After months of largely stagnant activity, Ethereum’s total monthly stablecoin trading volume has increased for the past three consecutive months, reaching record volume in April. There is an important caveat to this data point. Instant loan activity is counted and not filtered. Even without flash lending activity, stablecoin trading volume still had a solid month. FDUSD +0.053% its Filtered stablecoin trading volume was slightly below March levels, but it was the best month on record. However, when we include flash lending activity in the data, we see that stablecoin trading volume had a record month thanks to one stablecoin in…
Author: Crypto Flexs
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Bitcoin ordinals and runes platform OrdinalsBot has created the largest ordinal inscription to date, weighing 3.969MB. Inscription number 70,614,708, released by the OrdinalsBot team on Friday, contains a copy of the “Declaration of Independence in Cyberspace.” logos network.OrdinalsBot co-founder Brian Laughlan said: decryption The point is that the size of the inscription has less to do with the length of the document and more to do with publishing the image as a large enough image to read the document.“It’s really interesting because if you build the actual text content, it’s about 2KB,” Laughlan said. “It’s small, but what they did…
As the market closely watches Solana (SOL) and Avalanche (AVAX) downtrend. BlockDAG It continues to make waves in the cryptocurrency world with its X1 mining app, which promises an incredible ROI of 30,000x. With over $22.9 million in presale and the current price of BDAG Coin reaching $0.006, BlockDAG demonstrates the potential of an emerging technology in the competitive blockchain environment. Solana’s challenges and prospects for recovery Last week, Solana faced serious operational problems, causing more than three-quarters of its transactions to fail, sending its price down 7.8% to $162. Despite these challenges, market analysts such as Bluntz and Immortal…
join us telegram A channel to stay up to date on breaking news coverage Bitcoin miners face serious challenges in today’s global market. Historically, they have often outperformed Bitcoin itself, but recent changes have disrupted this trend. The fourth halving event, which reduced block rewards, increased the burden on miners. So before investing in an explosive industry, you should check the following: Three important considerations Notice. First, investors should prioritize companies with a clear strategy to increase mine production. Second, operational efficiency, especially electricity cost management and equipment upgrades, is paramount. Finally, identifying a mining company’s unique selling points can…
Share this article Initial interest in a blockchain project may be sparked by marketing strategies like airdrops, but what’s truly important is keeping users engaged with the project over the long term. Uniswap founder Hayden Adams shared his thoughts on a good token distribution, suggesting that token marketing should focus on delivering real value and not simply building hype.“Don’t market the price of your token. If you tweet about how your token will rise, hire an influencer, hire a marketing firm, I assume you’re just trying to get rich quick and build real value.” Adam said. Recent discussions on the…
Arthur Hayes, former CEO of cryptocurrency exchange BitMEX, said in his article: latest essays By Friday morning, Bitcoin had likely bottomed at this week’s low of $56,000, but warned investors to expect a gradual rise rather than a quick recovery to March highs as the market will cool in the coming months. “Did Bitcoin hit a new low earlier this week(…),” asked Hayes. “Yes,” he concluded. “I expect prices to bottom out, chop up, and slowly start grinding higher.”
Tron founder Justin Sun is receiving attention again for his recent cryptocurrency deposit activity. Blockchain data shows that Sun’s wallet, identified as “0x7a9…3095”, transferred a total of 120,000 eETH, an Ethereum-pegged token, to the Swell L2 liquid re-staking protocol. Justin Sun is shaking up DeFi This significant deposit represents 46% of the total deposits for the Swell L2 protocol. 120,000 eETH is a significant investment of capital into the platform. Liquid re-staking protocols like Swell L2 allow users to earn additional profits by staking Ethereum and receiving liquid tokens like eETH that can be used in various DeFi applications. With…
Popular analyst Michael van de Poppe believes cryptocurrencies are poised for a market-wide rebound amid signs of slowing economic activity. Van de Poppe told his 716,300 followers on social media platform With unemployment rising to 3.9% and average hourly earnings growing less than expected, analysts Believe The Fed will need to fire up its money printers to support the job market. “Horrible economic indicators -> DXY (US dollar index) decline, additional quantitative easing (QE) and the possibility of interest rate cuts increase, risky assets will rebound. Bitcoin is back at $61,600 (above). The FOMC (Federal Open Market Committee) hit a…
Michael Saylor, the tech entrepreneur who turned MicroStrategy into a Bitcoin giant, is back in the headlines. This time, he is not defending Orange Coin, but rather is laser-focused on its altcoin rivals. At the recent Bitcoin For Corporations conference, Saylor made numerous predictions, painting a picture of a future in which the SEC cracks down on major altcoins like Ethereum (ETH), Binance Coin (BNB), Solana (SOL), and Ripple (XRP). and Cardano (ADA). Bitcoin’s Lone Wolf? Saylor Questions the Legality of Altcoins Saylor’s stance on altcoins is as nuanced as Bitcoin mining equipment. There is simply no room for another…
Palo Alto, CA, April 30, 2024, Chainwire The collaboration focuses on solving key Web3 problems through data-driven insights, AI-based development tools, and zero-knowledge proofs. Sui, a layer 1 blockchain and smart contract platform created and launched by the core research team responsible for building Facebook’s Libra and Diem projects, is working with Google Cloud through a partnership with Mysten Labs to power the future of Web3. This joint effort will focus on improving security, scalability, developer tools, and user experience across a variety of Web3 and AI-based applications. Key initiatives of this partnership include: Data-driven dApps Google Cloud has strengthened…