In Brief K9 Finance DAO announced the launch of the KNINE utility token that will earn BONE rewards for confirmed transaction blocks. The Shibarium upgrade will include new SHIB and BONE token utilities, set to launch as part of the upgrade planned for 2025. A newer collection of Sheboshi NFTs, built with the ERC-404 token…
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In Brief Filecoin and Solana have announced a strategic integration aimed at enhancing data scalability and accessibility within the blockchain ecosystem. By leveraging Filecoin’s decentralized storage capabilities, Solana aims to optimize block history accessibility, reinforcing its infrastructure reliability. The collaboration spurred a positive market response, with Filecoin witnessing a surge while Solana’s native SOL token…
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In Brief The market witnessed a significant transfer of 3 million MATIC to the Kraken from an address linked to Hermez Network. Market analysts anticipate a potential market breakout for MATIC’s price, citiing the asset recent price resilience and growth. There is a notable increase in daily active addresses on Polygon’s proof-of-stake chain, indicating continued…
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In Brief Crypto whale 0x4a9 nets $2.15 million from WLD, showcasing market’s quick profit potential. Initial transfer of 2.09 million WLD to 0x4a9 balloons in value to $8.03M with market rally. Trader 0x8d7 secures over $1.1 million from diversified crypto investments, including WLD. A crypto whale wallet 0x4a9, amassed a fortune of $2.15 million from Worldcoin (WLD)…
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In Brief Five cryptos are trending due to various factors, offering insights into the market sentiment. Bitcoin’s price surge past $50,000 is attributed to significant inflows into spot Bitcoin ETFs. VeChain, Starknet, Worldcoin, and Livepeer show unique appeal and rapid price increases. Keeping an eye on trending coins can offer valuable insights into investors’ sentiments…
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In Brief Vitalik Buterin praises Farcaster, a decentralized social network built on the Optimism network, for its potential as a Twitter alternative. Farcaster emphasizes user ownership, privacy, and interoperability, with unique measures to limit bot activity through a $5 sign-up fee. Despite challenges, like a significant decline in daily revenue, Farcaster’s innovative features and community…
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Quick Take The Bitcoin ETF market exhibited a continued surge in net inflows on Feb. 13; the trading day saw a total positive net flow of $631 million across all providers, with a total net inflow of 12,736 BTC, according to BitMEX Research. BitMEX data shows that BlackRock IBIT marked a notable achievement with a…
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In Brief Decentralized exchange Curve Finance cautions against a fraudulent app on Apple App Store, posing as them. In November 2022, reports were swirling that Google Play had fake Uniswap app, resulting in users losing thousands. Malicious actors exploit crypto hype, targeting unsuspecting investors with fraudulent applications. Curve Finance announced to its 358,100 followers on X…
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In Brief The Intercontinental Exchange-owned crypto platform Bakkt has received approval to raise $150M to fund its long-term vision. Bakkt’s move to raise capital indicates possible financial instability, as it struggles to generate sustainable operating profits and sufficient cash flows. Despite a recent 7.8% gain, Bakkt’s share prices have plunged over 97% from their all-time…
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Bitcoin’s surge past $50,000 catalyzed a broader market upswing, propelling numerous large-cap alternative digital assets such as Ethereum (ETH), Solana (SOL), and others to significant gains. According to data from CryptoSlate, Ethereum saw a 7% uptick, reaching $2,661, while SOL surged 8% to hit $114. Among the top 10 digital assets, Avalanche’s AVAX spiked 6%…
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