Author: NBTC

Pump.fun became the largest revenue generator of any blockchain or protocol over the past 24 hours, data shows. 11,528 tokens were deployed on Monday, bringing the cumulative total up to 1.2 million. The number of tokens created can be attributed to the ongoing celebrity-themed token narrative. Celebrity-inspired meme coins spurred a surge in revenue for token launchpad Pump.fun over the past 24 hours, lifting the protocol’s revenue above the Ethereum blockchain’s for the first time. Pump.fun racked up $2 million in daily revenue in the time period, pipping Ethereum’s $1.91 million and making it the largest revenue generator of any…

Web3 payments provider Transak is teaming up with Soneium to bring more mainstream users to the recently launched blockchain network. According to a press release shared with crypto.news, Transak will assist Soneium in onboarding mainstream users who want to leverage the Ethereum (ETH) layer 2 platform’s web3 infrastructure and services. Transak, a U.S.-based payments provider, has a tech hub in Bengaluru, India, and also operates offices in the United Kingdom, Italy, the United Arab Emirates, and Hong Kong. Sony’s dive into web3 Sony Group, through its Sony Block Solutions Labs, is making a significant entry into the blockchain and web3…

Bitcoin (BTC) is again trading around the $60,000 psychological level, encouraging both bullish and bearish analyses in the market. While the leading cryptocurrency decides its direction, traders and investors look for the next buying before a bull rally starts. In particular, Bitcoin’s trading expert CrypNuevo posted his “Sunday Update” on August 18, highlighting potential movements for BTC price. First, the analyst expects Bitcoin to briefly break out from a descending broadening wedge chart pattern spotted by different traders. Finbold has already reported two analyses that mention this pattern, one eyeing the $100,000 mark and the other warning of downside potential.…

There’ve been some rumblings about a potential bear case for ethereum. Now hold your horses; there may be a few reasons to think that the bear hasn’t reared its head just yet. At least for now. Jeff Sekinger, founder of Nurp, argued that the chart is actually bullish for ETH because it was able to find support after it bounced above $2,300. Meanwhile, Volmex founder Cole Kennelly told Blockworks that ETH’s fundamentals remain “strong.” Read more: Where are we on the bull market chart? “Notably, ETH is the second crypto asset to have spot ETFs, the blockchain of choice for…

Taking a somewhat unconventional approach to investing, Robert Kiyosaki, author of the finance book “Rich Dad, Poor Dad,” prefers investing in cryptocurrencies and commodities such as gold and silver to traditional stock market investing. Even there, his approach differs from the traditional “buy the asset for a profit,” instead, Kiyosaki prefers to view his investments as a hedge against inflation and the losing value of the U.S. dollar. MONEY is an interesting subject. Everyone in the modern world uses money…regardless if they earn the money or not. If you are born into a rich family…you may be lucky….yet history shows…

In a jaw-dropping move, 139.88 billion SHIB worth $2.42 million were withdrawn from Coinbase to an unknown address. This massive transaction, revealed by data from Arkham, involved the address “0xA606,” which had no previous recorded activity. The tokens were withdrawn in two tranches, with the first transfer of 116.623 billion SHIB, followed by an additional 23.26 billion SHIB. This unexpected withdrawal by an unidentified entity came amid low trading activity for Shiba Inu. Over the past four months, SHIB has experienced a sharp decline, with its price plummeting 62% from $0.000045 to $0.000017, following a dramatic 400% drop in February.…

Pyth Network has partnered with Sony Group to deploy the Pyth Price Feeds on Soneium, Sony’s Layer-2 blockchain platform on Ethereum. Pyth’s partnership with Sony Group also includes Startale, the web3 tech platform behind multiple blockchain applications. Sony recently launched Soneium Sony Group, through its blockchain arm Sony Block Solutions Labs, collaborated with Startale Labs to unveil Soneium. The new layer-2 solution is built with Optimism’s OP Stack – the technology that also powers Coinbase’s Ethereum L2 platform Base. Worldcoin also used the OP Stack for its World Chain project. On August 28, the Soneium team announced the L2 network’s…

Gold reached a new all-time high (ATH) last Friday, surpassing the $2,500 price per ounce, while Bitcoin (BTC) lags behind. The so-called “digital gold” divergence from the precious metal has sparked discussions in the finance community, evaluating their fundamental differences. In particular, trader and analyst Kashyap Sriram, who has over eight years of experience in finance, shared his insight. Sriram first commented in a post by Lawrence McDonald, a New York Times best-selling author, who questioned Bitcoin’s store of value narrative, comparing BTC and gold price performances. “Bitcoin’s best days are behind it. Gold’s best days are just beginning. This…

Ethereum gas expenses have dropped to their lowest in five years due to Layer 2 expansion. The Dencun upgrade has reduced transaction costs significantly across the Ethereum network. The rising ETH supply is putting pressure on its market price despite increased demand from recent developments. Ethereum gas fees have reached their lowest point in five years, showing significant changes within the network. This drop, reported on August 19, 2024, is due to the increased use of Layer 2 networks and the Dencun upgrade from March 2024. These developments have lowered transaction costs, affecting Ethereum’s supply and market dynamics. Layer 2…

Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter. Welcome to the On the Margin Newsletter, brought to you by Ben Strack and Casey Wagner. Here’s what you’ll find in today’s edition: How the historical “reputation risk” for advisers and institutions allocating to crypto has, in some ways, inverted. NVIDIA is about to drop its Q2 results. Here’s what to know beforehand. What to make of Russia’s crypto-related tests, set to start in the coming days. More institutions viewing digital assets as ‘inevitable’ There…