News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Tokens such as AGIX and FET saw modest bump after Musk announced new Artificial Intelligence (AI) company "xAI" to take on ChatGPT.
The latest price moves in crypto markets in context for July 12, 2023.
The bank lifted its MicroStrategy price target to $510, representing 24% potential upside, the report said.
The dollar value of the unlock amounted to 38% of the cryptocurrency's average 30-day trading volume and had potential to push prices lower, per one analyst.
Crypto traders anticipates a big move in bitcoin as Bollinger bands have tightened to the lowest level since early January.
ARK currently owns 11.03 million shares of Coinbase.
PLUS: Chinese Yuan-backed stablecoins are an impossibility.
Crypto investors now effectively lend $614 million to the U.S. government via different tokenized Treasury products, according to real-world asset data firm RWA.xyz.
While July has historically been one of Bitcoin’s strongest months, the largest crypto by market value’s price has remained range-bound so far this month.
Investors committed nearly 20% of all ETH tokens to lock up in staking contracts, according to blockchain data.
- 16:03Data: In November, the total income of Solana's ecological DApp reached 365 million US dollarsAccording to the latest research report by Syndica, the Solana ecosystem saw significant growth in November, with on-chain revenue reaching $92 million and total DApp revenue hitting a record high of $365 million. Among them, Pump.fun became the first Solana DApp to generate over $100 million in monthly income, accounting for 26% of the total ecosystem revenue. DeFi applications contributed 83.7% of the income, with meme coin applications generating over $500 million in annual income - a 305-fold increase from January's $600 thousand. Telegram trading bot revenues doubled to reach $82 million, maintaining a steady 4-5% share of DEX trading volume. DEX platform Raydium generated an income of $32 million in November, accounting for 86% of spot DEX total revenue and repurchased RAY tokens worth approximately $28 million (about 5.4 million tokens) which were distributed to stakers. Jupiter set a new record high with its perpetual contract business generating an income of $17million; out of this amount,75% was rewarded to JLP liquidity providers. Phantom wallet's annual income reached$91million while Solflare made$31million.The lending platform Kamino Finance hit a new high with earnings up to$2.9million where80% came from its lending business.Payment infrastructure Helio increased its earnings sevenfold reaching$316thousand.
- 15:50MicroStrategy Co-Founder: Will implement new purchase plan if neededOn December 18, MicroStrategy co-founder Michael Saylor stated: If necessary, a new purchase plan will be implemented. He declined to comment on whether he met with the elected President Trump of the United States. If invited, he would consider serving as a member of the advisory committee.
- 15:35Polygon's "1.3 billion dollar stablecoin revenue" proposal is rejected by the communityOn December 18, according to related pages, Polygon community members rejected a preliminary proposal (or pre-PIP) that suggested deploying over $1 billion in stablecoin reserves to generate revenue. The proposal was put forward by Web3 risk provider Allez Labs in collaboration with DeFi protocols Morpho and Yearn, aiming to utilize approximately $1.3 billion DAI, USDC and USDT reserves in the PoS Chain bridge for profit. Polygon stated that community members expressed concerns about security issues and the lack of choice for affected users to join, casting doubt on the feasibility of the proposal. Given the reservations within the community, it seems unlikely that this proposal will pass but this does not prevent Polygon from exploring innovative or even bold ideas in future.
