ETH Users Turn to Private Trading Rather than Preemptive Trading Private transactions accounted for 30% of total trading volume but consumed 50% of Ethereum gas. Throughout this year, the cryptocurrency markets have experienced significant change, development, and increased volatility. Amidst these market changes, Ethereum (ETH) has seen growth in network activity, revenue, and addresses. Likewise, private trading order flow has surged significantly in the past year. Ethereum users prefer private transactions Source: Blocknative According to research by Blocknative, there has been a significant increase in private trading order flow on the Ethereum network. According to our data, private transactions consumed…
Author: Crypto Flexs
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Everyone seems to agree that social media has become a cesspool, with cancel culture mobs enforcing ideological purity on one side and trolls spreading conspiracy theories on the other. X and Facebook have been accused of amplifying hate and conflict, and the riots in the UK show how a few social media posts can ignite a cauldron of boiling anger and resentment. In response, governments around the world are cracking down on free speech. Turkey has banned Instagram, Venezuela has banned X, and the British government has jailed people for inciting violence, and in some cases for simply holding outrageous…
Trade • August 21, 2024 5:56 PM EDT Posted 1 minute earlier ~ in Quick take McDonald’s Instagram Account Seemingly Hacked to Promote Solana Token ‘Grimas’ NBA All-Stars Jimmy Butler and Ben ‘Beat Boy’ Armstrong Settle Class Action Lawsuit Against Binance Bitcoin Trading Slumps After Downward Revision of US Job Growth The following is an excerpt from The Block’s newsletter, The Daily, published weekday afternoons. Happy Wednesday! In today’s Daily, we look at how hackers hacked McDonald’s Instagram account to promote Solana tokens, NBA players and YouTubers reach a settlement in a Binance-related class action lawsuit, Bitcoin trading is at…
The Linestone Core Module is a set of smart account modules to expand smart account functionality. The Core Module Bundle includes the following modules developed by Linestone: Auto-save: Automatically saves a portion of the received tokens to the vault. ColdStorageHook: Protect your accounts by switching to cold storage for your assets ColdStorageFlashloan: Unlock the utility of assets in cold storage with flash loans DeadmanSwitch: Protect your account by setting up Deadman Switch HookMultiPlexer: Use multiple hooks based on specific conditions MultiFactor: Protect your account more securely by multiplying different validators OwnableExecutor: Control your account from another account. OwnableValidator: Own the…
On August 21, scammers hacked McDonald’s official Instagram page and used the fast food giant’s social media pages to promote and advertise a memecoin called “Grimace,” before stealing over $700,000 from Solana.According to screenshots shared by X, McDonald’s Instagram page posted a series of posts promoting a fake token based on the fast-food chain’s purple mascot, Grimace.Screenshot from McDonald’s Instagram promoting Grimace tokens. Source: XSeveral posts described the fake Memecoin as “Solana’s McDonald’s experiment,” which spread to 5.1 million followers worldwide.According to data from blockchain analytics service Bubblemaps, the hacker first used the Solana memecoin distributor pump.fun to wipe out…
Rebecca Moen 21 Aug 2024 17:16 ElevenLabs’ Reader app is now available globally on iOS and Android, supporting 32 languages and high-quality AI voices. ElevenLabs has announced the global launch of its Reader App, available on both iOS and Android platforms. This significant release supports 32 languages and allows users to listen to all text content using high-quality AI voices. Features and Availability According to ElevenLabs, the Reader app is designed to give users the ability to listen to a variety of text formats, including books, articles, and PDFs, while on the go. The…
Bitcoin (BTC) has gained 21% since retesting the sub-$50,000 level on August 5, but the price has struggled to hold above $62,000. Meanwhile, the S&P 500 has fully recovered and is currently trading just 1% below its all-time high set on July 16. Bitcoin is facing several conflicting trends, including derivatives indicators that reflect low buyer interest and macroeconomic indicators that suggest traders are increasingly moving out of cash positions. Interestingly, this stock market rally coincides with a significant decline in U.S. Treasury yields, indicating strong demand for these traditionally safe haven products. In essence, traders are now willing to…
Brazil Approves Second Solana ETF This incident occurred two weeks after the first incident. Brazil’s Solana ETF can be seen as an example in other countries. Exchange-traded funds (ETFs) are seen as a key vehicle for institutional cryptocurrency investment, as they provide a regulated way for institutional investors to gain exposure to crypto assets. In most jurisdictions, including the United States, investors have access to most Bitcoin and Ethereum ETFs. However, Solana investors hope that this could change. Brazil has recently made headlines for its active support of Solana ETFs, including listing the first Solana-based ETF on the B3 exchange…
that apartment appropriate +4.29% The blockchain saw a massive surge in activity on August 15, with daily transactions reaching a whopping 69 million. This represents a significant spike from the network’s typical daily average of around 1 million transactions.This record number of transactions raises questions about the nature and sustainability of this surge in activity.The dramatic increase appears to be related to the launch of UPTOS, a derivatives of the meme-based platform Pump.fun, and it is likely that the surge was driven by speculative interest rather than fundamental network growth.This sudden influx of activity highlights both the potential and limitations…
Potential Downturn for EthereumEthereum, currently trading at $3,410, could crash to $2,400 with the launch of a spot ETH exchange-traded fund (ETF). Andrew Kang, co-founder and partner at Mechanism Capital, shares this bearish outlook, predicting a decline of around 30% from current prices. Andrew Kang highlighted several factors that could limit the upside potential of an Ethereum ETF in a June 23 post on X (formerly Twitter), contrasting it with the strong institutional interest in Bitcoin.Limited institutional interest and cash flow concernsMr. Kang argued that a recession was expected, making the following key arguments:Minimum incentive: There is little incentive for…