Ethereum’s long positions have been on a tumultuous rollercoaster ride, with record-high liquidations topping $58 million in May. The digital asset, currently trending bearish around the $1,820 price range, has been entrapped within the $1,800 price range for a substantial period. Despite witnessing a minor surge, the potential for growth
Ethereum has made significant progress towards its impending Cancun upgrade after its well-publicized Shapella upgrade earlier this year. In addition, the change should have a major effect on the network’s architecture. In recent months, people working on the core of Ethereum have explored a number of Ethereum Improvement Proposals (EIPs).
Charles Hoskinson, the founder of Cardano, thinks the decentralization of the project will serve as a “wake-up call” for the sector. Hoskinson recently shared an update with the community. During which he claimed that ADA is “substantially more decentralized” than any other cryptocurrency. Furthermore, the executive emphasized that the Cardano
The LayerZero cross-chain bridge protocol, Stargate, has proposed a thorough solution to the stability problems surrounding anyUSDC, Fantom’s principal USDC asset, after the recent “force majeure” occurrence impacting Multichain. Stargate launches its binary voting mechanism to protect the health of its ecosystem and reduce uncertainty. As a first step, the
In an audacious move this morning, China’s capital, Beijing, spotlighted its commitment to the evolution of the internet by unveiling an ambitious blueprint known as the “Web 3.0 Innovation and Development White Paper (2023)”. This seminal document, touted by a local media outlet, The Paper, points to web3 technology as
The never-ending memecoin season, which was started by the leading meme coin Shiba Inu (SHIB), didn’t fail to treat the SHIB Army and its community. The meme token recently provided its upcoming updates. In addition, since the beginning of March, when the Shibarium testnet was launched, the Shiba Inu army
The NFT market, which faced a significant downturn last year, is now showing promising signs of a rebound. Optimism among investors regarding cryptocurrencies and the increasing demand for digital assets like Bitcoin have contributed to the overall rise in the cryptocurrency market. Based on the latest data, $OXBT BRC-20 NFTs
In a move set to shake up the decentralized finance (DeFi) landscape, the MakerDAO community is poised to vote on a groundbreaking proposal that could significantly impact interest rates across the sector. The proposal seeks to raise the Dai Savings Rate (DSR) from its current 1% to an enticing 3.33%,
The premier L1 blockchain platform, Sei Network, has now announced the completion of an update to Discord. This includes a novel feature designed to strengthen user authentication and community integrity. Humanode face verification has been added to the platform, allowing users to acquire Verified Seilor roles. The frequency of automated
In order to bring inflation under control, the International Monetary Fund (IMF) advises the Federal Reserve of the United States to maintain hiking interest rates for a longer length of time. The IMF also recommended that the Biden administration use stricter fiscal policies to bring down the national debt. Under
