While Ethereum prices fell over 4% in the last 30 days, ETH holders have pivoted away from Lido Finance into restaking protocols. According to a Dune Analytics dashboard tracking staking activity, Lido Finance had the highest Ethereum (ETH) outflow among similar protocols in the past month. The page created by researcher Hildobby indicated that stakers withdrew over...
The BNB Chain ecosystem team has announced a program to support meme coin developers with a prize pool of up to $1 million. As part of the Meme Innovation campaign, participants must deploy a meme coin on the BNB Smart Chain (BSC) and apply to participate by the end of April 9. The competition will last from April...
According to a new Forbes article, Binance founder Changpeng Zhao has tripled his net worth since 2023. Forbes magazine has published a ranking of the world’s wealthiest and most influential cryptocurrency billionaires, headed by Zhao. Forbes estimated his net worth at $33 billion, more than triple what it was in 2023 at $10.5 billion. Zhao’s stake in Binance is...
Tether recently announced a $100,000 grant to the BTCPay Server Foundation, solidifying its support of the free and open-source software movement. The BTCPay Server Foundation is renowned for its open-source payment processor software, utilized and tailored by numerous merchants and businesses globally to facilitate Bitcoin (BTC) and USDT transactions. The BTCPay Server Foundation is renowned for its...
Bitcoin miners earned over $2 billion in March, reaching a new all-time high. According to The Block analytics, the previous all-time high was reached in May 2021, when miners’ total income amounted to $1.7 billion. Miners’ earnings consist of rewards for mined blocks and transaction fees on the Bitcoin network. Of the total revenue in March, $85.8...
The U.S. government wallet has moved Bitcoins previously confiscated from a well-known darknet platform. According to Blockchair, a wallet belonging to the U.S. government transferred Silk Road’s 30,175 Bitcoins (BTC) to cryptocurrency exchange Coinbase on April 2. Source: Blockchair At the current price of BTC at around $65,000, the cost of the transfer is approximately $2 billion. Blockchain sleuth ZachXBT noted...
Paradigm is looking to raise new funds for crypto investments as venture capitalists flock back to the burgeoning digital asset industry. Crypto investment company Paradigm has plans to raise as much as $850 million for a fresh fund following Bitcoin’s recovery beyond an all-time high and cryptocurrency’s ascent near its 2021 peak, Bloomberg reported on April 2. According to RootData,...
Polygon CEO Marc Boiron ignited a debate against the development of layer-3 networks while millions are made from the Degen Chain. Since its introduction on March 28, the Degen Chain network has quickly become a focal point for speculation, drawing enthusiasts and skeptics alike. Syndicate developed it using Arbitrum Orbit technology, and It serves as a low-cost network...
Traders continue to make big money using meme coins amid the continuous market rally and Bitcoin’s recovery to $70,000. Lookonchain analysts paid attention to a trader who traded 89 meme coins since March 21. Only 26 of them were profitable, with a winning percentage of less than 30%. However, the trader got lucky, making $690,000 on ANIME...
Ethereum co-founder Vitalik Buterin spoke about the next stage of the blockchain roadmap, the Purge. According to Buterin, the roadmap’s new stage aims to simplify the network structure and reduce the load on nodes. Central to developing the protocol at this stage is the implementation and development of EIP-6780, introduced during the recent Dencun hard fork. It...
