Yearly archives: 2024

Decentralized Science (DeSci) is poised for remarkable growth in 2025, fueled by utility memecoins, according to a recent report by MV Global.  DeSci involves integrating blockchain technology into scientific research. Its goal is to revolutionize the traditional scientific ecosystem by enhancing transparency, decentralization, and collaboration. The report highlighted that while such a concept is not …

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Bitget saw a 683% increase in Gen Z users in November, marking a shift in crypto demographics following Donald Trump’s presidential election victory. Gen Z’s share of new users on the crypto exchange jumped from 26.2% in October to 53.8% by the end of November, reflecting heightened interest among younger investors. The surge coincided with …

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Non-fungible tokens (NFTs) outperformed their fungible peers over the past seven days, with the 10 largest collections registering a 6.4% average gain in the period, according to price aggregator NFT Price Floor. Meanwhile, the fungible token sector registered an average performance of negative 8.6%, with only native tokens from centralized exchanges recording positive returns. Mixed …

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Money market Aave and liquid staking protocol Lido surpassed $70 billion in net deposits in December for the first time, according to data from TokenTerminal. As of press time, the two largest DeFi protocols hold a total $67.42 billion. Aave leads with $34.3 billion in deposits, just $1.1 billion higher than Lido’s. The net deposits …

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Hyperliquid, a Layer 1 blockchain, and decentralized exchange, faced sharp declines in token value and total value locked (TVL) over the weekend after reports surfaced of potential involvement by North Korean hackers. Security expert Taylor Monahan flagged suspicious wallet activity linked to the Democratic People’s Republic of Korea (DPRK) on Dec. 22, triggering a 20% …

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The Solaxy ($SOLX) presale has raised nearly $5 million in just a week as investors pour funds into the Solana layer 2 project. The rise of meme coins and the huge demand that the Solana token has experienced as a result has severely congested the network. Solaxy aims to solve these issues via its offline …

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U.S. spot bitcoin exchange-traded funds (ETFs) took a hit the day before Christmas Eve, while ethereum ETFs embraced some positive vibes. Holiday Havoc: Bitcoin ETFs Lose, Ethereum ETFs Soak Up Inflows There’s been a heap of market jitters floating around, amplified by the typical holiday lull. On Dec. 23, the 12 spot bitcoin ETFs experienced …

Continue reading “Bitcoin ETFs Bleed $226M While Ethereum Funds Feast on $130M Windfall”

Last week, the price of bitcoin took a tumble, and right alongside it, the network’s computing muscle flexed down from a whopping 806 exahash per second (EH/s) on Dec. 14 to a mere 771 EH/s by Dec. 21. However, over the past three days, the hashrate has bounced back, rising by 11 EH/s from its …

Continue reading “Bitcoin’s Price Rollercoaster Takes Miners for a Ride—Hashrate Begins to Recover”

The crypto market has been indecisive over the past few days, but a few altcoins are now making moves. HBAR and AAVE are rallying, posting double-digit gains that have caught everyone’s attention. This has traders wondering which coin could be next to take off. Another coin generating a lot of excitement is Flockerz – which …

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Data reveals that Bitcoin’s total circulating supply has surpassed the 19.8 million mark, a notable milestone as the cryptocurrency edges closer to its maximum supply cap of 21 million. 19.8 Million Bitcoin Mined, Less Than 1.2 Million Left Bitcoin’s supply mechanism has always been one of its defining features, with its capped issuance ensuring scarcity. …

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In 2024, the memecoin market experienced significant growth, with a variety of emerging projects capturing widespread attention. As a leading crypto exchange platform, MEXC has continued to provide users around the world with secure and easy access to digital asset trading. This year, MEXC has not only become the platform of choice for many memecoin …

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