Bitcoin Hashrate Hits Record High: Impact on BTC Price and Mining
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...
Tag : Crypto
PancakeSwap Burns 9.17 Million CAKE Tokens as Part of Deflationary Strategy
TL;DR PancakeSwap burned 9.17 million CAKE, reducing its supply by $15 million to control its circulation and maintain deflationary pressure. The burn included tokens collected...
Ethereum Layer-1 Revenue Plummets 99% as Layer-2 Solutions Surge
by Fernando
TL;DR Ethereum’s Layer-1 (L1) revenue has dropped by 99% since March 2024. The Dencun upgrade has significantly reduced transaction fees for Layer-2 (L2) solutions. The...
Metaplanet and SBI Group Form Strategic Alliance to Boost Bitcoin Trading and Custody
by Fernando
TL;DR Metaplanet Inc. announces a strategic alliance with SBI VC Trade for the management and custody of Bitcoin. The collaboration seeks to improve tax efficiency...
Elon Musk Confirms Tesla’s Return to Dogecoin Payments,
TL;DR Elon Musk confirms that Tesla will reintroduce Dogecoin ($DOGE) as a payment method for its products, generating excitement in the crypto community. Dogecoin, created...
Kraken Expands Futures Trading with Shiba Inu as New Collateral
by Fernando
TL;DR Kraken adds Shiba Inu (SHIB) as collateral: The platform now allows using SHIB for futures contracts. Available collaterals: In addition to SHIB, Dogewhifhat (WIF)...
Anonymous Investor Withdraws Nearly $500 Million in Bitcoin from Coinbase: Market Speculates on Next Moves
TL;DR An anonymous investor withdrew nearly $500 million in Bitcoin from Coinbase, distributing the funds across 50 transactions of 157 BTC each. There is speculation...
Pantera Capital’s $100 Million Investment in Toncoin: Major Bet Amidst Telegram CEO’s Legal Troubles
by Fernando
TL;DR Pantera Capital invested over $100 million in Toncoin, marking its largest investment to date. Toncoin is integrated into the Telegram app, facilitating transactions within...
Magic Eden Launches ‘Mint Terminal’ to Compete with NFT Giants
TL;DR Magic Eden launched “Mint Terminal,” a minting platform. Designed to compete with other platforms like Pumpfun, offering a faster and more accessible experience for...
Tron Slashes SunPump Gas Fees by 50% to Boost Competitiveness Against Solana
by Fernando
TL;DR Tron reduces gas fees on SunPump by 50% to enhance its competitiveness against Solana. Justin Sun aims to reach 20 million daily transactions within...