James Ding 15 July 2024 19:16 A comprehensive overview of Ethereum staking by Galaxy, covering types, risks, rewards, future projections, and more. As blockchain networks continue to evolve, Ethereum staking is gaining significant attention. According to a comprehensive report from Galaxy, Ethereum stakeholders must navigate an environment that is both full of opportunities and risks. This report is the first in a three-part series that explores various staking activities, including re-staking and liquid re-staking. Ethereum Staking Overview As of July 15, 2024, Ethereum (ETH) holders have staked $111 billion worth of ETH, or 28%…
Author: Crypto Flexs
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On July 15, Constellation Network opened up its Hypergraph blockchain, developed in collaboration with the U.S. military, to application developers at a global hackathon event co-hosted by tech giants IBM and Panasonic.The hackathon marks the debut of Constellation’s “metagraph” application layer, which allows third-party developers to build Web3 applications (or new Layer 1 blockchains) on top of Hypergraph’s existing network. Hypergraph is a so-called “Layer 0” protocol designed to validate and store data from interoperable applications and networks (called metagraphs) in a ledger. According to the announcement, the metagraph works with any data type, interfaces directly with external data sources,…
Altcoin markets have been in a downtrend for the past two weeks, but key indicators suggest the recent decline could signal a “relative momentum bottom” and if history repeats itself, a “full rally” could soon follow, crypto analysts say. According to Jamie Coutts, senior crypto analyst at Real Vision, the top 200 cryptocurrencies equal-weighted index is “still in a downtrend, but the recent sell-off, which hit 10% according to the Altseason indicator, is likely a relative momentum bottom.”The Cryptocurrency Top 200 Equal Weighted Index is an equal-weighted index that tracks the performance of the top 200 cryptocurrencies by market cap…
It looks like we could see ETH approval this week. The news of approval comes as space observers are confident. The recent speculation that an Ethereum (ETH) ETF approval is imminent has sent shockwaves through the markets, resulting in Ethereum posting some of its most impressive price gains in recent weeks. What’s interesting is that despite all this activity, social activity surrounding Ethereum has remained relatively quiet. Is an Ethereum ETF Coming Soon? Nate Geraci provided the latest speculation on Ethereum ETF approval this week, highlighting an optimistic outlook that isn’t driven by specific regulatory indicators, but by broader industry…
Following other altcoins like Bitcoin and Ethereum, Solana is on the rise again after its steep losses in June. Although buyers have yet to reclaim the $155 support level, the expansion over the past few days has added 25% since its crash in early July. Is SOL ready for $1,000? With such encouraging gains over the past few days, traders are expecting a big uptrend in the coming days and weeks. Moving to X, one analyst said the coin could easily rise 6x from its spot price and hit $1,000 in the next bull cycle. In the current situation, it…
Republican presidential nominee Donald Trump has chosen cryptocurrency-friendly Senator JD Vance as his vice president.President Trump announced his victory on Monday in a post on TruthSocial that was widely circulated on social media.“After much thought and consideration, and after considering the tremendous talents of many others, I have decided that the person best qualified to serve as Vice President of the United States is Senator J.D. Vance of Ohio,” Trump posted.The Ohio Republican has been supportive of the cryptocurrency industry and has been critical of the U.S. Securities and Exchange Commission. Last year, Vance, along with other Republicans, sent a…
Felix Pinkston July 15, 2024 18:56 Anyscale launches Replica Compaction to address resource fragmentation, improve resource utilization, and reduce the cost of Ray Serve deployments. Enterprises adopting AI increasingly face resource utilization and cost management challenges. In particular, model serving and inference must be able to scale up and down over time in response to traffic. Ray Serve is a Ray-based scalable model serving library that helps handle these dynamics. Open source systems like Ray Serve can help manage traffic growth, but even sophisticated systems struggle to scale. Under As traffic volumes decrease, this…
Helium Mobile, a decentralized mobile and wireless network, has shared its first progress update since the project released its product roadmap in June.The Decentralized Physical Infrastructure Network (DePin) has announced a pilot program with other telecom operators to explore expanded coverage, improved compatibility with third-party hardware manufacturers, and network interoperability.Helium’s licensing program provides hardware developers with the means to build and market network-compatible hardware such as routers, hotspots, and wireless relays that support wireless communications networks.RAKwireless becomes the first hardware manufacturer to leverage Helium’s licensing program for its MNTD.FI Pro mobile hotspots, currently available only in the United States.Helium is…
Bitcoin was in a tough fight at the $63,000 level as traders looked for further upside signals at the opening of Wall Street on July 15.BTC/USD 1-hour chart. Source: TradingViewBTC Price Downtrend “Over” – AnalystAccording to data from Cointelegraph Markets Pro and TradingView, the bullish trend continues with a daily gain of 3.5%.Bitcoin, up 10% since the weekend, offered new hope that a full-blown bull market was returning after weeks of sideways trading and a liquidation sell-off. Popular trader Peter Brandt noted the length of the correction phase in X, suggesting that “Bitcoin $BTC could be in for a recurring…
North Korean hackers are infiltrating cryptocurrency job postings, according to a report in a trade publication. DL News.According to an article published on Monday, “Evidence suggests that many of these fake applicants are likely North Korean nationals attempting to infiltrate crypto projects for illicit purposes, including collecting sensitive data, hacking, and stealing assets.”The problem is not limited to the cryptocurrency industry. According to the UN Security Council, more than 4,000 North Koreans have been employed by Western technology companies. According to the UN, these “fake employment schemes” are generating more than $600 million for the hermit kingdom.However, recent evidence suggests…