Ethereum (ETH)

The New York-based stablecoin issuer – Paxos – announced a strategic expansion of its stablecoin issuance to the Solana blockchain platform, which was previously exclusive to Ethereum. Paxos said it plans to make USDP available to the public on Solana starting January 17, 2024. This move marks a significant milestone for Paxos in the competitive stablecoin landscape, where rivals such as Circle and Tether are also racing for market dominance. Paxos’ Solana Expansion Paxos...

The EthereumPoW (ETHW) announced its decision to dissolve the organization after in-depth discussions and based on a consensus among the majority, thereby fulfilling the commitments made during the initial fork. According to the official blog post, the entity said the decision aligns with its plans to transition to complete decentralization. EthereumPoW Embraces Autonomy The “unanimous” agreement to dissolve stems from a thorough examination of ETHW’s ability to function...

TLDR: BONK has recently surged, thanks to its listing on Coinbase and the growth of the Solana ecosystem. NuggetRush is another meme coin project that focuses on gaming and charity and has been successful in its ongoing presale. Over the past few years, crypto has been incomplete, with new meme coins rising from obscurity to command hundreds of millions or even billions in market cap. First, it was PEPE in late April 2023. PEPE rose, taking crypto by storm. In Q4 2023, Bonk...

Bitcoin came close to $44,000 hours ago, but it was rejected there and pushed south by about $500. Most altcoins trade quietly on Christmas Eve, but Solana has gone on a tear once again and has definitively surpassed BNB as the fourth-largest cryptocurrency. SOL Becomes 4th It’s safe to say that Solana’s native token has been at the forefront of the recent price rally among the altcoins. The past week alone brought a 55% surge for SOL. On a daily scale, the asset is up by...

Messari’s latest newsletter posits that the industry is witnessing crypto’s adolescence, emphasizing that smart contract blockspace is becoming a commodity. CEO Ryan Selkis acknowledged 2023 as Ethereum’s best year yet, citing its status as the strongest network in terms of community size and revenue generation through fees. However, he suggested that the crypto industry is still in its “adolescence” while asserting that smart contract blockspace is evolving into a commodity,...

TL;DR Delisting on Binance: Binance, a leading cryptocurrency exchange, has planned to remove a certain number of spot trading pairs involving a specific fiat currency. Variable Price Impact: The delisting of trading pairs from major exchanges can have varied effects on the prices of the involved cryptocurrencies. Listings vs. Delistings: Listings can significantly enhance a cryptocurrency’s visibility and demand, while delistings might negatively affect its market...

As Bitcoin maintains its elevated position around $44,000, the options market is showing mixed signals, according to options data tracking website Greeks.Live. Notably, both Bitcoin and Ethereum block trades have witnessed a prevalence of put buying, with a combined value of $100 million. The dominance of put options, amounting to $13 million for BTC and $88 million for ETH, suggests a widespread sentiment among institutional players favoring bearish positions. Of particular...

A recent development has seen a substantial increase in transaction activities on major Ethereum Virtual Machine (EVM) chains. According to Etherscan, a widely used blockchain analytics platform, 95% of these transactions can be attributed to inscriptions. The Ordinals Inscriptions Wave Ordinals inscriptions, which involve embedding unique data in transaction call data to create non-fungible tokens (NFTs) directly on the blockchain, have increased in popularity. This new...

Anyone with the will and the technical ability is free to run their own Ethereum validator and connect to SSV. Ethereum stakers are rapidly warming to Distributed Validator Technology, which is becoming a mainstay of the staking landscape. Following its introduction by SSV.Network, staking operators, and validators have been swift to embrace the technology for the benefits it brings in terms of performance and security. $150M is now staked in SSV either directly or through third-party apps...

Litecoin started a fresh decline from the $75.00 resistance zone against the US Dollar. LTC price is now trading below $71.00 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $71.00 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to move down unless the bulls protect the $68.00 support zone. Litecoin price is struggling below $73.50 against the US Dollar, like...