The Optimism Foundation, the entity behind Ethereum layer 2 blockchain Optimism, has completed a private sale of approximately 19.5 million of its governance tokens. The sale, valued at approximately $90 million based on the current market price of the Optimism (OP) token at $4.62, includes a two-year vesting period for buyers, during which tokens cannot be sold.Governance token with vesting periodDuring the vesting period, buyers can use tokens for governance participation, but cannot sell them. Tokens were sourced from an unallocated portion of the OP Token Treasury, comprising 30% of the initial OP Token supply, which was part of the…
Author: Crypto Flexs
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After Coinbase experienced its third technical issue in less than 10 days amid massive trading volumes across cryptocurrencies, Bitwise CIO Matt Hougan offered a huge helping hand as many people turned to X to voice their concerns or complaints. .“Coinbase has always crashed in past bull markets, but still grew like crazy.” Hougan Posted in. “That’s really the theme of internet history: Facebook has crashed all the time, but it still has billions of users.”Hougan’s comments about Coinbase’s ongoing technical issues come shortly after the U.S.-based exchange announced on Thursday that it was “experiencing a lot of support and response…
Capital is rotating into other altcoins, led by ETH. Ethereum’s TVL increased by 73.78%, indicating high altcoin interaction. If Ethereum (ETH) rises above $3,900, it could be the catalyst that changes market dynamics and helps the altcoin climb even higher than it is currently doing. After Bitcoin (BTC) hit an all-time high, ETH is outperforming it. This has led to thoughts that Bitcoin’s dominance may have taken a step back. Every time this happens, the price of ETH gets better. However, the second most valuable cryptocurrency is not always the only beneficiary of these reversals. In most cases, profits from…
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Ethereum-based altcoins that are currently seeing a high amount of activity from whales, according to on-chain data, include: This Ethereum altcoin is seeing high whale trading right now new post On X, on-chain analytics firm Santiment discussed how several Ethereum-based altcoins have recently witnessed notable whale activity. The indicator of relevance here is the “whale transaction count,” which tracks the total number of transfers taking place on the network for a particular cryptocurrency worth more than $100,000. It is generally assumed that transfers of this much value involve objects of this enormous size, as only whales can move such large…
stc Bahrain and Lionscraft have formed a strategic partnership to jointly develop a framework for the upcoming Web3 digital transformation. The goal of this collaboration is to position stc Bahrain as a leading provider of Web3 framework solutions not only in Bahrain but across the wider Middle East region. This will facilitate the development and deployment of innovative Web3 solutions in the country. The collaborative effort took place within the Sandbox metaverse and showcased the innovative spirit of both organizations. The transaction additionally consisted of non-fungible tokens (NFTs) on the Avalanche network. Saad Odeh, Chief Wholesale Officer at stc Bahrain,…
Tether, one of the largest stablecoin companies, announced that it is collaborating with the government of Uzbekistan to develop cryptocurrency and telecommunications projects. The Memorandum of Understanding (MOU) signed between the two parties includes issuing a comprehensive cryptocurrency legal framework, developing independent communication and financial systems, and establishing cryptocurrency-related education programs. Tether signed a memorandum of understanding with (…). Source: Bitcoin.com Cryptocurrency Investment Risk Warning Cryptocurrency assets are highly volatile. Your capital is at risk.Do not invest unless you are prepared to lose all your money.This is a high-risk investment and you should not expect to be protected if something…
Posted 1 minute ago In ~ Coinbase stock entered near-forgotten territory on Friday as the stock price exceeded the company’s initial direct listing price of $250.It has been about two years since stock prices on the exchange traded at such a high level.Coinbase’s outlook has improved along with the cryptocurrency market. As the price of cryptocurrencies, especially Bitcoin, has risen over the past year, stock prices on US exchanges have also risen. Coinbase’s stock price is currently up more than 350% compared to $53.44 a year ago, according to Yahoo Finance.At one point on Friday, Coinbase was trading as high…
Since launching our first BitStarz Originals in 2022, we have released a total of nine games developed by our in-house team. But today we’ve added something special to the lineup. With previous BitStarz Originals, we aimed to distill what makes different types of casino games great into a simple format that delivers lightning-fast play. With the launch of the Book Bonanza slot, we are moving towards a feature-rich, fully realized casino game with an attractive theme. In the first release, the protagonist, raccoon archaeologist Tony Jones, travels to Egypt to find the Pharaoh’s lost treasure. Take a drive to Egypt…
Ethereum developers are getting closer to launching Dencun, but some experts are not confident that the upgrade will deliver on its promises. Days before Dencun was deployed to the Ethereum mainnet, two industry veterans offered differing opinions on the impact of this highly anticipated upgrade amid the soaring Ether (ETH) price. The hype and euphoria in the cryptocurrency market pushed ETH to a two-year high, with the cryptocurrency surpassing $4,000 for the first time since late 2021, the peak of the previous bull cycle. Core DAO, Wormhole Expert on Ethereum Upgrades Ethereum developers said Dencun will implement expanded data availability…