Author: NBTC

Ethereum’s transaction fees have reached a six-month low, caused by the shift of transactions to layer-2 (L2) blockchains, according to the latest edition of IntoTheBlock’s “On-chain Insights” newsletter. This migration has contributed to a decrease in the total fees accrued by Ethereum. In April, transactions on the largest three L2s, Arbitrum, Optimism, and Base, accounted for an unprecedented 82% of all Ethereum transactions. With the inclusion of additional L2s, this percentage is likely even higher. The launch of EIP-4844 on March 13 played a crucial role in this transition by slashing L2 fees by more than tenfold, leading to a…

StaFi, a multi-chain liquid staking derivatives (LSD) protocol, has announced it would support the EigenLayer Liquid Restaking Token (LRT), according to the information shared with Finbold on May 10. The integration accompanies the release of the StaFi 2.0 roadmap, outlining plans for the LRT Stack and representing a significant milestone just a month after launching LSaaS (Liquid Staking as a Service). Leveraging the success of the EigenLayer mainnet launch The addition of LRT support leverages the successful launch of the EigenLayer mainnet, enabling developers and project teams to seamlessly deploy LRT on LSaaS, greatly streamlining LRT development and enhancing the…

Alter Protocol has announced the launch of its latest product, Alter Protocol Real-Time Mining. It offers $ATPO miners and investors the opportunity to generate daily profits with instant withdrawals. They will be charged with zero fees or taxes. This revolutionary system marks a significant advancement in the cryptocurrency mining landscape. At the same time, it provides users with a seamless and efficient way to maximize their earnings. We’re happy and excited to announce that, AlterProtocol planning to launch new product (AlterProtocol real Time Mining) where all $ATPO Miners and investors can generate daily profits and withdraw their profits daily and…

As bitcoin fluctuates within a defined range, Monday’s technical analysis reveals a mixed bag of signals from oscillators and moving averages. Traders face a nuanced landscape on April 22, 2024, as various charts suggest both caution and opportunity. Bitcoin Bitcoin’s (BTC) price today stands at $65,974, with a 24-hour trade volume of $19.6 billion and a market cap of $1.30 trillion. The cryptocurrency has experienced a trading range from $64,364 to $66,504 over the last day. This slight volatility presents a complex interplay of support and resistance levels that traders need to navigate carefully. The relative strength index (RSI) at…

Ripple CTO David Schwartz’s recent disclosure has sparked widespread intrigue within the cryptocurrency community, shedding new light on his early involvement in Ethereum and the significant gains he accrued. Schwartz revealed that he secured a substantial 40,000 ETH during Ethereum’s pre-ICO phase, a move spurred by his acquaintance with Ethereum’s founder, Vitalik Buterin. Schwartz’s entry into Ethereum predates its public pre-ICO, with Buterin extending a personal invitation for him to participate. Motivated by a desire to support Buterin, Schwartz invested 20 BTC without much deliberation, resulting in the acquisition of the substantial ETH holdings. The other part of this story…

After memecoin mania cycles were speed-run on Solana and Base, this weekend was Bitcoin’s turn, and a new network milestone came along with it. For the first time ever, bitcoin miners in a single 24-hour period earned more in fees than in block rewards. On Saturday — just after the halving and the launch of token minting protocol Runes — miners raked in $80.74 million in fees and $26.28 million in bitcoin. That has never happened before, according to Token Terminal data. The day after also came close, with fees making up nearly 80% of all miner revenue. Prior to…

In an acerbic X post, Ethereum (ETH) veteran, prominent investor, podcaster and crypto educator Ryan Sean Adams describes two alternative midterm forecasts for Ether (ETH) as a crypto coin. Bearish: Inevitable puberty of Ethereum (ETH) In a 2024-2025 potential rally, Ethereum (ETH) might be overlooked by investors as it is going through the “awkward” phase of “puberty.” It looks too slow and expensive compared to its own second-layer solutions of various types, Adams admits. Will this cycle skip Ethereum?I’m going to take the perspective of long-term Ethereum bulls, not the obviously wrong dyed in the wool Ethereum is dead haters.There’s…

Arcana Network, a trailblazer in the Web3 landscape, has recently partnered with the Vanar Ecosystem. This collaboration introduces Arcana’s revolutionary modular Layer 1 technology to VanarChain, enabling developers and projects to seamlessly create and innovate within the ecosystem. Arcana Network has already done a remarkable growth in the Web3 space, with:100+ Partners On board21K+ SDK Downloads2K+ Apps CreatedThey are bringing vast experience and innovation to the @VanarChain ecosystem. Discover more about their journey at https://t.co/dZkK6kGk7P pic.twitter.com/h5L7KWs3hu — Vanar (@Vanarchain) May 10, 2024 Since its inception, Arcana Network has achieved substantial growth and success. The network has onboarded over a hundred…

The journey toward approving Ethereum (ETH) exchange-traded funds (ETFs) faces considerable hurdles despite its promise for the crypto market. The US Securities and Exchange Commission (SEC) has shown a cautious approach, mirroring Bitcoin ETFs’ pathway before their eventual approval. Bundeep Singh Rangar, Founder and CEO of Fineqia, in an interview with BeInCrypto, highlighted the significant implications and challenges associated with Ethereum ETFs. The Market Impact of an Ethereum ETF Approval The approval of Ethereum ETFs is expected to mirror the impact of Bitcoin ETFs, enhancing accessibility and legitimacy. “The introduction of Ethereum ETFs would enhance accessibility and legitimacy, attracting new…

Major AI-related tokens have risen significantly in the last 24 hours, positively diverging from the cryptocurrency market. AI-Related Tokens Lead Crypto Market Surge With Impressive Gains In particular, native cryptocurrencies associated with SingularityNET (AGIX) and Fetch.ai (FET) showed notable gains, with Fetch.ai (FET) gaining over 6% and SingularityNET gaining 5%. Known for using artificial intelligence and machine learning to streamline business processes, Fetch.ai has surged significantly, rising over 15% in the past month alone. CoinGecko data reveals that the AI token market cap has reached an impressive $27.7 billion, registering a significant increase of over 10% in the last 24…