An unknown trader pocketed millions of dollars in profits within minutes after untimely shutting down a new memecoin running on the Solana (SOL) network, according to on-chain data. Blockchain tracking company Lookonchain first discovered a trader who spent nearly 10,000 SOL to accumulate approximately 70 million Slerf (SLERF) tokens. Lookonchain said it had no plans to hold on to the SLERF stack for long periods of time, as traders immediately unloaded it at the first opportune time. “unbelievable! This guy made ~$3.02 million by trading SLERF in just 12 minutes! He spent 9,894 SOL ($1.98 million) to purchase 69.74 million…
Author: Crypto Flexs
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This article is featured in Bitcoin Magazine’s “The Inscription Issue”. Click here to get your Annual Bitcoin Magazine Subscription.Click here to download a PDF of this article.The Value Of BitsData is the most liquid commodity market in the world. In the smartphone era, unless extreme precautions are taken, everywhere you go, everything you say, and everything you consume is quantifiable among the infinite spectrum of the information goods markets. Information goods, being inherently nonphysical bits of data, can be conceptualized, crafted, produced, or manufactured, disseminated, and consumed exclusively as digital entities. The internet, along with other digital technologies for computation…
Over the past decade, cryptocurrencies have experienced exponential growth and popularity, with Bitcoin leading the way as the most well-known digital currency. However, in recent years, a new player has emerged called PabyosiCoin. What is PabyosiCoin? PabyosiCoin is a decentralized digital currency that aims to revolutionize the way we think about money and transactions. Built on blockchain technology, PabyosiCoin provides secure, fast, and transparent transactions without the need for intermediaries such as banks or financial institutions. Why PabyosiCoin? There are several reasons why PabyosiCoin stands out as a promising cryptocurrency. Scalability: PabyosiCoin is designed to handle a large number of…
Sui’s Mysten Labs Technology Prototype Provides First Evidence of Elastic Blockchain Scaling – Chainwire housenewsroomSui’s Mysten Labs Technology Prototype Provides First Evidence of Elastic Blockchain Scaling We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage…
Game-focused Xai Ethereum established network decision Thanks to our expansion technology, a new collaboration with a renowned indie game curator called The MIX, we’ll be able to add a ton of games by the end of the year.Media Indie Exchange (MIX) says it could launch more than 100 games on its layer 3 Xai network by the end of 2024. And we said the first of those games should be live within 60 days. There are no confirmed matches yet, but they will be announced individually.“We have already confirmed many games and have a large pipeline of games that we…
Ethereum’s Dencun hard fork reduced layer 2 rollup costs, but the ecosystem needs infrastructure to integrate them. Anurag Arjun, co-founder of Avail, discusses the importance of neutral third-party players in streamlining the user experience.Although Ethereum has made progress in scaling layer 2 rollups, infrastructure consolidation is needed. Arjun highlights the importance of neutral third-party players in building an independent roll-up infrastructure to unify the Ethereum layer-2 ecosystem.Arjun focuses on building the infrastructure that delivers leading rollup protocols such as StarkWare, zkSync, Arbitrum, and Optimism. Avail aims to be a rollup-agnostic platform by implementing techniques such as data sampling to efficiently…
Sygnum Bank breaks new ground by tokenizing $50 million worth of Matter Labs’ treasury reserves into the Fidelity Institutional Liquidity Fund, strengthening synergies between traditional finance and cryptocurrencies. Sygnum, a prominent digital asset banking group, announced that it is tokenizing $50 million of Matter Labs’ treasury reserves. This strategic initiative was fueled by Fidelity International’s investment in the $6.9 billion Institutional Liquidity Fund (ILF), which represents a significant advance in the integration of blockchain technology with traditional financial products. Matter Labs, known for its pioneering work scaling Ethereum through zk-rollup technology, has taken this step as part of a broader…
The daily chart of LTC turned green with an increase of more than 1% in value. Market indicators and indicators have been quite bearish for the coin. Litecoin (LTC) The price was greatly affected by the downtrend as the price of the coin fell significantly. However, the coin has tested a key support level that could trigger a trend reversal. Therefore, AMBCrypto checked Litecoin’s indicators to see which direction it is heading. Litecoin Bears are winning CRYPTOWZRD, a well-known cryptocurrency analyst, recently posted the following: Twitter Highlights LTC’s weak performance. This was the case as the price of the coin…
Zone, a Nigerian payments fintech startup leveraging blockchain, recently raised $8.5 million in a seed funding round. An undisclosed portion of the funds will be allocated to cover costs associated with testing the Zone’s cross-border payments capabilities in 2025. Zone expands payment infrastructure. Zone, a blockchain-based Nigerian payment startup (…)
Cumulative trading volume for U.S. spot Bitcoin exchange-traded funds (ETFs) surpassed $150 billion on Tuesday, less than 10 weeks after the Securities and Exchange Commission approved ETFs from BlackRock, Fidelity, Bitwise and others.Cumulative spot Bitcoin ETF volume has increased by $50 billion since March 8, when total volume first reached $100 billion, reaching $151.4 billion by the close of trading yesterday, according to The Block’s data dashboard. .Spot Bitcoin ETF trading volume on Tuesday was $5.6 billion, led by BlackRock’s IBIT at $2.5 billion, followed by Grayscale’s GBTC and Fidelity’s FBTC at $1.5 billion and $962 million, respectively.Grayscale’s high-fee GBTC…