Author: coinadrenaline
Solana’s TVL fell below $10 billion due to the LIBRA rug pull and liquidity outflows Recovery to $10.3 billion still highlighted a nearly 30% decline since mid-January Solana’s [SOL] Total Value Locked recently hit a new low of $9.90 billion, marking an unfortunate milestone for the network. This bout of depreciation, largely attributed to the fallout from the LIBRA rug pull, has fueled concerns over the stability of Solana’s DeFi ecosystem. Although the same has recovered somewhat to hit $10.3 billion, this still represents a nearly 30% drop since mid-January. Needless to say, this has prompted questions about the network’s…
Este artículo también está disponible en español. According to CryptoQuant’s data, the long-awaited altcoin season may have officially arrived. The CEO of the crypto market company, Ki Young Ju, has pointed out a significant surge in altcoin volume on Centralised Exchanges (CEXs). Related Reading CryptoQuant CEO Says Altcoin Season Has Begun Presenting a detailed price chart of the volume ratio of Bitcoin versus altcoins on CEXs, Ju disclosed that altcoins have been seeing significantly higher trading volume than BTC. Unlike previous bull market cycles, Bitcoin Dominance (BTC.D) is no longer the sole factor in determining the start of the altcoin…
In March 2024, the Ethereum network underwent a significant upgrade with the implementation of EIP-4844, an essential part of the Dencun hardfork, aimed at bolstering Ethereum’s role as a data availability layer. This upgrade introduced “blobs” of data, dramatically enhancing the scalability of Layer 2 solutions by increasing data availability by approximately 100 times. As with any major upgrade, it’s crucial to evaluate its impact, understand its implications, and refine our approach moving forward. To that end, we launched a dedicated data collection round, inviting researchers and developers to delve into the empirical impacts of EIP-4844. The response was overwhelming,…
DeSpeed, a decentralized data acceleration network, is excited to announce its strategic partnership with SkyX. SkyX is an AI-driven platform for weather data operating in the DePIN ecosystem. This collaboration aims to reinvent the collection, distribution, and utilization of weather data across reliable industries for accurate forecasting. https://twitter.com/despeednet/status/1893284682411934176 By leveraging decentralized technology, AI, and blockchain, the collaboration aims to transform weather data forecasting. DeSpeed witnesses its alliance with SkyX through its official X account. DeSpeed and SkyX to Enhance Decentralized Weather Tech To improve weather predictability, SkyX utilizes IoT, artificial intelligence, and weather stations powered by blockchain. The platform decentralizes…
Introduction BRC-20 tokens are an experimental and inefficient token standard designed for creating fungible tokens on the Bitcoin blockchain. Inspired by Ethereum’s ERC-20 tokens, BRC-20 tokens leverage the Bitcoin Ordinals protocol to inscribe data onto individual satoshis, making them transferable and tradable. Origins of BRC-20 Tokens The BRC-20 token standard was introduced by a pseudonymous developer named Domo in March 2023. This development came shortly after the launch of the Bitcoin Ordinals protocol in January 2023 by Casey Rodarmor, which allowed users to inscribe data onto individual satoshis, enabling the creation of NFTs on the Bitcoin blockchain. The first BRC-20…
Ethereum’s recent price decline suggests a potential rebound, with technical indicators hinting at oversold conditions. Ethereum’s (ETH) price has dropped to levels that usually signal it might be ready for a rebound, blockchain firm Matrixport says. In a Feb. 11 research note, the analysts pointed out that the Relative Strength Index is now showing signs of oversold conditions, which often point to a potential price recovery. Despite the positive technical signals, the mood around Ethereum remains cautious, to say the least. Short interest in Ethereum has surged by 500% since November 2024. On top of that, just in the past…
A technical analysis indicator suggests the decentralized finance (DeFi) altcoin Maker (MKR) could be poised for a correction, according to a popular crypto analyst. Trader Ali Martinez tells his 128,100 followers on the social media platform X that MKR’s Tom DeMark (TD) sequential indicator flashed a bearish signal on its 12-hour chart. Traders use the TD Sequential Indicator to predict potential trend reversals for tokens based on the closing prices of their 13 previous bars or candles. “Maker MKR could be gearing up for a pullback, as the TD Sequential indicator flashes a sell signal on the 12-hour chart!” Source:…
Robert Kiyosaki warns of an impending economic crash, predicting bitcoin will recover faster than any asset. He urges investors to abandon fiat currency and embrace BTC, gold, and silver. Robert Kiyosaki on the Coming Crash—Says Bitcoin Will Rise Stronger Than Ever Robert Kiyosaki, author of Rich Dad Poor Dad, expressed renewed concerns about a major […]
The SEC’s crypto enforcement program is unraveling, with legal retreats and restructuring. A former SEC official predicts the Ripple appeal is next to be abandoned. SEC’s Ripple Fight Nears Collapse, Former SEC Official Signals the End The U.S. Securities and Exchange Commission (SEC) appears to be unraveling its crypto-enforcement program, with multiple legal retreats and […]
Este artículo también está disponible en español. Bitcoin’s price rally may be under threat as it continues to trade under $100,000. According to analysts at JPMorgan, there’s been a notable decline in institutional interest in the crypto industry, particularly through Bitcoin and Ethereum futures contracts. Institutional Demand Declines, Futures Market Signals Weakness Institutional investors have been a major primer for Bitcoin’s price rallies in the past year and they have been influential in Bitcoin’s break above the $100,000 mark. However, since breaking above this level, the Bitcoin price has failed to push further, which is a sign of a slowdown…