Leading liquid staking protocol for Cronos, Veno Finance, made its debut on the zkSync Era Layer-2 blockchain scaling solution. With its introduction, zkSync Era users may now directly stake their ETH tokens and obtain Liquid ETH (LETH) tokens, creating new opportunities for yield farming inside the platform’s decentralized finance ecosystem. Users
The Shiba Inu (SHIB) token has experienced an extraordinary surge of 667% in its burn rate, marking a pivotal moment for potential growth. This surge aligns with a slight increase in SHIB’s value, reflecting a positive sentiment shift among investors and suggesting the emergence of a more sustained bullish trend.
The first bitcoin spot exchange-traded fund is awaiting approval or rejection from the U.S SEC, and crypto traders are waiting eagerly with high hopes. Valkyrie Investments, one of the issuers, is expecting a decision soon. Valkyrie Investments co-founder and CIO Steven McClurg stated: “We’re expecting the SEC will deem the
The XRP price managed to break free from a long-term descending resistance trend line, a development that unfolded in July 2023 after reaching a low of $0.29 in June 2022. Following this breakout, XRP surged to a high of $0.94, subsequently experiencing a pullback that intriguingly found support at the
The overall Open Interest (OI) in Bitcoin Futures has surged to unprecedented levels, paving the way for what might be a crypto market revolution. Total Bitcoin futures contracts on the CME have reached an all-time high, according to Coinshares Head of Research James Butterfill, who recently released a critical graphic
In spite of the turbulent market, the crypto community’s tenacity was evident while looking back on the eventful year of 2023. Together, we looked at creative approaches to incorporating cryptocurrencies into daily life, such as payment processing. The potential for widespread industry adoption of cryptocurrency payments is immense, which is
A report titled Decentralized Finance was produced by the Commodity Futures Trading Commission’s (CFTC) Technology Advisory Committee’s Digital Assets and Blockchain Technology Subcommittee. Earlier, the Department of Treasury issued a report in April regarding the risks of illicit financing in DeFi. The report urged federal regulators to engage with the
Ta-da, an AI data marketplace, has declared the conclusion of a $3.5 million funding round. The initiative, which was nurtured by Dubai-based Morningstar Ventures since 2021, was funded by many prominent blockchain venture capitalists. The proceeds generated will go toward growing Ta-da’s endeavors and improving its infrastructure. Following a seed
The price of Ethereum (ETH) has turned green, despite failing to maintain the momentum during the New Year. Bulls are extending the range formation and building up more trend impetus thanks to the robust purchasing action near the $2200 support zone. Breakout opportunities are enhanced by the surge in purchasing
Bitcoin soared past $45,000, reaching heights of $47,000, marking an unprecedented climb since April ’22. This surge is undeniably fueled by growing speculation around a potential Securities and Exchange Commission (SEC) approval of the first spot BTC exchange-traded fund (ETF). Analysts from Bloomberg Intelligence cite a staggering 95% likelihood of
