Reaching a remarkable milestone to showcase the potential of layer-2 scaling solutions, Arbitrum has reported a staggering $72.8 million in revenue over the last 365 days. This figure underscores the protocol’s significant contribution to the Ethereum ecosystem. It highlights a unique revenue distribution model where $ETH holders, rather than $ARB holders, have reaped the majority […]
Cardano (ADA) Holders Should Note This Crucial Yoroi Wallet Message
There is an ongoing scam in the Cardano ecosystem and Cardano holders are warned to be vigilant and look out for suspicious messages. Cardano Holders on Target Yoroi Wallet, a light wallet on Cardano, took to X to confirm that there have been a few reports about users who lost their ADA to various scams. […]
OpenAI’s Market Position Vulnerable to Intensifying Competition
OpenAI has established itself as an industry pioneer by now. With its latest launch of SORA, the Sam-Altman-backed company has made AI’s exposure even more evident to the common public. However, rising competition in the same industry can challenge the behemoth’s market grasp. A recent Forbes report highlights how decentralized AI projects can potentially perform […]
Top Crypto Gainers of the Week
This analysis highlights cryptocurrencies that have seen major price increases of over 40% in the past week, as reported by CoinMarketCap. These top gainers demonstrate the volatile nature of the cryptocurrency market, with quick price changes happening frequently. Analyzing these top performers gives more understanding of current trends, investor sentiments, and significant developments in blockchain […]
Uniswap (UNI) 76% Mega Rally Might Be Over Amid Likely Team Selloff
It appears that the exciting Uniswap (UNI) rally may be elapsing as some wallets have been seen selling out their holdings. Uniswap Soars With Likely Profit Taking Underway According to data from blockchain analytics firm Lookonchain, a Uniswap team wallet sold off a total of 90,000 UNI tokens for approximately 1.03 million USDC at $11.48 […]
Tech Titans Join OpenAI in $675M Funding for Figure AI’s Humanoid Robotics
Tech giants Amazon, Nvidia, and Microsoft are directing substantial investments into the humanoid robotics venture led by startup Figure AI. The venture, supported by OpenAI and a consortium of investors, is in the process of securing approximately $675 million in funding, pegging the company’s valuation at around $2 billion, as reported by Bloomberg. Amazon’s Jeff […]
Uniswap Technical Analysis Hints the 55% Price Surge is Just the Beginning
Uniswap Price: Amid a sluggish market moment, the Decentralized exchange Uniswap’s governance token (UNI) skyrocketed by 55% on Friday. The massive inflow by investors followed a new proposal by a key Uniswap Foundation leader to upgrade the protocol’s governance system. The sudden upswing challenges a 2-year-long resistance indicating a pivot change in the UNI’s market […]
Crypto VC makes 50% returns as Defi tokens surge
With the Bitcoin price hovering above $50,000, the focus of the crypto community has shifted towards the DeFi sector, which has been witnessing a significant surge, marking an end to the crypto winter. This pivot is largely attributed to the mainstream attention DeFi has garnered amidst the ongoing AI craze. Platforms enabling users to lend, […]
Shibarium Gears Up To Clock 400 Mln Transactions Amid SHEboshi’s First Listing
Shiba Inu’s L2 network, Shibarium, seems to be causing quite a stir in the crypto world. Notably, recent on-chain data reveals a remarkable surge in total transactions within the network, inching closer to 400 million. This surge has piqued the interest of crypto traders and investors alike, especially with the Shiba Inu community announcing a […]
JPMorgan Predicts Bitcoin Halving Already Priced In, Is A Major Correction Ahead?
As the Bitcoin (BTC) price continues to flirt in the range of $50,000-$52,000, investors are eagerly awaiting a rally before the upcoming Bitcoin halving in April 2024. However, banking giant JPMorgan said that the impact of halving is already priced in. Retail Investors Excited for Bitcoin Halving After a brief pause in January, individual investors […]