Author: Ava Patel

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Ava Patel

Ava Patel's expertise lies in creating engaging and informative content about the latest trends and opportunities in the crypto space. Her writing is known for its clarity, accuracy, and ability to convey complex concepts in a way that is accessible to both novice and advanced readers.

Articles by Ava Patel

Ethereum Dencun also releases nine Ethereum Improvement Proposals (EIPs)

The Dencun upgrade, the biggest Ethereum update ever is now live on the Ethereum mainnet

1 month ago 1 min read

The Dencun upgrade, the biggest Ethereum update, has been enabled on the Ethereum mainnet. The upgrade uses EIP-4844, also known as Proto-Danksharding, to build a dedicated data channel on Ethereum for layer-2 data, drastically lowering transaction costs on rollups. In addition, Dencun also releases nine Ethereum Improvement Proposals (EIPs), tying it for the most upgrades released in a single hard fork. Following Dencun, the Ethereum foundation team stated that most rollups and their users will notice advantages within hours to days, since the availability of data blobs on Ethereum should reduce transaction costs by 5-10x. This tangible advantage to customers

Shiba Inu (SHIB) meme coin has seen a huge spike in price and burn rate

Shiba Inu surges by over 62% as burn rate increased by over 22,000% in just 24 hours

1 month ago 1 min read

Shiba Inu (SHIB) meme coin has seen a huge spike in price and burn rate, resulting in a devoted group known as the Shiba Army. The jump is linked to over 22,432% increase in the burn rate over 24 hours, which sent 14 billion SHIB tokens to a “dead wallet,” essentially removing them from circulation. Furthermore, this drop in supply is seen as a trigger for long-term price rise, following the economic concept of scarcity driving demand. However, seasoned crypto veterans remain wary owing to the short period and volatility of the cryptocurrency industry. The quick price gain might indicate

Tesla's Bitcoin holdings have seen a significant increase, with Arkham Intelligence revealing a total of 11,509 BTC

Tesla’s surprise Bitcoin boost sparks speculation and future market impacts

2 months ago 1 min read

Tesla’s Bitcoin holdings have seen a significant increase, with Arkham Intelligence revealing a total of 11,509 BTC, surpassing the amount disclosed in their last earnings call. Tesla has also made a fresh purchase of $5.94 million worth of Bitcoin, further fueling speculation and interest in their cryptocurrency strategy. In February 2021, Tesla invested $1.5 billion in Bitcoin and briefly accepted it as a payment method for their electric cars. However, the venture was short-lived as the company sold about 10% of its holdings in March 2021 and offloaded 75% of its Bitcoin stash in the second quarter of 2022 due

Ethereum's total supply declines $250 million in the last week

Ethereum’s total supply declines $250 million in the last week

2 months ago 2 mins read

Ethereum‘s total supply has declined by 32,000 eth in the last week and 66,000 in the last 30 days, totaling more than $250 million. This has resulted in Ethereum exhibiting some momentum, with the ratio gaining on Bitcoin and reaching 0.058 BTC earlier today. Ethereum is still far from its all-time high, but a network upgrade next week will improve scalability for second layers by introducing prunable storage. Developers are considering decreasing issuance by lowering the staking payout to make it less appealing as it approaches 31 million eth locked in validators. The decline in supply occurs as base fees

Cardano (ADA) has seen a significant surge in its market value, adding $2 billion within a 24-hour trading session.

Cardano (ADA) trading volume soars by over 30%, gaining over $2 billion in 24 hours

2 months ago 1 min read

Cardano’s (ADA) market capitalization increased significantly, gaining over $2 billion in value during a 24-hour trading period. Cardano’s market capitalization has risen to $27.68 billion due to an increase accompanied by a 42% surge in trading volume. The network has reinforced its position as one of the leading cryptocurrencies, second only to Dogecoin (DOGE) in terms of returns. Furthermore, the increase has raised the total turnover for spot and derivatives markets to above $3 billion, or 9% of the asset’s whole market value. Currently, Cardano is valued at $0.78 per ADA, its highest price since April 2022. The increased interest

Uniswap's Layer-2 (L2) ecosystem had a record transaction volume of $208.11 billion in February 2024

Uniswap’s L2 transaction volume hits over $200 billion ATH, driving up UNI token price

2 months ago 1 min read

Uniswap’s Layer-2 (L2) ecosystem had a record transaction volume of over $200 billion in February 2024, a notable milestone in the decentralized finance (DeFi) industry. The significant increase in volume, which resulted in a 280% rise from February 2023, demonstrates the increasing acceptance and utilization of decentralized exchanges by cryptocurrency traders and investors. The rise in transaction volume has impacted the price movement of Uniswap’s native token, UNI, resulting in a 15% value appreciation. Yet, the price has decreased, and UNI is now trading at $12.22, showing a slight 5% rise in the past 24 hours. The general sentiment remains

Bitcoin ETFs in the US have set a new trading volume record of over $7.7 billion on February 28

Bitcoin ETFs surge to a record $7.7B in trading, doubling previous highs

2 months ago 1 min read

Bitcoin ETFs in the US have set a new trading volume record of over $7.7 billion on February 28, surpassing the previous record of over $4.65 billion set on their launch day. The ETF that contributed the most is BlackRock’s iShares Bitcoin ETF (IBIT). The ETF contributed 43.5% of the day’s total with $3.35 billion in trades, nearly matched the aggregate trading volume of all ten ETFs from the day before. At the same time, trades totaling $1.44 billion were contributed by Fidelity Wise Origin Bitcoin Fund (FBTC) and $1.86 billion by Grayscale Bitcoin Trust (GBTC), respectively, doubling their prior

BitForex halts withdrawals for 3 days without giving notice

This crypto exchange halts withdrawals for 3 days without giving notice

2 months ago 1 min read

Hong Kong-based crypto exchange BitForex faced scrutiny after the company website went offline after the withdrawal of $57 million from its hot wallets on February 23. The exchange also halted withdrawal for at least 3 days. The incident was first reported by detective ZachXBT on X (formerly Twitter), raising concerns about the exchange’s operations. The BitForex team has not issued any official statements, leaving users seeking answers on X/Telegram. A month before the incident, CEO Jason Luo announced his departure, expressing confidence in the new leadership team’s ability to guide the exchange towards greater horizons. In addition, the sudden withdrawal

Uniswap's Foundation has announced a plan to refresh its governance model

Uniswap’s governance proposal spikes UNI prices by over 60%

2 months ago 1 min read

Uniswap’s Foundation has announced a plan to refresh its governance model, encouraging token owners to participate by offering rewards for token staking and delegation. This initiative aims to improve the fee system of the network, aiming for greater involvement and sustainable growth. Furthermore, the proposal includes introducing new smart contracts for efficient fee collection and sharing, which has garnered widespread community support. Following this, the crypto community reacted positively, with UNI’s price jumping by over 60%. The team says that the foundation’s goal is to develop a resilient governance model, ensuring Uniswap remains a key player in internet liquidity. Additionally,

BlockFi gave major exchange Kraken almost $50 million worth of digital assets

Bankrupt BlockFi moves around $50 million in digital assets

2 months ago 1 min read

According to reports, Bankrupt BlockFi moved almost $50 million worth of digital assets to the crypto exchange Kraken, including a substantial position in Chainlink (LINK). The transfer of around 2.4 million LINK tokens, worth over $48.37 million, has generated debate about the possible future price impact. Bankrupt BlockFi transferred its LINK holdings to Kraken recently, along with tokens like UNI, AVAX, and MATIC, according to on-chain monitor EmberCN. This move is a step in the liquidation process, as the company’s bankruptcy case is still pending. In September 2023, BlockFi received court approval to begin client repayments as part of its

A ban on crypto trading for financial institutions has been implemented in Honduras.

Honduras imposes crypto trading ban to secure financial sector

2 months ago 1 min read

A ban on crypto trading for financial institutions has been implemented in Honduras. The National Banking and Securities Commission (CNBS) declared it. This move seeks to preserve the integrity of the nation’s financial system in contrast to the growing global acceptance of crypto, like the US’s Bitcoin ETFs. The lack of specific laws about crypto in Honduras is the reason behind the CNBS’s decision. When regulations are unclear, customers are vulnerable to fraud and other illicit activities, such as money laundering. The decentralized structure of crypto businesses, which makes it challenging for regional regulators to monitor their operations, has also

One crypto project centered around artificial intelligence (AI) may rise for months

This crypto analyst believes Fetch.ai (FET) may rally much higher from its current value

2 months ago 1 min read

One crypto project centered around artificial intelligence (AI) may rise for months, according to a well-known crypto analyst. On the social media platform X, the anonymous trader Altcoin Sherpa informs his followers that the decentralized AI platform for applications, Fetch.ai (FET), could rise “much higher” than its current value. Based on his chart, the crypto trader says that FET bounced off the upper bound of a previous trading range at $0.55 and that $0.76 is the next significant level of resistance. As of this writing, FET is trading at around $0.70, up 6.7% over the previous day. In addition, the

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