Base, the Ethereum Layer 2 network incubated by Coinbase, has been making significant strides in the Layer 2 network landscape. Recent data from IntoTheBlock has revealed that Base now has nearly 40% more daily active addresses compared to its competitors Arbitrum and Optimism. This growth signifies Base’s increasing dominance in the Layer 2 space and
Crypto
Recent analysis by Willy Woo has highlighted the bearish trend in Bitcoin inventory on exchanges, attributing it to an influx of around 100,000 BTC from government sales and Mt. Gox distributions. Speculation in the market has led to the creation of paper Bitcoin, referring to derivatives that do not involve direct ownership of the asset.
A new malicious browser extension known as the “Bull Checker” has recently emerged, targeting Solana users on Reddit under the guise of a meme coin tracker. This insidious extension has managed to elude detection systems and has already caused significant financial losses for Solana users by draining their wallets. Reports from Jupiter’s founder, Meow, indicate
In a bold move to set the stage for long-term growth, Tokyo’s Metaplanet investment firm recently announced the acquisition of an additional 57.273 BTC. This significant purchase, valued at approximately 500 million yen or $3.4 million, comes amidst a current market lull. The firm’s strategy, unveiled on August 8, included the acquisition of a 1
The recent choppy consolidation in bitcoin’s price action may have caused concern among many market players, but there is a group of holders who are seizing the opportunity to increase their holdings. Bitcoin whales, specifically those holding between 100 and 1,000 BTC, have been significantly adding to their positions. According to Santiment, these whales have
The United States spot Bitcoin exchange-traded fund (ETF) market experienced a decrease in daily trading volume to $779.87 million on Monday. This decline marks the third lowest trading volume after the records set on February 5th and 6th, which were $649.17 million and $692.11 million, respectively. Despite an inflow of $61.98 million into the spot
The world of cryptocurrency has once again been shaken up by the surge of meme coins, particularly those with cat and dog themes. These meme coins have collectively pushed the sector’s market cap above $40 billion, showcasing the significant influence of these digital assets in the market. Popular cat-themed meme coins like Popcat (POPCAT), Mog
The recently published 2024 Party Platform by the Democratic National Committee has brought some eyebrows and raised concerns within the crypto community. This ninety-two-page document, which outlines the party’s future political priorities leading up to the next election, has completely left out any mention of Bitcoin, crypto, or blockchain technologies. This omission has not gone
Hut 8 Corp. recently revealed its financial results for the second quarter of 2024, and it was not all good news for the leading North American Bitcoin miner. Despite experiencing a notable 72% year-over-year revenue increase to $35.2 million, the company still reported a substantial net loss of $71.9 million. This significant loss was primarily
TeraWulf faced a significant setback in the second quarter of 2024 with a 21% decrease in BTC production compared to the same period in 2023. This decline in production can have serious implications for the company’s revenue and overall performance. It is imperative for TeraWulf to address the reasons behind this decrease and take corrective
