Social media platform X has suspended an account called MakeNowMeme, which allowed users to launch their own Solana-based memecoin simply by posting tweets on the platform. On the account page, X noted that the platform suspends accounts that violate its rules.“@makenowmeme X account has been suspended and is under review for recovery. Mining is currently suspended.” MakeNowMeme official website saidHe added that he will also provide webpage updates with new solutions.MakeNowMeme required X users to launch their own MemeCoins by posting a tweet in a specific format that started with a dollar sign and the ticker name, followed by the…
Author: Crypto Flexs
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The project released its white paper just days after surpassing 300 million users. Project Officials Promise ‘Largest Cryptocurrency Airdrop’ Hamster Combat, a popular Telegram-based game, recently reached a major milestone by reaching 300 million users in just five months since its launch. But that’s not all. Hamster Kombat has released a whitepaper and updated its development roadmap to further expand its massive user base, providing insight into its future plans and token economics. What does the white paper say? According to the newly released whitepaper, Hamster Kombat will allocate 60% of its total token supply to community distribution, with the…
Jorg Hiller Aug 2, 2024 11:48 According to a CoinGecko survey, only 19% of crypto participants expect NFTs to return this cycle, with gaming and metaverse items seen as the most bullish use cases. According to a recent survey conducted by CoinGecko, only 19.4% of crypto participants expect NFTs to make a comeback in the current cycle. The survey, which collected responses from 2,558 crypto enthusiasts, paints a rather bleak picture of the immediate future of NFTs. Will NFTs Make a Comeback?Despite the overall bullish sentiment in the crypto market, 54.1% of respondents do…
Chris Lee predicts that blockchain will soon shift from horizontal scaling to vertical scaling. Vertical expansion can increase the efficiency of online casinos and improve the user experience. Advanced solutions like atomic swaps can replace wrapped assets while maintaining decentralization. Chris Lee, a former Microsoft engineer and founder and CTO of Ava Protocol, makes a bold prediction about the future of blockchain technology. According to Lee, the focus of blockchain development is expected to shift from horizontal to vertical expansion in the next five years. This shift is expected to redefine how various industries utilize blockchain technology, especially in terms…
Ether is struggling to maintain its position in the market as major bearish signals are confirmed on the long-term chart. ETH price plunges below major trend lineETH’s daily candle closed below the 200-day moving average (200-DMA), a move that has seen corrections several times before. ETH/USD on the 1-day chart. Source: Trading ViewOn the other hand, the spot Ethereum ETF provided a small glimmer of hope to the ecosystem, recording net inflows of $26.7 million on August 1. Ethereum fees have been plummeting since March.According to the latest on-chain data, Ethereum generated an average daily fee of over $10 million…
Ethena Labs’ synthetic dollar will be launched as margin collateral on cryptocurrency exchange Bybit as USDe token adoption grows. The new integration will see USDe launched as a margin collateral for traders with an annual percentage rate (APR) of up to 20%.According to Bybit’s co-founder and CEO Ben Zhou, this will bring more efficiency and flexibility to Bybit’s traders’ trading strategies. Zhou …“By leveraging USDe, traders can now benefit from a unique combination of stability and potential returns while managing their collateral. For Bybit users, this means access to a range of stablecoin options, including crypto-native solutions like USDe.”The new…
Ark Invest sold 108,751 shares of ARKB stock. Bitcoin Bitcoin +0.20% On Thursday, the Next Generation Internet ETF (ARKW) issued a $6.9 million exchange-traded fund (ETF).ARKB, issued by Ark and 21Shares, saw a combined net outflow of $22.4 million on August 1, while the spot Bitcoin ETFs saw a combined net inflow of $50.6 million.The investment firm led by Cathy Wood also increased its Coinbase stock sales yesterday, selling 31,517 shares ($6.7 million) of ARKW and 37,552 shares ($8 million) of the Fintech Innovation ETF (ARKF), after selling $2.7 million worth of COIN on Wednesday, according to the firm’s latest…
Peter Zhang 02 Aug 2024 09:02 Binance has announced an update to its margin liquidation fees, effective August 12, 2024, to protect users and ensure market stability. Binance, one of the world’s leading cryptocurrency exchanges, has announced an important update to its margin liquidation fees, which will be effective on August 12, 2024 at 06:00 (UTC). According to Binance, this change is intended to enhance user protection and maintain market stability. Update Details The updated margin liquidation fee is part of Binance’s ongoing efforts to provide users with a safe trading environment. The company…
Hackers are exploiting Terra’s outdated security patch to mine tokens out of thin air. This comes just a week after TerraForm Labs announced its repayment plan. The Terra community has figured out the culprit, but the depleted funds are long gone. Terra Luna’s blockchain continues to experience issues. TerraForm Labs’ native chain was temporarily suspended at block 11430400 on July 31, 2024. This action was taken after multiple blockchain intelligence platforms raised alerts that over $6 million worth of digital assets had been lost, including 60 million ASTRO tokens on the Astroport liquidity protocol on the Terra Luna chain. 🚨…
Over the past few months, Solana brush -3.95% We have experienced a surge in on-chain volumes, complemented by a surge in daily active addresses, with the 7-day moving average recently surpassing 2 million. Data dashboard of the block.This has led to a huge influx of users into the dapps-driven ecosystem. Radium ray -6.84% Pump fun, and Zito JTO -4.59% It is also where the network generates the most fees.Among these dapps, Raydium emerged as the largest fee generator from Solana users. The decentralized exchange (DEX) recorded $30 billion in trading volume in July, making it the second largest DEX trading…