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Tron Network Witnesses Surge In Activity And Market Dominance

The Tron Network has recently experienced a remarkable surge in activity, as highlighted by data from Intotheblock. Year-To-Date Daily Active Addresses on the network have seen a significant spike, indicating heightened user engagement. On May 6th alone, there were 3 million active addresses involved in transactions, with a staggering 7 million recorded transactions. The Tron […]

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Cryptocurrency Market Witnesses Significant Decline Amid Outflows

In the tumultuous landscape of the cryptocurrency market, the past week has been marked by a substantial downturn, sending shockwaves across various digital assets. Among them, the popular memecoin $SHIB has experienced a notable 4% decline in value over the course of the week, reflecting the broader trend of market contraction. A recent report has […]

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Ethena Protocol’s Innovative Approach Gains Traction In DeFi Space

A recent analysis sheds light on Ethena protocol’s unique capability to generate USDe, a synthetic dollar, through a delta-neutral strategy. This method involves a careful balance of cryptocurrencies and cryptocurrency derivatives to uphold the stability and integrity of USDe. One standout feature of Ethena is the opportunity for users to earn over 10% APY on […]

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Ethena Token Plummets Below $1 Amidst Significant Sell-Off

Ethena, the popular cryptocurrency token, continues its downward spiral as it dips below the $1 mark, shedding 20% of its value in a single day to reach a trading price of $0.947. In a concerning development, the project’s multi-signature address has initiated a substantial recharge of 35.12 million $ENA tokens to various exchanges including Gate, […]

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Large Wallets Accumulate Stablecoins Amid Rising Market Caps

Over the past three weeks, there has been a noticeable trend of large wallets rapidly accumulating stablecoins. Wallets holding at least $5 million in cryptocurrency have collectively increased their holdings by 5.09% of the combined supplies of major stablecoins such as USDT, USDC, BUSD, DAI, TUSD, and USDP. According to data from Santiment, the total […]

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Crypto Market Sees Modest Recovery Amidst Bearish Trends

After a sluggish start to the trading week, the cryptocurrency market has shown signs of a slight rebound today across various assets, providing a glimmer of optimism for traders and investors alike. Recent on-chain reports have shed light on the movements of smart money players within the market, particularly in response to the recent pullback. […]

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Ethereum Faces Volatility Amidst Speculation On ETF Approval

In recent trading sessions, Ethereum ($ETH) experienced a notable price drop of over 10% from its peak of $4,000. However, despite this downturn, a significant majority of Ethereum holders, approximately 89%, remain in a profitable position.  As investors assess the potential for Ethereum’s price to rebound towards the $4,000 range, on-chain data highlights a key […]

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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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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 […]