Over $4 million worth of short positions were liquidated as the SOL price rose above $187. FashionFi meme coin Pudlana has brought forward its pre-sale as the sector surges amidst the US political climate and bullish predictions for cryptocurrencies. POODL reached $3 million in sales on July 27, just 10 days after its pre-sale launch. The cryptocurrency market has seen over $63 million liquidations in the past 24 hours. According to data, most of these, nearly $45 million, are in short positions. Over $4 million worth of bearish bets liquidated as Solana (SOL) broke through $187. Meanwhile, Poodlana soared to…
Author: Crypto Flexs
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Lawrence Jengar 27 July 2024 14:40 EigenLayer will distribute a minimum of 4% of the total supply of EIGEN by launching AVS rewards and EIGEN program incentives that benefit stakers and operators. EigenLayer is ready to introduce new rewards and incentives that will benefit stakers and operators within the ecosystem. According to the EigenLayer blog, Actively Validated Services (AVS) will soon gain the ability to reward participants, which represents a significant step forward in the evolution of the protocol. AVS Rewards and Programming Incentives In the upcoming program incentives, a minimum of 4% of…
After a brief pullback, Bitcoin (BTC) has started to march back towards the psychological resistance level of $70,000, suggesting that every little dip is being bought. CryptoQuant CEO Ki Young Ju said in a post on X that “358K BTC were moved to permanent holder addresses in July,” suggesting that Bitcoin is “in an accumulation phase.”Marathon Digital Holdings, the world’s largest Bitcoin miner, added $100 million in Bitcoin to its holdings last month, bringing its total holdings to over 20,000. The company’s CEO and Chairman Fred Thiel said in a July 25 X post that Marathon is holding Bitcoin as…
According to a study released by cryptocurrency exchange Gemini, three out of four cryptocurrency owners said a candidate’s cryptocurrency stance would influence their vote in the upcoming U.S. presidential election.According to Gemini’s 2024 State of Crypto survey preview, one in five Americans owns cryptocurrency. The full survey is due out in September. Of those Americans who own cryptocurrency, 73% say they ” According to the survey, the question of interest is “what position the candidates will take on cryptocurrencies when electing the next President of the United States.” “Gemini today released a brief preview of its State of Crypto 2024…
Tony Kim 27 Jul 2024 09:33 We explore the challenges that Bitcoin blockspace poses when using rollups as a data availability layer, focusing on costs, competition, and potential solutions. Bitcoin’s block space is very scarce, with each block limited to 4MB. This scarcity poses significant challenges for rollups that want to leverage Bitcoin as a data availability layer. The emerging Bitcoin-based rollup landscape is primarily ZK-based, aiming to publish ZK-Proof outputs and state differences every 6–8 blocks. However, this approach faces a significant hurdle: each data publication consumes up to 400KB (0.4MB) of block…
BlackRock is skeptical of interest in non-Bitcoin and Ethereum ETFs. Despite BlackRock’s cautious stance, Solana rose 5%. Other institutions, including Franklin Templeton, do not share this position. Exchange-traded funds (ETFs) are often referred to as the backbone of institutional investment in cryptocurrencies, providing a regulated way for traders to gain exposure to digital assets. However, US traders have so far only had access to Bitcoin and Ethereum ETFs. However, shortly after the recent approval of the Ethereum ETF, there has been talk of expanding ETFs to other assets, with Solana and XRP in particular appearing as the most likely candidates.…
On-chain researcher ZachXBT, who requested anonymity, has raised questions about the accountability of Irene Zhao, founder of the SO-COL platform and crypto influencer, and what steps she is taking to compensate those harmed by the project.This is in response to a statement by Zhao detailing several allegations regarding her involvement in several cryptocurrency projects. In the statement, Zhao discussed IreneDAO, a project that she said started in January 2022 as a fun experiment with minimal expectations.Web3 project failureThe project gained unexpected popularity, with millions of dollars in trading volume in just a week. Zhao ensured transparency by ensuring that the…
Kamala Harris is now the presumptive Democratic presidential nominee after incumbent President Joe Biden abruptly withdrew from the race last Sunday.These developments raise questions about how the Harris administration in the White House will approach Bitcoin and the cryptocurrency sector in general.Immediately after Biden’s announcement, Bitcoin briefly fell 3% as the market adjusted its expectations for a pro-crypto Trump victory in November’s election. The digital asset then broke back above $67,000 on the back of anticipation surrounding Donald Trump’s upcoming speech. In ~ Bitcoin Bitcoin +1.71% Nashville, Tennessee, 2024.Kamala Harris PresidencyWith Harris’ odds of winning the November election rising to…
Jack Anderson 27 Jul 2024 09:53 Arkham Intelligence has announced a new feature that will allow users to register a unique username on the platform. According to arkhamintelligence.com, Arkham Intelligence has launched a new feature that allows users to register a unique username on the platform.New feature announcementThe latest update to Arkham Intelligence introduces a highly anticipated feature: the ability for users to claim their own unique usernames. This feature aims to increase user personalization and identity on the platform.According to the announcement, usernames are unique to each user and will play a key…
A widely known cryptocurrency analyst has shared his outlook on two different digital assets, saying he is bullish on the flagship MIME coin. Anonymous trader Altcoin Sherpa told his 219,000 followers on social media platform X that Dogecoin (DOGE) could surpass $0.50 in the next 6-12 months, representing a potential return of more than 275% from current levels. “DOGE is a great coin, but due to its market cap, its returns won’t be anywhere near what they were in previous cycles. Still, if you’re big and still want to capture *some* meme mania, it’s a good coin.” Source: Altcoin Sherpa/X…