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Ethereum (ETH)

New Money Preparing to Buy the Dip? Tether and Dai Wallet Creations Suggest So

The Tether network quietly achieved a 5-month high in new wallet creation, surpassing 31.3K addresses in a single day, and the highest since March 2024. This surge has coincided with rising network growth in Multi Collateral Dai, indicating a broader trend across stablecoins. According to Santiment’s analysis, 732 new DAI wallets were created, representing the fourth-highest figure since March 2024. Interestingly, the timing of these new wallets, emerging after a market...

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Maker DeFi Protocol Has Now Rebranded To “Sky”

Maker, one of the first and largest DeFi lending protocols on Ethereum, has rebranded to “Sky” following key upgrades to its decentralized stablecoin system. That stablecoin, previously known as DAI, has also rebranded to USDS, and the MKR governance token has been changed to SKY. From MKR to SKY: What’s New? As announced over Twitter on Tuesday, SKY is an “upgraded version” of MKR obtainable by supplying USDS token to the Sky protocol through Sky.money. 1 DAI can be...

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Analyst Says Viral Meme Coin Base Dawgz Could Pump as $3M Presale Concludes Tomorrow

Investors are buzzing as the DAWGZ token prepares for its exchange debut this week. And one analyst has even tipped Base Dawgz (DAWGZ) to pump after it hits the open market. Base Dawgz – The Multi-Chain Meme Coin Taking Crypto By Storm Base Dawgz has had an impressive start to life. This digital dog coin is turning heads with its clever multi-chain strategy, which allows it to operate on Base, Solana, Ethereum, Avalanche, and BNB Chain. It’s like a crypto chameleon – ready...

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Legion Raises $2M for Merit-Based ICO Platform

[PRESS RELEASE – Road Town, British Virgin Islands, August 27th, 2024] Legion plans to become one of the first MiCA-compliant CASPs and bring access to early fundraising and token offerings to non-accredited investors. Today, Legion emerges to mark a new era of merit-based on-chain fundraising. According to the team, Initial Coin Offerings (ICOs) revolutionized how blockchain projects fundraise. They offered equal opportunity to participate in the early stages of new...

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Legion Raises $2M for Merit-Based ICO Platform

Road Town, British Virgin Islands, August 27th, 2024, Chainwire Legion plans to become one of the first MiCA-compliant CASPs and bring access to early fundraising and token offerings to non-accredited investors. Today, Legion emerges to mark a new era of merit-based on-chain fundraising. According to the team, Initial Coin Offerings (ICOs) revolutionized how blockchain projects fundraise. They offered equal opportunity to participate in the early stages of new projects, and as a result,...

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Bitcoin Soars as Fed Rate Cut Speculation Fuels Market Surge

Bitcoin shifts as anticipation of Fed rate cuts fuels market confidence. Ethereum and Solana also rise as the market anticipates Fed policy changes. The potential of Federal Reserve rate cuts has sparked renewed interest in Bitcoin and other risk assets. Historically, low interest rates have benefited Bitcoin by increasing liquidity and promoting investment in high-risk assets. Recent FOMC minutes indicate future policy easing in favor of cryptocurrencies. Bitcoin is currently experiencing...

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