Author: NBTC
There is a stark difference between the staking concentration of Ethereum and Polygon. A new report suggests that Ethereum’s staking activity remains considerably more concentrated than Polygon’s in what it considers “potentially unhealthy” for the ecosystem. Ethereum Staking Dominated by Few According to Flipside’s “YoY PoS Staking Report” shared with CryptoPotato, from September 2023 to 2024, Ethereum’s top 10 stakers consistently controlled nearly half – around 47-48% – of the total staked ETH, reflecting a stable but concerning level of centralization in its staking ecosystem. This lack of movement towards greater decentralization could raise red flags about the network’s reliance…
Anthony Pompliano, founder of Professional Capital Management, believes Tesla’s push into automation could be the catalyst for widespread stablecoin adoption. In a recent post, Pompliano highlighted Tesla’s new autonomous vehicles and humanoid robots, introduced at the company’s Robotaxi Day event, as a potential turning point for digital currencies. He argued that these innovations could lead to a new era in which stablecoins become the primary transaction medium in a machine-driven economy. You might also like: Pompliano: Bitcoin and AI remain in decade-long bullish trend Tesla’s advancements = more stablecoin use cases Tesla, led by CEO Elon Musk, unveiled a range…
AVAX has seen a significant surge in price following the launch of the Avalanche Foundation’s $40 million Retro9000 grant program, which is aimed at incentivizing the creation of layer-one blockchains. In addition to improving AVAX’s market performance, the grant program aims to spur innovation as the Avalanche9000 upgrade approaches. The Retro9000 grant program, which was announced by the Avalanche Foundation on September 26, 2024, is designed to empower developers to build the underlying infrastructure on the Avalanche network. The initiative coincides with the upcoming Avalanche9000 upgrade, which is billed as the platform’s most significant improvement since its mainnet launch in…
The Federal Open Market Committee (FOMC) will meet on Wednesday, September 18, for what can be the first interest rate cut decision in years. This decision will potentially affect finance markets and leading assets like Bitcoin (BTC), requiring a trading plan for the week. On that note, CrypNuevo shared his Bitcoin trading plan for this week and commented on what he expects to happen. In summary, the analyst believes BTC will trade in a range close to Bitcoin’s current price before the meeting. “I’m leaning towards the idea of price forming a range here with a few deviations/traps until then.…
The value of Ethereum (ETH) sent into exchanges has surpassed $1 billion just two days after the altcoin’s price climbed to $2,600. This sudden influx of ETH onto exchanges often signals a potential shift in market sentiment, as traders may be preparing to cash out on recent gains. With Ethereum’s price swinging sideways, the question now is whether this inflow will lead to increased selling pressure for one of the market’s top assets. Ethereum Holders Book Quick Gains On October 13, Glassnode data revealed that 122,164 ETH were held on exchanges. However, as of this writing, that number has surged…
JPMorgan Chase CEO Jamie Dimon has issued a major warning about the global economic situation over ongoing geopolitical threats coming from an “evil axis” that shows “that conditions are treacherous and getting worse.” Dimon’s words came in a press release from the financial git accompanying its third-quarter earnings, which beat analysts’ expectations and saw the bank set aside $1 billion more in reserve to cover growing losses from unpaid loans. The bank’s CEO wrote, referring to the ongoing war in Ukraine and Israel’s war against Hamas and Hezbollah: There is significant human suffering, and the outcome of these situations could…
SunPump, a prominent memecoin launchpad on TRON, has announced a strategic partnership with Gotbit, a market-making hedge funding firm. Through this alliance, SunPump aims to boost the TRON meme ecosystem. Since the launch of SunPump, memecoins have gotten prominence in the crypto market seeking the attention of crypto investors. 🎉We’re thrilled to announce that #SunPump has formed an ecosystem partnership with @gotbit_io!Gotbit has been a consistent supporter of SunPump’s #meme projects, and we believe this collaboration will open up even greater opportunities for more projects, fostering the healthy… pic.twitter.com/lPiqDuJmau — SunPump (@sunpumpmeme) September 27, 2024 SunPump is expanding day by…
Kamala Harris announced today she is “supporting a regulatory framework for cryptocurrency and other digital assets so Black men who invest in and own these assets are protected.” Nope, that’s not clickbait: Harris’s first specific crypto policy is here, and it’s race-based. As a Bitcoiner, I have to say, this is a huge misstep, and it shows Harris in no way understands Bitcoin, a network where everyone already has equal access regardless of race, color, creed. Harris and the Democrats have for years touted themselves as “anti-racist,” while labeling their opponents and anyone who challenges them as racist. Here, Kamala…
With a $10 million initial funding, Saakuru Labs and Memecore announced the establishment of a joint foundation with the goal of investing in and acquiring meme coin communities and games that would integrate into the Saakuru and MemeCore ecosystems. This strategic collaboration will boost activity on the Memecore Layer 1 protocol and improve the decentralized application (dApp) ecosystem on the Saakuru Layer 2 Protocol. With the help of this capital, the two firms will use their expertise of blockchain gaming to broaden the gaming market and support upcoming Web3 gaming initiatives. This effort is in line with Memecore’s emphasis on…
According to the latest figures, 32 dormant bitcoin transactions have surfaced during the first two weeks of September 2024, with a hefty 2,253.54 BTC spent so far. When it comes to the biggest spenders, btcparser.com shows wallets dating back to 2016 took the lead, moving a total of 1,549.51 BTC through nine separate transactions. 32 Sleeping Bitcoin Transactions Surfaced Over the Past 2 Weeks In the first half of September, a total of 2,253.54 previously dormant bitcoin stirred back to life, valued at $135.4 million based on current BTC exchange rates. So far, no sleeping bitcoin wallets from 2010 or…