Blockchain activity surged by 70% in Q3 2024, driven largely by a 71% increase in AI-related decentralized applications, reaching a record 17.2 million daily unique active wallets
Key contributors include platforms like Data Intelligence Network (DIN) and Alaya AI. Meanwhile, DeFi experienced a decline, with Ethereum's total value locked (TVL) dropping by 20%.
In contrast, Layer-1 blockchains Sui and Aptos saw strong performance. NFT trading volume also plummeted by 60% during the same period.
Key contributors include platforms like Data Intelligence Network (DIN) and Alaya AI. Meanwhile, DeFi experienced a decline, with Ethereum's total value locked (TVL) dropping by 20%.
In contrast, Layer-1 blockchains Sui and Aptos saw strong performance. NFT trading volume also plummeted by 60% during the same period.
Uniswap Reveals Plans to Launch Ethereum Layer-2 Network Unichain
Leading Ethereum decentralized exchange Uniswap announced plans Thursday to launch its own layer-2 network called Unichain, which will be built on Optimism tech.
Uniswap Labs framed the move as one to cut costs, improve transaction speeds, and boost liquidity across various chains. Created by the primary developer of Uniswap, the largest decentralized exchange (DEX) on Ethereum, the new layer-2 solution will aim to create a network of interoperable networks through its use of the Optimism Superchain.
Leading Ethereum decentralized exchange Uniswap announced plans Thursday to launch its own layer-2 network called Unichain, which will be built on Optimism tech.
Uniswap Labs framed the move as one to cut costs, improve transaction speeds, and boost liquidity across various chains. Created by the primary developer of Uniswap, the largest decentralized exchange (DEX) on Ethereum, the new layer-2 solution will aim to create a network of interoperable networks through its use of the Optimism Superchain.
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🚀 @waterfall_network: Major Milestones Update 🚀
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It’s been 3 months since $WATER coin got listed on Gate.io, and we’re excited to announce that 7,924 validators have already joined the network! 🎉
Check the latest rewards here: https://waterfall.network/individuals#statistics_block
Explore the best staking methods here: https://waterfall.network/use-waterfall/stake-water.
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🚀Additionally, Waterfall Network set a new transaction-per-second record on the mainnet, reaching 12,778 TPS on September 27, 2024! This achievement surpasses our previous testnet record of 11,667 TPS, showcasing our commitment to pushing the boundaries of performance.
💼Thanks to our integration with Wanchain, you can now transfer $WATER across multiple networks with ease. Transfers are available on Arbitrum, Polygon, and Binance Smart Chain.
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🎉Find $WATER on MEXC: https://www.mexc.com/exchange/WATER_USDT
Follow @waterfall_network on social media:
Discord: https://discord.gg/Nwb8aR2XvR
Twitter: https://twitter.com/waterfall_dag
Telegram: https://t.me/waterfall_network
Website: https://waterfall.network
US spot bitcoin ETFs reach highest recorded total asset value after six-day inflow streak
The twelve US-based spot bitcoin exchange-traded funds have set a new record, logging the highest total net asset value since the launch of the funds in January.
Summed together, the funds now hold over $66.1 billion worth of bitcoin, according to SoSoValue data, surpassing the prior record of $62.6 billion from early June. The value held in the ETFs represents 4.89% of bitcoin's total market cap.
The twelve US-based spot bitcoin exchange-traded funds have set a new record, logging the highest total net asset value since the launch of the funds in January.
Summed together, the funds now hold over $66.1 billion worth of bitcoin, according to SoSoValue data, surpassing the prior record of $62.6 billion from early June. The value held in the ETFs represents 4.89% of bitcoin's total market cap.
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Ramaswamy's Strive launches wealth management arm to bring Bitcoin to standard portfolios
Strive Enterprises, an asset manager co-founded by Trump surrogate and onetime Republican candidate for President Vivek Ramaswamy and businessman Anson Frericks, launched its new wealth management business on Friday.
The wealth management arm's focus is "...integrating Bitcoin into standard portfolios of everyday Americans as a hedge against...unsustainable global debt levels, rising fixed income yields, long-run inflationary pressures, persistent geopolitical pressures, and potential restrictive monetary controls," a press release states.
Strive Enterprises, an asset manager co-founded by Trump surrogate and onetime Republican candidate for President Vivek Ramaswamy and businessman Anson Frericks, launched its new wealth management business on Friday.
The wealth management arm's focus is "...integrating Bitcoin into standard portfolios of everyday Americans as a hedge against...unsustainable global debt levels, rising fixed income yields, long-run inflationary pressures, persistent geopolitical pressures, and potential restrictive monetary controls," a press release states.
Ethereum Foundation launches Mekong Testnet ahead of Pectra upgrade
The Ethereum Foundation has introduced the Mekong Testnet, a short-term testing environment designed to allow developers to explore new features from the upcoming Pectra upgrade before its mainnet release. In a blog post on Nov. 7, the Foundation said the Mekong Testnet incorporates all Ethereum Improvement Proposals (EIPs) intended for Pectra.
These proposals focus on enhancing various aspects of the Ethereum network, including user experience (UX), staking processes, and deposit and withdrawal mechanisms.
The Ethereum Foundation has introduced the Mekong Testnet, a short-term testing environment designed to allow developers to explore new features from the upcoming Pectra upgrade before its mainnet release. In a blog post on Nov. 7, the Foundation said the Mekong Testnet incorporates all Ethereum Improvement Proposals (EIPs) intended for Pectra.
These proposals focus on enhancing various aspects of the Ethereum network, including user experience (UX), staking processes, and deposit and withdrawal mechanisms.
Bitwise acquires Ethereum staking service Attestant, boosting AUM to $10 billion
Bitwise Asset Management has acquired Attestant Limited, an institutional-grade Ethereum (ETH) staking provider, in a deal that boosts the firm’s total assets under management (AUM) to over $10 billion, according to a Nov. 13 press release.
The acquisition allows Bitwise to add Ethereum staking to its lineup of exchange-traded products, private funds, and hedge fund solutions.
Bitwise Asset Management has acquired Attestant Limited, an institutional-grade Ethereum (ETH) staking provider, in a deal that boosts the firm’s total assets under management (AUM) to over $10 billion, according to a Nov. 13 press release.
The acquisition allows Bitwise to add Ethereum staking to its lineup of exchange-traded products, private funds, and hedge fund solutions.
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Ethereum DeFi TVL hits 2-year high as activity on platforms like Uniswap, Aave soars
Ethereum’s DeFi sector is experiencing a revival, fueled by renewed market enthusiasm following Donald Trump’s election victory. These numbers come as key players like Aave and Uniswap have also achieved significant milestones during this bullish wave.
Their rising activity highlights the increasing appeal of DeFi solutions as investors and users flock to platforms that offer innovative financial tools and opportunities.
Ethereum’s DeFi sector is experiencing a revival, fueled by renewed market enthusiasm following Donald Trump’s election victory. These numbers come as key players like Aave and Uniswap have also achieved significant milestones during this bullish wave.
Their rising activity highlights the increasing appeal of DeFi solutions as investors and users flock to platforms that offer innovative financial tools and opportunities.
The non-fungible token (NFT) collection Pudgy Penguins announced it is set to launch a new token, PENGU, on the Solana blockchain by the end of the year. By introducing PENGU, Pudgy Penguins is looking to add value to its user fanbase. In an announcement posted on social media platform X, Pudgy Penguins said will allocate a total of 88 billion PENGU tokens to NFT holders.
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Bloomberg analysts expects ‘wave of crypto ETFs’ next year but some hurdles remain
A “new wave” of crypto exchange-traded funds (ETFs) is expected in 2025 as the regulatory landscape improves under the incoming Trump administration, according to Bloomberg Intelligence analysts. Bitcoin-Ethereum (ETH) combination products will likely lead the charge, followed by Litecoin (LTC) and Hedera Hashgraph (HBAR).
However, legal and regulatory hurdles are expected to delay ETFs tied to Solana (SOL) and XRP, leaving their future uncertain.
A “new wave” of crypto exchange-traded funds (ETFs) is expected in 2025 as the regulatory landscape improves under the incoming Trump administration, according to Bloomberg Intelligence analysts. Bitcoin-Ethereum (ETH) combination products will likely lead the charge, followed by Litecoin (LTC) and Hedera Hashgraph (HBAR).
However, legal and regulatory hurdles are expected to delay ETFs tied to Solana (SOL) and XRP, leaving their future uncertain.
Bitcoin social sentiment drops to yearly low, signaling BTC breakout
Social sentiment around Bitcoin has hit its lowest point in 2024, which could signal an incoming recovery above the $100,000 mark for the world’s largest cryptocurrency.
Bitcoin's price is currently down over 10% from its all-time high of above $108,300 recorded on Dec. 17, trading above $97,150 as of 12:38 pm UTC, Cointelegraph data shows.
Social sentiment around Bitcoin has hit its lowest point in 2024, which could signal an incoming recovery above the $100,000 mark for the world’s largest cryptocurrency.
Bitcoin's price is currently down over 10% from its all-time high of above $108,300 recorded on Dec. 17, trading above $97,150 as of 12:38 pm UTC, Cointelegraph data shows.
📉The cumulative market capitalization of AI cryptocurrencies has declined by over 28%, falling from a peak of $70.4 billion on December 7 to approximately $50.5 billion
This downturn aligns with a broader cryptocurrency market correction, including a 14% decrease in Bitcoin's price from its all-time high of over $108,000 on December 17.
This downturn aligns with a broader cryptocurrency market correction, including a 14% decrease in Bitcoin's price from its all-time high of over $108,000 on December 17.
MicroStrategy founder Michael Saylor advocates for Trump-backed 'strategic bitcoin reserve' in proposal to set crypto industry standards
MicroStrategy founder Michael Saylor has backed President-elect Donald Trump’s strategic bitcoin reserve in a digital asset policy proposal published on Friday.
The so-called “Digital Assets Framework” also lays out a plan for the U.S. to support industry growth, set standards for compliance and communication, as well as set rights for crypto asset holders and companies.
MicroStrategy founder Michael Saylor has backed President-elect Donald Trump’s strategic bitcoin reserve in a digital asset policy proposal published on Friday.
The so-called “Digital Assets Framework” also lays out a plan for the U.S. to support industry growth, set standards for compliance and communication, as well as set rights for crypto asset holders and companies.
Franklin Templeton believes Bitcoin (BTC) will solidify its position as a global financial asset in 2025, driven by increasing adoption among sovereign nations and institutional investors.
The firm’s Digital Assets: 2025 Crypto Outlook report projects that several countries will integrate Bitcoin into their strategic reserves, reinforcing its role as a digital store of value amid ongoing global economic uncertainty.
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Shiba Inu Launches ‘SHIB: The Metaverse’ in Early Access
Shiba Inu has expanded its ecosystem with the launch of ‘SHIB: The Metaverse,’ now available in early access. This virtual environment invites users to explore, build, and connect within a blockchain-driven digital space.
Powered by Shibarium, Shiba Inu’s custom blockchain, the platform offers over 100,000 land plots, with a portion unlocked for early use.
Shiba Inu has expanded its ecosystem with the launch of ‘SHIB: The Metaverse,’ now available in early access. This virtual environment invites users to explore, build, and connect within a blockchain-driven digital space.
Powered by Shibarium, Shiba Inu’s custom blockchain, the platform offers over 100,000 land plots, with a portion unlocked for early use.
Bitcoin Registers 14 Green Hourly Candles, Longest Streak Since 2017
Bitcoin's price has been steadily increasing with fourteen consecutive hourly gains, reaching from $91,771 to $95,283.
This unusual trend has left traders puzzled, as it is the longest streak of green candles since at least January 1, 2017.
Bitcoin's price has been steadily increasing with fourteen consecutive hourly gains, reaching from $91,771 to $95,283.
This unusual trend has left traders puzzled, as it is the longest streak of green candles since at least January 1, 2017.