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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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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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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In Brief BlackRock’s iShares Bitcoin Trust ETF (IBIT) has swiftly amassed 196,065 BTC, surpassing MicroStrategy’s holdings. This milestone underscores the growing demand for spot Bitcoin ETFs, highlighting unprecedented BTC accumulation. Bitcoin’s pice briefly surged to a new all-time high of nearly $70,000 driven by the high demand for Bitcoin ETFs. BlackRock’s iShares Bitcoin Trust ETF’s…
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In Brief In the past 24 hours, Shiba Inu’s burn rate experienced an unprecedented surge, increasing by over 23,000%. Despite these significant burning activities, SHIB’s price saw a decline of more than 7% during the same period. Meanwhile, Shiba Inu lead developer Shytoshi Kusama is leading the crusade for BONE listing on Binance. Shiba Inu’s…
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In Brief Shiba Inu price has noted a 271% rise over the past two weeks but has lost momentum over the last few days. Active deposits, which are the first signal of profit taking, are at their highest, suggesting SHIB holders might move to sell. About 46.32 trillion SHIB worth over $1.6 billion is on…
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