Blockchain, or simply chain abstraction, has become a hot topic in the web3 as developers, users, and advocates look for ways to attract new users and expand the reach of the overall cryptocurrency ecosystem. Blockchain abstraction means simplifying the end-user experience of blockchain technology by separating the complex underlying technology of blockchain while retaining the core benefits of blockchain. This allows users and developers to interact with blockchain applications more easily without having to have deep technical knowledge. Why do we need chain abstraction?Despite the improvements in usability of various blockchain applications over the years, there are still certain technical…
Author: Crypto Flexs
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Selling pressure on Ethereum has been increasing over the past few days. The NVT ratio indicates that Ethereum is overvalued. Ethereum (ETH) Investors have had a tough time as bears continue to dominate the market. In fact, recent data suggests that it may take longer for bulls to regain control. Let’s take a look at why the ETH downtrend is likely to push the token price lower even further. Ethereum’s troubled future CoinMarketCap’s data Ethereum bears have revealed that the token’s price has dropped by more than 10% over the past seven days. The bearish trend continued over the past…
At first glance, the Win-O-Mart slot appears to depict the most ordinary scene possible: a convenience store staffed by standard white men. Then look a little closer and some of the items start to move as if they have something alive inside them. The neck of the wine bottle is twisted so much that it is not effective in pouring the wine into the glass. Then the 10% off sign comes to life and changes so quickly that you will wonder if you have lost your mind when you first see it with your squint. And just when you think…
Jack Anderson September 1, 2024 08:34 TEAL provides a learning-free approach to activation sparsity that significantly improves the efficiency of large-scale language models (LLMs) with minimal degradation. TEAL (Training-Free Activation Sparsity in LLMs) has emerged as a groundbreaking approach to improve the efficiency of large-scale language models (LLMs) without additional training. According to together.ai, the method achieves 40-50% activation sparsity with minimal degradation by applying size pruning to the hidden state throughout the model. This innovation allows transferring fewer weights to on-chip memory, solving the memory-bound nature of LLM inference and translating into a…
According to data tracked by Lookonchain, Ethereum co-founder Vitalik Buterin transferred around $10 million worth of his Ether (ETH) to a wallet associated with a cryptocurrency exchange in August.Additionally, according to Arkham Intelligence data, Buterin’s Ether address has seen around 422,000 ETH (worth $1.04 billion as of September 1, 2024) drained since 2015. Over the past two years, over 840,000 ETH have left the address.The move has led to speculation that Buterin is selling his ETH holdings to take profits on Ethereum, especially since the cryptocurrency is trading 180% higher than its 2022 cycle low of $885. Vitalik Butering Ether…
Toncoin has recently seen incredible success in The Open Network (TON) ecosystem, surpassing 1.1 million daily active users (DAU) and reaching a market cap of $13.96 billion.According to IntoTheBlock (ITB) data, Toncoin (TON) hit the DAUs milestone on May 13th and has the highest market cap in the TON ecosystem as of August 26th.The rise to the top of the market cap rankings in the TON ecosystem came just two days after Telegram CEO Pavel Durov was arrested after landing on a plane at Le Bourget Airport outside Paris.relevant: Will TONCOIN linked to Telegram recover after Pavel Durov’s arrest?Whale concentrationAccording…
James Ding Aug 30, 2024 20:43 BitMEX will change the minimum price increment, lot size, default initial margin, and maintenance margin for some contracts on September 6, 2024. According to a recent announcement from BitMEX, there will be significant changes to the trading parameters of several contracts on the platform. These changes, which will take effect on September 6, 2024 at 04:00 UTC, include adjustments to minimum price increases, lot sizes, default initial margin, and maintenance margin. Details of the changes These changes are part of BitMEX’s ongoing efforts to improve trading efficiency and…
Bitcoin Dogs’ token 0DOG has surged after launching a high APY liquidity pool. As interest in Bitcoin grows in the United States, the value of 0DOG has also increased amidst the overall market trend. Despite the surge in demand in the US, global Bitcoin demand and returns remain weak. The cryptocurrency market is abuzz with recent developments as Bitcoin Dogs’ native token, 0DOG, has seen a dramatic surge in value amid increased demand for Bitcoin in the U.S. The notable increase in 0DOG’s value comes after the launch of a liquidity pool and a surge in Bitcoin interest following comments…
Felix Pinkston 30 Aug 2024 21:02 BounceBit announces V2 upgrade, strengthening the CeDeFi and BounceClub ecosystem with new features and improved user experience. According to BounceBit, BounceBit has officially announced the launch of BounceBit V2, a comprehensive upgrade to the CeDeFi and BounceClub ecosystem. This upgrade aims to improve user experience and introduce new features, reflecting the company’s commitment to innovation and usability within the blockchain space.Introducing BounceBit V2The BounceBit V2 upgrade is a response to extensive community feedback and a thorough exploration of our product development strategy. While CeDeFi focuses solely on trading…
Bitcoin’s recent market performance has been overshadowed by concerns about liquidity and the potential for massive sell-offs by so-called “whales,” entities that hold significant amounts of cryptocurrency. As August draws to a close, Bitcoin has lagged traditional assets amid concerns that governments and other major holders will begin to liquidate their holdings. This Bitcoin market liquidity analysis examines the factors contributing to these concerns and the potential implications they could have for the broader cryptocurrency market. Potential whale selling A major factor that makes the Bitcoin market unstable is the possibility of a large-scale sell-off by major holders, including governments.…