Veteran on-chain analyst Willy Woo said altcoins will continue to see less explosiveness over time as the cryptocurrency market matures. Woo told his 1.1 million followers on social media platform Rather than focusing on decentralized finance (DeFi) or some sort of technological innovation, Woo says the current altcoin hype is mostly focused on memes, which he believes is a poor view of the cryptocurrency space. The analyst says: “I’m not saying there won’t be an alt season. Certainly, there will be an echo fractal with mid-caps and low-caps pumping after the BTC pump as investors seek higher returns on the…
Author: Crypto Flexs
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Decentralized Physical Infrastructure Network (DePIN) is one of the hottest new stories in the cryptocurrency industry. However, the extent to which the DePIN project actually relies on blockchain networks is currently an open question.Dubbed the “Internet of Things (IoT) with blockchain,” the DePIN project connects and manages physical devices that collect and exchange data, such as wireless networks, energy grids, or storage systems. These networks generate huge amounts of data, so connecting DePIN via blockchain requires a high-throughput chain. Even blockchains can only record small components of data.Helium, one of the best-known DePIN projects connecting wireless networks, abandoned its own…
rhinestone’s ERC-7579 adapter for Safe smart accounts provides full ERC-4337 and ERC-7579 compliance, which is achieved by acting as a fallback handler and enabled module for Safe. As a result, all safe smart accounts can utilize all ERC-7579 modules. The adapter can be added to an existing Safe smart account. However, a launchpad has also been developed that allows you to set up new safe smart accounts using an already activated ERC-7579 adapter. rhinestone collaborated with Ackee Blockchain Security to conduct a security review of the rhinestone ERC-7570 adapter for secure smart accounts over a period of 16 days, from…
AERO surged +1200 last year. Baseline growth was the most important driver. Will this trend continue? Airfield Cryptocurrency (AERO) It has seen tremendous growth thanks to the massive expansion of Base, the Ethereum (ETH) L2. Aerodrome is a strategic central liquidity provider for the Base ecosystem, operating as a decentralized exchange (DEX) and automated market maker (AMM). The growth of L2 has been a huge catalyst for the protocol. Total Value Locked (TVL) for Base in 2024 increase 6x (from $500 million to nearly $3 billion). During the same period, Aerodrome Finance’s TVL increased from $100 million to more than…
lawrence jenga October 24, 2024 14:30 BitMEX has switched the marking method of SCRUSDTH25 to fair price marking by leveraging a new index based on spot prices from Binance, Kucoin, and Bitget. BitMEX, a leading cryptocurrency exchange, has announced a significant change in the marking scheme for the SCRUSDTH25 contract. According to the BitMEX blog, from 09:10 UTC on October 24, 2024, the marking method will now be based on fair price marking. Introduction of strong indices The transition to fair price marking is facilitated by the construction of a composite index that accurately…
In response to claims that the Ethereum Foundation irresponsibly sold off its ETH holdings, co-founder Vitalik Buterin categorically denied the accusations against X. In his explanation, Buterin provided detailed insight into the foundation’s financial practices and contributions to the ecosystem. . The controversy arose when user Buterin quickly went to Is the Ethereum Foundation dumping ETH? On October 26, 2024, he gave a clear refutation to the rumor, saying, “You haven’t sold a single ETH in the past month?” In fact, the amount of ETH I hold has increased.” In response to further inquiries about the activities of the ETH…
After breaking away from its all-time high of $73,800, the Bitcoin price is consolidating within a wide range between $53,000 and $72,000. relevant: ‘Most Bullish’ Weekly Close — 5 Things to Know About Bitcoin This WeekHowever, technical chart patterns and various indicators suggest that the Bitcoin (BTC) consolidation may be nearing completion and the price may be on the verge of a breakout.BTC/USD daily chart. source: TradingViewBitcoin Price Consolidation Brings “More Optimistic Outcomes”According to cryptocurrency analyst Rekt Capital, Bitcoin may be nearing a halt in consolidation after achieving a bullish weekly close on October 27.Rekt Capital said in an October…
Former US President Donald Trump leads the blockchain-based betting market at nearly 67% as mystery whales continue to bet on his victory in the upcoming presidential election on November 5.Trump’s odds of winning the upcoming presidential election topped 66.3% on Oct. 28 on a major decentralized prediction market, according to data from Polymarket.2024 presidential election winner, 1 month chart. Source: PolymarketTrump’s odds have improved after a polymarket whale, or large holder, invested an additional $2 million worth of USD Coin (USDC) tokens in a pro-Trump bet.According to on-chain intelligence firm Lookonchain, the mystery whale spent a total of $7.22 million…
Disclosure: This article does not represent investment advice. The content and materials contained on this page are for educational purposes only. Rollblock is a smart GambleFi platform that is quickly gaining popularity in the cryptocurrency market, beating out XRP and Solana. The cryptocurrency market is thriving in ways that were unimaginable just a few years ago. Gone are the days when cryptocurrency relied only on speculative investments. Today, Rollblock is gaining traction, ahead of XRP and Solana in popularity. Rollblock is a prime example of a next-generation cryptocurrency. The GambleFi platform offers something older cryptocurrencies can only dream of, and…
Ted Hisokawa October 26, 2024 03:15 Celestia will host a series of module-focused events in Bangkok during Devcon, featuring workshops, talks and community activities for blockchain developers. Celestia, a leader in the blockchain industry, is preparing a series of exciting events in Bangkok during the upcoming Devcon. According to the Celestia blog, the event is designed to foster innovation and collaboration within the modular blockchain community. modular bangkok The event receiving attention is ‘Modular Bangkok,’ scheduled for November 10th. Co-hosted with Movement Labs and ContributionDAO, the event will focus on new construction companies adopting…