Company • August 23, 2024 12:08 AM EDT Updated: August 23, 2024 12:11 AM EDT Global corporation Sony GroupStartale, a joint blockchain investment firm, announced the development of Soneium, the first Ethereum layer-2 blockchain aimed at mass adoption with a focus on scalability and user-friendliness.Sony Block Solutions Labs said in a statement that Soneium plans to offer Web3 apps across a range of verticals including entertainment, gaming and finance after launch, leveraging Sony’s global Web2 presence.“The Sony Group has strong distribution channels across a wide range of industries and users who already exist in our daily lives,” said founder Sota…
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Iris Coleman 23 Aug 2024 05:59 Ethereum developers gathered to discuss the Pectra upgrade, PeerDAS, and other major proposals in the all-core developer consensus call #140. According to Galaxy.com, on August 22, 2024, Ethereum developers gathered via Zoom for the All Core Developers Consensus (ACDC) Call #140. The meeting, which takes place every two weeks, focused on discussing and coordinating changes to Ethereum’s consensus layer (CL), the Beacon Chain. The call was chaired by Ethereum Foundation (EF) researcher Alex Stokes.Pectra UpgradeStokes flagged a new CL spec release for Pectra upgrades, tagging it as v1.5.0-alpha.5…
TRON’s SunPump generated $1 million in revenue. Solana’s success came after Pump.fun. SunPump caused a surge in TRON trading volume. The Mimecoin market is growing rapidly, driven in part by platforms like Solana’s Pump.fun, which make it easier than ever to launch Mimecoins. This has led to a number of Solana Mimecoins, including many celebrity Mimecoins, being introduced to the Solana blockchain. Recently, Justin Sun’s TRON has jumped on this trend. Since the launch of SunPump, the platform has grown at a record pace, with network activity increasing significantly. TRON’s SunPump Rides the Memecoin Fever TRON’s decision to copy Solana…
Amsterdam, Netherlands, August 22, 2024, Chainwire Hivello, the leading aggregator of decentralized physical infrastructure networks (DePINs), announced a strategic partnership with Mysterium Network, a pioneer in decentralized networking and VPN services. The collaboration aims to integrate MystNodes into the Hivello platform to foster mutual growth, enhance network capabilities, and expand user engagement within the decentralized technology space. Hivello and Mysterium Network have formed a strategic partnership to integrate MystNodes into the Hivello platform. MystNodes provides an opportunity to share Internet bandwidth. This collaboration allows Hivello users to contribute to the idea of an open Internet without censorship and borders, and…
Bitcoin (BTC) gained 4% between August 21 and August 22, and despite losing some momentum, it held support at $60,000. Some analysts argue that a break above the $62,000 resistance level is needed to confirm the bullish trend. However, given the market’s confidence that the U.S. Federal Reserve (Fed) will implement expansionary measures, the odds are still high for Bitcoin bulls.Bitcoin fundamentals and spot ETF flows remain robust.Bitcoin analyst and investor Decode believes that BTC price needs to break above the 200-day moving average, especially at the monthly close, to “restart the uptrend.” source: DecodeharHowever, Decode added that Bitcoin “seems…
NFT Marketplace • August 22, 2024 10:36 AM EDT Posted 1 minute earlier ~ in Updated: August 22, 2024 12:46 PM EDT Magic Eden, the leading NFT marketplace, will adopt a utility token called ME, developed by the ME Foundation and to be launched in the future. ME tokens enable cross-chain trading. Solana brush +2.00% According to a press release shared with The Block, the Magic Eden-based platform will incentivize consumers to “transact all assets on the largest chain at all times.” The team anticipates that as interest in NFTs and Bitcoin-based runes grows, the token will be integrated into…
The world’s largest cryptocurrency exchange, Binance, is adding support for a new meme coin created by the community of messaging platform Telegram. Binance has announced that it will list the meme coin Dogs (DOGS) on its Layer 1 blockchain, The Open Network (TON). Binance will first list DOGS on Binance Launchpool on August 23, allowing users to farm the new asset by staking their coins. Binance then plans to list the asset for trading on August 26. Binance says: “DOGS is designed to leverage Telegram’s massive user base and native meme culture. Centered around the beloved dog mascot originally drawn…
Rebecca Moen Aug 23, 2024 02:36 Discover the unique features and applications of the Sui DeFi ecosystem, including lending and borrowing protocols, DEX, and NFT marketplace. Sui Blockchain’s decentralized finance (DeFi) provides a unique and powerful ecosystem for both users and developers. According to The Sui Blog, Sui’s basic primitives enable DeFi applications to solve common challenges such as liquidity bootstrapping through tools like DeepBook.Sui’s DeFiIn many DeFi ecosystems, users face friction points, especially when they are new to Web3. Sui simplifies DeFi activities and makes them user-friendly, as it does not require authorization…
We round up the weekly news from across Asia, highlighting the most important industry trends. Power struggle with Southeast Asia’s Bitcoin miners Southeast Asia has become a hotbed of Bitcoin mining following China’s massive crackdown in 2021. Authorities across the region are now battling a surge in electricity theft used to fuel these mining activities. Malaysian authorities arrested seven people this week for allegedly mining bitcoin illegally using stolen electricity, according to Malaysian state-run news agency Bernama. Police seized 52 pieces of mining equipment along with electronic devices and several vehicles worth about 250,000 ringgit (US$57,000). But that’s just the…
The curve is formed at the upper time frame. Why are big holders selling ahead of the upcoming alt season? Curve (CRV) recently broke out on the 2-day time frame, signaling a possible price increase. Using the Lux Algo indicator, CRV successfully retested the breakout level and is now targeting a new high. After completing the 5th wave bottom, CRV established support at $0.30 and resistance was found at $0.42. However, it is uncertain whether CRV will reach the short-term high of $0.50. Source: TradingView CRV has also broken out of consolidation at the time of writing, and price action…