Author: News Room
Ethereum is undergoing its most prolonged inflationary period, with over 350,000 ETH (worth around $1.1 billion) added to its supply since the March Dencun upgrade, according to Ultrasound.money data. Ethereum’s current inflation rate is 0.35%. The increase has brought the total supply to 120.4 million ETH, leaving just under 95,000 ETH to match the levels seen at the Ethereum Merge in Sept. 2022. ETH’s nearly two years of supply reduction have been wiped out in just seven months since EIP-4844, also known as Dencun or Proto-Danksharding. How Dencun altered Ethereum’s supply dynamics The Dencun update introduced significant changes that reduced…
Institutional interest in Solana (SOL) has been increasing recently and this is positively reflected in the price. At this point, analysts say that the Solana rally is just beginning, indicating that it has just begun. Solana (SOL) Could Reach $700! Speaking to DL News, Philippe Bekhazi, CEO of cryptocurrency trading firm XBTO, claimed that Solana could reach $700, driven by ETF expectations and a Trump-driven rally. The famous CEO said that investors will most likely turn to Solana out of fear of missing out, and as a result, the price will rise to $700. “The Solana bull is just getting…
Stuart Alderoty, Ripple’s chief legal officer, has taken to his X account to share an image of an art object. This triggered a wave of comments from an amused XRP community. In this tweet, Ripple’s chief lawyer has made reference not only to the Securities and Exchange Commission and its current boss Gary Gensler but also to crypto billionaire Justin Sun. “Not a Security” art object, trading starts at $5 million Ripple CLO published an image that looks like a parody of Maurizio Cattelan’s iconic work, “Comedian,” which was sold to the Tron founder and crypto billionaire Justin Sun for…
Mythical Games and FIFA have revealed plans for FIFA Rivals, an officially licensed mobile football game. The free-to-play title will launch on iOS and Android in the summer of 2025, though an exact release date remains undisclosed. The game will let players build and manage their own football clubs and compete in real-time online matches. FIFA Rivals Will Integrate NFTs Mythical Games, known for its NFL Rivals mobile game, will also incorporate NFTs into FIFA Rivals. As the studio told BeInCrypto, the game will have its exclusive NFT marketplace. Players will be able to trade their favorite football stars as…
The Australian Treasury has invited public feedback on implementing the Organization for Economic Cooperation and Development (OECD)’s crypto asset reporting model. Tackling Crypto-Linked Tax Evasion The Australian Treasury has invited the public to comment on options for the country’s implementation of the Crypto Asset Reporting Framework (CARF). In a consultation paper released Nov. 21, the […] Read the full article here
TL;DR Shibarium has shown significant growth since its launch, processing millions of transactions and blocks while steadily increasing wallet adoption. The protocol has introduced upgrades for better performance, wallet compatibility, faster processing, and a token-burning mechanism to reduce SHIB supply and potentially increase value. Another Target Reached Shiba Inu’s layer-2 blockchain solution officially went live in August. It plays an important role in the meme coin’s ecosystem since it is designed to reduce transaction fees, improve speed, and enhance scalability. During its relatively short existence, the protocol hit countless milestones. In mid-November, the total number of transactions processed on the network surpassed…
Bitcoin (BTC) is inching closer to the $100K milestone in one of its biggest yearly rallies. This time, many retail investors missed out on the bull run. Retail investors benefitted only partially from the biggest bull run in Bitcoin’s history. As the coin peaked to new highs above $98,500, the rally was led by the influence of whales. Retail holders only partially benefitted from the rally, as the number of small-scale wallets diminished in 2024. The most numerous type of address, holding between $1 and $1,000 of BTC, diminished since the end of August. Those retail addresses reached 44.2M just…
XRP experienced a massive price explosion, soaring past $1.40 shortly after U.S. SEC Chair Gary Gensler confirmed his resignation. In a startling development, Gensler announced he will be stepping down from his role as U.S. SEC Chair on January 20, 2025. This coincides with the date Donald Trump will assume office as the 47th U.S. president. With Trump planning to fire Gensler on the first day of his inauguration, Gensler announced plans to leave the SEC before this could occur. His announcement comes a week after he hinted at his departure plans in a statement characterized as a farewell disclosure.…
Ethereum, the world’s second-largest cryptocurrency, has faced increasing criticism for its underperformance compared to rising rivals such as Bitcoin and Solana. Ethereum has been the subject of social media ridicule as it trades at around $3,300, about 33% below its all-time high of $4,878 reached in November 2021. However, analysts and investors are warning that the largest altcoin could soon emerge from recession, with some predicting it could break a record by reaching $10,000 in 2025. Despite hovering around $3,000 for weeks, Ethereum appears poised for a change. Bitwise’s head of research, Ryan Rasmussen, hinted at renewed institutional interest: “A…
XRP is on the verge of a technical pattern known as a “golden cross” in its Bitcoin (BTC) pairing. This pattern, often seen as a bullish signal, occurs when a short-term moving average crosses above a long-term moving average, indicating potential upward momentum. On the XRP vs. BTC chart, the 50-day SMA has turned up and looks set to move above the 200-day SMA in the coming days. Both moving averages are already converging, suggesting that a golden cross is imminent. For XRP, this could herald further price gains against Bitcoin, especially if the broader cryptocurrency market remains favorable. The…