The CAKE token issued by PancakeSwap recently recorded an incredible increase of 54% in just 7 days, which is a notable event in the blockchain and decentralized finance (DeFi) industry. PancakeSwap’s growing reputation in the decentralized finance industry is evidenced by the fact that the token’s market value has reached approximately $900 million, with a fully diluted value of $1.3 billion. Strategically Burn Tokens The strategic choice made by PancakeSwap to perform a token burn on December 26 resulted in the destruction of over 10 million CAKE tokens, worth approximately $34 million. This had a significant impact on the CAKE…
Author: Crypto Flexs
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Data from an on-chain analytics platform shows that whales are paying attention to two altcoins: Chainlink (LINK) and Maker (MKR). Bitcoin (BTC) dominance has been on the decline for about a month. However, the BTC price did not fall significantly. This suggests that whales are cycling funds from BTC to altcoins. Will Chainlink (LINK) become whales’ favorite altcoin again? According to data from Spotonchain, whale wallet 0x8ead withdrew 136,146 LINK worth about $2.05 million from Binance on Wednesday. The platform also shows that whales have withdrawn a total of 348,007 LINK worth $5.58 million over the past nine days. Finally,…
The total value of Swell, a liquid staking protocol, was fixed at double this month to 108,000 ether, worth about $245 million.Since the beginning of December, Swell has recorded approximately $125 million in ETH deposits, making it the fourth largest liquid staking protocol. According to Dune data compiled by Dragonfly analyst Hildobby, the protocol currently lags behind major protocols such as Lido with 9 million ETH, Rocket Pool with 846,000 ETH, and Frax with 236,000 ETH.The surge in Swell inflows coincides with the team issuing swETH, a liquid staking token, and announcing “Pearl” rewards in the form of points for…
MicroStrategy acquired 14,620 BTC for $615.7 million, bringing its total holdings to 189,150 BTC for $5.9 billion. CEO Michael Saylor remains bullish on Bitcoin, considering it the most valuable asset class in the world. The company’s active cryptocurrency strategy targets 1% of the Bitcoin supply in line with growing institutional interest. Business intelligence giant MicroStrategy (NASDAQ: MSTR), led by CEO Michael Saylor, has reaffirmed its belief in Bitcoin’s long-term potential. In a recent filing with the Securities and Exchange Commission (SEC), MicroStrategy revealed that it acquired 14,620 BTC between November 30, 2023 and December 26, 2023. This significant purchase amounts…
Infosys, one of the leading information technology service providers, suffered a major blow when the multinational company decided to cancel a $1.5 billion memorandum of understanding (MOU) centered on artificial intelligence solutions. This agreement, which was first negotiated as a 15-year agreement in September 2023, expires, bringing significant changes to the way Infosys leads the company. Changes in the information technology services industry’s technology budget and demand environment were reflected in the company’s disclosure of the incident in an exchange filing on December 23. Announced on September 14, 2023, the transaction aims to enhance digital experiences and modernize enterprise processes…
If you enjoyed GameArt’s Road to Christmas, stay tuned. Because we’re heading straight into one of the most grueling matchups of the year with them in the Top 100 tournament. This is like the final boss level of 2023. At this level you can share in a huge prize pool of €100,000. From December 29 to January 7, we don’t just ring in the new year. It’s about winning big and starting 2024 with deep pockets and a good feeling. Whether you’re a slots slinging pro or just looking to have fun, The Top 100 is your chance to make…
Michael Saylor’s MicroStrategy currently holds about 189,150 bitcoins, worth over $8 billion as of December 27. According to Michael Saylor, who founded the company in 1989, MicroStrategy purchased an additional 14,620 bitcoins (BTC) at an average price of $42,110 per coin. expenditure Recent BTC purchases amounted to $615.7 million. Saylor began purchasing BTC in 2020 following the global pandemic as he sought to mitigate “the eroding threat of inflation.” MicroStrategy has since put about $5.9 billion into Bitcoin. Saylor’s investment strategy means the company has acquired the cryptocurrency’s top tokens through a mix of cash, debt and equity, generating around…
In today’s roundup, we are excited to introduce four beneficiaries of recent local grants in Japan! We see Ethereum as an ever-growing, creative, and inclusive playground, and it is our responsibility to ensure everyone can continue to play. Committing to public goods or new use cases without a quick financial return is challenging, and it is important to support dedicated teams working to solve interesting problems, improve public infrastructure, and build creative blockchain use cases. In this round of local grants, the Ethereum Foundation is excited to spotlight local communities actively working to demonstrate the potential of decentralized technologies. zk…
bitcoin BTC +0.73% It continues to face price correction risk due to selling pressure from short-term holders and illiquid market conditions over the holiday period, one analyst said.“We expect more losses if short-holders and retail leverage continue to play a dominant role in the market and lead to continued downside in a relatively illiquid holiday season market environment,” Bitfinex head of derivatives Jag Kooner told The Block. He said.Bitcoin price correction riskAccording to Kuehner, Bitcoin is at risk of a price correction above $44,000. The analyst said this level serves as a take-profit point for medium-term holders, which are individuals…
quick take Waterfall Network’s Testnet 8 innovation boasts over 10,000 transactions per second, marking significant progress towards the highly anticipated mainnet launch. Through Ethereum compatibility and innovative DAG technology, Waterfall aims to redefine the decentralized smart contract platform, making it scalable and accessible to developers around the world. Waterfall Network’s Testnet 8 paves the way for scalable, decentralized smart contracts. Waterfall Network, a leading provider of layer 1 (L1) blockchain solutions, has unveiled Testnet 8, marking a significant milestone in the development of a decentralized smart contract platform. With the launch of Testnet 8, Waterfall Network promises to deliver unparalleled…