The ZKsync Association plans to airdrop 3.675 billion ZK tokens next week to early users and adopters of the Ethereum layer 2 network ZKsync.This represents 17.5% of the total supply of 21 billion ZK tokens, ZKsync said on Tuesday. This will be a one-time airdrop and users can claim tokens starting next week until January 3, 2025, ZKsync said. Contributors can claim starting June 24th.An additional 49.1% of the token supply will be distributed through ecosystem initiatives, with 17.2% allocated to investors and 16.1% to the Matter Labs team.“Offering more tokens than the Matter Labs team and investors in the…
Author: Crypto Flexs
Read More
One closely watched cryptocurrency analyst has listed five altcoins he believes are showing strength despite choppy market conditions. Pseudonymous cryptocurrency trader Altcoin Sherpa informs his 217,200 followers on social media platform Solution Stack (STX) and layer 1 blockchain Toncoin (TON) are both strong in a typically range-bound market. “Keep an eye on these for active trading. A lot of them look cr*p at the moment.” According to analysts, Wormhole is one of his top picks. However, he warned that W could still decline and stagnate. “W is one of the most powerful coins right now. If you are actively trading,…
Ethereum price failed to clear resistance at $3,720. ETH has fallen again and is now at risk of further losses below the $3,550 support area. Ethereum began a new downtrend at the $3,720 resistance zone. The price is trading below $3,650 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bearish trendline forming with resistance near $3,680. If the price closes below the $3,550 support, the pair could extend its losses. Ethereum price falls again Ethereum price attempted a significant rise above the $3,650 resistance zone. ETH surged above $3,700, but…
The cryptocurrency market is a dynamic and ever-evolving ecosystem driven by various factors, including market depth. Market depth, often referred to as order book liquidity, plays a crucial role in determining crypto prices and influencing trading strategies. In this comprehensive guide, we will delve deep into the concept of market depth, explore its significance in the crypto market, and analyze how it impacts prices and trading strategies. By understanding market depth and its implications, traders can make more informed decisions and navigate the crypto landscape with confidence. What is Market Depth? Market depth, in the context of cryptocurrency trading, refers…
Arkham Intelligence has unveiled a new feature called Bulk Upload, designed to allow users to efficiently add address clusters to custom Arkham entities. This update allows users to copy and paste up to 50 addresses at a time, streamlining the process of managing address clusters on the platform. How to use the bulk upload feature To utilize the bulk upload feature, users must navigate to the entity page in their private label dashboard and click the “Bulk Upload” button. From here, users can copy and paste the address directly into the dialog or upload a…
join us telegram A channel to stay up to date on breaking news coverage Cryptocurrency prices have been on the rise recently, and the overall market atmosphere is favorable. Recently, Bitcoin (BTC) has been hovering around the $67,000 to $69,000 range, and Ethereum (ETH) is trying to reach $4,000, creating mixed feelings among investors. But discerning Next Cryptocurrency to Explode Since most funds are attracted to asset pumping, it may take some work. In today’s article, we take a look at the performance of the cryptocurrencies that have dominated the rising list over the past 24 hours. The goal is…
June 10: worm-hole, Blockchain interoperability protocols allow owners to According to the team, W tokens will be staked in the Tally Governance Portal, “allowing the opportunity to participate in governance and influence the future direction of the Wormhole DAO and platform.” The update is “an important step in decentralizing Wormhole through MultiGov,” Wormhole said in a statement, “the industry’s first multichain governance system for DAOs on Solana, the Ethereum mainnet, and EVM L2.” “Wormhole DAO is the first to support MultiGov.” By adopting it, we will allow W holders to create, vote, and execute governance. Offers for all supported chains.”
The 11th-largest U.S. spot Bitcoin exchange-traded fund (ETF) recorded daily net outflows of $64.93 million on Monday, ending its longest streak of inflows at 19 days. Grayscale’s GBTC leads the way in outflows this week, totaling $40 million. Other funds also recorded investor redemptions on Monday, with Invesco and Galaxy Digital’s BTCO reportedly experiencing net outflows of $20 million. data In small value. Valkyrie’s Bitcoin ETF also reported net outflows of $16 million. Fidelity’s FBTC recorded net outflows of $3 million, its first negative flow since May 2.BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, recorded a net…
Polygon has surpassed Ethereum in terms of gas usage and overall activity. The price of MATIC has fallen significantly over the past few days. Polygon (MATIC) has seen a significant increase in activity over the past few months and has been slowly and steadily gaining interest from several users. Polygons race to the top. As Polygon grew in popularity, it surpassed Ethereum in terms of gas usage. Moreover, Polygon has surpassed Ethereum in terms of monthly active users. Source: Token Terminal Ethereum’s adoption could slow as users flock to Polygon for its low fees and fast transactions. However, it is…
Bitcoin price failed to stay above the $68,500 support area. BTC has extended its losses and is currently showing signs of weakness below the $68,800 level. Bitcoin began another decline near the $70,150 resistance zone. The price is trading below $68,800 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bearish trendline forming at resistance $69,500. The pair could advance further if there is a clear move below the $68,000 level. Bitcoin price falls again Bitcoin price attempted another rally above the $69,500 resistance zone. BTC broke the $70,000…