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President Nayib Bukele pondered how El Salvador adopted the bitcoin banner and evaluated how it has fared for the country so far. In a recent interview given to Time magazine, Bukele admits that while Bitcoin adoption has not grown as he expected, adopting bitcoin as a legal tender worked as a rebranding for the nation. … Read more
According to recent metrics, Ethereum’s onchain fees continue to stay impressively low, with the average transaction cost this weekend at just 0.00029 ETH or $0.743. Etherscan reports that even high-priority fees are under 1 gwei, sitting around 0.972 gwei as of press time. Additionally, ultrasound.money data reveals that Ethereum’s issuance rate is currently inflationary, clocking … Read more
The Bitcoin market cycle indicator has once again entered a bear phase, signaling caution for investors. From a valuation standpoint, if Bitcoin’s price falls below $56,000, the risk of a larger correction could increase significantly. #Bitcoin market cycle indicator is again in BEAR phase (light blue area). From a valuation perspective, if the price pierces … Read more
While the broader crypto market has been in decline, Ethereum-based memecoin $PORK has defied the trend, posting a significant 100% gain over the past three days. Over the past week, $PORK has emerged as a top performer among cryptocurrencies, recording an impressive 143.78% increase in value. 🚨BREAKING: Ethereum memecoin $PORK dominates the Top Crypto Gainers … Read more
In a sign of growing risk aversion, $ENA stakers have started to liquidate their holdings. A prominent whale, known by the address 0x8fA…CA160, recently withdrew all 5.64 million $ENA tokens staked in Ethena and Pendle, worth approximately $1.44 million, and transferred them to Binance yesterday. This whale had accumulated these tokens at an average price … Read more
Kraken’s latest move to include Shiba Inu (SHIB), Pepe Coin (PEPE), and Dogwifhat ($WIF) as collateral for futures trading is drawing significant attention. These tokens, once regarded merely as meme coins, are now gaining serious traction in the futures market. By allowing these assets to be used as collateral, Kraken is adding a new layer … Read more
The price of $FLOKI has plunged 17.7% in the past 24 hours, sparking concerns within the memecoin community. This sharp decline coincides with the reappearance of a previously dormant wallet linked to @RealFlokiInu, which had been inactive for 2.5 years. Nine hours ago, this wallet made a significant move, depositing 15.22 billion $FLOKI tokens, valued … Read more
Onchain data reveals that Ethereum co-founder Vitalik Buterin recently shifted 800 ether, valued at just over $2 million, from a well-known address. After the initial transfer, 190 ether was reportedly exchanged for 477,000 USDC. Vitalik Buterin Moves 800 Ether to Multisig Wallet, Sparks Social Media Interest On Aug. 30, 2024, the X account Lookonchain shared … Read more
After lingering around the $59,000 mark, bitcoin’s value has faced downward pressure, dipping to an intraday low of $57,775 on Friday. Over the past 24 hours, bitcoin (BTC) has slipped by 4.6%, while ether (ETH) saw a 5.4% decline. Friday Crypto Slide: Bitcoin Falls, Ether Sinks, and Liquidations Jump The crypto market is in the … Read more
After a 40-day interview hiatus, Vice President Kamala Harris has finally given her first Q&A session since President Joe Biden announced he won’t seek re-election in 2024. According to Polymarket’s election betting odds, former President Donald Trump is currently edging ahead, leading by a modest 1 percentage point. At the moment, Trump holds a 50% … Read more