Coinbase’s Base Surges Ahead: Key Metrics and Outperformance in Ethereum Layer-2
TL;DR Base, Coinbase’s Layer-2 network, has achieved a Total Value Locked (TVL) of $1.426 billion and a stablecoins market capitalization of $3.368 billion. In the...
Tag : Blockchain
Onramper Launches Off-Ramp Service to Simplify Crypto-to-Fiat Conversions
by jose
TL;DR Onramper launches “Offramper”: A new service to help users securely and seamlessly convert cryptocurrency holdings into fiat currency, integrating leading off-ramp providers for global...
Binance Publishes 22nd Proof of Reserves Report: BTC and ETH Down, USDT Up
TL;DR Binance releases its 22nd proof of reserves report, showing the management of user assets as of September 1, 2024. Bitcoin and Ethereum reserves have...
Crypto Whales Scoop Up $227 Million in Bitcoin Amid Market Dip
by Fernando
TL;DR Crypto whales have withdrawn 4,014 BTC from Binance valued at $227.7 million over the past week. An investor withdrew 999.999 BTC, equivalent to $55.09...
ZachXBT Analyzes Block Explorers: The Good, the Okay, and the Worst
TL;DR ZachXBT criticized the quality of several block explorers, noting that many need a complete overhaul. Bitcoin explorers like Blockchair, Mempool, and WalletExplorer were rated...
Coinbase Launches Support for Polygon Rebranded Token POL Amid High Volatility
by Fernando
TL;DR Coinbase has added support for the Polygon Ecosystem Token (POL), formerly known as MATIC. POL will be available on Coinbase with an experimental label,...
ApeCoin Launches BluePrint to Boost Bored Ape Community
TL;DR ApeCoin launches BluePrint, a set of initiatives to boost the Bored Ape community ahead of the ApeChain launch. Integration with Arbitrum Stylus and Reboot...
Bitcoin Hashrate Hits Record High: Impact on BTC Price and Mining
by Fernando
TL;DR Hashrate Record: The Bitcoin network’s hashrate reached a historic high of 742 EH. Increased Production Costs: The total cost to mine one BTC has...
Hypernative Secures 16 Million in Series A Funding to Combat Web3 Hacks
by jose
TL;DR Hypernative Raises $16M: Web3 security firm Hypernative secures $16 million in Series A funding to enhance its hack prevention capabilities. Leading Investors: The funding...
PancakeSwap Burns 9.17 Million CAKE Tokens as Part of Deflationary Strategy
TL;DR PancakeSwap burned 9.17 million CAKE, reducing its supply by $15 million to control its circulation and maintain deflationary pressure. The burn included tokens collected...