Ethereum has become a deflationary asset since switching from proof-of-work to proof-of-stake in 2022. The total circulating supply of Ethereum (ETH) is currently 120,105,358 ETH, which is 415,680 ETH lower than the supply level observed prior to The Merge..However, over the past 30 days, Ethereum’s supply dynamics have changed, with 35,548.72 ETH being burned (removed from circulation) and 75,072.43 ETH being issued to validators as block rewards. The net result is an increase in supply of 39,523.71 ETH over this period. Based on supply changes over the last 30 days, Ethereum’s current annual inflation rate is around 0.4%, according to…
Author: Crypto Flexs
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ChainML, a web3-based AI platform, raised $6.2 million in a seed expansion round and unveiled its agent-based layer called Theoriq. Hack VC led the funding round, with participation from Foresight Ventures, Inception Capital, HTX Ventures, Figment Capital, Hypersphere Ventures and Alumni Ventures, ChainML said Monday. This round, comprised of equity via token warrants, was raised late last year and is currently being announced with the disclosure of Theoriq, ChainML co-founder and CEO Ron Bodkin (formerly Director of Applied Artificial Intelligence Technology at Google). told the block. Bodkin declined to comment on the valuation.ChainML’s seed expansion round comes nearly two years…
Recently, $71 million worth of cryptocurrency stolen in a wallet poisoning scam was fortunately but mysteriously returned to the victims.An unknown attacker returned $71 million worth of Ether (ETH) tokens on May 12 after a high-profile phishing incident caught the attention of several blockchain research firms. Lookonchain, an on-chain security company, unpacked the details with X. post May 13:“SlowMist_Team published a report on this incident three days ago, tracing the IPs of several attackers believed to be from Hong Kong (VPN use was not ruled out). “Afterwards, the attacker responded to Whale and returned all the funds.”source: Look on chainThis…
Two of the largest U.S. banks, JP Morgan and Wells Fargo, have disclosed investments in a spot Bitcoin exchange-traded fund (ETF). This move comes amid widespread market volatility and regulatory uncertainty in the cryptocurrency industry. Bitcoin price is currently hovering around $60,000, down from its all-time high of $73,000 in March. TLDR JP Morgan and Wells Fargo have disclosed investments in spot Bitcoin ETFs, signaling a shift in their stance on the cryptocurrency. JP Morgan has invested about $760,000 in various Bitcoin ETFs, including BlackRock’s iShares Bitcoin Trust (IBIT) and Grayscale Bitcoin Trust (GBTC). Wells Fargo owns 2,245 shares of…
Blockchain detective ZachXBT suspects a hack of the Rain cryptocurrency exchange. In a blog post, researchers shared speculation that Rain was likely hacked for $14.8 million on April 29. Rain is a cryptocurrency exchange and custodian serving the Middle East, Türkiye, and Pakistan. ZachXBT claims that suspicious leaks have been detected from Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Ripple (XRP) wallets. To prove his assumption, ZachXBT shared two addresses where the stolen funds were likely located. However, ZachXBT emphasized that Rain has not made any statement regarding this incident. “Rain is currently not making any statement regarding the incident.”…
Binance Expands Cryptocurrency Offerings with BounceBit Integration In a significant move to expand its cryptocurrency offerings, Binance has integrated BounceBit (BB) into multiple services. The global cryptocurrency exchange and blockchain platform announced that BounceBit has been added to Binance Simple Earn, Buy Crypto, Binance Convert, Binance Margin, Binance Futures, and Binance Auto-Invest. Expanded Access to BounceBit Starting May 15, 2024 at 10:00 (UTC), users will be able to purchase BB using payment options supported by Binance Auto Invest. This integration allows users to purchase BB directly using credit/debit cards, Google Pay, Apple Pay, or buy…
Decentralized exchange (DEX) protocol Injective (INJ) is generating excitement in the cryptocurrency market with analysts predicting a potential price surge. This token is attracting the attention of many analysts, with many predicting that its value will rise significantly. Related Reading Technical indicators are flashing bullish signals for injection. Injective’s recent price action has caught the attention of market watchers, especially its bullish performance in a descending wedge pattern. This pattern is often seen as a sign of a bearish reversal, and Injective’s successful breakout suggests a potential change in market sentiment towards the token. Renowned cryptocurrency analyst Jonathan Carter said…
With the return of RoaringKitty, GME stock surged 54% and then halted, leading to a surge in related meme coins on Solana. GME stock surged 54% and a circuit breaker was triggered following RoaringKitty’s comeback. First appeared on Crypto Briefing.
hi, Utah Rewrite. I first introduced myself earlier this year when we launched the bounty program, and I’m happy to provide an update on what’s happening on the security side before and throughout the launch. We received high quality submissions from bounty hunters. It was a tribute to the creative exploit that made the bug possible. The number of submissions has increased recently. Therefore, we have decided and announced that we will continue the bounty program at least throughout the Frontier phase of the Ethereum launch plan. Gabe’s and Vinay’s That blog post. Our bounty website Learn more about our…
Crypto payment infrastructure company MoonPay donated $1 million to Stand With Crypto, an advocacy group with a political action committee launched by cryptocurrency exchange Coinbase. A MoonPay official confirmed the amount to The Block.Stand With Crypto is a non-profit organization that supports bipartisan, cryptocurrency-friendly politicians in Congress. It aims to promote clearer cryptocurrency regulation in the United States. “Two things are abundantly clear today: This year’s election will define the future of our industry in America, and it is up to us to step up and stand together with organizations that truly want to positively advance this innovation for everyone.…