With layer 2 developer StarkWare cartridge, We introduce a new scaling framework called ZKThreads to improve the scalability of decentralized applications on Layer 2 Starknet through execution sharding enabled by zero-knowledge proofs.It builds on the fractal scaling vision introduced by StarkWare in 2021.ZKThreads will be used to expand Starknet’s array of “fractal scaling” solutions and will provide an alternative to existing ZK coprocessors that operate in a similar manner, StarkWare told The Block.Therefore, although effective, traditional coprocessors often operate independently, fragmenting liquidity and reducing interoperability between applications. The introduction of ZKThreads aims to address this fragmentation problem by providing a…
Author: Crypto Flexs
In this week’s newsletter, read about Captain Tsubasa’s non-fungible token (NFT) game debuting on the Oasys blockchain and the Korean university launching Metaverse with an LG subsidiary. See how blockchain gaming investments reached nearly $1 billion in April and read about Dolce & Gabbana’s lawsuit over NFTs. In other news, Coffeezilla has cleared up allegations of NFT fraud perpetrated by an artificial intelligence (AI) company. Korean university launches Metaverse with individual student accessLG U+ started the Metaverse experience at Yonsei University. The virtual world recreates the school’s Sinchon campus, complete with explorable landmarks such as the auditorium and library. The…
In a significant development for the recently approved Ethereum ETF in Hong Kong, the ETF product launched by Chinese fund manager ChinaAMC saw a significant increase in net inflows, surpassing HK$5 million (US$640,780) as of noon on Wednesday. The surge is the largest ever inflow, following the previous high of HK$3.77 million on Tuesday. ETF launchInvestors are expecting a similar product to be approved in the U.S. for the market’s second-largest cryptocurrency, which has contributed to increased interest in these ETFs. Hong Kong’s Ethereum ETF breaks trading record According to the South China Morning Post reportOn this day, over 1.28…
OKX, STARL and ANT margin trading pair delisting postponedLeading cryptocurrency exchange OKX has announced the postponement of the delisting of its STARL and ANT margin trading pairs and perpetual futures. The announcement was made on May 23, 2024, and according to OKX’s official announcement, the details are as follows:Acting contentThe STARL/USDT and ANT/USDT pairs were scheduled to be delisted at 7:00 AM UTC on May 27, 2024 and 9:00 AM UTC on May 27, 2024, respectively. However, this delisting has now been postponed. The new delisting time will be announced at a later date.OKX will…
A closely watched analyst says altcoins are likely to spark a new rally while Bitcoin (BTC) decides its next move. Household trader Rekt Capital tells his 470,000 followers on social media platform “Welcome to the Q2 Altcoin Hype Cycle. Altcoin Bottoming Out process is underway.” Source: Rekt Capital/X As of this writing, total altcoin market capitalization has increased to $294 billion, up from $76 billion in November 2022, during the worst bear market. Looking at Bitcoin, Rekt Capital says BTC is potentially forming a bull flag on the monthly chart. As the name suggests, a bull flag is generally considered…
Pepe price reached $0.0000142 ATH, showing resilience and market prowess. Among the factors that triggered Pepe’s rally are the surge in Ethereum and altcoin circulation. Despite profit-taking by early investors, whale activity continues to create optimism. In a surprising turn of events, the price of Pepe surged to a new all-time high, reaching around $0.0000142. This surge is a significant milestone for the frog-themed meme coin as it establishes itself as one of the best-performing coins in the cryptocurrency market. Notably, the current bullish momentum in Pepe price comes after a period of internal challenges among developers, which represents a…
Versatile Design: At Kraken, our people come first. Company culture has long been a differentiator for us and our employees. Our flexible workspace puts employee wellbeing first, based on structured communication across team functions and levels. Newsweek’s rankings are based on analysis by the Best Practice Institute. This year’s list compiles the results of a survey of more than 2 million employees across a variety of industries and company sizes. Newsweek publishes its Top 100 list each year to recognize business models that prioritize employee respect, consideration, and appreciation.Pranesh Anthapur, Chief Human Resources Officer at Kraken, said: “Despite the volatility…
The U.S. spot Bitcoin exchange-traded fund (ETF) reported net inflows totaling $153.91 million on Wednesday, recording net inflows for the eighth straight day. BlackRock’s IBIT had the largest net inflow among the 11 ETFs, at $92 million. data From SoSoValue. Fidelity’s spot Bitcoin ETF received $75 million in inflows, while funds from Ark Invest and 21Shares attracted $3 million on Wednesday.Meanwhile, Grayscale’s GBTC returned to net outflow on Wednesday, with $16 million flowing in. Seven other funds, including Bitwise and VanEck, recorded zero flows.The U.S. spot Bitcoin ETF has accumulated a total of $13.33 billion in net inflows since its…
Cryptocurrency prices remained relatively flat following the FOMC minutes, but US stocks fell as inflation concerns made a hawkish decision unlikely. Despite the positive consumer price index (CPI) report in April, Fed officials remain skeptical that progress in combating inflation justifies cutting interest rates. According to minutes from the most recent Federal Open Market Committee (FOMC) meeting, price levels have kept inflation this year well above the Fed’s 2% target. Some stakeholders who attended the policy meeting suggested considering raising interest rates, but officials, including Chairman Jerome Powell, expressed opposition to austerity economic policies. Federal Reserve President Christopher Waller has…
Ethereum whales have seen explosive activity recently, according to on-chain data. Here’s what these titans did. Ethereum Whale Trading Hits Highest Since March In a new post by X, market intelligence platform IntoTheBlock discussed how ETH whales have recently become active. The on-chain metric of interest here is “large number of transactions.” According to the analytics firm, this indicator tracks the total number of Ethereum transactions worth more than $100,000 on the network. Related Reading These large transfers are relevant to these massive investors as typically only whale companies can make such large single transaction moves. Therefore, a large transaction…