Author: NBTC
Looking at the week’s capitalization of the Ethereum Network, decentralized finance protocols have been widely staking and have burnt 12,403 ETH or $30.6M. The fee burn mechanism included within the Ethereum upgrade under EIP-1559 eliminates transaction fees from circulating supply, reducing ETH supply and its deflationary properties. TOP #ETHEREUM BURNER #DEFI PROJECTS#Uniswap $UNI #1Inch #Metamask #0xProtocol $ZRX #GnosisChain #KyberSwap #Pendle #Paraswap #Aave $AAVE #Tokenlon $LON pic.twitter.com/lgm4PeA99m — PHOENIX – Crypto News & Analytics (@pnxgrp) October 13, 2024 Although many projects have participated in this burn, Uniswap has been the biggest contributor, with 2,270.7 ETH burned, amounting to $5.6M. 1inch and…
While the crypto market undergoes a relief rally after the recent downturn, Ethereum (ETH) is at a pivotal moment. On-chain indicators suggest a consequential price movement is imminent for Ethereum. Renowned crypto analyst Ali Martinez recently highlighted key trends in Ethereum’s price history, using the TD Sequential setup to forecast potential outcomes for the second-largest crypto asset. According to Martinez, Ethereum has followed a distinct pattern over the last two market cycles. Each time its price breaks above the TD setup resistance trendline, marked in red in the chart below, ETH enters a strong bull run. Past breakouts have seen…
In an exciting development for the cryptocurrency community, the Cardano network is rapidly approaching a historic milestone of 100 million transactions. According to a recent tweet by Input Output Global, the developer behind Cardano, Cardano is closing fast on 100 million transactions as it marks seven years of uninterrupted activity. The tweet highlighted that Cardano is not just surviving but thriving, with millions of native tokens and nearly 2,000 projects funded through its Catalyst program. “Now in its seventh year of uninterrupted activity, Cardano is closing fast on 100 million transactions. With millions of native tokens, almost 2,000 Catalyst-funded projects…
Haven’t we heard this one before? After previously announcing the end to its original mining phase, then delaying the airdrop and launching a new “Chill Phase” mini-season to fill the gap, the developers of Telegram crypto game X Empire have once more announced the impending end of gameplay ahead of the planned airdrop. On Friday, X Empire said that the X token on The Open Network (TON) will launch on October 24, with the airdrop to players set to take place on the same date. Now we know that the current “Chill Phase” season will finish up on Thursday, October…
CPI increase triggered fears of rate hikes, and Ethereum fell by 3%. Market uncertainty led to ETF outflows as investors looked for alternatives. ETH price has the potential of pumping by 12 per cent after hitting key support. Ethereum Slides 3% Amid CPI Data Release After news of Consumer Price Index data release which clocked Inflation of 2.4% a 0.1% rise Year on Year (YoY) led to a 3% drop of Ethereum. A small spike in inflation rattled investors worried about increasing interest rates to cool an already bearish crypto market. Consumer Price Index data Ethereum soon reacted and started…
Popular Shibburn tracking platform has spread the word about a significant increase in the SHIB burn rate that took place over the past two hours, pushing this metric’s reading high into the green zone. In the meantime, the Shiba Inu price has continued declining since Saturday, going farther down from the $0.00002140 price peak reached on that day. SHIB burns show 320% spike The above-mentioned data source shared that over the last 24 hours, the SHIB burn index jumped to the 320.33% level within approximately two hours. This was achieved thanks to the overall burns of 10,312,196 SHIB conducted by…
Fairdesk, a Singapore-based crypto exchange launched in 2021, will permanently close on Nov. 30. The decision comes amid shifting market conditions and regulatory changes, according to a company release. Fairdesk built a reputation for offering futures trading, spot trading, and other crypto services to a global user base. However, the company’s leadership has opted to wind down operations, citing challenges in the current environment. ‼️Important Notice About The Closure Of Fairdesk PlatformSince the official launch of Fairdesk Cryptourrency Exchange in 2021, it has played a positive role in providing high-quality trading services to a large number of traders. However, with…
All attention in the leading cryptocurrency Bitcoin is focused on the FED decision to be announced this evening. While it is almost certain that the FED will cut interest rates, it is thought that this interest rate cut will be positive for the BTC and cryptocurrency markets. Digital asset fund Capriole Investments said in its latest report that BTC is at a significant turning point. The report stated that with the FED lowering interest rates, Bitcoin will regain $64,000 very quickly. Capriole Investments founder Charles Edwards said that Bitcoin will rise in the fourth quarter, which is seen as the…
The cryptocurrency community closely monitors Ethereum as it approaches a critical support level of $2,300. According to recent data, this price point is significant not only for its psychological implications but also because it represents a substantial concentration of investments. Analysis from crypto intelligence platforms indicates that approximately 2.4 million addresses have accumulated about 52.6 million Ethereum tokens within the price range of $2,048.97 to $2,779.56. However, most of these purchases cluster around the $2,300 mark, positioning it as a pivotal level for current Ethereum holders. The key support level for #Ethereum is $2,300, where 2.4 million addresses purchased 52.6…
GraFun, a memecoin launchpad supported by Floki and DWF Labs, saw over $250 million in trading volume in its first 24 hours on PancakeSwap. One project, BabyBNB, achieved a market cap peak of $132 million shortly after launch and was listed on exchanges like MEXC and Gate. GraFun introduced the “Fair Curve” model to reduce fraud and price manipulation in token launches. The new GraFun launchpad and trading platform introduced memecoins that bagged over $250 million in volume from their automated deployment to PancakeSwap in the first 24 hours after the platform’s launch, according to one of the developers behind…