Rebecca Moen Sep 4, 2024 02:45 The Ethereum Foundation has launched a new round of data collection grants aimed at improving the understanding and robustness of the Ethereum network. According to the Ethereum Foundation blog, the Ethereum Foundation has announced a new grant focused on data collection initiatives aimed at increasing understanding and robustness of the Ethereum network. Apibara: Open Source Data Platform One notable project receiving support is Apibara, an open source data platform. The project integrates Ethereum Execution and Consensus Layer data into Apibara, allowing developers and researchers to sync on-chain data…
Author: Crypto Flexs
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According to a Web3 gaming executive, the sheer number of blockchains is creating problems for blockchain gaming. According to Sebastian Borje, co-founder of The Sandbox and president of the Blockchain Game Alliance, the sheer number of blockchains means that users are spread across many different networks, none of which boasts a massive user base. Borget told Web3 Gamer that one of the industry’s biggest challenges is that there is “too much blockchain.” Gaming companies need to figure out which blockchain ecosystem to choose among the many options available, including Layer 1, Layer 2, and Layer 3 blockchains such as ImmutableX,…
The Bitcoin (BTC) price has fallen 6.5% over the past seven days, and the decline continued on September 3rd, with the DOW down 1.2%. The S&P 500 fell 1.3%, and the Nasdaq Composite fell 1.8% over the same period. Some traders attribute the decline to the Bank of Japan (BoJ) statement, saying it is reigniting recession concerns about the health of the global economy. BTC/USD hourly chart. Source: TradingViewMarkets fell again on Tuesday, September 3, after the Bank of Japan signaled further interest rate hikes, according to Bloomberg.In a document submitted to a government committee chaired by former Prime Minister…
The cryptocurrency market took another hit on September 3, with the total market cap dropping by over 1.5% to around $2.3 trillion. The plunge left many market participants questioning the key catalyst for this downturn and how much longer it will last. 24-hour performance of major cryptocurrencies. Source: Coin360Let’s take a look at the factors that have caused the cryptocurrency market to decline today.Cryptocurrency Prices Plummet on Weak Manufacturing DataCryptocurrency markets are also selling off, mirroring the weakness experienced by U.S. stock markets, with the S&P 500 seeing its biggest drop since the market crash on August 5. The S&P…
The Threshold community has proposed merging tBTC and WBTC. This proposal stemmed from concerns about the stability of WBTC due to Justin Sun’s involvement. According to the proposal, BitGo will receive T tokens and become a key stakeholder in the Threshold Network. As part of a strategic move to secure the future of Wrapped Bitcoin (WBTC), a proposal has been put forward to merge Threshold’s decentralized tBTC token with BitGo’s WBTC, titled “#saveWBTC – Merge with Threshold’s tBTC.” The proposal, currently being discussed on the Threshold forum page, comes as concerns grow within the cryptocurrency community about the stability of…
Exchange • September 3, 2024 4:40 PM EDT Posted 1 minute earlier ~ in Binance, the world’s largest cryptocurrency exchange Solana brush -6.18% According to an announcement made on Tuesday, the staking product will be launched by the end of September.The so-called BNSOL tool allows users to stake their SOL tokens to earn a portion of the fees paid by the network, while also minting liquid staking tokens that can be used while the underlying tokens are locked.“Unlike basic staking that locks up assets, BNSOL is an ideal solution for those looking to maximize the potential of their staked Solana…
Pump.fun reaches $100 million in sales. Critics charge that the platform has high fees and huge losses. Pump.fun makes launching tokens easier than ever. The Mimecoin craze has captured retail investors, luring them with the promise of quick profits. However, the reality for most investors is far from what they had hoped for. Most Mimecoins collapse in a short period of time, leaving retail investors with losses. One of the platforms that makes money with Mimecoin is Pump.fun, which made $100 million in record time. However, it has been met with criticism, with many accusing the company of profiting from…
Timothy Morano Sep 3, 2024 03:51 Binance adds Toncoin (TON) to its Simple Earn Locked Products, offering up to 5.9% APR rewards during the promotional period. Binance, one of the major cryptocurrency exchanges, has announced that it is adding Toncoin (TON) to its Simple Earn Locked Products. According to Binance, this new product will allow users to earn up to 5.9% APR rewards during the promotional period.Mechanism of TON lock productsThe subscription format for TON Locked Products operates on a first-come, first-served basis. Certain subscription amounts, limits, and term requirements apply, which affect the…
The Bitcoin (BTC) price fell 10% in the 10 days ending September 3, dropping from $64,190 to $57,800. This decline came as the S&P 500 was just 2% below its all-time high and gold was just $50 off its all-time high. Some cryptocurrency investors attribute Bitcoin’s decline to the broader macroeconomic environment, but other factors are also pushing the price below $59,000.The macro economy is in a downtrend, but traders are sensing a change in trend. source: DamidepiTrader DamiDefi explains that while Bitcoin has been affected by US recession fears, this trend is stabilizing as the focus shifts to “monetary…
A widely known cryptocurrency analyst believes that Ethereum (ETH) and one of its competitors are gearing up for a major recovery rally. Anonymous cryptocurrency trader Kaleo told his 645,400 followers on social media platform X that Ethereum could soon surge into double digits after testing the $2,100 level and breaking out of a downtrend line. “Late $2,100/early $2,200, then rebound.” Source: Kaleo/X Looking at the charts, this trader predicts that ETH could hit $4,000 within a few months, which would represent an increase of over 64% from the current price. At the time of writing, Ethereum is trading at $2,440,…