Category Archive: Cryptocurrency, No picture
Forbes lists XRP, ADA, LTC, ETC among top “zombie” tokens
The number of tokens exceeds 14,000, and the crypto market cap stands at $2.4 trillion, but more may not always be merrier. Forbes has identified a group of 20 cryptos, dubbed “zombie blockchains,” that maintain high market valuations despite showing little to no real-world utility or user adoption.The list includes well-known names such as Ripple […]
Franklin Templeton’s Ethereum spot ETF listed on DTCC
Franklin Templeton’s proposed spot Ethereum ETF has appeared on the Depository Trust and Clearing Corporation’s (DTCC) new securities list with the ticker EZET. This development occurred just a day following reports of the SEC’s probable rejection of spot Ethereum ETF applications.The DTCC listing represents a preliminary step in the trading process, yet it does not […]
Solana cat coin PAJAMAS soars over 500% in one week
Cat-themed token PAJAMAS soared over 500% over the past seven days and shows the largest growth of Solana-based meme coins of this period, shows data aggregator CoinGecko. The token is inspired by the cat of the same name which starred in the first cat video on YouTube, and is also the pet of Steve Chen, […]
‘The new $10 billion protocol’: Bitcoin builder explains what is Runes
Runes are a new narrative within the crypto ecosystem that leverages the Bitcoin (BTC) blockchain infrastructure. This new sector reached $346 million in total market cap in less than a week, according to data aggregator RunesMarketCap.However, as it happens with many new concepts in crypto, many investors aren’t familiar with Runes yet. Bitcoin infrastructure Bitcoin […]
Grant Yun’s debut NFT collection on Solana sells out in 9 minutes
Digital artist Grant Yun debuted his non-fungible token (NFT) collection “Life in Japan” on Solana’s marketplace Exchange Art on April 18, through the drop “A Bright Spring Day”. The NFTs sold out within nine minutes after the mint became public. The collection delves deeply into memories from his time in Korea and frequent visits to […]
Mode TVL soars 140% as users hunt for airdrops
Mode surpassed $344 million in total value locked (TVL) and shows the largest growth among Ethereum layer-2 blockchains over the past 7 and 30 days, according to data aggregator DefiLlama. This huge leap in TVL could be related to users rushing to farm Mode’s native token airdropped, rumored to have a snapshot at the beginning […]
Bitcoin halving won’t be enough to sustain a bull run: Kaiko Research
Bitcoin’s latest halving event is unlikely to trigger a sustained bull run over the next 12 to 18 months, according to the report “Bitcoin’s Fourth Halving: This Time is Different?” by analysis firm Kaiko.Despite historical periods of substantial returns post-halving, the current climate is marked by a mature asset class and uncertain macroeconomic conditions. A potential […]
ezETH depeg puts ETH restaking volatility into the limelight
Renzo’s liquid restaking token (LRT) ezETH experienced a dramatic drop this week, losing over 7% of its peg with Ether (ETH) within hours, with some 50% depeg in some decentralized applications. This decline was further intensified by the liquidation of leveraged yield farmers utilizing ezETH as collateral for high-risk loans and inserts the volatility of […]
Bitcoin maxis could shield the market from Mt. Gox sell-off effects, suggests expert
As the Mt. Gox exchange prepares to release billions of dollars worth of Bitcoin (BTC), market analysts speculate on the potential for a sell-off that could depress Bitcoin prices. Despite these concerns, industry leaders posit that Bitcoin maximalists and long-term holders might mitigate any significant market downturn.Approximately 142,000 BTC, valued at over $9 billion, and […]
Marathon Digital’s hash rate is pulling ahead of expectations a week after the halving
Marathon Digital, a Bitcoin mining firm based in Florida, has announced that it is ahead of schedule on its growth plans and may achieve its hash rate target of 50 exahash per second (EH/s) by the end of 2024, a year earlier than initially anticipated.The company’s energized hash rate stood at 27.8 EH/s on March […]
