Cryptocurrency enthusiasts are celebrating a positive weekend for Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization. A 4.31% price surge over the past day has inched ETH closer to the important resistance point of $4,000. This rise comes amid a wave of optimism surrounding the Ethereum network, driven by a confluence of factors. Ethereum whale activity signals potential rally on-chain buying Market analysts attribute the recent surge to a significant increase in Ethereum accumulation. Wallets linked to PulseChain and PulseX have been buying ETH aggressively, accumulating a whopping 163,295 ETH in just four days, according to data from blockchain…
Author: Crypto Flexs
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Grand Cayman, Cayman Islands, March 8, 2024, Chainwire Powered by Pravica, S3 provides Sui blockchain builders the opportunity to seamlessly launch native stablecoins without complex smart contract development and currency management. S3.MONEY (S3), a stablecoin studio developed on the Sui blockchain, was officially announced today by Cairo-based blockchain startup Pravica in collaboration with Sui. S3, which stands for “Stablecoin Studio on Sui,” plans to revolutionize the global payment processing landscape by introducing a versatile and user-friendly solution for building and leveraging stablecoins on the Sui blockchain. S3 provides core utilities designed to build custom stablecoins directly on the Sui blockchain.…
Grand Cayman, Cayman Islands, March 8, 2024, Chainwire Powered by Pravica, S3 provides Sui blockchain builders the opportunity to seamlessly launch native stablecoins without complex smart contract development and currency management. S3.MONEY (S3), a stablecoin studio developed on the Sui blockchain, was officially announced today by Cairo-based blockchain startup Pravica in collaboration with Sui. S3, which stands for “Stablecoin Studio on Sui,” plans to revolutionize the global payment processing landscape by introducing a versatile and user-friendly solution for building and leveraging stablecoins on the Sui blockchain. S3 provides core utilities designed to build custom stablecoins directly on the Sui blockchain.…
Fidelity’s FBTC spot Bitcoin exchange-traded fund saw record daily inflows of $473.4 million on Thursday. That’s nearly double BlackRock’s $244.2 million for the generally dominant IBIT ETF.According to BitMEX Research data, FBTC’s inflows yesterday were 17% higher than the previous record of $404.6 million set on Monday, bringing the total net inflows of all US spot Bitcoin ETFs registered on Thursday to $472.6 million. It exceeded ten thousand dollars. However, FBTC inflows are still lower than IBIT’s overall daily inflow record of $788 million set on Tuesday.Ark Invest 21Shares’ ARKB came in third with $42.1 million worth of inflows yesterday,…
Ubisoft, a famous video game developer and publisher, node validator Demonstrates intention to explore blockchain technology in the XPLA ecosystem. According to the March 7th presentationUbisoft’s participation in the ecosystem is consistent with its focus on innovation through its Strategic Innovation Lab, which aims to anticipate future trends and capitalize on opportunities offered by “cutting-edge” technologies. Ubisoft joins XPLA as a validator XPLA, a Layer 1 blockchain based on Tendermint, is a hub for digital media content and implements the “Explore and Play” concept. As the announcement suggests, the partnership between Ubisoft and XPLA is particularly promising for the gaming…
Bakkt Holdings, Inc. has joined Unchained’s pooled custody network to provide enhanced security and regulated custody for Bitcoin assets. In the evolving digital asset landscape, security and compliance remain of utmost importance for institutions handling cryptocurrencies. Bakkt Holdings, Inc. (NYSE: BKKT), a trusted digital asset platform, announced its integration into Unchained’s co-custodian network. This strategic move strengthens Bakkt’s institutional-grade custody services, providing a robust multi-signature custody solution for Bitcoin assets. Since its founding in 2018, Bakkt has been at the forefront of providing secure and scalable solutions to customers exploring the cryptocurrency economy. The collaboration with Unchained Capital, a prominent…
Ethereum, the second-largest digital asset by market capitalization, is trading near the pivotal $4,000 level for the first time since December 2021, up 15% over the past week.Amid this price rise, EigenLayer, the leading restaking protocol, is now the second-largest DeFi protocol in terms of total value locked, according to DeFillama data.price of ETHEthereum price is currently trading at $3954 after rising 4% over the past day. CryptoSlate’s data.This upward movement in the value of Ethereum can be linked to the excitement surrounding the upcoming Dencun upgrade, which is scheduled to be released on mainnet by March 13th. Dencun introduces…
Band Protocol has announced that it is now further strengthening its integration with the Staller ecosystem. This is pioneering Oracle services to facilitate the development of decentralized applications, dApps. This mission simultaneously addresses the objective of improving interoperability of non-EVM L1s. Band Protocol called this development: important step This now paves the way for dApps to be developed in DeFi and other Web3 applications. While the protocol provides oracle services, mainly Soroban – Plans to leverage the capabilities of Stellar smart contracts. Soroban will first host Oracle Service deployments before making other significant leaps. It is defined as follows: default…
Integrating blockchain technology with real-world applications is becoming increasingly important. In fact, Decentralized Physical Infrastructure Network (DePIN) is an exponentially growing field. Approximately 650 new projects were launched, increasing DePIN’s market capitalization to $20 billion and generating approximately $15 million in annual on-chain revenue. The growing interest in DePIN reflects its potential to revolutionize existing systems by democratizing access to essential services and fostering community-driven solutions. DePIN’s Commitment to Breaking Monopolies DePIN is leading the way in combining the decentralized spirit of cryptocurrency with the infrastructure requirements of the real world. From Wi-Fi and transportation to data storage and energy,…
Ethereum price reaches $4,000 for the first time in two years. This comes amid continued speculation that a spot Ether exchange-traded fund could be approved in the United States.According to The Block’s price page, the second-largest cryptocurrency by market capitalization is up 4% in the last 24 hours, 15% over the past week, and 68% over the past month.Ether last traded at this level in December 2021, the month after it reached an all-time high of $4,868 on Coinbase. Ether subsequently fell 82% to its bear market low of $880 in June 2022 due to the impact of cryptocurrency market…