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Arbitrum, a Layer 2 scaling solution for Ethereum, currently accounts for over 14% of the total decentralized exchange (DEX) trading volume. However, despite its significant presence, only around 2% of $ARB token holders are actually turning a profit, with the token currently priced at $0.53 – a 94% loss for most holders. Given this backdrop, … Read more
Rives, a blockchain gaming project, has announced the launch of its Doom Olympics, a unique competition built on the Cartesi platform. The tournament will feature seven distinct challenges inspired by the classic video game Doom, rewarding top players with over $15,000 in prizes. Rives Combines Blockchain and Classic Gaming With Doom Olympics Rives has structured … Read more
Two days ago, former President Donald Trump made headlines by announcing his family’s decentralized finance (defi) platform, World Liberty Financial, boldly claiming the initiative is “embracing the future with crypto.” Meanwhile, over on Polymarket, a blockchain-powered predictions platform, a new bet has emerged. People are now speculating on the chances of Trump launching a cryptocurrency … Read more
Sam Bankman-Fried, co-founder of FTX, has filed an appeal against his conviction, arguing that key evidence was improperly excluded from his trial. His attorneys claim that legal errors denied him a fair trial and seek a retrial with a different judge. Sam Bankman-Fried’s Appeal Targets Conviction Over Alleged Legal Missteps In an appeal filed with … Read more
A large whale address, which previously offloaded significant amounts of SUN, has sold another $1 million worth of the token within the past two hours. This latest sale caused the price of SUN to drop by nearly 3%, bringing it down to $0.02461. This address, responsible for previous major sales, continues to influence the market, … Read more
This week, $PEPE witnessed a significant spike in trading volume, surpassing that of other leading memecoins like DOGE, SHIB, and WIF. In just 24 hours, $PEPE racked up nearly $1 billion in volume, a figure greater than the combined volume of the other top memecoins. For those paying attention to the numbers, $PEPE hit $984 … Read more
The rise of Solana-based memecoins continues, with $POPCAT gaining significant traction, especially among large investors. Despite broader market downtrends since March, $POPCAT has defied expectations, steadily rising in value since its launch. The increasing decentralization of top holders is a testament to its growing popularity. Strength of Solana Memecoins accounting for Top Holder Decentralization. Top … Read more
A Solana whale has accumulated over 170,000 SOL, worth approximately $23 million, in the past 24 hours, signaling strong investor interest despite concerns about SOL’s inflationary effects. 🚨BREAKING: SOLANA WHALE ACCUMULATES OVER 170,000 SOL WORTH $23 MILLION IN LAST 24 HOURS🚨 pic.twitter.com/RtJvqRLlcR — SolanaNews.sol (@solananew) September 11, 2024 Meanwhile, Pump.fun, a well-known fee account, sold … Read more
Avalanche ($AVAX) has recently been in the spotlight, with Franklin Templeton adding the token to its blockchain fund and Grayscale Investments launching an Avalanche Trust. As a Layer 1 blockchain network, Avalanche, which launched in May 2019 and went live on mainnet in September 2021, is preparing for its most significant upgrade yet—Avalanche 9000. Avalanche … Read more
Coinbase has unveiled Coinbase Wrapped Bitcoin (cbBTC), giving users a gateway to decentralized finance (defi) apps on Ethereum and Base, using bitcoin (BTC). The cbBTC token is essentially a wrapped version of bitcoin, fully backed by BTC held in Coinbase’s custody. Coinbase Wrapped Bitcoin Opens New Defi Opportunities According to the San Francisco-based crypto exchange, … Read more