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Excitement brews in the cryptocurrency community as Ethena experiences a notable 9% surge in value today. However, amidst this upward momentum, significant developments regarding token distribution and market dynamics have come to light. In a move to enhance token distribution and decentralization, Ethena has implemented a phased airdrop strategy. The top 2000 Ethena holders will … Read more
In a whirlwind 24-hour period, Ethereum, the second-largest cryptocurrency, made waves by surpassing the $3,000 threshold before settling back to $2,977 at the time of reporting. Adding to the excitement, Ethereum also saw a surge in new wallet creations, with a staggering 267,000 fresh wallets recorded. This influx marks the highest number of new wallets … Read more
Bitcoin, the world’s leading cryptocurrency, has seen a significant resurgence in its market value, climbing back up to $59.3K after a period of volatility. This surge is accompanied by an intriguing indicator: 84.4% of the network’s available supply is now in profit, marking its lowest level in two months. Traditionally, such dips in this ratio … Read more
Block, Inc. co-founder Jack Dorsey told shareholders its Bitcoin-buying plan during an earnings call, saying its an “investment in a future where economic empowerment is the norm.” Go to Source
Bitcoin Runes, the latest addition to the cryptocurrency landscape, has made significant strides since its official launch over a week ago. According to insights from coin98analytics, the platform has seen remarkable growth and activity across various metrics. As of now, there are a total of 52,925 Runes in circulation, with 48,578 currently open for etching. … Read more
Pendle has witnessed a substantial downturn, with a 16% decrease today and a 34% drop over the past week, bringing its price below the $5 threshold to $4.3. In a recent transaction, HashKey withdrew 178,126 PENDLE ($771K) from Binance at a price of $4.33, adding to their existing holding of 624,804 PENDLE ($2.71M). Known for … Read more
Ethereum network transaction fees have dropped to a noteworthy low of just $1.12 per transaction, marking the lowest average cost in a day since October 18th. This decline in fees reflects a broader trend in sentiment within the cryptocurrency market, where traders oscillate between bullish and bearish outlooks. 🤑 #Ethereum’s average fee level has dipped … Read more
The new trading week commenced with Bitcoin, the leading cryptocurrency, experiencing a 3% decline in its value. This downturn comes amid a broader trend of market correction events impacting the cryptocurrency landscape. Glassnode data has provided insights into the realized losses among Bitcoin short-term holder constituent cohorts, spanning various timeframes from 1 day to 6 … Read more
Bitcoin’s recent surge to a new all-time high in daily transactions has been accompanied by the remarkable success of its latest innovation, Runes. Since its launch just one week ago, Runes has made waves in the cryptocurrency world, generating an impressive $135 million in network fees. The launch of Runes coincided with a significant milestone … Read more
The Synthetic protocol, represented by its native token $SNX, has experienced a notable decline of 41% over the past month. However, there’s a glimmer of optimism as the price of $SNX saw a modest 2% increase today. In a move that reflects confidence in the project’s long-term potential, Framework Ventures, a notable investor in Synthetix, … Read more
