. 23, the average cost per transfer reached 0.0027 ETH ($7.06) on Tuesday morning. Ethereum Users … Read more
An early bitcoin whale has made waves in the crypto world, according to the onchain analytics platform Arkham Intelligence. This long-time holder transferred five bitcoins to Kraken, while still sitting on an impressive 1,215 BTC—worth a hefty $77 million as of today. Arkham: Vintage Bitcoin Whale Sends 5 BTC to Kraken After Years of Inactivity … Read more
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine the budget proposal of Salvadoran President Nayib Bukele, which contemplates eliminating debt issuance and how this might change the Salvadoran economy and its outlook. Latam Insights Encore: Bukele’s Zero Debt … Read more
After the arrest and subsequent release of Telegram CEO Pavel Durov in France, his Telegram channel shared that the messaging platform has updated its terms of service and privacy policy. According to these changes, the platform may disclose the IP addresses and phone numbers of users who violate laws or Telegram’s rules “to relevant authorities.” … Read more
Memecoins on the Solana blockchain saw notable gains on Thursday following the Federal Reserve’s interest rate cut. Among the standout performers was Dogwifhat ($WIF), which surged by 6.55%, securing its place as one of the top-performing memecoins. The token boasted a trading volume of $424 million, drawing significant attention from traders. In a major move, … Read more
At around 4 AM on September 20 (Singapore time), BingX’s technical team detected unusual network activity, suggesting a potential hacker attack targeting the platform’s hot wallet. In response, an emergency plan was swiftly implemented, which included suspending withdrawals and urgently transferring assets to protect user funds. While some assets have been lost, the amount is … Read more
Meme tokens have gained immense popularity, but their tokenomics often involve more complexity than meets the eye. Many meme projects claim that “100% of tokens are launched upfront,” but this doesn’t always tell the full story. While it’s true that all tokens may be released at launch, a large portion—sometimes over 90%—can be held by … Read more
Litecoin ($LTC) is gaining momentum, with transactions exceeding $100,000 over the past seven days reaching an impressive $20.09 billion. This figure is nearly on par with Ethereum’s ($ETH) $22.83 billion, despite $ETH having a significantly larger market capitalization. #Litecoin is accelerating! Transactions greater than $100k over the past 7 days now stand at $20.09 billion! … Read more
Like many altcoins, Pendle ($PENDLE) saw impressive gains during Monday’s trading session, hitting a 50-day high of $3.68. This surge followed the opening of bitcoin-linked liquidity pools with Lombard Finance and Use Corn, offering fixed annualized yields of just over 10% and floating yields as high as 45%. The move has strengthened Pendle’s fundamentals, attracting … Read more
Once hailed as a promising token, $ARB has faced a steady decline in price since its launch in March 2023. Despite Arbitrum’s growing success in terms of total value locked (TVL), stablecoin market capitalization, active addresses, trading volume, and an expanding ecosystem of developers and projects, the token’s value has not reflected these positive developments. … Read more