Day: April 11, 2024

Grayscale’s ETF Sees Lowest Bitcoin Withdrawals

Grayscale Bitcoin Trust, now operating as a spot Bitcoin ETF, reported its lowest daily withdrawal level on Wednesday since its transition in January. This marked decrease to just $17.5 million worth of BTC sold, compared to the high rates of over $150 million in the preceding days, has ignited optimism among investors and observers. The […]

Chainlink Launches “Transporter” for Secure Cross-Chain Transfers

Chainlink, a leading decentralized oracle provider, has unveiled a groundbreaking application named Transporter. This tool is designed to facilitate the secure and efficient transfer of cryptocurrencies across multiple major blockchain networks, including Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Optimism, Polygon, and WEMIX. The introduction of Transporter marks a significant advancement in addressing the inherent risks […]

Stacks Ignites Bitcoin Ecosystem with “Nakamoto” Upgrade

The Bitcoin blockchain is witnessing a significant resurgence in developer interest, primarily driven by innovations such as Ordinals, Runes, and BitVM, along with a revitalized developer ecosystem. Among these developments, Stacks, a project that has been building on Bitcoin for years, stands out with its native token STX showing a remarkable 70% increase in the […]

Saga Origins: A New Era for Mature Web3 Gaming

Saga, the Layer-1 blockchain, is pioneering a bold departure from the conventional Web3 gaming narrative with its newly minted video game publishing division, Saga Origins. Under the guidance of CEO and co-founder Rebecca Liao, Saga Origins is setting its sights on creating a niche for provocative and expansive games that push the boundaries of content […]

Turmoil at Marginfi: CEO Edgar Pavlovsky Steps Down

Edgar Pavlovsky, the visionary behind the Solana decentralized lending protocol Marginfi, has stirred the crypto community with his abrupt resignation. Amidst a storm of controversy and operational discord within Marginfi, Pavlovsky’s exit marks a significant turning point for the protocol and the broader Solana ecosystem. The revelation came via a personal tweet, quickly echoed by […]

Bitcoin’s Rebound on Biden’s Rate Cut Hints

Bitcoin has shown signs of resilience and a notable rebound following U.S. President Joe Biden‘s optimistic statements regarding the potential for a rate cut within the year. This optimism comes in the wake of the latest CPI report figures for March, which indicated that inflation rates are holding steady at 3.5%, contrary to expectations for […]

Pups Coin Skyrockets Ahead of Bitcoin Halving

Bitcoin meme coin Pups has surged an astonishing 1,056% in the week leading up to the Bitcoin halving, coinciding with the launch of the Runes protocol. Starting the week at $22.50, Pups witnessed a 44% jump on Tuesday alone. With a max supply of 7.7 million, its market capitalization has now eclipsed $365 million. Pups […]

Solana’s DeFi Surge: Success Turns to Congestion

Solana has emerged as a DeFi powerhouse, riding a wave of excitement with meme coins and tokens such as Wormhole, Jupiter, and Tensor. This buzz has propelled decentralized exchange trading volume to unprecedented heights in March, marking a period of significant achievement for the blockchain. However, Solana’s rapid ascent is now encountering a critical challenge—its […]