Category: Cryptocurrency News

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The article suggests relayers be paid a small fee for their services, possibly by amending the protocol itself. Interested in how viable or desirable this would be. submitted by /u/Loose_Screw_ [link] [comments]

The data reveals two transactions where the exploiter moved 2,500 ETH, each valued at $4 million.

Bitwise stated that this move will enable investors to access CME Ether futures.

Popular crypto YouTuber Jake Gagain recently voiced his opinions on when the bull market would start and how several meme coins are poised to dominate the market when that happens. Specifically, he seemed most bullish on Shiba Inu (SHIB), asserting that SHIB would topple the biggest meme coin by market cap, Dogecoin (DOGE). The #BullRun Has Officially Begun. — JAKE (@JakeGagain) September 27, 2023 DOGE Has Elon, SHIB Has? In response to Gagain’s tweet, another X user laughed at the possibility of this happening and stated that DOGE had Elon Musk likely suggesting that there was no way SHIB could topple the largest meme coin since it had the support of the world’s richest man. Related Reading: JPEX Scam: Hong Kong Cops Nab 4 More People Linked To Crypto Exchange Musk has been known to be a huge admirer of DOGE and has partially contributed to the token’s growth, especially when it soared by 23,000% to hit an all-time high of $0.7 in 2021. It was also recently revealed that besides his vocal support, Musk is invested in the meme coin as he has been “quietly funding” the token’s development.  With this in mind, many believe that there is no way that SHIB could topple DOGE, which happens to be ranked as the eighth largest cryptocurrency by market cap, with SHIB coming far behind at 19th.  However, while it is undoubtedly a huge task, there are signs that SHIB could be massive (and possibly go head-to-head with DOGE) when the bull market returns. The fundamentals behind SHIB are stronger than ever, especially with the rejuvenation of Shibarium following its botched launch and the increased utility the layer-2 network is currently enjoying.  Crypto market cap currently at $1.055 trillion. Chart: TradingView.com Furthermore, SHIB’s burn rate has increased significantly, which could spark a surge in the token’s price as more and more SHIB tokens are cut out of circulation. It is also worth mentioning that SHIB once surpassed DOGE in market cap at some point in 2021, according to data from CoinGeko. Crypto: Pepe In The Mix Meanwhile, Pepe is another meme coin in which Gagain stated that he was bullish and gave four reasons for his stance. The first reason he gave was that major players, including crypto exchanges like Binance, OKX, Crypto.com, and Bybit, form part of the largest holders of the token and noted that these firms are holding their Pepe bags rather than selling.   His second reason was that Pepe survived the saga, which involved three of the project’s developers dumping $15.6 million worth of Pepe on the market. Despite this, the token has risen in market cap since that event, which could likely mean that the token has bottomed out, in Gargain’s opinion. Related Reading: Bitcoin Long-Term Metrics Point To A Different Scenario Than 2019 Fakeout: Top Analyst The third reason is that Pepe is currently listed on over 100 exchanges, including the biggest centralised and decentralised exchanges. This is something which Gargain believes could give the token more visibility and liquidity by extension. Lastly, he noted that Pepe is currently ranked in the top 100 tokens by market cap and, specifically, the third-largest meme coin by market. As such, it is well positioned to surge massively, especially because meme coins will dominate the next bull run.  Featured image from The Mega Maxi

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The Tron (TRX) DeFi ecosystem has experienced a notable surge in activity, signaling a substantial period of growth and development. This expansion isn’t limited to the realm of decentralized finance alone; recent data underscores a correlated upward trajectory within Tron’s TRX token staking ecosystem. This trend suggests that both DeFi and staking on the Tron blockchain are witnessing increased interest and participation from users and investors, thereby fostering a more robust and dynamic Tron ecosystem. But, there’s more interesting side of the narrative that has provided Tron a major lift. In recent days, Tron has observed a notable uptick in its Total Value Locked (TVL) metric, signifying an increase in the value of assets participating in various activities within the Tron ecosystem. Related Reading: CRV Price Surges 16% – What’s The Next Move For Curve DAO Token? Tron TVL Swells To Over $15 Billion At press time, the TVL associated with TRX has surged to an impressive $15.8 billion, reflecting a substantial growth rate of more than 2% within the span of just 24 hours. Hey #TRONICS! Have you checked out @trondao‘s #DeFi? TVL on the #TRONNetwork is $15.3b! 🚀 Let’s dive in and #BUIDL together! 💪 Source👇 https://t.co/YW3opVO3ZO pic.twitter.com/sr2uL66zB6 — TRON DAO (@trondao) September 28, 2023 This noteworthy upswing in TVL underscores a heightened level of engagement and confidence among users and investors in Tron’s blockchain and associated DeFi protocols. Total Value Locked is a crucial metric in DeFi, representing the total value of assets locked within a specific DeFi platform or protocol, typically measured in US dollars. It encompasses assets used as collateral, liquidity in trading pools, staked tokens for rewards, and governance participation. TVL is essential for assessing a DeFi project’s health, security, and attractiveness to users and investors, and it plays a vital role in risk evaluation and competition analysis within the DeFi ecosystem. TRON market cap currently at $7.8 billion. Chart: TradingView.com TRX Sustains 6% Climb In The Last Week At the time of writing, TRX is trading at $0.088, down a measly 0.1%, but notched a decent 6.0% gain in the last seven days. TRX maintained its remarkable rise on Friday due to an increase in demand for the coin. The token reached its highest point at $0.090 since July 22nd. It is one of the top performing major cryptocurrencies of the year, close to its all-time high of $0.094. Related Reading: Maker (MKR) Inks 20% Price Advance, Leads Top 50 Coins Today Tron stands out as the most active cryptocurrency in the industry, boasting stablecoins valued at over $44.5 billion and a user base exceeding 1.47 million, surpassing Ethereum and BNB Chain. The success of Tron is attributed to the strong performance of USDD, a stablecoin launched in 2022, which has maintained its peg through an over-collateralization strategy. The strong crypto market, with Bitcoin reaching $27,000 and XRP rising to $0.052, also helped TRX price surge. Source: TronScan Meanwhile, TRON’s blockchain has seen significant growth recently. The total number of addresses, based on TronScan data, on TRON reached almost 187 million, and the total transactions surpassed $6.4 billion. Additionally, TRON’s staking ecosystem has been thriving, with the staked amount of TRX reaching 46.8 billion, with 23.12% in Stake 2.0 and 76.88% in Stake 1.0. Stake 2.0’s increasing share indicates its rising popularity in the blockchain space. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from iStock

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Indian traders will understand. submitted by /u/Savi321 [link] [comments]