Argin Chronicles
July 2024 saw significant developments in the Layer 2 ecosystem, with Base and opBNB emerging as key players. Base recorded the highest number of new addresses, adding 12.7 million, while opBNB led in total transactions, surpassing 209 million. Address Growth and Activity Optimism maintained its lead with 155.8 million unique addresses, followed by Base with […]
Solana continues to dominate as the top Layer 1 blockchain in the market, with significant developments over the last 48 hours bolstering its position. Stablecoins Surge on Solana In a major move, Circle, the issuer of the USDC stablecoin, minted $250 million worth of USDC via its treasury wallet on Solana, sending ripples through the […]
Since yesterday, the market has been favoring both Bitcoin and altcoins, signaling a strong rebound. Despite recent dips, the Bullish Falling Wedge pattern remains intact for $RIO. The price of $RIO made a significant recovery, forming a hammer pattern when it touched 80 cents. Currently, $RIO is trading at $0.94, eyeing a reclaim of the […]
Following the Federal Reserve’s positive statements, both the stock market and Bitcoin have shown robust recovery, with Bitcoin surging by 13%. This upward momentum has positively impacted the broader market, raising hopes for favorable news on the Bitcoin ETF, particularly from BlackRock. $BTC – Is the market in the phase of recovery yet?🧵(August 6 updated […]
The crypto markets have experienced a significant retrace, leading traders to once again speculate on Bitcoin (BTC) dropping below the $50K mark. Historically, when the 7-day average trader returns for top cryptocurrencies like BTC, ETH, ADA, XRP, DOGE, and LINK are low, the likelihood of a market bounce increases considerably. 📊 Crypto markets have retraced […]
Weekend is finally bringing a bit of solace to the crypto markets, with mild bounces forming for Ethereum (ETH) and Solana (SOL). ETH has managed to climb back just above $3,000, while SOL is trading slightly above $150. This recovery comes after a period of heavy liquidation of long positions during the market drop. The […]
Today, Wormhole ($W) is set to unlock approximately 33.3% of its circulating supply, which amounts to about 600 million $W tokens. This will increase the total circulating supply to 25.78%. Here’s what to expect with this significant $W unlock Token Unlocks: The upcoming unlock stems from the community allocation. Initially, 11% of the tokens were […]
A recent report from IntoTheBlock has examined the activities of the second-largest Aave GHO whale, known as luggisdoteth, who employs a leveraged long ETH strategy using GHO. This whale has been gradually increasing their ETH position by minting GHO with wstETH and swapping the stablecoin for ETH. While leveraging carries inherent risks, this whale utilizes […]
SuiNetwork, a decentralized Layer 1 blockchain, is making waves with its promise of fast and cheap transactions. Developed by Mysten Labs, Sui is designed to make Web3 secure and reliable for everyone. The team behind Mysten Labs includes several former members of Meta’s Novi digital wallet program, with Even Cheng serving as CEO. Backed by […]
$DEAI, a raising star in the decentralized AI space, is showing significant movement with its Fully Diluted Valuation (FDV) surpassing $290 million and a market cap of $28 million. A recent announcement from Zero1 Labs has fueled a 25% surge in $DEAI’s price over the past 24 hours. Several key factors are driving this growth: […]