Author: NBTC
This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this article, writer Gaz of Blocmates breaks down Megaeth, one of the hottest Layer 2s, including explaining the technical reasons why so many people are excited about yet another Layer 2. This is a thoroughly enjoyable read, especially for those wishing to keep abreast of EVM ecosystem developments. For more Blocmates content, read crypto articles and guides and crypto news. Megaeth Enters the Layer 2 Race with Unprecedented Speed and Scalability…
Following the highs of 2024’s first quarter (Q1), the crypto market faced a retrace during the second one (Q2). Despite this, Memecoins has remained the reigning champion of the market for the last three months. Total Crypto Market Cap Falls 14% In Q2 On Tuesday, CoinGecko released its 2024 Q2 Crypto Industry Report. In the report, the crypto tracking website revealed that the total market capitalization declined last quarter. The total crypto market cap dropped 14.4%, $408.8 billion, in the last three months. The crypto market closed Q2 with a market cap of $2.43 trillion, unable to make new all-time…
On the main stage of Bitcoin 2024, Rep. Wiley Nickel (D-NC) shared that he’s working to have the Democrats shift to a more pro-Bitcoin and pro-crypto stance. He told the audience at the event that he’d recently written a letter to the DNC signed by 28 Democrats, 14 of which are in Congress, advocating for a new approach to digital asset policy from the party and its presidential nominee. Rep. Nickel explained that the new approach should include “pro-digital asset language in the party’s platform, selecting a vice presidential candidate sophisticated in digital asset policy, selecting a pro-innovation SEC chair,…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. For years, web3 developers have struggled to make their systems scalable. When new technologies hit the scene, they typically launch in a monolithic fashion, where everything is included in a single stack. However, as these technologies mature, they become more specialized, and different companies hone various aspects of the stack in order to enhance scalability. You might also like: It will take people, not tech, for modularity to succeed | Opinion This is now happening with blockchains.…
After falling to $3,000, Ethereum has experienced a severe decline. Institutional investors selling off their ETH holdings appear to be the main reason behind this sharp decline. Ethereum’s price has dropped sharply as a result of the sell-off. The daily ETH/USD chart reveals a severe sell-off pattern. A number of significant support levels have been breached by the asset, including the 200 EMA, which usually serves as a solid floor during downturns. The price is continuously dropping below these important indicators, which also show a bearish trend: the 50 EMA and the 100 EMA. An important liquidation appears to be…
DeXe, a well-known permissionless launchpad facilitating Memecoins and DAOs with the use of AI, has announced a new partnership. As per the company, it is joining forces with HOT Protocol (an open validator network to develop MPC wallets) to offer decentralized governance to more than 16 million consumers. The platform took to its official social media account to provide the details of this initiative. 🔥DeXe Protocol partners with @hotdao_ to bring 16M+ users into decentralized governance!🚀HOT will settle its DAO on DeXe Protocol, with its 300k+ Villages becoming on-chain sub-DAOs. Together, we bring tools for vast on-chain adoption and decentralized…
Ankr and Asphere have recently partnered with Destra Network. The collaboration between Ankr Asphere and Destra Network aims at developing the mainnet and testnet for the rollup based on Arbitrum Orbit, expediting the journey of the protocol to the market. Ankr disclosed this development on its official X account. 🚀 Ankr & Asphere have collaborated with @DestraNetwork to build the testnet and mainnet for the @Arbitrum Orbit-based rollup, accelerating the protocol’s journey to market.The partnership will create a host of DePIN benefits for Web3 projects that will build on the network. pic.twitter.com/RVpsCfoCaW — Ankr (@ankr) August 1, 2024 Ankr, Asphere,…
A custom Minecraft game server acts as both a key meeting place and an immersive, philosophical art piece at the center of Milady Maker—one of Ethereum’s most popular and subversive NFT projects. Built around rich theories on the modern world and micro-communities full of lore, the Milady Minecraft server or “Miladycraft” was created by holders of the Remilia Corporation NFT projects (like Milady Maker and Redacted Remilio Babies) for members to enjoy. But it’s more than just a place to hunt for diamonds and build dirt huts in a blocky voxel environment. According to the server founders, Miladycraft is an…
As Bitcoin (BTC) continues to consolidate in the zone around $60,000, the status quo could potentially extend for another several months, considering that the relative strength index (RSI) of the flagship decentralized finance (DeFi) asset has hit its most oversold level in over 300 days. Specifically, Bitcoin has just hit the RSI of 30, which last time happened in September 2023, preceding a period of over three months of consolidation just below the key resistance at $30,000, according to the observations shared by pseudonymous cryptocurrency analyst Jelle in an X post on June 27. Taking this previous chart pattern into…
Since the 25th of July, Jump Trading (a quantitative trading platform), has reportedly deposited significant $ETH and other related tokens to centralized exchanges. Spot On Chain, a popular on-chain analytics platform, disclosed that the company has deposited up to $231M worth of $ETH tokens to CEXs in the past ten days. The analytics provider provided the details of this event on its official social media account. Jump Trading deposited $231M worth of $ETH to CEXs in the past 10 days!Since Jul 25, Jump Trading has:• redeemed 83,091 $wstETH ($341M) into 97,600 $stETH• unstaked 86,059 $stETH ($274M) from Lido Finance• then…