Analysts Share Concerns About EIGEN Token Staking
A noteworthy event emerged in the cryptocurrency sector today, drawing attention to the staking dynamics of EigenLayer’s EIGEN token. Renowned analyst Ignas reported that the total staked EIGEN tokens surpass their circulating supply, raising concerns about the attractiveness of staking rewards and creating challenges for altcoin market valuations. How Much EIGEN
If this trend continues, Dogecoin (DOGE) might rise by 200%.
The Dogecoin (DOGE) price has remained in limbo for a while, but the stalemate might be counting down the days until its next major breakout. According to market analyst Ali Martinez, Dogecoin’s history might be about to play out again. What is Dogecoin up to? The digital currency showcases a familiar pattern:
Premier League cryptocurrency sponsorships hit a record high in the face of a gambling sponsor ban.
Crypto companies shelled out a record total of nearly $170 million on sponsorship deals with Premier League clubs for the 2024/2025 season based on data from SportsQuake. According to an Oct. 7 Bloomberg report, sponsorships from crypto firms have come flooding into the pockets of Premiere League clubs. As the League
Telegram introduces a new feature called “Gifts” that integrates NFT
Telegram has launched a “Gifts” feature where users can buy presents for their friends. The gifts look like animated images to which you can add a message and will be displayed on a separate tab in the user’s profile. Recipients can opt to sell their gifts in exchange for virtual money known
Investors Examine Meme Coins to See Potential Profits
Meme coins are assets that enable rapid gains during market upswings, capturing interest from those yet to experience a bull market. The significant surges of popular meme coins in bullish phases have been notable, with Shiba Coin being a prime example in 2021. Meanwhile, PEPE, BONK, and DOGS have emerged as assets that
The 84% decline in Worldcoin illustrates how regulatory scrutiny and subpar tokenomics are killing the project defence.
Launched with great fanfare in mid-2023, Worldcoin (WLD) set out to build a global identity verification system using blockchain technology, led by high-profile tech figure Sam Altman. However, despite the initial excitement, Worldcoin has suffered a dramatic 84% decline in value, dropping from an all-time high of $11.78 in March 2024
Vitalik Buterin Contributes An Additional 100 Ethereum to the Legal Defence of Tornado Cash Developer
Ethereum co-founder Vitalik Buterin has once again shown his support for Tornado Cash developer Roman Storm, donating 100 Ether, around valued at $240,000, to Storm’s legal defense fund. This marks Buterin’s third donation to the fund, which is aimed at helping Storm fight the charges brought against him by U.S. authorities.
Successful Regulated Liability Network Trials Announced by UK Finance
UK Finance, in collaboration with leading tech firms Quant, R3, DXC Technology, and Coadjute, has published a report detailing the success of the Regulated Liability Network’s (RLN) experimentation phase. The project, designed to modernise the UK’s financial system, integrates central bank money, commercial bank money, and electronic money into a
Is There a Local Bottom for Bitcoin? The Views of CryptoQuant Analysts
According to crypto analytics firm CryptoQuant, Bitcoin (BTC) may have reached a local bottom following the significant liquidation of long positions in the futures market. Despite the ongoing downtrend and technical indicators pointing to further declines, reduced selling pressure could suggest the potential for a short-term recovery. Major Liquidation Event Could
Coinbase to Delist Unauthorised Stablecoins in Europe by 2024
Move aims to comply with the EU’s new MiCA regulations. Coinbase has announced plans to delist stablecoins that fail to comply with the European Union’s Markets in Crypto-Assets (MiCA) regulation by the end of 2024. The decision impacts stablecoins operating within the European Economic Area (EEA) and underscores a major
