Ethereum Gas Fees Hit Five-Year Low Amid L2 Surge and Dencun Upgrade
The cost of sending an Ethereum (ETH) transaction has significantly decreased, reflecting reduced traffic on the network. The median price for an Ethereum transaction has dropped to just 1.9 gwei, with low-priority transactions falling to around one gwei or even lower. This decline marks a five-year low, coinciding with a...
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The cost of sending an Ethereum (ETH) transaction has significantly decreased, reflecting reduced traffic on the network. The median price for an Ethereum transaction has dropped to just 1.9 gwei, with low-priority transactions falling to around one gwei or even lower. This decline marks a five-year low, coinciding with a...
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XRP Options Surge Amid Speculation of Potential U.S. ETF Approval
The XRP options market on Deribit has seen a significant increase in activity, particularly with call options betting on a potential price surge for the cryptocurrency. This heightened interest has sparked speculation about the possible launch of a U.S.-based XRP exchange-traded fund (ETF). As of August 12, 2024, the $1.10...
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The XRP options market on Deribit has seen a significant increase in activity, particularly with call options betting on a potential price surge for the cryptocurrency. This heightened interest has sparked speculation about the possible launch of a U.S.-based XRP exchange-traded fund (ETF). As of August 12, 2024, the $1.10...
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US Bitcoin ETFs Poised to Surpass Satoshi as Top BTC Holders by 2025
BlackRock's IBIT Bitcoin ETF has emerged as the third-largest Bitcoin holder worldwide, following the mysterious creator of Bitcoin, Satoshi Nakamoto, and Binance Exchange. This significant development is part of a larger trend where institutional interest in Bitcoin continues to grow. Currently, the combined holdings of US ETFs exceed 900,000 BTC,...
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BlackRock's IBIT Bitcoin ETF has emerged as the third-largest Bitcoin holder worldwide, following the mysterious creator of Bitcoin, Satoshi Nakamoto, and Binance Exchange. This significant development is part of a larger trend where institutional interest in Bitcoin continues to grow. Currently, the combined holdings of US ETFs exceed 900,000 BTC,...
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X Platform Hit by DDOS Attack Amid Trump Event
On August 12, Elon Musk, the owner of the X platform, reported a significant distributed denial-of-service (DDOS) attack aimed at disrupting the micro-blogging service. "Working on shutting it down," Musk stated, as he and his team worked to mitigate the impact of the attack. DDOS attacks are designed to overwhelm...
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On August 12, Elon Musk, the owner of the X platform, reported a significant distributed denial-of-service (DDOS) attack aimed at disrupting the micro-blogging service. "Working on shutting it down," Musk stated, as he and his team worked to mitigate the impact of the attack. DDOS attacks are designed to overwhelm...
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Cardano Founder Warns of Crypto Challenges Ahead of 2024 Election
Cardano (ADA) founder Charles Hoskinson has issued a warning to the crypto industry as the 2024 U.S. presidential election nears its final stretch. In a recent statement on the social media platform X, Hoskinson criticized the Biden-Harris administration, asserting that it continues to "wage war on the crypto industry." Hoskinson...
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Cardano (ADA) founder Charles Hoskinson has issued a warning to the crypto industry as the 2024 U.S. presidential election nears its final stretch. In a recent statement on the social media platform X, Hoskinson criticized the Biden-Harris administration, asserting that it continues to "wage war on the crypto industry." Hoskinson...
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Ethereum Faces Sell-Off as Major Whale Moves 48,500 ETH to Exchanges
Ethereum's price is experiencing turbulence in the third quarter as new data reveals significant selling activity from major ETH holders. A prominent Ethereum Initial Coin Offering (ICO) whale, who acquired 1 million ETH at $0.31 each, has been actively moving substantial amounts to exchanges over the past month. According to...
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Ethereum's price is experiencing turbulence in the third quarter as new data reveals significant selling activity from major ETH holders. A prominent Ethereum Initial Coin Offering (ICO) whale, who acquired 1 million ETH at $0.31 each, has been actively moving substantial amounts to exchanges over the past month. According to...
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Bitcoin's Remarkable 96.2% Profitability Over 5,109 Days
Bitcoin has demonstrated an impressive performance over its lifetime, achieving a remarkable 96.2% profitability rate. Over the past 5,109 days, the leading cryptocurrency has been profitable for 4,915 days. This statistic suggests that anyone who has held Bitcoin for the majority of its existence has likely experienced significant gains. The...
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Bitcoin has demonstrated an impressive performance over its lifetime, achieving a remarkable 96.2% profitability rate. Over the past 5,109 days, the leading cryptocurrency has been profitable for 4,915 days. This statistic suggests that anyone who has held Bitcoin for the majority of its existence has likely experienced significant gains. The...
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Pump.fun Sells 222K Solana, Generating $89M Amid Market Volatility
Pump.fun, a Solana-based meme coin creation platform, has been on a selling spree, reportedly offloading more than 222,000 Solana (SOL) over the past three months. This massive sell-off has added to the selling pressure on Solana, which has already seen its price drop by over 11% during the same period...
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Pump.fun, a Solana-based meme coin creation platform, has been on a selling spree, reportedly offloading more than 222,000 Solana (SOL) over the past three months. This massive sell-off has added to the selling pressure on Solana, which has already seen its price drop by over 11% during the same period...
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Analyzing Litecoin with Bollinger Bands: Squeeze and Head Fake Explained
John Bollinger, renowned trader and creator of the Bollinger Bands indicator, has recently turned his attention to the crypto market, focusing on Litecoin (LTC). Bollinger shared a price chart of LTC to address common questions about Bollinger Band squeezes and head fakes, illustrating these phenomena using a real-world example. The...
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John Bollinger, renowned trader and creator of the Bollinger Bands indicator, has recently turned his attention to the crypto market, focusing on Litecoin (LTC). Bollinger shared a price chart of LTC to address common questions about Bollinger Band squeezes and head fakes, illustrating these phenomena using a real-world example. The...
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Tether Mints $1 Billion in USDT: Preparing for Market Shifts
Tether's recent activity in the cryptocurrency market is making waves as the Tether Treasury minted an impressive $1 billion worth of USDT on the Ethereum network. This strategic move, announced by Tether CTO Paolo Ardoino, is an "inventory replenish," meaning the tokens are authorized but not yet issued. They are...
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Tether's recent activity in the cryptocurrency market is making waves as the Tether Treasury minted an impressive $1 billion worth of USDT on the Ethereum network. This strategic move, announced by Tether CTO Paolo Ardoino, is an "inventory replenish," meaning the tokens are authorized but not yet issued. They are...
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Arthur Hayes Acquires 11.4 Million ATH Tokens in Major Purchase
Arthur Hayes, co-founder of BitMEX, recently made a notable purchase of 11.4 million ATH tokens on the OKX exchange, amounting to approximately $779,000. This acquisition highlights Hayes’ continued interest and confidence in the ATH project, which is gaining traction in the cryptocurrency sector. Strategic Market Move The timing and scale...
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Arthur Hayes, co-founder of BitMEX, recently made a notable purchase of 11.4 million ATH tokens on the OKX exchange, amounting to approximately $779,000. This acquisition highlights Hayes’ continued interest and confidence in the ATH project, which is gaining traction in the cryptocurrency sector. Strategic Market Move The timing and scale...
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Circle to Launch USDC 'Tap-and-Go' Payments on iPhones
Circle, the fintech company behind the popular stablecoin USDC, is set to launch a revolutionary payment feature on iPhones, enabling 'tap-and-go' transactions. This announcement was made by Circle's CEO, Jeremy Allaire, who revealed that this initiative will harness Apple's recently granted access to its NFC chip and Secure Element technology...
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Circle, the fintech company behind the popular stablecoin USDC, is set to launch a revolutionary payment feature on iPhones, enabling 'tap-and-go' transactions. This announcement was made by Circle's CEO, Jeremy Allaire, who revealed that this initiative will harness Apple's recently granted access to its NFC chip and Secure Element technology...
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ELFi Protocol, a DEX Derivatives Platform, Officially Launched with a $100,000 Airdrop Event
Singapore, Singapore, August 14th, 2024, Chainwire The decentralized derivatives trading platform, ELFi Protocol, officially launched today on the Arbitrum network. ELFi is a decentralized derivatives trading platform dedicated to creating a unique and forward-looking trading experience that rivals centralized exchanges (CEX). ELFi is the first to implement a Portfolio Margin...
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Singapore, Singapore, August 14th, 2024, Chainwire The decentralized derivatives trading platform, ELFi Protocol, officially launched today on the Arbitrum network. ELFi is a decentralized derivatives trading platform dedicated to creating a unique and forward-looking trading experience that rivals centralized exchanges (CEX). ELFi is the first to implement a Portfolio Margin...
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Bitcoin Miners Reduce Exchange Transfers Significantly in 2024
In 2024, Bitcoin miners have notably decreased their activity on exchanges, marking a significant shift in behavior. Historically, high levels of miner transfers to exchanges have often preceded sharp price corrections. However, recent data from Crypto Slate indicates a steep decline in these transactions, suggesting that miners are adopting a...
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In 2024, Bitcoin miners have notably decreased their activity on exchanges, marking a significant shift in behavior. Historically, high levels of miner transfers to exchanges have often preceded sharp price corrections. However, recent data from Crypto Slate indicates a steep decline in these transactions, suggesting that miners are adopting a...
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Dogecoin Addresses Reach 6.56 Million Amid Mixed Market Signals
Dogecoin continues to capture attention in the cryptocurrency world, with the latest data revealing a significant increase in adoption. According to a report by Crypto Daily Trade Signals, the number of Dogecoin addresses holding a balance has surged by 20.1% over the past eight months, reaching 6.56 million. This rise...
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Dogecoin continues to capture attention in the cryptocurrency world, with the latest data revealing a significant increase in adoption. According to a report by Crypto Daily Trade Signals, the number of Dogecoin addresses holding a balance has surged by 20.1% over the past eight months, reaching 6.56 million. This rise...
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Shiba Inu Unveils ShibTorch Burn Portal on Shibarium
Shiba Inu has officially launched its long-awaited burn portal, ShibTorch, on the Shibarium mainnet. This development marks a significant milestone for the memecoin project, which has been focused on addressing the challenge of its excessive token supply. ShibTorch is designed to permanently remove SHIB tokens from circulation, transitioning the burn...
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Shiba Inu has officially launched its long-awaited burn portal, ShibTorch, on the Shibarium mainnet. This development marks a significant milestone for the memecoin project, which has been focused on addressing the challenge of its excessive token supply. ShibTorch is designed to permanently remove SHIB tokens from circulation, transitioning the burn...
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XRP Faces Criticism After SEC Settlement as Price Remains Stagnant
Ripple’s recent court settlement with the SEC, which included a $125 million penalty for the improper sale of XRP tokens, has left many in the cryptocurrency community disappointed. Despite resolving the lawsuit with a fine significantly smaller than the SEC's original $2 billion demand, XRP’s price has failed to experience...
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Ripple’s recent court settlement with the SEC, which included a $125 million penalty for the improper sale of XRP tokens, has left many in the cryptocurrency community disappointed. Despite resolving the lawsuit with a fine significantly smaller than the SEC's original $2 billion demand, XRP’s price has failed to experience...
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ShibaCon 2024: A Must-Attend Event for Crypto Enthusiasts and Investors
The Shiba Inu ecosystem is set to host its first-ever ShibaCon event in Bangkok on November 9, 2024. This inaugural gathering is designed to unite enthusiasts, investors, and companies from both the Web2 and Web3 worlds, offering a platform to celebrate the project's achievements and discuss future endeavors. Why ShibaCon...
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The Shiba Inu ecosystem is set to host its first-ever ShibaCon event in Bangkok on November 9, 2024. This inaugural gathering is designed to unite enthusiasts, investors, and companies from both the Web2 and Web3 worlds, offering a platform to celebrate the project's achievements and discuss future endeavors. Why ShibaCon...
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Solana ETF Unlikely Amid SEC's Security Concerns: Delays Expected
The approval process for a Solana (SOL) ETF has encountered significant hurdles, largely due to the U.S. Securities and Exchange Commission (SEC) classifying SOL as a security. This label, imposed in June 2023, has created regulatory roadblocks for companies like VanEck and 21Shares, which have seen their 19b-4 forms removed...
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The approval process for a Solana (SOL) ETF has encountered significant hurdles, largely due to the U.S. Securities and Exchange Commission (SEC) classifying SOL as a security. This label, imposed in June 2023, has created regulatory roadblocks for companies like VanEck and 21Shares, which have seen their 19b-4 forms removed...
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Palau Successfully Advances Ripple-Powered National Payment System
The Republic of Palau’s Ministry of Finance has successfully concluded Phase 2a of its National Government Payment Service Project, focusing on integrating a stablecoin system powered by Ripple's blockchain technology. This initiative, known as the Palau Stablecoin Program, aims to develop a national payment ecosystem that is both efficient and...
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The Republic of Palau’s Ministry of Finance has successfully concluded Phase 2a of its National Government Payment Service Project, focusing on integrating a stablecoin system powered by Ripple's blockchain technology. This initiative, known as the Palau Stablecoin Program, aims to develop a national payment ecosystem that is both efficient and...
Reach us on: https://www.cryptoknowmics.com/news/?p=255576