The Blast Network has emerged as a key player in the world of web3, offering a unique solution among the many Ethereum Layer 2 (L2) platforms. Launched by the creators of the Blur NFT marketplace, Blast Network’s mainnet, known as Blast Mainnet, was unveiled in February 2024 to tackle the challenges of high transaction fees
2024
The prediction by analyst ‘RamenPanda’ suggests that there will be no sharp correction following any potential interest rate cuts by the U.S. central bank in September or November. This scenario is based on historical examples, such as in 2008 when the Fed cut rates during a financial crisis but the markets reacted poorly, leading to
Kraken founder Jesse Powell made headlines recently after donating $1 million, primarily in Ethereum, to support former US President Donald Trump’s re-election bid. Powell stated that the donation was intended to help the US maintain its leadership position in blockchain technology. His decision to support Trump, who has shown a more favorable stance towards crypto,
In a recent statement to the media, Keisha Lance Bottoms, who is set to become Joe Biden’s senior campaign adviser, emphasized that crypto is not a partisan issue. She highlighted that crypto has garnered bipartisan support and has captured the attention of voters throughout the United States. Bottoms noted that crypto and blockchain technologies are
Illuvium Open Beta is on the horizon, set to be released on July 25, 2024, exclusively through the Epic Games Store for PC. This highly anticipated game has been in the works since 2020, bringing together elements from different gaming genres to create a truly unique and immersive experience. The team behind Illuvium has shown
The village of Yamakoshi in Japan’s Niigata mountains has revolutionized its development and addressed the issue of an aging population through the innovative use of NFTs. The Neo-Yamakoshi Village project, launched in 2021, has garnered the interest of 1,700 “digital citizens” who have invested in Nishikigoi NFTs, generating over $423,000. This unique approach merges digital
Sonic, the revolutionary Layer-2 (L2) infrastructure on Solana, has made significant strides since its recent launch. In just a week of initiating the Sonic Testnet Odyssey, the platform has achieved remarkable milestones. Surpassing 100,000 unique wallets and processing 17 million transactions, Sonic has demonstrated the power and potential of its protocol in enhancing gaming experiences
Bitcoin, the leading cryptocurrency in the market, seems to be facing a critical juncture as it approaches a key moment. After a strong performance in the first half of 2024, where it broke through the important $71,000 mark, it has since retreated and is now hovering around the crucial $61,000 support level. This recent dip
Spot Bitcoin ETFs have recently experienced a concerning trend of outflows for seven consecutive days. These outflows have been averaging around $100 million daily, totaling to approximately $1.2 billion pulled out from the funds so far. This decline has been closely linked to the drop in the Bitcoin price, indicating a possible correlation between institutional
Stablecoins have been making waves in the financial world, with Token Terminal data indicating a massive surge in monthly transfer volumes. From a mere $100 billion in October 2020, the volume has skyrocketed to over $1.68 trillion in April, marking a significant 16-fold increase. The data also highlights the growing relevance of stablecoins in revolutionizing