Shibarium, the layer-2 scaling solution for the Shiba Inu ecosystem, is currently in the limelight due to significant growth metrics. Since its launch in August 2023, it has recorded remarkable activity levels. According to recent reports, daily transactions have surged into the millions, culminating in a staggering 500 million total transactions by November 12. Metrics
Crypto
The past week has been a remarkable chapter in the ever-evolving narrative of the cryptocurrency landscape. Led by Bitcoin, the pioneer of digital currencies, the total market capitalization has soared to an astounding $3.1 trillion. This surge signals a renewed fervor among investors, reminiscent of previous market rallies that had captured mainstream attention. It seems
The cryptocurrency market experienced an extraordinary surge recently, highlighted by Bitcoin (BTC) reaching an unprecedented peak of $90,000. This remarkable price milestone marks a significant achievement for the leading digital currency, which has been a focal point for both investors and the media. The rally didn’t materialize overnight; it was a culmination of various factors,
In a notable move, the Ethereum Foundation recently sold 100 ETH for an impressive 334,315.7 DAI on November 12th. This transaction marks a significant moment as it was the foundation’s first ETH trade following the release of its 2024 financial report. Such sales indicate the foundation’s ongoing engagement with its financial strategy as it aims
Ripple Labs is preparing to make waves in the cryptocurrency market with its upcoming stablecoin, RLUSD. This coin is designed to maintain a 1:1 peg with the US dollar, positioning it strategically within the evolving financial landscape dominated by digital currencies. As the firm transitions into beta testing, it awaits crucial regulatory approval that will
As the United States approaches a pivotal moment for regulatory clarity regarding cryptocurrencies, experts are emphasizing the risks of neglecting Bitcoin (BTC) in investment portfolios. A recent report from the New York Digital Investment Group (NYDIG) sheds light on the significant changes expected in the regulatory environment, suggesting that inaction regarding Bitcoin may become a
The world of cryptocurrency is on the cusp of significant transformation, particularly concerning the burgeoning market for exchange-traded funds (ETFs). With growing optimism, industry analyst Nate Geraci has indicated that a wave of filings for spot crypto ETFs—featuring prominent cryptocurrencies like Ripple (XRP), Solana (SOL), and Cardano (ADA)—could be imminent. The implications of this potential
The cryptocurrency landscape has seen various fluctuations, but Shiba Inu (SHIB) has emerged as a standout performer over the recent weeks. With its price surging over 50% within a week, SHIB is gaining attention, currently priced around $0.00002576. This noteworthy increment follows a brief spike to $0.00002737, a level not reached since May, marking it
In October 2023, Animoca Brands emerged as a formidable player in the venture capital landscape, underlining its expansive aspirations within the burgeoning Web3 ecosystem. The Hong Kong-based company made headlines by securing nine investments in just one month, a feat that outpaced notable competitors like CMS Holdings and Hack VC, which made seven and six
In 2023, amidst the turbulent waters of the NFT market, the CryptoPunks collection has emerged as a standout leader, capturing the attention of collectors and investors alike. With the market grappling with the decline of numerous non-fungible tokens (NFTs), CryptoPunks has solidified its dominance, showcasing a remarkable ability to adapt and thrive. According to data
