The sentiment surrounding Ethereum and Ether (ETH) is now a mix of optimism and criticism. Metrics displayed by the largest smart contract-led ecosystem’s layer-2s (L2s) reflect a bullish outlook, while certain circumstances provoke fear, uncertainty, and doubt (FUD). Especially the question: Will ETH lose its value accrual amid the L2
Debut of W, the governance token of the cross-chain messaging protocol Wormhole, is at odds with the usual occurrence of a subsequent price surge post-airdrop. The token has remained in a state of decline ever since it started trading on Wednesday. Wormhole airdropped 674 million tokens — 6.75% of the
There are a number of potential spot Ethereum ETF applications that the U.S Securities and Exchange Commission (SEC) has opened for public comment. Its primary emphasis is on exchange-traded funds (ETFs), particularly the Grayscale Ethereum Trust, Bitwise Ethereum Fund, and Fidelity Ethereum Fund. Additionally, the SEC has made note of
In the ever-evolving landscape of cryptocurrencies, meme coins have emerged as a captivating facet, blending humor, community, and speculative investment. Among the plethora of meme coins inundating the market, two notable contenders have recently gained significant traction: Dogwifhat (WIF) and Hump (HUMP). As investors seek the next big opportunity in
Meme coins have carved out a unique niche in the cryptocurrency space. These digital assets, often inspired by internet jokes or cultural phenomena, have captured the imagination of investors worldwide with their explosive growth potential. Among the myriad of meme coins emerging on various blockchain platforms, Solana has emerged as
A notable downturn has marked the cryptocurrency market as bears exerted pressure, causing the overall market cap to drop by 5.89%. Bitcoin, the leading cryptocurrency, experienced a sudden decline to as low as $66,000, while Ethereum briefly fell to $3,319. During this period, the entire network witnessed a total liquidation
Vitalik Buterin, co-founder of Ethereum, has announced the next stages in the Purge initiative to simplify the protocol and reduce the demand on nodes’ resources. The Purge is an important part of Ethereum’s transition since it simplifies the network by removing unnecessary and outdated data. In addition to lowering the
Grayscale Solana Trust (GSOL) value has skyrocketed, showing that institutional investors are more optimistic about Solana (SOL). The Coin Bureau’s CEO and co-founder, Nic Puckrin, brought attention to this inclination in particular. He took note of the premium that GSOL shares trade for compared to SOL’s current pricing. Incredibly, GSOL
The first Japanese stablecoin backed by bank deposits was introduced by Hokkoku, a provincial bank in Japan. This move caused quite a stir. Concerned Japanese crypto aficionados are weighing the benefits and drawbacks of the new development. Furthermore, the stablecoin’s functionality is under scrutiny. The success of their Tochituka app,
In the current volatile cryptocurrency market, Jupiter (JUP) has been making seismic waves, captivating investors with its recent price swings. The year 2024 commenced with a tumultuous journey for JUP, as it soared to an all-time high of $2.00 in January, only to plummet to an unprecedented all-time low of
