• arrow_back Home
  • keyboard_arrow_rightBlog horizontal

Blog horizontal

Results 141-151 of 517 remove Page 15 of 52

Category filter keyboard_arrow_down
trending_flat

News

Weekly Crypto Market Report: Key Developments And Accumulation Trends

The recent market crash marks a pivotal transition phase, with significant shifts across leading coins and growth in various segments of the ecosystem. Here’s a roundup of the most notable events: $BTC experienced significant price volatility last week, fluctuating between $49,000 and $63,000, largely influenced by ongoing war news. Many altcoins, including $ALT, $ENA, $REZ, and $PIXEL, reached new lows during this period. $ETH briefly touched $2,100, but the recovery across the Ethereum ecosystem, including tokens like $LDO and $SSV, was less robust compared to others. $SOL showed a faster and stronger recovery than Ethereum, with its market cap surpassing that of $BNB. This raises questions about Solana’s potential to continue outperforming. $FRIEND saw a steep decline, with its price dropping below $0.10—down over 90% from its all-time high, sparking concerns about the future of the #SocialFi wave. $RON faced […]

Will Izuchukwu August 13, 2024

trending_flat

News

Layer 2 Networks Thrive In July 2024: Base And opBNB Lead The Pack

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 97.5 million and Arbitrum with 35.7 million. Base and Mantle both saw a 14% growth in new addresses, with Base adding 12.7 million in July alone. Optimism also experienced a surge in new addresses, peaking at 600,000 on July 30. Transaction Volume and Growth Daily transaction volumes were dominated by opBNB, Base, Arbitrum, and Linea. opBNB averaged 6.7 million daily transactions, with Base at 3.6 million. Notably, Base and Blast saw a 27% increase in total transactions, while Linea and Scroll grew by 20% and […]

Will Izuchukwu August 9, 2024

trending_flat

News

Solana: Leading The Blockchain Race With Key Developments In The Past 48 Hours

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 ecosystem. USDC now represents about 70% of the stablecoin supply on Solana, despite its share being only around 30% on Ethereum. Notably, PayPal’s PYUSD, launched less than two months ago, now makes up approximately 11% of Solana's total stablecoin supply. The dominance of USDC on Solana can be attributed to the collaborative efforts of Circle and the Solana Foundation, which have been actively incentivizing developers and integrating trading platforms. Additionally, Circle's Cross-Chain Transfer Protocol (CCTP) on Solana has further improved USDC's liquidity and usability. On-Chain […]

Will Izuchukwu August 9, 2024

trending_flat

News

Market Rebound: Bitcoin and Altcoins Lead The Charge

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 $1 mark. https://twitter.com/oct_trades/status/1820726775904702620?t=F54SMpEMCFsUFtH2MW1DiA&s=19 The rapid recovery of $RIO amidst a major market downturn is noteworthy, underscoring the unpredictable nature of both stocks and cryptocurrencies. While many investors faced losses during the crash, this rebound offers a glimmer of hope and showcases the resilience of certain assets. https://twitter.com/ja1405_ja/status/1820714739619774508?t=7zQtBk8Sbtl00qdVUFa7Rw&s=19 Market volatility can be nerve-wracking, but maintaining a calm demeanor and adhering to a long-term strategy often yields the best results. According to iCrypto, there has been a high buy volume from Smart DEX Traders over the past […]

Will Izuchukwu August 7, 2024

trending_flat

News

Market Surge Following Fed Statements: Bitcoin And Stocks Rally

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. https://twitter.com/iCryptoAI/status/1820639447995887862?t=3xJxMUPhqEdr_-ndm0v9WA&s=19 Top Gainers and Market Trends Among the top gainers are $NEIRO, $ANDY, $BITCOIN, $PEIPEI, $BRETT (on Base), $MIGGLES, and $SATS. The meme coin trend is leading the charge, closely followed by Ethereum. Additionally, the Base ecosystem is garnering significant attention. Notable Accumulation and Market Movements $TAO has seen strong accumulation by smart money, despite already rising 49% from yesterday's bottom. It is showing notable strength on the charts, having validated its support at $186 and making its way toward $348 with substantial volume. The expectation is for Bitcoin to remain bullish, which could further support $TAO's upward […]

Will Izuchukwu August 7, 2024

trending_flat

News

Crypto Market Retrace Sparks Calls For Sub-$50K BTC As ETF Dynamics Shift

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. https://twitter.com/santimentfeed/status/1819502487222526287?t=5r4mkpaZbBPb2sK8NPiAYg&s=19 On August 2nd, Bitcoin spot ETFs saw a substantial net outflow totaling $237 million. Specifically, the Grayscale Bitcoin Trust (GBTC) recorded a single-day outflow of $45.9462 million. Fidelity's Bitcoin ETF (FBTC) experienced a significant single-day net outflow of $104 million. In contrast, BlackRock's iShares Bitcoin Trust (IBIT) noted a single-day inflow of $42.8142 million. https://twitter.com/mycoinecho/status/1819651142806081691?t=dy6ZQilpkP4XFZuYhtc1aw&s=19 More Bitcoin Exposure Happening Soon In a groundbreaking move, Morgan Stanley will allow its 15,000 financial advisors to offer Bitcoin ETFs to clients starting August 7. This initiative marks the first instance of a […]

Will Izuchukwu August 5, 2024

trending_flat

News

Saturday Brings Relief To Crypto Markets With Ethereum and Solana Leading The Bounce

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 hope now is that the market's greed remains tempered, paving the way for a sustained weekend relief rally. https://twitter.com/santimentfeed/status/1819717554505441645?t=5VBgNjlBqwCYQDEgZwfCZw&s=19 This recent dip is reminiscent of the one experienced in early July. However, the same level of enthusiastic dip buying seen previously hasn't emerged yet. Traders are closely watching key psychological levels such as $60,000 for Bitcoin (BTC) and $2,900 for ETH. Reaching these levels may provide the necessary confidence for traders to start investing heavily again. https://twitter.com/santimentfeed/status/1819547131499405666?t=T15QreRmDUMR6iFlbZDoQw&s=19 Massive Net Outflow On Spot Bitcoin ETF On […]

Will Izuchukwu August 5, 2024

trending_flat

News

Wormhole ($W) Prepares For Major Token Unlock

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 unlocked during the airdrop at the Token Generation Event (TGE). Now, an additional 6% will be unlocked, fully completing the community allocation. Price vs. Unlock Impact: The Wormhole Foundation will hold the 600 million $W tokens in trust, intending to use them for future community-related projects. This approach likely means there won’t be any immediate selling pressure from this unlock, which is positive news for $W holders. https://twitter.com/Token_Unlocks/status/1819236571415302402?t=6OZ7l9PmQJ7rtuDW2HzljQ&s=19 FDV & Market Cap Comparison with Related Projects: | LayerZero | Axelar | Wormhole | |-----------|--------|----------| | […]

Will Izuchukwu August 2, 2024

trending_flat

News

Aave Whale Uses Low-Risk Leveraged ETH Strategy With GHO

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 low leverage and actively manages their position, thereby reducing the risk of liquidation. Despite GHO’s historical peg issues and the challenges of manual leveraging, the GHO market's peg stability has improved significantly. Since February, the peg has been well-maintained, thanks to the safety module in place. The whale can also profitably arbitrage any downside depegs by selling their GHO, which helps restore the peg and allows them to repay part of their loans. This strategy leverages the benefits of being the largest holder of AAVE, […]

Will Izuchukwu August 2, 2024

trending_flat

News

SuiNetwork: The Future Of Fast And Affordable Blockchain Transactions

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 major venture capital firms like Binance Labs, a16z, and NCSoft, Mysten Labs raised $300 million in a funding round for Sui's development in September 2022. https://twitter.com/C__thumbs/status/1818176875845259754?t=vZSxaUis_vD58NB8akWdUw&s=19 Sui launched its incentivized testnet in August 2022, followed by the mainnet going live in May 2023. The blockchain aims to integrate the best features of Bitcoin and Ethereum while addressing their limitations by offering reduced latency, instant transaction finality, and increased transaction speed. This results in a fast, private, and seamless DeFi experience. $Sui stands out with several […]

Will Izuchukwu July 31, 2024

Login to enjoy full advantages

Please login or subscribe to continue.

✖

Go Premium!

Enjoy the full advantage of the premium access.

✖

Stop following

Unfollow Cancel

✖

Cancel subscription

Are you sure you want to cancel your subscription? You will lose your Premium access and stored playlists.

Go back Confirm cancellation

✖