Franklin Templeton, a multi-trillion dollar asset manager, suggests that “base season” has arrived with the rise of social finance apps, and that base is leading the way for other Ethereum Layer 2 verticals. “We are well positioned to capture a significant portion of SocialFi activity and remain a leader in the Ethereum L2 space going forward,” Franklin Templeton said in a May report.According to one of the charts provided by Franklin Templeton, about 46% of transactions involving SocialFi take place on Base, which has been increasingly taking market share away from the BNB chain and Polygon in recent months.Franklin Templeton…
Author: Crypto Flexs
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Ethereum’s Ether (ETH) has “underperformed” Bitcoin (BTC) this cycle and new holders now risk losing money.In the latest edition of its newsletter “The Week On-Chain” dated May 7, analytics firm Glassnode revealed the role of speculators in supporting the price of ETH.Ethereum Speculators On Edge Of “Panic”Both Bitcoin and Ethereum have seen their prices decline since Bitcoin’s most recent block subsidy was halved in April.However, the Ethereum bulls have taken a huge hit over the past few weeks after BTC/USD witnessed one of the biggest declines since the FTX debacle in late 2022.“For Ethereum, we see a similar downward structure…
Stiftung Ethereum, Ethereum Foundation, Zug, Switzerland –ethereum.orgWe are seeking to immediately fill the position of Executive Director within the Foundation. This role includes defining and carrying out the day-to-day operations of the Foundation and leading the organization at the executive level. The successful candidate will have significant experience in corporate financial activities and/or operations. A technical (software, hardware, math, science) background would be advantageous, but not required. The ability to operate effectively both in Switzerland and globally is essential and the successful candidate will be required to live in Switzerland full-time or spend most of their time there. It would…
Ethereum co-founder and Consensys CEO Joseph Lubin has accused the U.S. Securities and Exchange Commission (SEC) of intentionally stifling innovation in the cryptocurrency industry to protect the traditional financial environment. Speaking at FT Live’s Crypto and Digital Asset Summit in London, Lubin spoke about the company’s decision to sue the SEC after receiving Wells notice from the regulator. TLDR Ethereum co-founder Joe Lubin believes the SEC is intentionally hindering innovation in the cryptocurrency industry to protect the traditional financial environment. Rubin argues that the SEC has reclassified Ethereum as a security without proper communication or rulemaking and is engaging in…
Franklin Templeton, an asset manager and issuer of a spot Bitcoin exchange-traded fund, said the Coinbase-nurtured Ethereum layer 2 network base has “hit a home run” at SocialFi, driven by activity from applications such as Friend.Tech.According to a report from Franklin Templeton on Thursday, Base accounts for approximately 46% of all SocialFi transactions, eating into the market share of Polygon and BNB Chain in the niche. Activity on Base has been boosted by the recent launch of Friend.Tech’s native FRIEND token and the launch of version 2 last week.Since launching last August, Friend.Tech has made a name for itself as…
On May 9, BlockFi, a popular cryptocurrency lending platform, announced the closure of its web platform. We are carrying out asset management and distribution in partnership with Coinbase, a US-based cryptocurrency exchange. However, BlockFi has not yet announced a specific end date. This move marks a significant turning point for BlockFi. We are navigating a complex financial situation after filing for Chapter 11 bankruptcy in late 2023. What’s next for BlockFi customers? According to an official statement, BlockFi will email customers detailed instructions on creating a Coinbase account. This will make the transition easier. Customers who have not withdrawn their…
Render Token (RNDR) rose 11% after Apple briefly mentioned Octane, a 3D design software powered by its render network, during its keynote presentation showcasing the M4 chip in its latest iPad.A brief three-second mention of the software in Tim Millet’s four-minute keynote, Apple’s vice president of platform architecture, caught the attention of traders and was credited by several commentators with adding to the upward swings experienced by RNDR’s price. last week. “Pro rendering apps like Octane will be a total success,” Millet said, referring to the software’s performance on the new iPad. “You can literally see the $RNDR logo in…
The price of TON rose almost 15% and traded above the resistance level of $6.50. Toncoin is now showing some signs of trend exhaustion and may see a correction in gains. Toncoin broke above the $6.20 and $6.50 resistance levels. The price is currently trading above $6.50 and the 100-hour simple moving average. The hourly chart of the TON/USD pair shows a major parabola forming with support at $6.80 (data source from Kraken). A decline below $6.80 and $6.60 could trigger a downward correction. TON price reached $7. Recently, TON price started a strong rise from the $5.60 support zone.…
Disclosure: This article does not represent investment advice. The content and materials contained on this page are for educational purposes only. SpaceCatch presents its second season of airdrops, offering unique rewards to players while enhancing blockchain-based gaming. In the ever-evolving world of cryptocurrency and GameFi, finding projects worth trying and investing in has become much more difficult. Today, there are so many cryptocurrency platforms and blockchain-based games that users need to know as much as possible about cryptocurrencies to make informed and profitable decisions when investing their money in various companies. It may seem difficult, but it becomes even more…
If we do the research, you can get alpha!Get exclusive reports and key insights on airdrops, NFTs, and more! Subscribe to Alpha Reports now and enjoy the game!Go to Alpha ReportToncoin, a native cryptocurrency open network (TON) was one of the biggest gainers in the cryptocurrency market on Thursday, following news of the launch of one of the network’s most anticipated tokens. And it comes out as the two largest overall coins. Bitcoin and EthereumThere was little movement on the last day.In the last 24 hours, TON has nearly 13% increase The current price per data on CoinGecko is $6.46.…