Solana’s SOL (SOL) coin price is expected to end July with a 30% monthly return and is likely to challenge its yearly high of $210 in the coming weeks.SOL/USD daily chart. Source: Trading ViewWhile most of the community attributes SOL’s success to Solana’s memecoin frenzy, the network’s robust liquid staking ecosystem is emerging as a compelling on-chain narrative. Let’s take a look at how this current trend is developing on the Solana network.Liquid Staking Tokens Are Leading Solana DeFiCointelegraph recently highlighted that Solana’s total value locked (TVL) has increased by 10% to $5.42 billion, resulting in increased trading volume and…
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Stablecoin • July 29, 2024 5:17 PM EDT Posted 1 minute earlier In ~ PayPal located in Solana korean: +0.15% The stablecoin was launched a few months ago and its token supply already appears to be bridging the gap with the PYUSD token on the Ethereum network.According to the Dune analytics dashboard cited by the Solana Foundation, the Solana-based PYUSD stablecoin currently has a supply of approximately $240 million since its launch in May. According to The Block Data Dashboard, the Ethereum-based PYUSD token has a supply of approximately $348 million.PYUSD on Ethereum was launched about a year ago.“This rapid…
Jessie A Ellis 26 Jul 2024 03:57 OpenAI has launched SearchGPT, a new AI search prototype that provides fast, accurate answers with clear and relevant sources. OpenAI has unveiled SearchGPT, a prototype designed to enhance AI-based search capabilities. According to OpenAI, the new feature aims to provide users with fast, accurate answers, along with clear and relevant sources. Key features of SearchGPT SearchGPT streamlines the search process by incorporating advanced AI algorithms. It is designed to provide quick responses that are not only timely but also backed by reliable sources. This allows users to…
Musk comments on the surge in deepfake scams. Deepfake videos using Musk’s likeness are scamming investors. Musk has been investing in Dogecoin for years. As one of the most influential figures involved in cryptocurrencies, investors often jump on anything Elon Musk says. The problem is that sometimes what they see isn’t really Musk. In a recent interview, Musk addressed the growing problem of deepfake scams using his image to promote various cryptocurrency projects. The comments come after Musk has been promoting his favorite cryptocurrency, Dogecoin, for years. Musk Comments on AI Deepfakes of Himself AI deepfakes are becoming a bigger…
Solana’s SOL (SOL) coin price is expected to end July with a 30% monthly return and is likely to challenge its yearly high of $210 in the coming weeks.SOL/USD daily chart. Source: Trading ViewWhile most of the community attributes SOL’s success to Solana’s memecoin frenzy, the network’s robust liquid staking ecosystem is emerging as a compelling on-chain narrative. Let’s take a look at how this current trend is developing on the Solana network.Liquid Staking Tokens Are Leading Solana DeFiCointelegraph recently highlighted that Solana’s total value locked (TVL) has increased by 10% to $5.42 billion, resulting in increased trading volume and…
On Thursday, July 25, Marc Zeller, founder of one of the world’s leading independent agencies, ghost ghost +3.67% The DAO published: Temperature checks on new Aave governance proposals will lead to “fee switching” Among the various components, the “buy and distribute” program, which proposes to acquire or “buy” AAVE on the secondary market using the protocol’s fee revenue, has received significant attention. After this “interim confirmation” was announced, AAVE’s market cap It rose 10% in two hours and has since risen another 5%, giving it a market cap of $188 million.It is noteworthy that the surge in AAVE’s market cap…
More than $1.5 billion has flowed out of Grayscale’s high-fee Ethereum Trust, more than offsetting inflows into other spot products.
Digital asset manager CoinShares says institutional crypto investors will pour record amounts of money into cryptocurrency exchange-traded products (ETPs) in 2024. CoinShares said in its latest Digital Asset Fund Flows report that digital asset investment products reached a record high last week of the year despite a weak week with net inflows of $245 million. “Digital asset investment products saw relatively modest inflows of $245 million last week, but this obscures a mixed picture for a range of digital assets. Volumes rose to $14.8 billion this week, the highest since May, driven by the recent launch of an Ethereum ETF.…
Jack Anderson 29 July 2024 17:50 Mt. Gox marked a significant event in cryptocurrency history when it began distributing bitcoins to its creditors for the first time in over a decade. After more than a decade of legal proceedings, Bitcoin’s long-awaited distribution has finally arrived.BitcoinAccording to Glassnode Insights, the recovery from the Mt. Gox exchange collapse has begun. The incident marks a significant milestone for creditors who have been fighting for compensation since the exchange collapse in 2013. Mt. Gox Distribution Arrived The total volume of recovered coins is over 141,686 BTC, with just…
Bitcoin faced massive selling pressure after Wall Street opened on July 29, with sellers stubbornly resisting a rally to $70,000.BTC/USD 1-hour chart. Source: TradingViewBitcoin fails to hold $70K againA series of distributions have been tracked that have caused the Bitcoin (BTC) price to drop by 4.5%, according to data from Cointelegraph Markets Pro and TradingView.BTC/USD made a slow gain throughout the weekend and the first Asian trading session, but lost momentum as Wall Street rebounded, falling from a high of $70,016 to a low of $66,839 on Bitstamp.The move coincided with the transfer of roughly $2 billion worth of coins…