BNB Chain Introduces BEP 336; Reducing Fees By Up to 90%

BNB Chain Introduces BEP 336; Reducing Fees By Up to 90%

BNB Chain, the world’s largest smart contract blockchain, announced it has successfully activated the BEP 336 Haber Hardfork, introducing blob-carrying transactions. According to the team, this upgrade reduces gas fees by up to 90% and optimizes BNB Chain’s data storage and processing capabilities. Users can now enjoy reduced data availability costs for Layer 2 (L2) solutions on BNB Chain, making transactions more affordable and accessible. The implementation of BEP 336

Ethereum surgs 6.19% to $3,583 after the SEC closed its investigation into ETH

Ethereum surgs 6.19% to $3,583 after the SEC closed its investigation into ETH

Ethereum (ETH) witnessed a modest rebound in the worldwide crypto markets today, as its value surged by 6% to beyond $3,500. This increase came after the U.S. Securities and Exchange Commission (SEC) concluded its investigation into the sale of ETH. Consensys Software, an Ethereum developer, has announced that the SEC’s Enforcement Division will not be taking legal action over the selling of ETH as securities transactions. Despite a substantial surge

Circle CEO says stablecoins will hit 10% of global currency by 2025

Circle (USDC) CEO says stablecoins will hit 10% of global currency by 2025

Jeremy Allaire, the CEO of Circular Internet Financial Ltd. and creator of the USDC stablecoin, recently expressed his positive outlook on crypto, particularly stablecoins. He expressed his continued belief in the positive outlook for the ecology in his extensive piece. Allaire assessed the latest advancements made in the crypto market. During this period, he investigated technological progressions in ecosystems, such as Bitcoin. The founder of Circle observed that stablecoins have

US National Debt Reaches All-Time High of $34 Trillion

US National Debt Reaches All-Time High of $34 Trillion

Just now, the national debt of the United States of America reached a new all-time high of $34.75 trillion. New numbers from the United States Treasury’s Debt to the Penny database indicate that the nation’s outstanding debt increased by $69.41 billion in a single day, which is the new milestone that has been reached during this period. The entire amount of outstanding public debt in the United States is expected

CleanSpark acquires 5 BTC mining facilities in Georgia for $26M

CleanSpark acquires 5 Bitcoin mining facilities in Georgia for $26 million

CleanSpark, a significant participant in the Bitcoin mining sector, has purchased five additional facilities in Georgia, investing over $26 million in these locations. The acquisitions are intended to enhance operational capabilities and enable CleanSpark to achieve a hash rate of 20 exahash per second (EH/s) before the middle of the year. CEO Zach Bradford emphasized the significance of these acquisitions, affirming that they strengthen CleanSpark’s position as a dominant player

This company raises $17 Million to expand crypto restaking services

This company raises $17 Million to expand crypto restaking services

Renzo, a platform for trading liquid derivatives built on the EigenLayer protocol, has successfully raised $17 million in a two-stage financing round. The fundraising was primarily driven by Galaxy Ventures and Brevan Howard Digital Nova. The funds will bolster Renzo’s restaking services, namely by including ERC-20 tokens. Renzo is a platform on the EigenLayer protocol that functions as a liquid derivative. It acts as an interface to EigenLayer and ensures

Analysts are concerned about Robinhood's heavy reliance on Dogecoin trading

Analysts are concerned about Robinhood’s heavy reliance on Dogecoin trading

Robinhood, a renowned platform in the crypto industry, has become well-known for its inclusion of meme coins such as Dogecoin. Nevertheless, analysts are expressing concern because to the substantial amount of Dogecoin that it possesses. Beth Kindig, a researcher at IO Fund, emphasized the significant proportion of Dogecoin held on Robinhood, accounting for 62% of its overall crypto transaction volume. The concentration has had an impact on trading volumes, reflecting

Crypto investments saw $600 million in outflows last week

Crypto investments saw $600 million in outflows last week

The price potential of Bitcoin is limited as investor risk appetite falls. Last week, digital asset investment products saw outflows amounting to $600 million, reaching levels that were last observed on March 22. Analysts attribute this to the unusually assertive position taken by the Federal Open Market Committee (FOMC). The increase in withdrawals occurred after the FOMC meeting, with Bitcoin alone representing $621 million. Ethereum and Ripple, two popular altcoins,

Over $700 million of long positions liquidated in the last 24h

Over $700 million of long positions liquidated in the last 24h as the crypto market dipped

Over the course of the last 24 hours, the crypto market has undergone a huge correction, with Bitcoin falling to its lowest position in more than a month in the process. A wave of liquidations was initiated due to unexpected decline, which resulted in the loss of long positions worth more than $700 million that were held by bullish traders. The value of the most prominent crypto, Bitcoin (BTC), experienced

Cryptocurrency Whales Buy $2,450,000,000 in Ethereum

Crypto Whales Buy $2,450,000,000 in Ethereum

Crypto analyst Ali Martinez has reported that wealthy investors are amassing billions of dollars in Ethereum (ETH) due to its bullish signal on its daily chart. Over the past three weeks, Ethereum whales have purchased over 700,000 ETH, totaling around $2.45 billion. Martinez suggests that the Tom DeMark (TD) Sequential indicator, which identifies probable points of reversal for an asset, indicates a bounce for Ethereum. The TD Sequential has issued

Tether (USDT) to launch a Gold-backed stablecoin with reserves

Tether (USDT) to launch a Gold-backed stablecoin with overcollateralized reserves

Tether, the most valuable stablecoin in terms of market capitalization, is introducing a new digital asset that will be referred to as aUSDT. This asset will be backed by over-collateralized Tether Gold (XAUT). The Alloy by Tether service includes a new category of tethered assets, and this is the first product that comes from that offering. Using stabilization measures such as over-collateralization with liquid assets and liquidity pools in secondary

Binance CEO Richard Teng

Binance CEO says Bitcoin will soar past $80,000 before the year’s end

Binance CEO Richard Teng has recently made forecasts on the crypto market, forecasting that the value of Bitcoin will surpass $80,000 by the end of this year. He has the belief that 2025 will surpass 2024 as a more favorable year for Bitcoin and other digital assets, primarily due to the enhancement of macroeconomic circumstances. Teng is of the opinion that the endorsement of Bitcoin’s exchange-traded funds (ETF) earlier this

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