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Burn rate of Shiba Inu (SHIB) soars to more than 3000%

12.6.2024
The burn rate of Shiba Inu has surpassed 3000% as of June 12, 2024. The 24-hour duration saw more than 232 million SHIB tokens being incinerated. Shibburn’s data revealed that the burn rate was up by 3010.53% to eliminate 232.64 million tokens. The move positively influences the price of $SHIB...

MEW places itself as a competitor for SHIB and DOGE

12.6.2024
Dubbed as cat in a dog’s world, the MEW token is poised to eventually dethrone the likes of Shiba Inu ($SHIB) and Dogecoin ($DOGE). The Solana cat meme coin has established itself as a competitor based on its characters, supporting characters, and storyline. The community believes that dog-themed...

Mint Blockchain comes out with its much touted Mint Fast bridge

12.6.2024
Mint Blockchain unleashes its much discussed Mint Fast bridge, through which it will be possible for users to shift assets with all beneficial facilities thrown in. These include undisputed acceleration, cost-effectiveness, and all safety aspects intact.  Created for rendering service to lesser...

Vertex goes live on Mantle, boosting DeFi speed and efficiency

12.6.2024
The release of Vertex on Mantle, a layer-two rollup solution for Ethereum, marks a significant advancement in the field of blockchain and decentralized finance. It is anticipated that this integration will result in a positive impact on the DeFi industry by increasing the speed of transactions...

Massive increase in US spot Bitcoin ETF outflow

12.6.2024
The American spot Bitcoin exchange-traded funds scored gross outflows of $200 million yesterday. The new development happens when two key economic events from the US are anticipated: the FOMC conference and the consumer price announcement. There has been a remarkable increase in US Spot Bitcoin...

Astar Network releases dApp Staking v3-compatible Astar Native Ledger app

12.6.2024
The investor community, which is passionate about enjoying Ledger’s security, can choose the Astar Native Ledger App. It will make the experience of using dApps more fruitful and enticing to the large customer base. Astar is a proponent of innovation in the dApp staking space, which makes...

API3’s oracle stack accessible on inEVM connecting dAPIs

12.6.2024
API3’s oracle stack is now accessible on inEVM, with builders gaining from connecting with decentralized data feeds (dAPIs) and the upcoming OEV network. The data feeds are boosted by oracle nodes, run by data suppliers.  Through the introduction of OEV network protocols utilizing decentralized...

BNB rebounds from 2023 lows with record highs

12.6.2024
Within a year of settling with the US Department of Justice, BNB has managed to reach its all-time high. The native token of the Binance exchange recently hit the $700 mark. At the start of the year, Binance was worth $312. The coin rallied to $600 in mid-March, thanks to improving crypto market...

Creo Engine announces a partnership with Wormfare

12.6.2024
Creo Engine has announced a partnership with Wormfare. The goal is to target Web2 and Web3 gaming in order to broaden the audience. Moreover, Creo Engine is onboarding Web2 developers who are looking to make a breakthrough in Web3. Wormfare has been chosen for its capability to revolutionize...

Grayscale Bitcoin ETF witnesses outflow amounting to $121 million

12.6.2024
Grayscale Bitcoin ETF witnesses an outflow of $121 million following a selling exercise of 1,800 BTC. From the time the bitcoin ETF received consent, the selling of assets has reached the figure of 335,000 BTC, whereas, in the case of different suppliers, they are noting down figures about inflows....

Ethereum Funds reach record inflows, highest since March

12.6.2024
Ethereum investment products have received record inflows, with the latest installment being higher than those recorded since March 2024. According to CoinShares’ latest report, these funds have attracted $69 million in the past week. This increase in investment proves that the market...

Artificial Superintelligence Alliance postpones token merger to July

12.6.2024
The Artificial Superintelligence Alliance, which includes SingularityNET, Fetch.ai, and the Ocean Protocol, is currently in the formation of the ASA. It has declared a new date for the ASI token merger. The date has been changed from June 13, 2024, to July 15, 2024, as a result of technological...

iFX EXPO International 2024 is almost here!

12.6.2024
The Online Trading Event of the year in Cyprus is right around the corner! After months of anticipation, the final countdown towards one of the most hyped events of the year, iFX EXPO International 2024, is officially underway in Limassol, Cyprus. This landmark B2B event has established itself...

Ripple CEO unveils RLUSD stablecoin at XRP Ledger Apex Summit

12.6.2024
At the XRP Ledger Apex event, Brad Garlinghouse, the CEO of Ripple, revealed the name of the much-discussed stablecoin. The future digital currency, RLUSD, will introduce a revolutionary change in the Ripple network by providing a safe and stable way of executing trades. This exciting announcement...

Ripple Adds Ethereum Virtual Machine Compatibility to XRP Ledger

12.6.2024
The XRP Ledger (XRPL) will now be compatible with the Ethereum Virtual Machine (EVM) thanks to the launch of the XRPL EVM Sidechain by the Ripple team. This new product will enable EVM compatibility and unlock opportunities for decentralized finance (DeFi) and real-world asset tokenization (RWA)...

Crypto market witnesses 270.4M selloff in the form of liquidations

12.6.2024
Bitcoin, the largest cryptocurrency by market cap, showed a downward trajectory very recently. Ethereum also showed a similar trend, and the selloff resulted in around $270.4 million liquidation. Binance is the top crypto exchange that featured $99.7 million in total liquidations, and the GMCI...

Polygon launches Community grants worth a billion in 10 years

12.6.2024
Over 10 years, the community grants scheme has released 1 billion, and presently, 35 million in MATIC for Polygon and Ethereum projects. All of this is in aid of the developer groups.  The initial season about the scheme will entail the release of 3 million MATIC, with the grants being supervised...

Binance integrates Curve (CRV) on Arbitrum One and Optimism

12.6.2024
The exciting news for the DeFi community is that Binance has easily integrated Curve Finance’s token, CRV, into Arbitrum One and Optimism. This strategic decision is expected to significantly enhance Curve Finance’s liquidity and transactional efficiency for those who employ these...

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