Ethereum is experiencing its longest inflationary period since the Dencun upgrade in March, with 350,000 ETH (worth about $1.1 billion) added to its supply, according to Ultrasound.money data. Ethereum’s current inflation rate is 0.35%.The increase brought total supply to 120.4 million ETH, leaving just under 95,000 ETH remaining, consistent with levels seen in the September 2022 Ethereum Merge.Ethereum supply change after merger (Source: Ultrasound.money)Nearly two years of ETH supply decline were wiped out in just seven months following EIP-4844, also known as Dencun or Proto-Danksharding.How Dencun Changed Ethereum’s Supply DynamicsThe Dencun update introduces important changes that reduce Ethereum’s default fee…
Author: Crypto Flexs
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Bitcoin (BTC) fell below $96,000 on November 24, suggesting short-term traders are taking profits near $100,000. Corrections are part of every bullish phase that causes novice traders to panic, while experienced traders see dips as buying opportunities.Prediction markets predict it will hit $100,000 in 2024. There is an 81% chance that Bitcoin will be above $100,000 on December 31, according to data from betting platform Kalshi. Mid-term forecasts predict Bitcoin will reach $122,000 by the new year.Daily view of cryptocurrency market data. source: Coin360Another optimistic voice is that of Georgii Verbitskii, founder of the TYMIO decentralized finance platform. He told…
Currently in the cryptocurrency space, Tether is minting an additional 3 billion USDt, non-fungible tokens (NFTs) are set to end November with strong momentum, and TYMIO founder Georgii Verbitskii expects the Bitcoin price to reach $180,000 by the end of 2025. It is expected to reach .Tether issues an additional 3 billion USDt amid historic Bitcoin rallyTether minted an additional $3 billion in USDt stablecoin on November 23 as investor interest in the cryptocurrency market surged due to the historic rise in the price of Bitcoin.On-chain data shows that the stablecoin company minted an additional $2 billion (USDt) on the…
Being a real cowboy wasn’t easy. Imagine arguing with stubborn cows all day and ending up smelling like you lost a bar fight with a skunk. With the blazing sun, saddle wounds stabbing your back, and the occasional snake deciding on your boots, you’re living a life that looks cozy and makes modern office drama look like a spa retreat. And let’s not forget the real tragedy. There wasn’t even Netflix to make the endless plains bearable. There was nothing but dust, danger and a constant diet of beans. No wonder they went to Brokeback! If saddle sores or snake…
Jessie A. Ellis November 21, 2024 05:02 Binance Pay has launched the NOTCOIN Red Packet Sweepstakes, inviting users to claim rewards and participate in ranking challenges for additional cryptocurrency prizes. According to Binance, Binance Pay has announced a new promotional event offering NOTCOIN red packet prizes. Through this initiative, users in eligible countries and regions can also claim Red Packets to invite friends and receive additional Red Packets.Promotion DetailsThis promotion, which runs until November 30, 2024, encourages users to invite others to participate. The top 10 users based on number of successful invitations will…
Stellar’s XLM has surged more than 187% in the past seven days, reaching a high of $0.63. Market optimism has grown as analysts predict that XLM could reach between $3 and $5. Technical indicators suggested a possible short-term correction. In a dramatic turn of events, Stellar’s native cryptocurrency XLM soared, sending investors and market observers into a frenzy of excitement. The asset rose more than 80% in just 24 hours, reaching highs not seen since early 2021. As whispers spread that XLM is approaching the $1 mark, many are wondering if this is just the beginning of a much larger…
jack anderson November 21, 2024 05:35 Binance announces support for KAVA network upgrade and temporarily suspends deposits and withdrawals. Transactions will not be affected during the upgrade process. Binance, one of the leading cryptocurrency exchanges, will support KAVA’s upcoming network upgrade as announced on the platform. This upgrade will temporarily suspend deposits and withdrawals on the Kava network starting at 14:00 UTC on November 21, 2024. Network upgrade details The Kava network upgrade is scheduled to take place at block height 12,766,500 and is expected to occur around 15:00 UTC on the same day.…
Ethereum (ETH) rival Avalanche (AVAX) is positioning itself for another big bounce against a new price target, widely followed cryptocurrency trader Rekt Capital said. Rekt Capital told its 514,000 followers on social media platform “Avalanche has officially doubled down after successfully retesting Macro Downtrend as a support. Holding the light blue level ($38.57) with December support could lead to a rise to ~$60 over time.” Source: Rekt Capital/X As of this writing, AVAX is trading at $42.90 and is up over 70% this month. Traders also have their radar on Dogecoin (DOGE), which has seen a rally of over 200%…
Tony Kim November 24, 2024 15:48 Explore the latest regulatory updates impacting the world of cryptocurrency, including SEC issues, global developments, and significant legal action for November 2024. As November 2024 draws to a close, the cryptocurrency landscape continues to navigate complex regulatory developments. According to a16z crypto, significant legal and regulatory actions have shaped the industry, impacting various stakeholders globally. SEC Developments and Legal Issues The Securities and Exchange Commission (SEC) has been at the center of several pivotal decisions. Gary Gensler, the 33rd Chairman of the SEC, announced his resignation, effective January…
contributor Posted on: November 24, 2024 Aave has surged 3.79% in the last 24 hours. With a bullish crossover and strong buying pressure, Aave is positioned to reach $200. Aave (AAVE) posted a strong rally after hitting a local low of $153 a day ago, hitting a high of $184. In fact, at the time of writing, Aave was trading at $181. It recorded 3.79% over the past day. Likewise, the altcoin rose on the weekly and monthly charts, up 8.25% and 24.52%, respectively. Despite this price increase, Aave still remains approximately 72.89% below ATH of $666. Current market conditions…