Some members of the community are concerned that Lido Finance now controls almost a third of all staked ETH. They argue that Lido’s growing influence is threatening Ethereum’s decentralized nature. Dune Analytics reports a 95% increase in the total amount of ETH staked over the last year, from $22 billion
There has been a notable uptick in the number of transactions made to distinct addresses on the Ethereum network, with the daily peak hitting 467,000. This notable uptick is a potent sign of growing prominence. Investors have been keeping a close eye on Ethereum network activity since the first Ethereum-based
Bitcoin (BTC), the world’s largest cryptocurrency, has experienced a strong bearish momentum for the past few weeks. Recently, BTC has shown a slight recovery of 0.50% after staying below $26,000 for the past few weeks. With this price surge, BTC surpassed the $26K mark. However, it didn’t stay for long,
As a result of Gala Games CEO Eric Schiermeyer and co-founder Wright Thurston dragging themselves to court, the GALA token is in the midst of a severe downturn. Eric claims that Thurston and True North United Investments, LLC stole 8,645,014,077 GALA tokens from the corporation, according to documents filed in
According to a report by crypto exchange KuCoin, cryptocurrency usage is on the increase in Turkey, a nation experiencing significant inflation. Adoption rates in Turkey have risen rapidly over the last year and a half, from 40% to 52% of the population. This information was compiled by KuCoin, and is
According to Reuters, the Worldcoin’s headquarters in France’s capital city has been subject to “checks” by the National Commission on Informatics and Liberty (CNIL). These occur at a time when regulatory pressure is mounting throughout the world on the crypto project. CNIL is an independent French government agency responsible for
Early indicators for XRP for the month of September suggest promising things to come. According to Santiment, an on-chain analytics company, XRP’s on-chain volume was at a seven-month high to start the month of September, its circulation was at a three-month high, and development activity was very strong. The analytics
Cathie Wood, CEO of Ark Invest, recently tweeted her positive outlook on the confluence of Bitcoin and AI. Wood’s tweet alluded to the revolutionary perspective of AI and Bitcoin, highlighting the opportunities it brings for many businesses and the economy at large. Wood’s excitement about these two promising areas of
The price of CYBER token has witnessed severe decline after the shocking news that CyberConnect’s official Twitter account had acknowledged a major blunder in the emergency proposal CP-1. The mistake, which led to the plan being rejected, severely impacted the price of the CYBER token. From the Community Treasury, 1,088,000
FTX, a defunct crypto exchange, is said to be transferring its tokens, creating further uncertainty among the crypto community. These token transfers have sparked a number of hypotheses as to the true intentions of the trading platform, which is currently in the process of paying its creditors. The remaining tokens
