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Showing posts from September, 2024

Vitalik Buterin's New Metrics: A Game Changer for Ethereum?

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Ethereum might see some big changes soon. Vitalik Buterin, its co-founder, has suggested some new ways to measure how well projects fit with Ethereum’s goals, and we’re excited! These new ETH metrics aim to unite the Ethereum ecosystem, which could solve one of the blockchain’s biggest social issues. Let’s dive right in and explore what Buterin had to say on this topic. Also Read: Shiba Inu: Could FOMO Drive SHIB Coin Toward 90% Rally? Unlocking 100x Returns: Bitgert, POPCat, and Render in the Crypto Boom Source: CryptoSlate Buterin’s Plan for a United Ethereum Buterin wrote about his ideas in a blog post. He wants Ethereum-based projects to follow the network’s main values, which makes perfect sense. The new metrics will check how well projects perform this task. They’ll look at things like following standards and providing the much-needed security. How Projects Will Be Judged The new metrics will look at: If projects follow ERC standards How well they wor...

Telegram Gaming Token Could Surge by Over 40% Based on a Trend Indicator, According to Crypto Analyst

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One indicator suggests that rallies are on the horizon for one Telegram-based gaming token, according to a popular crypto analyst. Ali Martinez tells his 72,600 followers on the social media platform X that Notcoin (NOT) flashed a bullish signal on its Supertrend Indicator, which provides buy and sell signals based on price action and volatility. NOT is a community token for the popular Telegram-based tap-to-earn mining game Notcoin. Says Martinez, “Increased buying pressure could potentially push NOT toward $0.012 to $0.014.” Source: Ali Martinez/X With NOT trading at $0.000976 at time of writing, a jump to $0.014 would represent a gain of more than 40%. The 86th-ranked crypto asset by market cap is already up over 13% in the past 24 hours. Martinez also notes the decentralized finance (DeFi) protocol Maker (MKR) appears to be forming an inverse head and shoulders pattern in the four-hour time frame. An inverse head and shoulders structure is typi...

Coinbase Teases Coinbase Wrapped Bitcoin (cbBTC) Expansion to Ethereum (ETH) Rival Arbitrum (ARB)

Top US-based crypto exchange Coinbase is teasing its new wrapped version of Bitcoin (BTC) to Ethereum (ETH) layer-2 scaling solution Arbitrum (ARB). In a new announcement on the social media platform X, Coinbase Assets tells its audience that Coinbase Wrapped Bitcoin (cbBTC) is “coming soon” to the smart contract platform Arbitrum. Earlier this month, Coinbase announced the launch of cbBTC, a token that would allow holders of the crypto king to access decentralized finance (DeFi) protocols over the Ethereum and Base blockchains. At the time, Coinbase said cbBTC would be compatible with several prominent DeFi platforms, including Aave (AAVE), Curve FInance (CRV), Compound Finance (COMP), Moonwell (WELL), and Maple Finance (MPL). In an accompanying blog post, Coinbase explained how cbBTC would streamline the DeFi experience of BTC holders. “cbBTC removes a key point of friction by allowing customers to use Bitcoin they already hold in new ways on...

WuBlockchain Weekly: China Unveils Massive Stimulus Measures, Harris Integrates Cryptocurrency into Her, etc

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1. Chinese Stock and Bond Markets Surge, CNY Reaches 16-Month High Against the Dollar link On Tuesday, China’s central bank announced its largest stimulus measures since the pandemic began, aiming to lift the economy out of deflation and return to government growth targets. The measures include reducing borrowing costs, injecting more funds into the economy, and alleviating the mortgage repayment burden on households. As a result, Chinese stock and bond markets rose, with Asian stocks hitting a two-and-a-half-year high. Additionally, the renminbi surged to a 16-month high against the US dollar. 2. Harris Commits to Establishing U.S. Dominance in the Blockchain Sector link During a speech at the Pittsburgh Economic Club on Wednesday, U.S. Vice President Kamala Harris stated that under her leadership, the U.S. will “recommit” to maintaining global leadership in defining the next century, emphasizing the need to dominate fields such as artificial intelligence, quantum computing, blockchai...

US SEC Chair Gensler reaffirms Bitcoin (BTC) is not a security under SEC rules

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US SEC Chair Gensler reaffirms Bitcoin (BTC) is not a security under current regulations. SEC plans new regulations for DeFi and trading systems to protect investors. Crypto firms, including Coinbase, push back against expanding regulatory scope. In recent statements, SEC Chairman Gary Gensler has firmly reiterated that Bitcoin is classified as a non-security under existing SEC regulations. His comments came during an interview on CNBC’s “Squawk Box.” Gensler emphasized the importance of regulatory clarity, insisting that while many firms have benefitted from the public’s growing interest in cryptocurrencies, they often resist the regulations designed to ensure market integrity. In the interview, Gensler noted that the SEC’s role is to foster trust in the market, stating, “Innovations do not develop in the long term unless they also build trust.” He referenced the significant losses and bankruptcies that have occurre...

Shiba Inu Price Prediction: SHIB Soars 10% As Team Hints At Stablecoin Launch, But Experts Say This ICO With A 916% APY Is The Best Crypto To Buy Now

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The Shiba Inu price has soared 10% in the last 24 hours to trade at $0.00001637 as of 3:25 a.m. EST on a 117% surge in trading volume to $823 million. The SHIB price pump follows a recent post by Shib’s marketing lead Lucie on X, sharing news about the launch of a new stablecoin. Introduced by the founder in 2021 and named SHI, this stablecoin is an important step for the Shibarium network. Although still in development, it has generated a lot of excitement within the community. The SHI Stablecoin: A Key Development for Stability and Utility in the Shibarium Ecosystem The SHI stablecoin is a crucial development within the Shib ecosystem, currently in the works and not yet released. Its introduction is expected to significantly enhance the Shibarium… pic.twitter.com/UyrJgnYR45 — 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) September 26, 2024 SHI is set to play a vital role in Shibarium’s DeFi applications, supporting lending, borrowing, and ...

Most Searched Cryptocurrencies on GeckoTerminal To Watch – Moonwell, Dogs of Elon, Popcat (Sol), Merlin Chain

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A select group of tokens has emerged as the most searched cryptocurrencies on GeckoTerminal . These tokens are giving substantial returns on investment to investors because of their increased visibility on the platform. This article explores some of these cryptos and highlights the reasons they are currently worth considering. Today’s market dynamics reflect a blend of enthusiasm and high ROI. Sentiment remains notably bullish, with the total trading activities increasing by over 10% in the past 24 hours. Also, the crypto Fear & Greed Index currently stands at over 60, indicating a prevailing sense of “Greed” among investors. Most Searched Cryptos on GeckoTerminal Today Altcoins showing notable upswings on GeckoTerminal include Moonwell, Popcat (Sol), Dogs of Elon, and Merlin Chain. Since its launch, POPCAT (Sol) has experienced explosive growth to reach a $1 billion market cap. Analysts suggest that this growth is an indication of a potential positive price mov...

Commodity Markets: Copper Prices Race Ahead in the Charts

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Copper prices are skyrocketing in the charts after the Federal Reserve announced an interest rate cut of 50 bps last week. The metal rose from $9,200 to $9,600 weekly and is attracting heavy bullish sentiment in the indices. On Wednesday’s opening bell alone, copper prices surged 188 points, rising nearly 2% in the day’s trade. Also Read: US Stock: Nvidia Price Forecast- How High Can It Rise By Sept’ End? Source: Business Insider The dramatic surge has made copper among the top gainers in the broader commodity markets this month. The industrial-grade metal has spiked double digits in 2024, surging 13.3% year-to-date. Investors who entered copper early this year made decent profits in the last nine months. Also Read: BRICS Currency: 40% Could Be Tied to Gold, 60% in Local Currencies What Next For Copper Prices? Source: Shawn Hempel / Adobe Stock The rise in prices came after the demand for the metal stabilized in September. China’s copper consumption by industries usual...

Dogecoin: Can DOGE Reach $100 In The Next 10 Years?

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The first meme coin, Dogecoin (DOGE), was once the most popular asset. Much of its popularity came from consistent endorsements from Elon Musk. Despite this, $1 seemed a massive task for the asset. The highest that DOGE has surged to is $0.7376. While several have been exiting the meme coin market due to its lack of utility, slow price movements, and Musk’s failing effect, others were looking at long-term benefits. Also Read: MEW and Popcat Surge: Meme Coins Defying Market Trends! Dogecoin’s Recent Performance And Market Sentiment Source The past 12 months have been eventful for the meme coin. DOGE has soared by nearly 80% during this time. The asset was trading at $0.1086 at press time, with a 1.43% increase over the past 24 hours. Dogecoin seemed to be performing reasonably well compared to the other assets in the market. DOGE witnessed a 7% spike in the previous week. Market Sentiment Source The market did not seem very confident about DOGE, either. According to data from CoinG...

Top Analyst Sees Solana Killer Sui Soaring to All-Time Highs, Predicts Rallies for Two Memecoins

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A crypto strategist who continues to grow his following with timely altcoin predictions believes layer-1 protocol Sui (SUI) is gearing up to revisit all-time high levels. Pseudonymous analyst Bluntz tells his 275,500 followers on the social media platform X that SUI’s huge rally last week suggests that the Solana (SOL) killer is en route to record-high prices. “SUI weekly absolutely insane, at this rate it’ll hit all-time high before BTC.” Source: Bluntz/X The trader also says he believes “SUI is the next SOL.” Last week, Bluntz said that SUI is in a technical uptrend after printing higher highs and higher lows on the daily chart. “It’s gonna surprise a few people in the next weeks-months, in my opinion.”  Source: Bluntz/X At time of writing, SUI is trading for $1.54. The crypto strategist also has his radar locked on two feline-themed memecoins. According to Bluntz, Popcat (POPCAT) and Simon’s Cat ...