Recent analysis of the Shiba Inu network has revealed a significant downturn in the rate of token burning, even during a relatively calm weekend trading period. The burn rate of SHIB has witnessed a considerable drop, dropping by over -79.%. Token burning involves deliberately removing tokens from circulation, thereby reducing
Assets under management (AUM) for the ProShares Bitcoin Strategy ETF (ticker symbol: BITO) have risen back beyond $1.04 billion thanks to massive inflows over the last few weeks. According to ETF.com, on June 29 investors put in $14.9 million, and on July 3 they put in another $11.9 million. Since
One of the top online learning platforms in the world, Coursera, has partnered with Binance Academy, the education division of Binance, the largest cryptocurrency exchange in the world. Coursera has more than 124 million users worldwide. Through this partnership, educational opportunities will be made available to everyone in the world
In the face of recent market volatility and downward pressure on Bitcoin’s price, a remarkable trend has emerged among retail investors, affectionately dubbed the ‘shrimps.’ The Shrimps who possess less than 1 BTC each, have been steadfastly accumulating the king coin at an impressive rate of 33,800 BTC per month.
Solana (SOL), blockchain the so-called Ethereum killer making significant strides in the cryptocurrency market. Recent data from DeFiLlama reveals that Solana’s Liquid Staking Derivatives (LSDs) protocol has experienced an impressive surge in Total Value Locked (TVL) this year, signifying its growing prominence among top cryptocurrencies. Solana (SOL) TVL Surges Since
Shiba Inu, a meme-inspired cryptocurrency, has managed to retain its widespread appeal in the crypto market. It started as a joke, but its popularity surged unexpectedly and rapidly. The burn activity of Shiba Inu (SHIB) holds a crucial role in the token’s utility, underscoring its deflationary attributes and exerting a
Despite what may seem to be excessive price swings, Cardano’s (ADA) DeFi TVL has been trending upwards. According to DeFi aggregator DeFiLlama, the total number of ADA tokens locked on all of the DApps it monitors has hit a new all-time high of 557.62 million ADA. This figure has increased
Hong Kong University of Science and Technology Vice President Cai Wensheng proposed the HKD stablecoin on July 4. The Hong Kong government did not support a similar policy suggestion offered by Wang Yang, Lei Zhibin, and Wen Yizhou. The scholars want to create a stablecoin for the local currency that
Australian financial authorities are investigating cryptocurrency exchange Binance, and they recently conducted a search of the company’s premises. This is related to the investigation into derivatives, a business that Binance stopped doing in Australia earlier this year. Bloomberg claims that on Tuesday, July 4, agents from the Australian Securities and
Only days after Twitter’s “rate limit” occurrence, which temporarily curtailed how many tweets users may view each day, Meta intends to debut its new Twitter competitor, Threads, on July 6. A Meta-launched countdown site suggests that the launching of the platform, which is deeply integrated with the Instagram picture and
