Animoca’s Bold Web3 and NFT Market Outlook
Despite a notable slowdown in the NFT market, with monthly sales volumes dropping to $1.4 billion from a peak of $6 billion in January 2022, industry leaders remain optimistic. Yat Siu, the chairman of Animoca Brands—one of the most significant investors in Web3 startups—expressed unwavering confidence in the future growth of NFTs and the metaverse […]
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 […]
Bitcoin’s New Horizon: Runes and the Halving
The Bitcoin ecosystem is on the cusp of a significant evolution with the impending arrival of Runes, a novel protocol from Casey Rodarmor, the visionary behind Ordinals. This innovation is poised to redefine the landscape of Bitcoin by enabling the creation of NFT-like inscriptions and, now, fungible tokens that could shift the dynamics of digital […]
Consumer Confidence in Crypto Rises in Q1 2024
In a revealing survey conducted by Deutsche Bank, the first quarter of 2024 has shown a notable shift in consumer sentiment towards cryptocurrencies. With the approval of spot Bitcoin Exchange-Traded Funds (ETFs) and a general uptrend in the cryptocurrency market, the landscape appears increasingly optimistic. Remarkably, 40% of respondents now anticipate Bitcoin‘s prosperity in the […]
Stepn’s $30M Airdrop Ignites Community Buzz
Stepn, the innovative move-to-earn game, has announced a colossal $30 million airdrop campaign. Spearheaded by developer FSL, this initiative aims to distribute a staggering 100 million airdrop points to its players. The weeklong event, which kicked off last week and wrapped up Wednesday, has already generated considerable excitement among the Stepn community. This airdrop allows […]
Bitcoin Nears Peak Amid Market Surge
Bitcoin made headlines by approaching its all-time high, touching a notable $72,000 on Monday morning. This significant movement follows a somewhat tumultuous start to April, with Bitcoin’s price initially dipping below its 2021 pinnacle of $69,044. Over the weekend, Bitcoin showcased modest yet steady gains of nearly 2%, a figure sourced from CoinGecko’s meticulous tracking. […]
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