In recent weeks, Ethereum has shown signs of recovery in a bearish crypto market. While the price has slightly increased by 0.2% over the last 24 hours, there has been a notable change in the ETH burn rate. April witnessed Ethereum’s ETH burn rate hitting an annual low due to a decrease in network transaction
Mining
Block, owned by X co-founder Jack Dorsey, recently announced that they will be investing 10% of profits made from bitcoin-related products into monthly BTC purchases. In his Q1 2024 earnings report, Dorsey emphasized the importance of bitcoin as the best candidate for a decentralized open protocol for money. This move comes as Block addresses concerns
Bitcoin’s recent price fluctuations have been nothing short of dramatic, with prices swinging wildly from a high of almost $65,000 to a low of $56,500 within a matter of days. This volatility was fueled by a mix of market speculation and external factors, such as the US Federal Reserve’s decision on interest rates. While Bitcoin
Eigenlayer, the leading project in Ethereum Restaking, is gearing up to launch its airdrop for collection on May 10th. BingX Exchange, a well-known crypto exchange, will be listing Eigenlayer’s token $EIGEN for trading immediately after the airdrop. The Significance of Eigenlayer in 2024 Eigenlayer has emerged as the most substantial Restaking project on Ethereum in
The recent market crash in the cryptocurrency world has seen some interesting movements among various coins. One of the notable performers in the last 24 hours is Dogecoin ($DOGE), which has managed to rise 7% amidst the chaos. However, this rise comes after a 12% decline from the previous week, making Dogecoin one of the
As the crypto market continues to evolve, a crypto analyst, Benjamin Cowen, has made predictions regarding Ethereum’s future value against Bitcoin. Cowen suggests that the ETH/BTC ratio will hit its lowest point in the current market cycle under specific conditions. Drawing parallels to market dynamics in 2019, he anticipates a significant shift in the Federal
In a surprising move, Bitcoin Minetrix ($BTCMTX) recently announced a significant token burn, amounting to 10% of the total token supply of 4 billion. This initiative, aimed at reducing the overall token supply, is expected to boost the price of $BTCMTX in the market. The burn is scheduled to take place tomorrow at 8am UTC,
The native token for Ethereum Layer 2 scaling solution Optimism (OP) has experienced a 4% decrease in the last 24 hours. The current price of Optimism stands at $2.39, marking a 1% decline in the past hour. Over a seven-day period, the token has dropped by 3.7%, although it remains 7.2% more valuable than it
The recent dip in the crypto market has caused waves across various meme coins, with Bonk (BONK) experiencing an 8% decline. This drop comes amidst a broader pullback influenced by the performance of key players like Bitcoin (BTC) and Ethereum (ETH). As of the latest update, Bonk is trading at $0.00002427, marking a significant decrease
Yuga Labs, a prominent player in the crypto space, rose to fame in early 2021 with the launch of its popular Bored Ape Yacht Club NFT project on Ethereum. The company soared to a peak valuation of $4 billion during a $450 million funding round in 2022. However, recent developments have cast a shadow over