According to on-chain data, deep-pocketed investors are accumulating massive amounts of two Solana (SOL)-based memecoins. Blockchain monitoring service Lookonchain Called One trader bought 181 million cats from Dog World (MEW) after purchasing 776,830 dogwifhat (WIF) in less than two weeks. “Smart money is buying MEW with new wallets, spending 6,000 SOL ($1.15 million) to purchase 181 million MEW on Monday. The smart money spent 10,000 SOL ($1.91 million) to purchase 776,830 WIF ($3.18 million) on March 20, with an unrealized profit of $1.27 million. He also earned 4,893 SOL ($934,000) from SLERF.” As of this writing, MEW’s value is $0.007718,…
Author: Crypto Flexs
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According to Nick Yushkevich, standardization of blockchain data formats is very important as it improves the interoperability of individual protocols and promotes widespread adoption of the technology. Yushkevich, product director at blockchain infrastructure provider Quicknode, added that this standardization helps improve communication between systems. Yushkevich said that leveraging the full potential of blockchain data (…)
The first client to use the tool will be a partnership between asset managers DWS, Flow Traders and Galaxy to manage fully collateralized euro-denominated stablecoins, GK8 said.
A cryptocurrency wallet known to be linked to the U.S. government sent a large number of Bitcoin (BTC) to Coinbase Prime wallets, according to data from Arkham Intelligence, an on-chain analytics platform. This wallet currently holds 30.175 Bitcoin, equivalent to approximately $2 billion. The latest moves came in a bear market, with Bitcoin falling to $65,000, and it looks like BTC could go much lower. With a massive pumping station in early 2024, BTC could be in a position to fall into the $50,000 trading range for some time. As reported, according to renowned cryptocurrency sleuth Zach I did. https://x.com/zachxbt/status/1775193016363356238?s=20…
Frax Finance is working with Noble to expand Frax’s products into the Cosmos ecosystem, providing a relatively decentralized alternative to USDC.This collaboration will enable Frax and sFrax tokens to be natively integrated across the Cosmos ecosystem, comprised of over 80 interconnected blockchains, for a variety of applications including decentralized finance and payments. This is in addition to the current Ethereum issuance, bringing the total value to over $1.1 billion.Frax’s initial products for Noble include the Frax token, a decentralized stablecoin combining collateral and algorithmic mechanisms for peg stability, and sFrax, a staking version of Frax aimed at providing yield.Within the…
Coinbase, a leading cryptocurrency exchange, has released a new report examining redeposit trends in Ethereum. The report, written by analysts David Han and David Duong, explores how re-staking can reshape validator incentives, potentially opening up new opportunities and introducing complex risks. Coinbase analyst explains why re-staking has emerged as a hot topic in the cryptocurrency industry. Ethereum’s transition to Proof of Stake (PoS) has created massive pools of ETH that far exceed network security requirements. However, the introduction of re-staking, particularly through Liquidity Restaking Tokens (LRT), highlights both opportunities and risks for validators and the broader decentralized finance (DeFi) ecosystem.…
VanEck-backed Agora announced the launch of AUSD, a USD-backed stablecoin, following a successful $12 million funding round led by Dragonfly. Agora, started by Nick van Eck, a descendant of Jan van Eck, CEO of renowned investment management firm VanEck, is set to launch a new stablecoin called AUSD. This digital dollar is designed to be pegged to the US dollar, providing a safe and stable cryptocurrency option in the volatile cryptocurrency market. The creation of AUSD is backed by $12 million in seed funding led by Dragonfly, a prominent player in the cryptocurrency investment space. The success of the funding…
Fetch.ai and Rendr showed a high volume of active addresses. Following the recent downtrend, RNDR has accumulated. Santiment’s recent post on AI and trading strategies were also major topics of discussion. Fetch.ai (FET) and Rendr (RNDR) were among the largest tokens in the AI sector by market capitalization. Given the hype around AI despite the market downturn, AMBCrypto decided to take a look at what investors should prepare for in the coming weeks. Fetch.ai demonstrated strong on-chain activity. Source: Santiment The number of active addresses is growing significantly. This was a positive sign and showed increased engagement and demand for…
We are very excited to announce that. Wormhole (W) Now available on Kraken! Funding and Transactions Financing for W is underway and trading will begin on April 3. Go to and add W to your Kraken account. fundingSelect an asset and tap deposit. Deposit W only on Solana. Deposits made using other networks will be lost. Do you have a W and Kraken account? ⤵️ W is tradable on Kraken and Kraken Pro using the following parameters: LegacypairPrice decimal precisionMinimum order sizeMinimum deposit amountfemaleUS Dollar, Euro42three memo: Once liquidity conditions are met, trading will become available through the Kraken app…
Binance has expanded its monitoring tags to include five more tokens: EPX, FOR, UNFI, WAVES, and WNXM, and traders must pass a quiz and agree to the terms and conditions. Binance, the largest cryptocurrency exchange, said it will expand its monitoring tags to include EPX, FOR, UNFI, WAVES, and WNXM starting April 3, 2024. Monitoring tags are designations given to tokens that indicate higher volatility and risk. Comparison with other listed tokens. Tokens tagged with monitoring are regularly reviewed by Binance to ensure they meet the exchange’s stringent listing criteria. This ongoing evaluation evaluates a variety of factors, including the…