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EigenLayer ($EIGEN), a leading player in the re-staking space, was officially listed on several major centralized exchanges (CEXs) following its token unlock last night. Trading opened this morning with an initial price of $4.05 and a fully diluted valuation (FDV) of $6.8 billion. $EIGEN unlocked last night and finally went live for trading Opening this … Read more
Arbitrum, the Ethereum Layer 2 optimistic rollup, has reached a significant milestone, surpassing 1 billion transactions since its launch in 2021. This impressive achievement highlights its growing popularity and efficiency within the blockchain ecosystem. While Base currently leads in daily transactions, Arbitrum maintains its dominance in total value locked (TVL), boasting an impressive $2.5 billion. … Read more
Memecoins are experiencing a resurgence, riding the wave of Bitcoin’s recent rally. With many showing double-digit gains over the past 30 days, the meme coin market cap has surged to $54 billion, before settling at $49.9 billion. As Bitcoin crosses $65,000 and Q4 begins with positive momentum, bolstered by a Fed rate cut, market sentiment … Read more
Solana is making waves in the blockchain world, leading net inflows in September with a staggering $763 million, outpacing all other blockchains combined. ‼️BREAKING: #Solana DeFi TVL Hits $5.70B, Reaching Levels Last Seen 1,000 Days Since the Peak In January 2022. pic.twitter.com/zXWQMwdP7w — CoinEcho (@mycoinecho) October 1, 2024 This influx highlights the increasing momentum behind … Read more
Wrapped Bitcoin ($WBTC) continues to assert its dominance in the DeFi ecosystem, with record-breaking usage across various DeFi platforms, including lending, yield farming, decentralized exchanges (DEXs), and derivatives markets. According to data from @intotheblock, WBTC has cemented its position as a critical asset in DeFi, with lending emerging as its most prominent use case. A … Read more
The recent performance of tokens in the TON ecosystem on Binance has been marked by sharp declines. Over the past 30 days, several tokens have seen significant losses. DOGS is down 38.77%, HMSTR has dropped by 47.08%, and CATI has fallen by 37.08%. These tokens have struggled to maintain value, with declines of around 30% … Read more
Since early 2024, Bitcoin and Ethereum have experienced a decline in active addresses, a crucial metric for gauging market sentiment. For the bulls to regain control, an influx of new investors is essential. Current Market Snapshot: – Bitcoin active addresses: 1.17M (early 2024) → 855K – Ethereum active addresses: 382K (early 2024) → 312K Since … Read more
October, notoriously known as “Uptober” among crypto enthusiasts, has kicked off on a sour note. Bitcoin and Ethereum plummeted over 4% each, with $BTC hitting $61,750 and $ETH tumbling to $2,495. Uptober has started with a drop, with bitcoin and Ethereum dropping over 4% each 📉$BTC hit $61,750, while $ETH fell to $2,495 👀 This … Read more
The U.S. Securities and Exchange Commission (SEC) has filed a formal notice of appeal against Ripple Labs in the U.S. Court of Appeals for the Second Circuit. The appeal follows a district court’s ruling in August, which the SEC argues contained significant legal errors. SEC Challenges Ripple Labs Ruling in U.S. Court of Appeals On … Read more
Jonathan Chester, CEO of Bitwage, has detailed how the company has been serving Argentine remote workers who prefer collecting payments from employers abroad in stablecoins. Chester stated that 70% of its customers in the country use stablecoins, reinforcing that these have helped Argentines increase their net salaries up to 50%. Bitwage CEO Jonathan Chester: 70% … Read more