Author: News Room
[PRESS RELEASE – London, UK, April 8th, 2024] StakeLayer, a pioneering Restaking platform operating on Bitcoin L2, has marked a significant milestone by successfully concluding two phases of its Presale, securing over $500,000 in funding. During the Presale, early participants have an opportunity to purchase $STAKE – native token of StakeLayer ecosystem. Holders will be able to use their tokens to potentially get additional rewards from vaults and participate in DeFi activities. StakeLayer’s groundbreaking EigenLayer for Bitcoin introduces a paradigm shift in Bitcoin’s Layer 2 landscape, revolutionizing interactions with the premier cryptocurrency through innovative Restaking capabilities. Token Generation Event is…
The entire cryptocurrency world is preparing for the Bitcoin halving event, which is only a few days away. This significant event, which will take place on April 20 at around 8 pm Turkish time (UTC+3), is a programmed feature of the Bitcoin network and occurs approximately every four years, or every 210,000 blocks. With the halving event, rewards for miners will drop from 6.25 BTC to 3,125 BTC per block. This means miners will receive 50% fewer bitcoins for each block of transactions they mine and add to the blockchain. However, they will continue to earn additional transaction fees for…
Eddy Finance, a pioneering bridge on the Zeta blockchain, has officially announced its integration with the Core Dao Mainnet. This collaboration marks a crucial step forward in the intersection of Bitcoin and DeFi, leveraging the capabilities of a Bitcoin-powered, EVM-compatible blockchain. The integration aims to streamline the integration of Bitcoin into the DeFi ecosystem, offering users enhanced accessibility and utility. Seamless Integration of Bitcoin with DeFi With the integration of Eddy Finance onto the Core Dao Mainnet, users can now experience a seamless connection between the world’s leading cryptocurrency, Bitcoin, and the burgeoning DeFi landscape. Eddy Finance, renowned for its…
Bitcoin-based NodeMonkes is Monday’s top-selling non-fungible token (NFT) collection over the 24 hours to noon ET, despite a 46.88% drop in sales to US$2.01 million, according to CryptoSlam. NodeMonkes cooled down after a hot weekend that included a US$3.78 million Sunday, its best single-day performance since mid-March. Two Solana collections, Froganas and Tensorians took the second and third spots respectively, both recording almost US$1.5 million in sales. Froganas topped the charts last Friday while Tensorians led the market last Wednesday. Ethereum-based CryptoPunks had a 152% increase in sales, reaching US$1.23 million. CryptoPunk 2306, changed hands for 320 ETH, roughly US$1.095…
Witness Chain recently announced that it is enabling DePINs on the Ethereum network. The announcement was made on the official X account of Witness Chain. The string of tweets talked about how Witness Chain is using Polygon Labs and EigenLayer CDK for the development. The blockchain company also named the ventures affiliated with the program over X. Witness Chain’s DCL (DePIN Coordination Layer) is now the very first physical state consensus protocol that can unify a siloed DePIN infrastructure. In the future, DePINs can be used to share value, bootstrap infrastructure, and access better financial tools. With the DCL, the…
Cryptocurrency analysis company Layergg has published the list of altcoins to watch next week. Ethena (ENA) Ethena, a new and serious project, has achieved the highest return among major dApps with $8 million in earnings in the last seven days. The project also accepts BTC collateral, significantly increasing its Total Addressable Market (TAM). However, it is said that the project carries risks similar to Terra (LUNA). Ordi (ORDI) According to the analytics firm, ORDI is seen as the primary memecoin broker showing the effects of the BTC Halving cycle. On April 4, Franklin Templeton wrote a report on ORDI. The…
Ethereum price continues to trade under $3,500, failing to gain despite high anticipation surrounding the Dencun upgrade. Also, ETHBTC just had its lowest weekly close since April 2021. However, legendary trader Peter Brandt known for accurate predictions says the Ethereum price could be in a “bear trap“. Read the full article here
eToro is seeking to be regulated in Singapore and has already submitted an application an application to obtain a license from the Monetary Authority of Singapore (MAS), Finance Magnates has learned. The Israeli broker confirmed that its application with the city-state regulator is “in process.” However, it did not provide any further details on the sought-after license. Although headquartered in Israel, eToro has a global presence. The broker is regulated and registered in some form or another in the United Kingdom, Cyprus, the Netherlands, France, Spain, Italy, Malta, the UAE, Australia, Seychelles, the United States, and Gibraltar. It also received…
Solana is in tough times lately. A lot of people are not feeling too good about it, according to Santiment’s network sentiment indicator, especially since there was a network outage on Feb. 6, which leads to depressing sentiment around the asset. But now, some say that Solana’s price might actually go up because not many people expect it to. When a lot of people think the price of something will go down, sometimes the opposite happens. That’s what some folks think might happen with Solana now. The feeling about Solana is at a low point, which might mean it is…
Ripple (XRP) price has observed consistent declines for the past couple of weeks in terms of price as well as investors’ interest. With April underway, this bearishness was expected to subside; however, that does not seem to be the case. Institutions Divest Ripple XRP price has had a slow recovery, and in part, this is due to the lack of interest from institutional investors. These large wallet holders tend to sway the price of an asset; however, such is not the case with the Ripple token. According to the CoinShares digital asset fund flows report, XRP noted only $0.1 million…