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Archives by Year:
Microsoft Has Patented a Token Interoperability Tool
Key Takeaways Microsoft has been granted a patent that describes a token creation service aimed at enterprise chains. The service would allow developers to create cross-platform assets. Microsoft has not explicitly stated that it plans to turn the patent into an actual product or service. This news was brought to you by Phemex, our preferred […]
MetaMask Is Open to Creating Its Own Crypto Token
Key Takeaways The MetaMask team has revealed plans for a possible token release. However, it has no immediate plans. The launch will happen on the condition the MetaMask token has a compelling use case for its own custom cryptocurrency. The team expressed concerns around the possibility that releasing the token will lead to a pump […]
Chainlink Must Reclaim $25 as Support to Avoid Bigger Losses
Key Takeaways Chainlink has breached the $25 support level. On-chain data shows that the most significant interest area ahead sits at $20. While whales continue to book profits, the odds for lower lows increase. This news was brought to you by Phemex, our preferred Derivatives Partner. Chainlink has lost a significant demand barrier as support, […]
People Are Scouring Ethereum for Lost NFT Projects
Key Takeaways The crypto space is experiencing an NFT boom that’s been dubbed “NFT summer.” After avatars and generative art pieces, many of Ethereum’s oldest NFT projects have seen a resurgence. Notable early projects that have soared in value include EtherRocks and Curio Cards. Early Ethereum projects are exploding amid wild speculation in the NFT […]
Morgan Stanley Owns Over One Million Grayscale Bitcoin Shares
Key Takeaways Morgan Stanley has purchased more than one million Grayscale Bitcoin Trust shares, according to an SEC filing. The bank holds indirect exposure to Bitcoin across more than 30 portfolios. The latest update marks a significant uptick in the bank’s Bitcoin exposure from June. Morgan Stanley analysts think Bitcoin has “a long way to […]
COTI Surges 60% Following Coinbase Listing News
Key Takeaways Coinbase Pro has announced that it will make COTI available for trading on Aug. 26. The announcement has led to a significant spike in volatility. As long as COTI can hold above $0.40, it could target a new all-time high of $0.74. This news was brought to you by Phemex, our preferred Derivatives […]
Solana Integrates Chainlink to Offer Crypto Price Feeds
This news was brought to you by ANKR, our preferred DeFi Partner. Solana announced today that it has integrated Chainlink with its platform, allowing developers to utilize decentralized price feeds. Solana Devnet Adds Chainlink Chainlink is an oracle service that provides price feeds for more than 75 asset pairs, including BTC/USD and ETH/USD. Solana says […]
Why is Avalanche Soaring?
Key Takeaways Avalanche’s AVAX token is up 341% in the last 30 days. Avalanche has recently attracted blue chip DeFi projects Aave, Curve, and SushiSwap. Several other nascent DeFi projects in the Avalanche ecosystem are likely contributing to the growth. As competition between Layer One protocols keeps heating up, one project in particular, Avalanche, is […]
Bitcoin, Ethereum Uptrend Tempered by Profit-Taking
Key Takeaways Bitcoin and Ethereum have both declined by more than 6% in the last 24 hours. As exchange inflows increase, on-chain analysts believe that a spike in profit-taking is under way. Further selling pressure could see BTC dive to $40,000 and ETH to $2,400. This news was brought to you by Phemex, our preferred […]
Cardano Is Getting an Ethereum-Compatible Sidechain
Key Takeaways dcSpark is building a sidechain called Milkomeda to connect Cardano to Ethereum. The sidechain will use wrapped Cardano (wADA) as the native asset to pay for transaction fees. dcSpark has plans for more sidechains that connect Cardano with Solana and other Layer 1 networks. Cardano may soon have its first sidechain for interoperability […]
