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Algorand Network Sees Surge in Active Users With Over 175K Active Users Amidst Node Reward Criteria Update

The Algorand network experienced a remarkable surge in active users, reaching over 175,000 individuals on a single day. This surge represents a significant increase compared to the year-to-date average of approximately 40,000 users. Notably, the last time Algorand witnessed such high user activity was back in December 2023. Is Algorand waking up? The @Algorand network […]

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Arbitrum Gas Fee Reductions Set To Lower Transaction Costs Amid Dencun Upgrade

In an exciting development for the Ethereum ecosystem, gas fee reductions are scheduled to take effect on March 18, offering significant relief to developers utilizing the Arbitrum Layer 2 (L2) solution. This initiative, implemented in conjunction with the Dencun upgrade, promises to slash layer-2 transaction costs by a factor of ten, marking a notable advancement […]

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Exciting News As Binance Launches Aevo (AEVO) On Leading Exchanges

In an eagerly awaited development, Binance, alongside other reputable exchanges such as Bitget and Okx, has officially listed Aevo (AEVO) as part of its 48th Launchpool.  AEVO is LIVE on #Binance! We noticed someone claimed an #airdrop of 400,303 $AEVO($1.18M) via 3 wallets and deposited it into #Binance.https://t.co/MgIcWy5XWT pic.twitter.com/tJU86a8h7t — Lookonchain (@lookonchain) March 13, 2024 […]

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Space ID Token Surges Amidst Market Downturn

Amidst a general downturn in the cryptocurrency market today, Space ID stands out with a remarkable surge, gaining as much as 20% in value. Yesterday’s report revealed significant activity involving Wallet 0x92e, which received a substantial amount of $ID tokens from the SpaceID Protocol multi-sig. Shortly after, the wallet deposited 1 million $ID tokens, valued […]

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MakerDAO Adjusts Fees Amidst Market Volatility

Recent on-chain data from Spotonchain has revealed a significant transaction involving Whale 0x8af in the Maker (MKR) ecosystem. In the past few hours, Whale 0x8af made a strategic move by selling 939.8 MKR tokens for 2.54 million DAI, capitalizing on a 30% increase in MKR value over the past two days.  This decision allowed the […]

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Maker Co-Founder’s Token Exchange Sparks MKR Surge

Rune Christensen, one of the co-founders of Maker, recently orchestrated significant token exchanges involving SHIB, the native token of Shiba Inu, and LDO, the native token of Lido DAO, in favor of MKR, Maker’s native token.  These transactions, revealed through on-chain reports, had a substantial impact not only on MKR’s value within the Ethereum-based smart […]

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Binance Initiates Mining for New Coin $AEVO

Today marked the initiation of mining activities for the newly introduced cryptocurrency, $AEVO, by Binance, one of the leading cryptocurrency exchanges in the world. In recent hours, a significant development unfolded as Blast’s fourth-largest staking whale secured a substantial loan of 39,593 $BNB, valued at approximately US$18.65 million, from Venus and Radiant. The borrowed funds […]

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Bitcoin Rebounds Above $67.6K Amid Bullish Trader Sentiment

Recent market movements have sparked bullish sentiment among traders as Bitcoin surged back above the $67.6K mark, inching closer to its previous all-time high of $69.2K by a margin of 2.4%.  While uncertainties loom, the possibility of a new all-time high remains plausible, especially with potential inflows from whales and ETFs. 🧐 Trader sentiment is […]

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EigenLayer Transforms Ethereum Ecosystem With Enhanced Security And Validation

The Ethereum ecosystem is experiencing a profound transformation with the advent of EigenLayer, a protocol designed to bolster the network’s security and utility for ETH stakeholders. Through the validation of various software modules, known as Actively Validated Services (AVS), EigenLayer is fortifying Ethereum’s resilience and functionality. EigenLayer’s remarkable ascent is evident in its total value […]

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Axelar (AXL) Reaches New High Following Binance Listing

Axelar (AXL), an altcoin renowned for its focus on interoperability, recently made headlines after Binance announced its listing on the platform.  The news propelled AXL to a remarkable all-time high of $2.65 on Friday, marking a staggering 45% increase over the past week. Currently ranked 90th in terms of market capitalization, AXL’s surge underscores the […]