According to OnChain, Blast, the newly introduced Ethereum (ETH) Layer 2 network, promises a “default rate of return” on ETH and stablecoin holdings, positioning itself as the third largest Ethereum holder in just three days after launch. Secured it quickly. data.Since its launch on November 20, the platform has accumulated more than 140,000 staked Ethereum worth approximately $286 million, leveraging Lido, a liquid staking protocol, according to Etherscan data. This accumulation represents approximately 1.5% of the total amount of staked Ethereum.Data from Debank shows that the protocol’s multi-sig wallet currently holds more than $335 million in assets, including Ether staked…
Author: Crypto Flexs
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Crisis is a cruel teacher. It can unite us in our shared vulnerability, but paradoxically it can also alienate us from our shared humanity. In times of great crisis, the institutions and structures of society that are supposed to protect and support us can become distorted, corrupted, and powerless. Sometimes the very things that make us human can play a role in our collective dehumanization. My political activity in Syria became the basis for denying me the most basic form of identity. I was detained and tortured as a means of political repression. My academic activities were forced to a…
As a member of the EEA, Unicorn Ultra Network (U2U) is part of a community of EEA organizations working to advance Ethereum and drive industry adoption. In the Q&A below, EEA interviews Unicorn Ultra Network CMO Chloe Phung about how the organization contributes to the Ethereum business ecosystem. Please introduce your company and yourself. My name is Trang Phung, Chief Marketing Officer at U2U. I am also an experienced entrepreneur and manager with a huge passion for financial investments and technology, especially financial technology. The U2U network is a Directed Acyclic Graph (DAG) based chain that is EVM compatible. Our…
TLDR Coinbase’s Base Layer 2 network has gone open source to promote transparency and community contribution. This move simplifies development tasks and promotes collaboration. Optimism (OP), the Ethereum layer 2 network, is scheduled for a significant token release on October 30, 2023, matching the value of previous releases. NuggetRush (NUGX) is a community-driven blockchain game that offers P2E and NFT opportunities. It focuses on building strong communities and real value in underserved areas. Coinbase’s Base Layer 2 network recently open sourced its code repository to increase transparency and encourage public contributions. Meanwhile, Optimism (OP) is preparing to launch a large-scale…
The price of Litecoin fell 3% on Friday morning, trading around $67. Santiment wrote in X that there has been a sharp increase in on-chain movement of altcoins. LTC is witnessing a surge in address activity and whale trading, with figures hitting their highest since June. The overall cryptocurrency market is down 1.5% over the past 24 hours to $1.3 trillion, with Bitcoin hovering just above $34,000. Meanwhile, most altcoins are struggling to maintain their recent gains. However, as market watchers and analysts have said, the overall outlook for cryptocurrencies is optimistic ahead of what could be a massive bull…
Fueled by new enthusiasm in the cryptocurrency market, experts are making bold statements. Ethereum could shatter previous highs and go well beyond $5,000, and the new AI cryptocurrency could become a lifeline for the Web3 space. Read on. BorroeFinance($ROE)AI destructive power aiming for 30x profits by 2025. >>Buy $ROE tokens now>Buy $ROE tokens now
Musk sparked a surge in AI tokens when he announced a 25% stake in xAI for X Corp shareholders, along with testing a Grok chatbot. The AI token is also responding to the ouster of Sam Altman from OpenAI. Altman is now heading to Microsoft. Artificial intelligence (AI)-focused tokens saw significant gains over the weekend, driven by major developments in the AI sector. Traders have shown strong confidence in the long-term growth potential of these tokens due to notable announcements from industry leaders. Elon Musk’s revelations spark euphoria Tech entrepreneur Elon Musk announced that shareholders of X Corp, a conglomerate…
Lido node operator InfStones will be replacing its validator keys following the vulnerability disclosure by blockchain security company dWallet Labs. Lido acknowledged the vulnerability and said its security team is working with node operators to assess the scope and potential impact. InfStones, a blockchain infrastructure provider and one of the core node operators of Lido Finance, a liquid staking protocol, is attempting to address recent vulnerabilities by rotating validator keys. The platform is expected to take security measures by temporarily withdrawing Ethereum validators from Lido. Why does InfStones take these security measures? InfStones’ move follows the discovery and disclosure of…
At press time, Bitcoin was trading at $37,172.29. BTC surpassed $37,000 following Javier Milei’s victory in Argentina’s presidential election. Javier Milei is a politician who supports Bitcoin. Bitcoin surged past $37,000 following Javier Milei’s victory in the Argentine presidential election. Mailay, a self-described anarcho-capitalist, was elected president with 55% of the vote, signaling a major political change in the country. Bitcoin support boosts market confidence Known for his advocacy for Bitcoin, Mailay has established himself as a supporter of decentralized finance (DeFi) and a critic of central banks. His victory has resonated positively within the cryptocurrency community, with Bitcoin enthusiasts…
British Prime Minister Jeremy Hunt has announced plans for cryptocurrency legislation. The government aims to pass legislation to formalize the Digital Securities Sandbox (DSS). DSS provides a controlled testing environment for encryption technologies and services. UK Chancellor of the Exchequer Jeremy Hunt announced legislative proposals for a Digital Securities Sandbox (DSS) in his mini-budget presentation on Wednesday in a move to boost the digital asset sector. As part of his autumn statement, Mr Hunt set out 110 measures to boost economic growth, including introducing a digital securities sandbox. Proposed Digital Securities Sandbox (DSS) The proposed legislation aims to foster the…