Crypto news

Farcaster, an Ethereum Layer 2 Optimism-based decentralized social protocol, has seen its total revenue surge to $600,000. The platform’s rise has been likened to FriendTech, another decentralized social network, which attracted a lot of users initially until it grappled with high fees that led to its failure. Farcaster’s Growth Surges with Frames Integration Farcaster initially caught users’ attention in early December 2023 and saw a modest increase in users paying for...

Bitcoin (BTC) broke a two-year high above $50,000 on Monday – the highest recorded price for the leading digital currency since December 2021. The coin’s surge was accompanied by $191 million in liquidations across the crypto market within the past 24 hours. According to Coinglass, over $36 million in crypto shorts have been liquidated in the past hour alone. Across the day, over 57,000 traders have been liquidated. The largest liquidation, however, was for an ETH-USD swap on...

A trader has recently managed to make a substantial profit of $59,000 in just 11 hours from an initial investment of 1 Ethereum (ETH), valued at $2,500. The trader managed to do this by leveraging the MINER token based on the ERC-404 token standard and using strategic high-gas transactions. The Trader’s Strategy Lookonchain Analytics shared insights into their strategy through a post on X. The trader began by withdrawing 1 ETH from the popular cryptocurrency exchange Binance...

CoinspeakerSolana Mobile Chapter 2 Bags $45M for Development from 100K Pre-orders By offering unique capabilities centered around cryptocurrencies, Solana aims to carve out a niche that sets it apart from traditional smartphone manufacturers. Solana Mobile Chapter 2 Bags $45M for Development from 100K Pre-orders

CoinspeakerDual Sides of Shiba Inu: Market Resilience and Rebranding Challenge Shiba Inu's transition from a meme to utility token via Shibarium, gaining investor interest despite volatility, might signal strong community support and a promising future in the crypto space. Dual Sides of Shiba Inu: Market Resilience and Rebranding Challenge

CoinspeakerFlare Network Introduces FXRP Assets to Enhance XRP Adoption via Web3 Industry The Flare Network has integrated XRP through the LayerCake bridging protocol, thus increasing XRP’s real-world utility amid the mass adoption of digital assets. Flare Network Introduces FXRP Assets to Enhance XRP Adoption via Web3 Industry

CoinspeakerPopular Bitcoin Proponent Gabor Gurbacs Praises Satoshi Nakamoto’s Disappearance  Due to the anonymity of the Bitcoin creator, many people have come forward to claim his fame. However, no one has successfully proved beyond reasonable doubt that they are Nakamoto.  Popular Bitcoin Proponent Gabor Gurbacs Praises Satoshi Nakamoto’s Disappearance 

Still far short of its 2021 peak of almost $69,000, Bitcoin has been steadily climbing higher despite the ETF-induced correction. This week, it surpassed $48,000 and $49,000, a level not seen in nearly two years, with the $50,000 target now in focus. However, data suggest that there’s a crucial hurdle that Bitcoin needs to overcome before eventually claiming the target. According to the popular on-chain intelligence platform Intotheblock, Bitcoin is eyeing the $50,000 mark...

CoinspeakerSpanish City of Torrevieja Adopts Crypto-Friendly Digital Economy With this development, the city joins the ranks of other places around the world that have taken a fiercely pro-crypto stance. Spanish City of Torrevieja Adopts Crypto-Friendly Digital Economy

CoinspeakerWaitlist for Ethereum Validators Longest since October 2023 While the Ethereum staking activity has seen some boost in recent times, the staked Ether's annualized yield remains stagnant even below the 10-year US Treasury note yields. Waitlist for Ethereum Validators Longest since October 2023