Bitcoin Centralization: Two Mining Pools Control 57% of Hashrate
TL;DR Foundry USA and AntPool control 57% of Bitcoin’s hashrate, raising concerns about centralization. The concentration of power in a few pools increases the risk...
Author : Guido Battigelli
Simon’s Cat Enables Crypto Trader to Turn $1.5 Million into $4.5 Million in Just Five Hours
TL;DR A crypto trader turned $1.5 million into $4.5 million in five hours with Simon’s Cat (CAT). He used scripts and bots to buy 318.87...
Stork Network Secures $4 Million to Enhance On-Chain Data Access
TL;DR Stork Network has raised $4 million in a funding round led by Lightspeed Faction. The funds will be allocated to the development of ‘Perps,’...
BlackRock Ethereum ETF Breaks $1 Billion Milestone, Outshines Grayscale
TL;DR BlackRock’s Ethereum ETF, ETHA, surpasses $1 billion in net inflows, setting a U.S. record. ETHA received $26.8 million on August 20, but grows more...
Palau Advances National Payment System with Ripple-Based Stablecoin Project
TL;DR Palau completes Phase 2a of its National Payment Service Project, integrating Ripple-based stablecoins. A regulatory and technological framework was developed to support the stablecoin...
Binance to Support FRONT to SLF Token Swap and Rebranding
TL;DR Binance will support the swap and rebranding of FRONT to SLF, with the delisting of FRONT trading pairs on August 27, 2024. New SLF/BTC,...
IMF Proposes Electricity Tax to Curb Carbon Emissions from Crypto Mining and Data Centers
TL;DR Cryptocurrency mining and data centers account for 2% of global electricity consumption and nearly 1% of carbon emissions. These figures are expected to rise...
Binance Labs Leads $43M Investment in Sahara AI to Boost Decentralized AI
TL;DR Binance Labs led a $43 million investment in Sahara AI, highlighting the growing synergy between artificial intelligence and blockchain technology. Sahara AI, founded in...
Solana DEX Activity Generates $500M in Fees, Sparking Debate Over Network Costs and Efficiency
TL;DR Solana has raised over $500 million in DEX fees, sparking debate about their impact on end users. Pump.fun, with over 48,000 daily users, has...
Bitcoin Suffers Pressure from Whales
TL;DR Whales have liquidated over 10,000 BTC, equivalent to $600 million, creating downward pressure on the market. Bitcoin remains in a consolidation phase around $59,000,...