The Solana blockchain has recently seen record highs in on-chain transfer volume, but market intelligence firm Glassnode claims that much of this activity is performed by bots. Glassnode noted in an X post on November 19 that Solana (SOL) transfer volume hit an all-time high of $318 billion on November 16. This is almost three times SOL’s entire market capitalization (currently around $112.5 billion). Solana’s total number of active addresses jumped to 22 million. Nonetheless, the on-chain analytics firm noted that average and median trading volumes declined over the same period. This raises questions about the veracity of Solana’s metrics.…
Author: Crypto Flexs
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Digital asset management company Bitwise has registered a statutory trust for its proposed cash Solana exchange-traded fund (ETF) in Delaware. This means you can file an S-1 registration statement with U.S. securities regulators.The Bitwise Solana (SOL) ETF was incorporated on November 20, according to the Delaware Department of Corporations website. Our registered agent is CSC Delaware Trust Company, based in Wilmington, Delaware.Bitwise will need to file a 19b-4 filing and S-1 registration statement with the U.S. Securities and Exchange Commission to officially place its name in the race against VanEck and Canary Capital.On October 1, Bitwise applied to register a…
james ding November 21, 2024 03:48 IIT Madras Brain Center has collaborated with NVIDIA to revolutionize neuroscience research by using AI to enhance brain imaging analysis through visual question answering and multimodal search. The Brain Center at the Indian Institute of Technology Madras (IIT Madras) is at the forefront of neuroscience research using cutting-edge artificial intelligence (AI) technology. According to a recent report from NVIDIA, the brain center is collaborating with NVIDIA to leverage visual question answering (VQA) and multimodal search to improve accessibility and analysis of brain imaging data. Neuroscience Knowledge Exploration Framework…
Polygon’s new and improved native token delivers a 40% improvement in two weeks. MATIC’s $1 target, not seen since April 1, now relies on a “distrust rally.” CoinGlass data reveals short selling pressure on Polygon (MATIC). The recently revamped Polygon blockchain has lagged significantly behind other major altcoins in recent rallies. The rally, fueled by the cryptocurrency-friendly outcome of the U.S. presidential election, has set multiple all-time highs for Bitcoin (BTC), but the major digital asset is not the only one sparking a clear rally.Most blue-chip altcoins like Hedera Hashgraph (HBAR), Stellar (XLM), and Ripple (XRP) posted triple-digit gains to…
Kain Warwick, an Australian behind decentralized crime protocol Synthetix and now “UX layer” Infinex, says the clock is ticking for cryptocurrencies to grow fast enough to reach a point where they can never be attempted to be shut down again. In an interview with Magazine at Near’s Redacted conference in Bangkok, Warwick said it would take four years for the cryptocurrency industry, especially his latest venture, Infinex, to go mainstream.“If we can have mass adoption in the next four years, if everyone has access to the chain and hundreds of millions or billions of users, then the work is done.…
U.S. Securities and Exchange Commission (SEC) It has been delayed The decision is on Franklin Templeton’s application to launch a cryptocurrency exchange-traded fund (ETF) offering exposure to Bitcoin (BTC) and Ethereum (ETH) by January 6, 2025. The SEC initially set a 45-day deadline for a decision, which was November 22. However, under Section 19(b)(2) of the Securities Exchange Act of 1934, the SEC may extend this period by up to 90 days. Ensure additional time is needed to evaluate rule changes and related issues. If approved, the Franklin Crypto Index ETF; contaminated It will be trading on the Franklin Crypto…
A rival to Solana (SOL) may be gearing up for a series of rallies, a cryptocurrency analyst said. In a new strategy session, cryptocurrency trader Michaël van de Poppe told his 737,600 followers on social media platform said. It is tied at $0.52. “There is a very strong movement in the SEI market. I expect it to break this resistance area, and if it does, I assume we’ll see it race towards an all-time high in the next 4-6 weeks. “Imitates SUI.” Source: Michaël van de Poppe/X SEI is trading at $0.4892 at the time of writing, down 4.5% in…
jack anderson November 20, 2024 13:09 Canaan Inc. (NASDAQ: CAN) reported significant year-over-year revenue growth of 120.9% in the third quarter of 2024. The company sold 7.3 million Thash/s of computing power despite a difficult market. Canaan Inc. (NASDAQ: CAN), a leader in high-performance computing solutions, announced third quarter 2024 unaudited financial results. The company reported a significant increase in total revenue, reaching $73.6 million, representing a 120.9% year-over-year increase. -Year-on-year growth according to PR Newswire. Financial Highlights The company exceeded its previous revenue target of $73 million, driven by solid performance in computing…
Follow Nikolaus on X here. MicroStrategy (MSTR) now has a market capitalization of over $100 billion, making it the 93rd largest publicly traded company in the United States.As of this writing, MSTR has more trading volume than today’s stock giants Tesla and Nvidia, and it’s causing traditional stock traders like the Wall Street Bets community to lose their minds.wow $MSTR It is the most traded stock in the United States today. $TSLA and $NVDA it’s crazy. It’s been a few years since the stock traded in more than one of two ways (in fact, it may have been). $GME finally).…
Ethereum registered the highest dApp volume in the last 30 days. ETH’s price trend has been less active. Ethereum’s (ETH) decentralized application (dApp) ecosystem has seen an impressive surge in activity, with trading volume increasing 38% over the past month. This growth signals renewed interest in the DeFi, NFT, and gaming sectors. But important questions still remain. Will this on-chain activity lead to an upward trend in the price of ETH? The Ethereum network appears to be active with increased gas usage, increased transaction volume, and dApp participation. Nonetheless, price action remains cautiously optimistic. Ethereum dApp volume increases Recent data…