Author: News Room
As the Bitcoin (BTC) price managed to hold above $70,000, which is its previous multi-year high from November 2021, the hashrate of the first crypto keeps rocketing. Bitcoin at $70K, hashrate over 700 EH/s: CryptoQuant CEO on “Container with three times more money” Despite Bitcoin’s (BTC) price only slightly exceeding its 2021 high, the aggregated hashrate is 200% larger now. Such an optimistic “imbalance” is noticed by Ki Young Ju, the CEO of leading crypto analytics platform CryptoQuant. #Bitcoin = Money containerHashrate = Container size measureSame price level as the previous ATH, but this container can now store three times…
The decentralized finance (DeFi) sector is witnessing a transformative trend, with liquid restaking tokens (LRTs) reaching a staggering total value locked (TVL) of nearly $8.5 billion. This surge highlights a broader narrative within the DeFi ecosystem, suggesting a shift in investment dynamics. Which Liquid Restaking Protocols Are Contributing to TVL Growth? Leading this charge is EtherFi, which alone commands a TVL exceeding $3.3 billion. Consequently, protocols like Renzo, Kelp, and Puffer are also experiencing unprecedented growth. Etherfi’s dominance, followed closely by Renzo with $2.2 billion and Puffer at $1.3 billion, signifies a robust market appetite for liquid restaking. Moreover, Kelp…
Theta Labs has announced that it is closer to the launch of Theta EdgeCloud. The AI-backed model is in the final stages of completion, after which Theta Labs will announce the launch date. It will empower developers to deploy popular generative AI and large language models. This includes Llama 2 and Stable Diffusion. Also, developers will have the facility to deploy models that they have customized specifically to serve a definite purpose. Key GPU resources, including V100s, NVIDIA A100s, and T4s will power business use cases. Other AI models that will be launched with Theta EdgeCloud are Google Gemma-7B, ControlNet,…
Despite XRP underperforming the broader crypto market, its trajectory over the past year indicates that it remains a more favorable investment option compared to leaving money in a savings account. Over the past day, XRP registered a 1.36% loss. However, this negative growth is not unique to XRP, as many other rivals witnessed a similar percentage decline. Yet, zooming out to a three-month timeframe reveals that XRP has remained stagnant, showing barely 1% growth. Conversely, Bitcoin, Ethereum, BNB, Solana, and Dogecoin have all surged by over 50% within the last 90 days. This lackluster performance form XRP compared to its…
MEXC, one of the world’s largest cryptocurrency exchanges, has announced the listing of the GRAM token from the TON ecosystem. GRAM is often referred to as the “Bitcoin for Telegram” within the community, and its price has skyrocketed by 28,000 times since its launch in January. The spot trading pair GRAM/USDT is now available on MEXC, following rumors of the listing circulating in the project’s Telegram channel. Users have noticed significant transfers of GRAM, with over a million tokens being sent to wallets on MEXC and OKX, another major cryptocurrency exchange. With a daily trading volume exceeding $2 billion and…
Dogecoin’s (DOGE) price is undergoing a major cool-off after printing a bearish close on March 29 on the daily chart. This drawdown comes after the meme coin recorded a massive upsurge of 28% in the trailing seven-day period. At the time of writing, Dogecoin is down by 1.33% in the past 24 hours to $0.211. Though the parabolic 28% surge of the past week has hit a brick wall at this time, the price and network growth trend of DOGE for the better part of the month showcases what to expect in both the short and long term. Dogecoin started…
Permissionless money market protocol OpenLeverage has reportedly incurred a loss of $236,000, allegedly due to a hacker attack funded via Tornado Cash. Decentralized margin trading protocol OpenLeverage has apparently suffered a hacker attack, losing as much as $236,000 worth of crypto as per various estimates. According to CyversAlert, the attacker’s wallet for covering fees was funded by Tornado Cash, an OFAC-sanctioned crypto mixing protocol, although the specifics of the attack remain unclear as of press time. 🚨ALERT🚨Our system has detected a multiple transactions with @OpenLeverage Total loss is around $230K. Attacker has funded by @TornadoCash!Our system has detected the malicious…
The decentralized finance (DeFi) sector is witnessing a transformative trend, with liquid restaking tokens (LRTs) reaching a staggering total value locked (TVL) of nearly $8.5 billion. This surge highlights a broader narrative within the DeFi ecosystem, suggesting a shift in investment dynamics. Which Liquid Restaking Protocols Are Contributing to TVL Growth? Leading this charge is EtherFi, which alone commands a TVL exceeding $3.3 billion. Consequently, protocols like Renzo, Kelp, and Puffer are also experiencing unprecedented growth. Etherfi’s dominance, followed closely by Renzo with $2.2 billion and Puffer at $1.3 billion, signifies a robust market appetite for liquid restaking. Moreover, Kelp…
As bitcoin flirts with the $69,556 mark, its oscillation between $68,900 and $71,391 within the last 24 hours suggests a battleground for bulls and bears alike. Amidst a trading volume of $27.37 billion, the cryptocurrency giant showcases a current market capitalization of $1.36 trillion. Bitcoin Bitcoin’s current trading landscape, through the lens of oscillators and […] Read the full article here
Closely followed trader and economist Alex Krüger says new all-time highs for Bitcoin (BTC) are likely just around the corner. Krüger tells his 169,000 followers on the social media platform X that the daily market structures of several large-cap crypto assets are all clearly bullish. Based on the charts, Krüger says he’s expecting a new all-time high for Bitcoin soon. “Crypto daily charts all very bullish Expecting Bitcoin ATHs (all-time highs) soon.” Zooming in, Krüger has his eye on Core (CORE), a layer-one blockchain that uses a proof-of-work (POW) and proof-of-stake (POS) hybrid consensus mechanism called satoshi plus. Krüger predicts…