Author: News Room
As per Coin98’s Ethereum Q1 2024 Financial Report, the blockchain network clocked in a massive surge in income statement metrics. Fees and revenue witnessed a 1.8 times increase quarter-over-quarter (QoQ), while earnings tripled over the same period. This financial momentum is essentially aligned with significant advancements in network and ecosystem metrics. Ethereum’s network recorded over 107 million transactions in Q1, accompanied by the creation of almost 9.7 million new addresses, indicating increasing user activity and adoption. Moreover, ecosystem metrics portrayed a flourishing landscape, with total value locked (TVL) surging over 1.8 times QoQ, coupled with the creation of over 4.8…
Bitcoin (BTC) once again has its sights set on the $70,000 mark after a brief correction that momentarily threatened to push the leading cryptocurrency lower. Despite trading below $70,000, prevailing market sentiment strongly suggests that the overall sector remains in a bull run, with the top crypto poised for another potential record high, particularly in light of the upcoming halving event. As a result, crypto trading expert TradingShot has suggested that Bitcoin, buoyed by the imminent halving, is primed for an unprecedented surge, possibly signaling the onset of its most aggressive bull cycle to date. In a TradingView post on…
The cryptocurrency community is abuzz with anticipation as Ripple CEO Brad Garlinghouse prepares to take the stage at Paris Blockchain Week to discuss what’s to come for Ripple and the direction of XRP Ledger. With Ripple being a prominent player in the blockchain and cryptocurrency space, Garlinghouse’s insights are eagerly awaited by industry participants, investors and enthusiasts alike. Paris Blockchain Week is set to be held in Paris from April 9 to 11, marking the fifth edition of one of Europe’s biggest blockchain events. This year’s roster provides an exciting opportunity for users and developers in the XRP Ledger community…
Finbold asked Claude 3 Opus‘s artificial intelligence (AI) model to build a $100 crypto portfolio with a high risk-reward ratio. So, Anthropic‘s most advanced LLM paid service suggested capital allocation in three cryptocurrencies, and justified its picks. Cryptocurrency investors have been using AI tools to assist with research and building investment strategies since ChatGPT‘s popularization. As technology evolves, new tools offer different experiences and competitive advantages, despite still being failable and having limited data access. For this experiment, Finbold asked for a condensed crypto portfolio considering a low budget of $100 for investment. Additionally, we asked Claude Opus AI to…
The first quarter of 2024 turned out to be Bitcoin’s (BTC) third-best in the past three years, according to a report from crypto data analytics platform Kaiko. It revealed that the leading digital asset recorded over $1.4 trillion in trading volumes between January and March 2024. A Surge in Bitcoin Trading Volume Q1 2024 was Bitcoin’s best quarter in a year as the network witnessed a surge in trading volume. The $1.4 trillion traded in the quarter was the largest cumulative amount the network had seen in more than two years, representing a 107% increase from the $674 billion recorded…
Marathon Wallets worth $1.1 billion Bitcoin were traced recently. These wallets, which summed up to around 23, have generated a revenue of $387.5 million revenue. Noticeably, the immense holdings of Bitcoin in these wallets come right before the anticipated halving. The holdings also come in the backdrop of a rising demand for Bitcoin ETFs. Read the full article here
Following similar moves by other DeFi protocols, Aave (AAVE) could be next to explore the distribution of DAO profits to token holders. In a recent post on X, Marc Zeller, founder of the Aave Chan Initiative, said that Aave may hold a vote on activating a ‘fee switch’ to benefit AAVE token holders next week. “Temp check to activate ‘fee switch’ next week,” said Zeller after highlighting the platform’s financial health. According to Zeller, Ave’s Treasury currently holds $50 million worth of cash equivalents for 2.5 years of operational costs, with net DAO profits at approximately $60 million per year.…
Ubunation, a web3 charity, has partnered with UNDER Lea’s TRUST, a non-profit organization dedicated to enhancing educational access in Kenya, to launch an innovative charitable fundraising campaign where 10,000 NFTs will be auctioned off to support the construction of a primary school in Nairobi. The “ULT Dream Careers Lion Charity Collection Campaign” will offer supporters the opportunity to buy 10,000 unique, limited-edition NFT images of lions, the official animal of Kenya. The campaign not only symbolizes a significant stride towards improving education for underprivileged children but also marks a unique blend of technology and philanthropy. By purchasing one of these…
The SHIB community continues to decrease the circulating Shiba Inu supply by means of daily burns when they transfer millions of meme coins to dead-end cryptocurrency wallets. According to the Shibburn tracker, this time, they have succeeded in destroying more than a dozen million SHIB. Meanwhile, the Shiba Inu price has made yet another attempt to break out. Burn rate shows three-digit spike The popular burn tracker shows that over the last 24 hours, the daily SHIB burn rate made a substantial increase by 162.85%. This rise was reached thanks to 16,210,694 Shiba Inu coins burned in total via nine…
The price of TRON (TRX) recovered from its previous decline until it failed at the $0.144 resistance. Long-term forecast for the TRX price: bearish If the cryptocurrency had broken through the $0.144 resistance, it would have entered the bull market. The positive momentum will continue up to the high of $0.219. TRON is currently trading at $0.110, below the high of $0.144. Since March 19, 2024, the recent dip has held above the $0.110 support level. The bulls bought the dips as the altcoin continued its sideways trend between the $0.110 and $0.124 price levels. TRON will start a new…