After briefly trailing behind Ethereum (ETH) and Tron (TRX), Solana (SOL) surpassed them in January to become the top blockchain for stablecoin transactions. Artemis data investigation shows that stablecoin transactions on the Solana blockchain reached a whopping $497 billion in January. In the last two months, there has been a
Decentralized platform Abracadabra.money’s stablecoin, MIM, had a precipitous decline to $0.76 after news of a $6.5 million vulnerability. Initial details of the hack were revealed by blockchain security company PeckShield at 11:35 UTC Tuesday. The organization went on to say that the attack was funded using Tornado Cash, a sanctioned
Prominent crypto analyst Rekt Capital issued an upbeat short-term forecast for Solana’s SOL token this week, calling for a “significant surge” toward the $115 level. The prediction comes as Solana prices regain positive momentum after reclaiming former range lows. According to Rekt Capital, Solana continues tracking a predetermined price path
Co-Founder of Ethereum Vitalik Buterin recently explored the dynamics of the crypto industry’s integration with AI. He recently published an analysis that discussed the potential benefits and significant obstacles of using AI in cryptocurrency. Vitalik Buterin simplifies the complex dynamics by classifying the interactions between blockchain and AI into four
The world of memecoins continues to evolve, and investors are eagerly eyeing the potential stars of 2024. Amidst well-established players like Dogecoin and Shiba Inu, new memecoins are gaining attention for their unique features and utility. Let’s delve into five promising memecoins that have captured the interest of traders and
In the dynamic world of cryptocurrency, the emergence of new players often reshuffles the deck of market leaders. Entering January 2024, a new altcoin, Retik Finance (RETIK), priced at just $0.09, has remarkably overtaken established players like Solana and Polygon in terms of gains, capturing the attention and favour of
The Solana price notched an overdue bullish breakthrough this week, cracking a lengthy descending channel that contained its 2023 correction. The technical event is bolstering hopes that SOL’s painful crypto winter may be approaching its end. SOL surged as much as 18% from the low-$80s zone after busting out of
In a recent announcement on the X platform, Lucie, the marketing lead for the Shiba Inu ecosystem, shed light on the vision of the team behind Shibarium, a popular Layer-2 scaling solution. The team aims to onboard 1,000 projects to the L2 network in the future and forge strategic partnerships
Since May 2022, the LUNC burn campaign within the Terra Luna Classic community has surpassed 95 billion LUNC. The community’s efforts to decrease the amount of LUNC circulating have reached another milestone. By far, Binance has contributed more than 51.7% of the total burn, or about 50 billion LUNC. By
With only four days remaining in the month of January, the volume of Ethereum (ETH) options trading across leading crypto derivatives exchanges hit a record high of $17.9 billion. On Friday at 3:00 a.m. ET, almost 932,000 ETH options expired across several centralized derivatives exchanges, based on options data from
