Author: News Room

Dogecoin (DOGE), the world’s largest meme token, continued its strong rise, gaining more than 25% last week. At this point DOGE has gained 134% so far since the beginning of 2024. While wondering what the reasons are behind this rise in Dogecoin and whether the rise will continue, on-chain data provider Santiment stated that the strong momentum in Dogecoin is due to strong whale activity. Stating that, according to the data, a significant amount of inactive whales reactivated DOGE assets and put them back into circulation, Santiment said that this activity brought an increase in DOGE. Santiment also noted that…

Gaming has consistently onboarded and engaged more users than other Web3 sectors like DeFi, NFTs, and Decentralized Social Media (DeSoc). By February 2024, gaming dApps contributed 28% of the 6.7 million daily Unique Active Wallets (dUAWs)—a 20% increase from January. —As Web3 games evolve rapidly, the traditional gaming industry could witness lower growth rates between 2024 and 2027. It’s due to market saturation, regulatory tightening, etc. Revenues for leading Web2 game publishers like Tencent and NetEase have declined YoY.The digital gaming industry needs Web3 to reach the projected $282 billion in 2024. Emergent on-chain games will rise to the occasion.…

In a security breach, blockchain forensics firm PeckShield revealed that OpenLeverage, a decentralized exchange (DEX), suffered a hack resulting in a loss of $236,000. This cyber-attack has prompted OpenLeverage to pause its protocol as it embarks on a thorough investigation into the incident. OpenLeverage Falls Victim to Crypto Hackers OpenLeverage disclosed that the exploit predominantly affected its operations on BNB Chain and Arbitrum, with approximately $220,000 and $40,000 lost, respectively. However, the platform reassured its users that it would not compromise personal funds. “The recent exploit caused a loss… [But] thankfully, our in-protocol insurance, OLE buyback fund, and protocol reserves…

As the cryptocurrency community counts down to the 4th Bitcoin halving, expected to take place between April 18 to April 22, Bitcoin.com is launching an exciting new contest to bring attention to and educate about this critical moment in Bitcoin’s history. $1000 giveaway Bitcoin.com is thrilled to announce the Bitcoin Halving Countdown Contest. Anyone who […] Read the full article here

A veteran trader is warning that Ethereum’s (ETH) place as the dominant smart contract platform is not as set in stone as many believe. Pseudonymous trader The Flow Horse tells his 210,000 followers that there’s a possibility that Ethereum is like Compaq Computer Corporation, which was the top dog in its field before eventually fizzling out and being acquired by HP in 2002. He says the scenario of Ethereum succumbing to Solana (SOL) has “definitely grown.” “The possibility of Solana overtaking Ethereum has definitely grown. Current trends and sentiments among ETH’s staunchest supporters suggest an expectation for a natural mean…

Pomp Investments founder Anthony Pompliano says a growing awareness of inflation is pushing more and more Americans to look toward Bitcoin (BTC). In a new discussion on CNBC, Pompliano says BTC’s seven straight green months are likely linked to investors becoming increasingly aware of inflation and the likelihood that it will remain hot as the Federal Reserve potentially moves to looser monetary policy. “We have seven straight months of Bitcoin in the green up to this past month, and so why is it going up? Inflation is coming down year over year but it’s actually going up month after month……

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more ›Connected to AlphaWelcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below.Important: You must lock a minimum of 20,000 ACSIf you don’t have enough, buy ACS on the following exchanges:Connect via Access ProtocolAccess Protocol is a web3 monetization paywall. When users stake ACS, they can access paywalled content. Learn more › Read the full article here

Decentralized exchanges on the Solana blockchain have set a new monthly record for trading volume, surpassing $60.34 billion in March, based on DeFiLlama data.This achievement more than doubles the previous record of nearly $28.14 billion from December 2023 and is the second-highest volume of all blockchains — surpassed only by Ethereum’s $77.55 billion during the month.BSC boasted the third-highest DEX trading volume at $47.81 billion, while the fourth spot went to Arbitrum’s $27.74 billion. Notably, the trading volume on BASE grew almost 7x during the month to $7.8 billion.Memecoin frenzyThe surge in trading volume aligns with a significant interest in…

[PRESS RELEASE – Vancouver, Canada, April 1st, 2024] JYDS emerges as a new memecoin with innovative tokenomics and a fresh perspective in the meme coin market on the Solana blockchain. JunkYard Dogs Sol (JYDS) is gaining traction as a unique memecoin looking looking to capitalize on the burgeoning meme coin market. Through its ongoing presale, which has already raised an 362.5 SOL, JunkYard Dogs Sol is starting to attract attention amidst the shifting landscape of meme coins. Tokenomics Overview and Breakdown: At the core of JunkYard Dogs Sol’s appeal lies its innovative tokenomics, which prioritize decentralization and community-driven growth. Unlike…

Just over three years ago, at the start of the last bull cycle, I spoke with experts in the space to write “The Future of Bitcoin: 12 Scenarios From Bullish to Bearish.” Much has changed since then. The price of bitcoin was around $25,000 when I began my reporting, which then seemed astronomically high. No one had heard of SBF, Bitcoin Ordinals or ChatGPT. No one owned a Bitcoin ETF. So as Bitcoin enters its fourth halving this April, it’s time to refresh and revamp these scenarios, once again ranging from bullish to bearish. And once again we vaguely defined…