The Dencun upgrade is expected to have a significant impact on Ethereum’s ecosystem, with an anticipated reduction in layer2 network fees. The imminent launch of the Ethereum Dencun upgrade at 14.00 UTC today, March 13, has sparked a notable surge in the prices of native tokens for layer-2 protocols, including Arbitrum, Polygon, and Optimism. According to CryptoSlate’s data,…
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Bitcoin’s surge past $72,000 pushed 99.76% of entities and 99.74% of addresses into profit — the highest level ever recorded. In the ever-fluctuating world of Bitcoin, deciphering market sentiment is akin to reading tea leaves. Yet, advanced on-chain metrics offer a clearer vision, particularly the percentage of addresses and entities in profit—a harbinger of market…
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President Nayib Bukele outlined El Salvador’s lucrative journey within the Bitcoin ecosystem. Nayyib Bukele, the President of El Salvador, revealed that the Central American nation generates multiple Bitcoin revenues from various channels alongside its BTC holdings. In a Mar 11. post on social media platform X (formerly Twitter), the president outlined four additional sources of Bitcoin revenue for the…
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In Brief TON Daily Trading Volume reached new all-time highs, surpassing $314 million. TON EMA lines are still drawing a bullish trend and possible price increases despite the recent surge. The percentage of profitable holders is now at 95%, the biggest value since 2021, which could imply a selling pressure ahead. TON’s daily trading volume…
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Retail traders would not be able to trade these investment products. The London Stock Exchange intends to potentially list Bitcoin and Ethereum exchange-traded notes (ETNs) by the second quarter of this year, as revealed in a Mar. 11 market notice. This followed the UK’s Financial Conduct Authority (FCA) approval for Recognised Investment Exchanges (RIEs) to establish a listed market segment dedicated to…
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Industry experts believe the odds of an Ethereum ETF securing approval in May have fallen significantly due to a lack of activity among relevant parties. In a recent shift of perspective, Bloomberg analysts have significantly lowered the forecast for the approval of a spot Ethereum exchange-traded fund (ETF) by May — setting the probability at a mere…
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In Brief Arbitrum’s native cryptocurrency ARB witnessed a decline amidst anticipation surrounding two pivotal events. As investors brace for a major token unlock event, Arbitrum’s price performance has come under scrutiny. Notably, two whales offloaded approximately 3 million tokens, yielding a substantial profit of more than $3 million. Arbitrum, a prominent Layer-2 network built on…
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In Brief Billionaire investor Bill Ackman has revealed that he could purchase Bitcoin (BTC). He theorizes a scenario where a surge in Bitcoin’s price could lead to economic collapse. However, prominent figures in the crypto market have countered Ackman’s logic. American hedge fund manager and billionaire Bill Ackman has sparked a stir in the crypto…
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Smartphones and other mobile devices have made it easier for people to access and manage their funds and digital assets. However, new privacy concerns and security challenges arose with the increased over-reliance on smartphones for digital asset management. Bad actors have found new ways to infiltrate digital systems and commit fraud, damaging users financially. The SIM swap attack…
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Bridging the divide: The critical role of a unified interoperability standard in blockchain’s mass adoption journey. Undoubtedly, one of the prerequisites for the mass adoption of blockchain technology is secure and seamless cross-chain interoperability. Many potential applications, particularly in complex and regulated sectors, simply can not be deployed without common guidelines and interface definitions. Without…
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