In the bustling world of NFTs, Magic Eden Marketplace has emerged as a vibrant hub for enthusiasts in 2024. Initially focused on the Solana-based NFT sector, this decentralized marketplace has expanded to support Ethereum NFTs and the latest Bitcoin ordinals. With an impressive user count and reputation for low transaction costs, Magic Eden is the
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The approval of spot Ether ETFs by the U.S. Securities and Exchange Commission has sparked discussions about the potential impact on the market. According to a report by Kaiko, if Grayscale’s upcoming Ether ETF follows the trend set by the company’s Bitcoin Trust, it could see an average outflow of $110 million per day. The
Ethereum (ETH) is currently experiencing a significant technical breakout, leading the way for a potential market surge. Analysts, such as Jelle, have pointed out that Ethereum has broken out of a bearish pattern, specifically the “falling wedge,” and has successfully turned key resistance levels into support zones. The current push towards the $4,000 mark indicates
Following a crucial week for Ethereum, a technical candlestick arrangement indicates that ETH prices could be gearing up for a significant uptrend in the near future. An analyst points out events in the monthly chart, highlighting the reversal of the ETH/BTC ratio from a multi-year support trend line. Historically, when prices bounce off this line,
The value of the Normie (NORMIE) token plummeted by a staggering 99% in just three hours following a smart contract exploit. This unfortunate event saw the market cap of the token drop from $42 million to a mere $200,000 in a very short amount of time. The developers of the Base meme coin, where Normie
The European Securities and Markets Authority (ESMA) has recently raised concerns regarding Maximum Extractable Value (MEV) as a form of illegal market abuse in the context of the proposed technical standards for the Markets in Crypto-Assets (MiCA) regulation. Patrick Hansen, a well-known figure in the crypto regulation space, has drawn attention to this issue on
Shiba Inu ($SHIB) has emerged as one of the top digital asset investments of 2024, outperforming Bitcoin, Ethereum, and even its top competitor, Dogecoin. With a current price of $0.00002547, Shiba Inu has seen a remarkable 200% increase from its price a year ago. In comparison, Bitcoin is up 158%, Ethereum has added 115% over
The presale for Solana’s all-American hillbilly Sealana ($SEAL) token has garnered significant attention by attracting over $3 million in funding within a month. This success has marked the emergence of a new wave of Solana meme coins, capturing the interest of investors globally. Predecessors like DogWifHat ($WIF), Bonk ($BONK), Book of Meme ($BOME), and Popcat
In the past 24 hours, Floki Inu (FLOKI) experienced a significant 20% rise, propelling its market cap to approximately $2.6 billion and reclaiming the fifth spot in the meme coin sector. This surge in price has caught the attention of many traders and investors alike, leading to a renewed interest in this dog-themed cryptocurrency. Several
The fusion of social media and decentralized finance has given birth to a groundbreaking concept known as SocialFi. This innovative approach redefines user engagement by offering digital currency rewards for every interaction on social media platforms. SocialFi empowers users and creators by providing them with more control over their content and the opportunity to profit