Monthly archives: August 2024

Avalanche’s AVAX token surged nearly 7% to around $25 following the announcement that major institutional firms — Grayscale and Franklin Templeton — were expanding their products to the blockchain network’s ecosystem. The price increase helped reverse the recent downtrend for AVAX, which has fallen 20% over the past month amid broader market stagnation. Despite the recovery, …

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Tron founder Justin Sun believes the blockchain’s revenue could soar to $4 billion within the next year if its current meme strategy proves successful. In an Aug. 21 post on X, Sun projected that TRON’s total revenue might hit $3 billion over the next 12 months, with $1 billion burned and $2 billion distributed as …

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Quick Take Antpool has recently mined two consecutive Bitcoin blocks, securing nearly $2 million in total revenue from both block subsidies and transaction fees, according to mempool.space. Block 857910, mined by Antpool, contained 9.5 BTC in fees, equivalent to approximately $583,000. Block 857910: (Source: Mempool) Following that, Block 857911 featured 15.55 BTC in fees, amounting …

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Bitcoin’s purchasing power, as measured by the Big Mac Index, has significantly increased over the past decade. In 2024, one Bitcoin can buy approximately 10,500 Big Macs, a substantial 20,488% rise from just 51 Big Macs in 2015. This growth highlights Bitcoin’s dramatic appreciation in value relative to a consumer staple like the Big Mac. …

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21co analyst sees tokenized US treasuries hitting $3 billion by year-end RWA 1 month ago According to Wan, the trend is driven by a DeFi projects’ need for diversification and stability, especially as high interest rates make these assets attractive. Go to Source

Quick Take Juan Leon, Senior Investment Strategist at Bitwise Invest, highlights the growing influence of stablecoins in the US Treasury bill market. Currently, stablecoins hold approximately 1% of US Treasury bills, but Leon projects this could surge to 15%, potentially making them one of the top three holders of these securities. Leon shared a Bloomberg …

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Vice President Kamala Harris‘ team has been reaching out to key players in the crypto industry as part of an effort to mend the strained relationship with the rapidly growing sector, according to Coinbase’s Chief Policy Officer, Faryar Shirzad. In an Aug. 21 post on social media platform X, Shirzad revealed that he has participated …

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The crypto industry made waves in the 2024 federal elections by investing a staggering $119 million, positioning itself as the top corporate donor of the election cycle, according to a detailed report by citizen.org. This hefty financial contribution underscores the expanding sway of the cryptocurrency sector in influencing U.S. politics today. Crypto Industry Dominates 2024 …

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On Aug. 22, 2024, Polymarket odds showed former President Donald Trump leading in the prediction market that pits him against Kamala Harris for the 2024 presidential election. As of 8:19 a.m. EDT on Thursday, Trump held a 53% chance of victory, edging out Harris, who currently sits at 46%. Polymarket and Several Other Betting Platforms …

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Pepe (PEPE) has jumped 5% in the past 24 hours, catching the attention of meme coin traders. One top analyst has even suggested that this could be the start of an uptrend for the coin. Meanwhile, new project Pepe Unchained (PEPU) has passed $10 million in its ongoing presale – with investors worldwide piling in …

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Tether, the major stablecoin issuer, has announced plans to launch a new stablecoin pegged to the United Arab Emirates Dirham (AED). This initiative, in collaboration with the UAE-based Phoenix Group, aims to provide a secure and efficient means of transacting in AED, catering to both businesses and individuals. The new stablecoin will be fully backed …

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On Aug. 22, Bitcoin’s onchain transaction fees took off, soaring to more than 1,250 satoshis per virtual byte (sat/vB), which translated to over $105 per transfer at 8:45 a.m. EDT. However, by 9:40 a.m. EDT on Thursday, fees had dropped to 625 sat/vB or $53.26 per transaction. Bitcoin Miners Rejoice as Fees Hit $105 The …

Continue reading “Babylon Staking Sparks Bitcoin Fee Surge: Transfers Hit $105 Before Plummeting”

The Monero team has announced the initiation of a new privacy feature integration, known as Full-Chain Membership Proofs (FCMP++). This feature aims to significantly enhance transaction security and privacy on the Monero network by proving that the output spent is one of any output on the chain. This effectively removes various risks and increases the …

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On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) marked their fifth straight day of inflows, adding $39.42 million to their gains. Meanwhile, the spot ether ETFs experienced a dip, losing $17.97 million during the day’s trading. Spot Bitcoin ETFs See Fifth Day of Inflows, Ether ETFs Hit by $17M Outflows Collectively, the 12 spot bitcoin …

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