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DAI Circulation Approaches 5 Billion As MakerDAO Unleashes Key Updates

Maker Mkr

In a recent announcement on the social media platform X (formerly Twitter), MakerDAO, the Ethereum-based protocol responsible for issuing the DAI algorithmic stablecoin, provided insights into the performance of the Maker Protocol following recent changes. Over the past few weeks, MakerDAO has implemented significant updates to the protocol and the DAI stablecoin.  Introducing the Accelerated…

DAI Circulation Approaches 5 Billion As MakerDAO Unleashes Key Updates Read More »

Bitcoin Mining Difficulty Hits Record High In Anticipation Of Halving Event – Here’s Why It Matters

Bitcoin News

The Bitcoin network mining difficulty has surged nearly 4% to hit an all-time high just a few days before the highly anticipated Halving event. This adjustment, recorded at 86.4 trillion, marks a crucial milestone in the cryptocurrency’s history. Decrypting Bitcoin’s Mining Complexity Notably, Bitcoin mining difficulty measures miners’ complexity in solving mathematical puzzles to validate…

Bitcoin Mining Difficulty Hits Record High In Anticipation Of Halving Event – Here’s Why It Matters Read More »

Crypto Expert Unveils Most Undervalued Altcoin Right Now

Cryptocurrency Market News

Charles Edwards, the founder of crypto hedge fund Capriole Investments, spotlighted what he believes to be the most undervalued altcoin at the moment. Via a statement on X, Edwards pointed to PENDLE, a token operating within the DeFi space, citing its exceptional total value locked (TVL) and market cap as primary indicators of its undervaluation.…

Crypto Expert Unveils Most Undervalued Altcoin Right Now Read More »

CEO Throws Cold Water On May Ethereum ETF Approval – Impact On Price

Ethereum

The much-anticipated arrival of spot Ethereum exchange-traded funds (ETFs) in the US seems to be hitting a snag. Industry leaders are voicing growing concerns about the likelihood of securing regulatory approval from the Securities and Exchange Commission (SEC), with a deafening silence from the agency fueling anxieties. Jan van Eck, CEO of investment firm VanEck,…

CEO Throws Cold Water On May Ethereum ETF Approval – Impact On Price Read More »

Uniswap Bloodbath: UNI Price Crashes 16% On SEC Lawsuit Fears

Cryptocurrency Market News

The US Securities and Exchange Commission (SEC) has served a Wells Notice to Uniswap, a leading decentralized exchange (DEX). This pre-enforcement notice, a precursor to potential legal action, triggered a plunge in Uniswap’s native token, UNI. At the time of writing, UNI was trading at $9.37, down 16.2% in the last 24 hours, data from…

Uniswap Bloodbath: UNI Price Crashes 16% On SEC Lawsuit Fears Read More »

Changing Tides: Restaking Takes Center Stage In Ethereum (ETH) Staking Landscape

Ethereum News

In recent months, the Ethereum staking landscape has witnessed significant transformations, prompting a shift in investor preferences and reshaping the sector’s dynamics.  According to on-chain data researcher and strategist at 21Shares, Tom Wan, key metrics indicate a notable change in the approach towards Ethereum staking, with restaking gaining prominence as a preferred method. Ethereum Restaking…

Changing Tides: Restaking Takes Center Stage In Ethereum (ETH) Staking Landscape Read More »

Is The Bull Run Nearing its End? Marathon CEO Asserts Bitcoin ‘Halving’ Rally Already Priced In

Bitcoin News

In anticipation of the upcoming Bitcoin Halving event, which is expected to occur later this month, Marathon Digital CEO Fred Thiel believes that the price impact may already be factored into the market to a certain extent.  Thiel shared his insights in a recent interview with Bloomberg, in which he discussed the potential catalysts for…

Is The Bull Run Nearing its End? Marathon CEO Asserts Bitcoin ‘Halving’ Rally Already Priced In Read More »

Crypto Experts Predict Massive Price Surge For XRP Price, Is $20 Possible?

Xrp

Crypto experts continue to be bullish on the XRP price despite the poor performance that the altcoin has exhibited in recent times. Some of these experts see the cryptocurrency’s price rising higher from its current level, with one analyst expecting XRP to rise as high as $20 in the coming bull market. XRP Price On…

Crypto Experts Predict Massive Price Surge For XRP Price, Is $20 Possible? Read More »

Bitcoin To Go ‘Ballistic’ After Halving, Says Top Analyst – Here’s Why

Bitcoin News

As the crypto space eagerly awaits the highly anticipated Bitcoin halving event, top crypto analyst Willy Woo has emerged with a bullish prediction that has stirred considerable excitement among enthusiasts. Woo particularly underscored the potential for Bitcoin’s price to surge dramatically, using the term “ballistic” to describe the expected trajectory post-Halving. Notably, Bitcoin’s Halving is…

Bitcoin To Go ‘Ballistic’ After Halving, Says Top Analyst – Here’s Why Read More »

Ethena’s (ENA) Crucial Role In Bitcoin Bull Market: Expert Identifies Critical Factors For Sustainable Growth

Bitcoin News

The recent volatility in the Bitcoin (BTC) price and its struggle to consolidate above the $70,000 mark has raised questions about the sustainability of its ongoing bull run. However, market expert Charles Edwards, co-founder of Capriole Invest, believes that the decentralized finance (DeFi) protocol Ethena Labs (ENA) could significantly extend and boost Bitcoin’s bull market…

Ethena’s (ENA) Crucial Role In Bitcoin Bull Market: Expert Identifies Critical Factors For Sustainable Growth Read More »

Paradigm Drives $225M Funding Round For Monad Labs, Blockchain Rival To Ethereum, Solana

Cryptocurrency Market News

Venture Capital (VC) firm Paradigm is leading a substantial $225 million funding round for a new Layer 1 (L1) network, that aims to compete with the Ethereum (ETH) blockchain. Other notable participants include VC firms Electric Capital and Greenoaks. According to a recent Fortune Magazine report, Monad Labs, the company behind the blockchain project, aims…

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