A lucky cryptocurrency trader has reaped huge profits after investing early in the new native asset of the non-fungible token (NFT) project built on top of Solana (SOL). Market analysis platform Arkham Intelligence reports that someone purchased $6 worth of PENGU, a new utility token from NFT project Pudgy Penguins, and added it to Solana-based decentralized exchange (DEX) Raydium (RAY) along with $1,100 worth of SOL. He said he did. . Arkham explains. “Several users targeting the launch of PENGU exchanged into his pool, purchasing tokens at very unfavorable prices. He made a profit of $87,000 in SOL and PENGU…
Author: Crypto Flexs
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Felix Pinkstone December 17, 2024 13:45 Sui Bridge integrates Circle’s Cross-Chain Transfer Protocol (CCTP) to enable seamless USDC transfers between Sui and eight other blockchains, improving interoperability and efficiency. According to the Sui Foundation, Sui Bridge integrates Circle’s Cross-Chain Transfer Protocol (CCTP), significantly improving its ability to facilitate USDC transfers across multiple blockchains. This integration will allow users to seamlessly transfer USDC stablecoins between Sui and eight other major blockchain networks. Enhanced Blockchain Interoperability Sui Bridge’s adoption of CCTP marks a pivotal advancement in blockchain interoperability. In addition to Sui, the protocol supports USDC…
As market sentiment becomes cautious, XRP and ETH are competing fiercely to attract capital from Bitcoin. XRP has the potential to carve out its own asset class distinct from BTC by 2025. The resilience of cryptocurrency markets is being tested once again as the FOMC concludes 2024 with a “speculative” twist. The third and final interest rate cut of the year in just four months has sparked a sharp sell-off in Bitcoin (BTC). A long red candlestick erased five days of gains, pulling BTC price below the critical $100,000 level. But this may be just the beginning. The Fed said,circumspect”…
A US federal judge has rejected BiT Global’s order to block Coinbase’s listing of Wrapped Bitcoin (WBTC). Judge Araceli Martínez-Olguín on Wednesday rejected claims filed by Hong Kong-based BiT Global to block Coinbase’s delisting of WBTC. The judge ruled that the plaintiffs failed to prove immediate and irreparable harm that would result if the defendants delisted WBTC. Coinbase wins over BiT Global Judge Martínez-Olguín informed BiT Global’s lawyers that he had decided not to stop Coinbase’s delisting plan because there was missing evidence of what was going to happen. The ruling stems from a lawsuit filed by BiT Global…
Darius Varu December 17, 2024 14:16 Wormhole and Nuffle Labs will use EigenLayer to launch a pioneering native multichain re-staking solution that eliminates the need for asset bridging and improves liquidity across blockchain networks. Wormhole and Nuffle Labs have revealed plans to launch a groundbreaking native multichain re-staking solution by integrating with EigenLayer to allow users to stake across multiple chains without the need to bridge their assets. According to Wormhole, this innovative approach is expected to preserve the token’s native functionality while connecting users to EigenLayer’s extensive ecosystem of more than 100 Actively…
Solana-based memecoin Fartcoin briefly surpassed the $1 billion market capitalization mark on December 18, rising 113% over the past 30 days, even as most altcoin markets suffered double-digit slumps on the day. Fartcoin, a memecoin with absolutely no utility, rose to prominence as broader cryptocurrency markets were shaken after the U.S. Federal Reserve announced a 25 basis point interest rate cut and signaled the cut may be smaller than expected in 2025. I paid it.According to CoinMarketCap data, between 8:20 PM and 9:00 PM UTC on December 18, Fartcoin’s price was an outlier in the altcoin market, surging about 21%…
Darius Varu December 19, 2024 04:20 BitMEX announced the launch of the USUALUSDT perpetual swap, offering traders up to 50x leverage. The new trading pair will be available on December 19, 2024. BitMEX, a leading cryptocurrency exchange known for its leveraged trading services, announced the imminent launch of a new trading pair called USUALUSDT perpetual swap. According to BitMEX, the new listing is scheduled to go public on December 19, 2024 at 04:00 UTC and will give traders the opportunity to utilize up to 50x leverage. USUALUSDT Perpetual Swap Details The USUALUSDT perpetual swap…
December 17th Bitfinex Alpha | Outlook 2025: New peaks await, but volatility is also high! Post time: 17:09h On Bitfinex Alpha Posted by Tammy Bitcoin has achieved incredible results, with a market capitalization exceeding $2 trillion and a price reaching $100,000! Currently, 94.25% of the total 21 million Bitcoins have been mined, making Bitcoin the 7th largest asset in the world, surpassing both silver and Saudi Aramco Oil & Gas Company. In particular, ETFs will become the dominant player in the Bitcoin market in 2024, holding over 1.13 million BTC, with total investment inflows into spot ETFs in the United…
Cryptocurrencies continue to attract attention from traders and investors globally as they evolve while offering new profit opportunities. With tokens like PENGU, iDEGEN, and STX gaining attention, many people are looking for the best strategies to maximize their potential returns. In this article, we explore why these tokens are generating buzz, discuss their growth potential, and provide tips for navigating the volatile cryptocurrency landscape.What creates buzz around PENGU?PENGU quickly gained attention in the meme coin space. Like the early days of Dogecoin and Shiba Inu, PENGU is primarily driven by social media activity and a growing community. Analysts suggest that…
Timothy Morano December 19, 2024 05:09 NVIDIA introduces CUDA-accelerated homomorphic cryptography in Federated XGBoost to improve data privacy and efficiency in federated learning. These advancements address security concerns in both horizontal and vertical collaboration. NVIDIA has made significant advances in data privacy for federated learning by integrating CUDA-accelerated homomorphic encryption into Federated XGBoost. According to NVIDIA, this development aims to address security concerns in both horizontal and vertical federated learning collaboration. Federation XGBoost and its applications XGBoost, a widely used machine learning algorithm for modeling tabular data, has been extended by NVIDIA to support…