Avalanche (AVAX) has surged by 13% in the last 24 hours to join the top 10 cryptocurrencies list by market value, defying the severe market reversal. The value of AVAX has doubled since the beginning of 2023, and it has gained 84.28% in the last week, as it regained the
In continuation of a trend spanning 11 weeks, digital asset investment products have seen a steady influx of funds, totaling $43 million, according to the latest CoinShares report. Notably, the report highlights a substantial increase in short position inflows, attributed to recent price appreciation and concerns about potential downside risks.
The co-founder of Solana, Anatoly Yakovenko, recently reflected on the path that culminated in the establishment of Solana, a cryptocurrency project with a value more than $30 billion. The Twitter post by Yakovenko commemorates the six-year anniversary of his fundraising efforts for Solana (SOL), the project he started on December
Uphold, a prominent trading platform, has unveiled its latest offering, the “Uphold Vault.” This self-assisted custody solution is set to redefine the user experience by combining the benefits of self-custody with instant trading, all while ensuring bank-grade security. Uphold formally introduced the Uphold Vault on its official X page, emphasizing
It is possible that the recent price spike of SOL was caused by the issuance of Jito tokens to users of Solana. The Jito Network airdrop caused the JTO token to surge 88% to a new all-time high of $3.18, much to the delight of the Solana community. Thanks to
Eternl, a versatile Cardano light wallet, has unveiled its latest release, Eternl v1.11.17, bringing forth significant changes in collateral handling and several noteworthy improvements. The standout feature of this update is the alteration in collateral handling, ensuring that transactions made via Eternl collateral take precedence when no other UTxOs are
According to Solana founder Anatoly Yakovenko, who recently spoke on Laura Shin’s Unchained podcast, the future of Solana’s Saga Phone is questionable due to low sales and shifting market dynamics. Earlier this year, the phone was available for purchase; in August, its price was reduced from $1,000 to $599. During
Cardano’s ADA saw its market cap surge by over $1 billion in just 24 hours, amidst a new wave of intense buying pressure. At press time, ADA’s overall market cap stands at $15.5 billion, cementing it as the 8th-largest cryptocurrency by valuation, according to CoinMarketCap. The latest push saw the
As a result of renewed hope that a spot bitcoin ETF would be approved in the United States, the crypto market is experiencing a boom, and Bitcoin broke above $44,000 for the first time since April 2022. The general market, and Solana in particular, are benefiting from this rising pattern.
Ripple, the renowned blockchain-based payment protocol, has forged a strategic alliance with Onafriq. This collaboration aims to revolutionize cross-border transactions and address the challenges associated with outdated payment systems prevalent across the continent. Ripple’s ambitious venture aligns with Africa’s surging fintech sector, anticipated to offer a substantial $2.7 trillion opportunity.
