Author: NBTC
Fireblocks, a well-known blockchain security platform has commenced support for EigenLayer’s EIGEN token. As per the company, it is now providing restaking services on EigenLayer, an Ethereum-based decentralized restaking protocol, as a part of its latest integration. On its X account, the company revealed this development to the community. Fireblocks now supports $EIGEN and offers restaking on @eigenlayer. Maximize your ETH assets securely and efficiently. Dive into our blog for all the details → https://t.co/ygzqmVugGt pic.twitter.com/8UwkvKKoYz — Fireblocks (@FireblocksHQ) May 8, 2024 Fireblocks Begins Restaking Services on EigenLayer by Supporting EIGEN In a devoted blog post on its official web…
Founder of Blockstream Adam Back has addressed his followers on the X/Twitter social network, urging them to keep stacking Sats, and do it “harder,” while Bitcoin is trading at the current price level. Back cited the popular Duke Nukem character in his tweet today, adding stacking Sats: “It’s time to stack sats and chew bubblegum, and I’m all out of gum.” “It’s time to stack sats and chew bubblegum, and I’m all out of gum.” -Duke Nukem, Duke Nukem Forever pic.twitter.com/NePpJa6MES — Adam Back (@adam3us) April 24, 2024 In an earlier tweet today, Back also addressed the Bitcoin community, urging…
The leading cryptocurrency Bitcoin failed to hold on to its ATH of over $73,000 and fell below $61,000 last week, with the impact of outflows in ETFs. While BTC continues its volatile movements after this decline, horizontal movements continue in altcoins. At this point, some investors see these declines as a buying opportunity and make purchases. According to Lookonchain’s post, whales, taking advantage of the decline, accelerated their purchases of ONDO, the RWA token. Accordingly, 3 wallets purchased ONDO worth approximately $8 million from Bybit and Gateio exchanges. “Whales are accumulating RWA token ONDO! Whale “0x56F9” pulled in 6.53 million…
Bitcoin analyst Willy Woo recently initiated a discourse within the cryptocurrency community concerning the feasibility of Bitcoin surpassing gold’s market capitalization of $17.7 trillion. In a series of insightful remarks, the expert delved into the nuanced dynamics of stock-to-flow (S2F) ratio, inflationary trajectory of BTC and the evolving landscape of institutional adoption. Central to Woo’s thesis is the S2F model, a metric that gauges an asset’s scarcity by comparing its existing supply to its annual production. With Bitcoin’s inflation rate now lower than that of gold, the expert posits that the cryptocurrency stands poised to challenge the dominance of the…
The Arbitrum Decentralized Autonomous Organization (DAO) is contemplating a $3.3 million memecoin fund to foster a memecoin-friendly ecosystem within the Ethereum layer-2 blockchain network, according to a March 24 proposal on the platform’s discourse forum. According to the proposal: “The motivation of the memecoin fund is to help the Arbitrum ecosystem as a whole. Draw attention, new users, more chain usage, more DeFi activity, and more.” The author wrote the proposal in response to learning about new DeFi incentives, which they believe are throwing “more money at protocols so they can be farmed by whales/teams.” They further argued the DAO…
In the limelight, GaFin is thrilled to announce its partnership with Monkey Empire. It is a groundbreaking MMO Strategy video game operating on Arbitrum. This collaboration demonstrates a dedication to innovation, creativity, and teamwork. Additionally, it has a goal of delivering exceptional gaming experiences to players worldwide. By joining hands, they aim to open new possibilities through game integration and engaging community activities. GaFin 🤝 @monkeyempiree 🚀 We’re pleased to announce our partnership with @monkeyempiree – an MMO Strategy video game built on @arbitrum, empowering users to strengthen their monkeys to build an Empire ✨💥 Our partnership is a commitment…
Bitcoin’s fourth halving event has drawn significant attention to its comparison with gold regarding scarcity, as highlighted by Glassnode analysts. According to Glassnode, this event marked a historic moment where Bitcoin’s (BTC) issuance rate fell below that of gold for the first time, emphasizing a pivotal shift in the narrative surrounding the two assets. As reported, the halving event on Saturday reduced block subsidies, with the issuance dropping from 6.25 BTC to 3.125 BTC per block. This translates to an issuance of approximately 450 bitcoin per day, further underlining the event’s impact on Bitcoin’s supply dynamics. Yassine Elmandjra from ARK…
MixMob, a Solana-based gaming universe being built around “remix culture,” announced that its debut game MixMob: Racer 1 will launch on the iOS App Store and Android Play Store on May 14 following a previous web-based debut. The card-based strategic racing game challenges players to compete for crypto rewards in a dystopian world, where they must resist a malevolent AI that has destroyed human culture. MixMob has described the game as “Mario Kart meets Hearthstone,” with a mix of racing strategy and card selection in the moment-to-moment action. The free-to-play game utilizes MixMob’s MXM token on Solana, letting holders participate…
Il Capo of Crypto, one of the most well-known analysts in the cryptocurrency world, made a statement after the recent sudden decline in Bitcoin and the general cryptocurrency market. While the Bitcoin price was above $66,000 until a few hours ago, it made a sudden decline and is trading at $64,600 at the time of writing this article, with a decrease of approximately 3% in the last 24 hours. In his statement this morning, il Capo said that the bear trend seen in the last decline was expected to continue. In his previous statement following the decline, the analyst claimed…
Data shared by the shibariumscan.org explorer shows that more than a week already, one of the key Shibarium metrics have been showing a low performance. As if to accompany this news, the Shiba Inu burn rate has also been down for several consecutive days. Daily transfer count remains low The aforementioned data source shows that over the past eight days, the daily transaction count made on the Shibarium blockchain has been moving sideways within more-or-less similar range below the 100,000 level. On March 24th, Sunday, this metric showed a 729% surging, jumping from 8,060 to the 66,880 level. This is…