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A recent report from venture capital firm Andreessen Horowitz (also known as a16z) reveals increased interest in cryptocurrencies in battleground states just three weeks before Americans vote in this year's US presidential election. did. According to State of Crypto 2024, the top two swing states, Pennsylvania and Wisconsin, have recorded the highest growth in interest in cryptocurrencies since the 2020 US election. Interest in virtual currencies in major countries According to the report, Pennsylvania has the fourth highest rate of growth in interest in cryptocurrencies at +5.3, followed by Wisconsin in fifth place at +4.7, with both states expected to…
Greece's European Union (EU) harmonized consumer price index ended up being even higher in September than expected on October 1, and further below the euro zone average, according to figures released by Eurostat on Thursday. I went away. Final September inflation data showed Greece's EU harmonized index at 3.1% instead of the originally announced 3%, and for the eurozone at 1.7% instead of 1.8%. After the release of the final data, the difference was 1.4 percentage points (instead of 1.2%), giving Greece the fourth highest inflation rate in the euro area after Belgium (4.3%), the Netherlands (3.3%) and Estonia (3.2%).…
Vitalik Buterin, co-founder of the Ethereum network, outlined some of the most important goals for the future development of blockchain. These goals are aligned to improve the second phase of Ethereum's development roadmap, The Surge, which aims to scale the network using rollups. According to the blog post, Buterin's solution fixes the blockchain trilemma, advances data availability sampling, provides a mature Layer 2 (L2) proof system, scales the execution of the Ethereum Layer 1 (L1) network, and It aims to enhance interoperability between chains. Rollup-centered roadmap The Surge roadmap has already witnessed several successes, including increasing Ethereum L1 data bandwidth…
Ethereum is rebounding from near the critical resistance level at $2,800. Prices are likely to recover, even if the bulls are struggling and have not yet been replaced by determined bears. Nevertheless, before this can happen, ETH will first need to break out of the September and August highs on the back of increased volume. Currently, local support is $2,300. Even amid this weakness, the Ethereum ecosystem is expanding. Now, there are more Layer 2s, and Uniswap's proposal to build Unichain dominates the headlines. Furthermore, approval by BlackRock is a huge plus for smart contract platforms.The second most valuable coin…
Vitalik Buterin said Ethereum should feel like one ecosystem rather than 34 different blockchains. Posted October 17, 2024 at 11:15 PM ET. Ethereum co-founder Vitalik Buterin shared plans to achieve further scaling of the blockchain at both layer 1 and layer 2 levels. on the blog post Buterin outlined the future potential of Ethereum on October 17th, stating that the main goal of the next stage of Ethereum development, Surge, is to maintain decentralization at the base layer while maintaining decentralization at L1 and L2. said that it is to achieve 100,000 transactions per transaction (TPS). . Another goal is…
The European Central Bank (ECB) announced a significant cut in interest rates by 25 basis points to 3.25%. The decision was taken at the ECB's latest Governing Council meeting on Thursday and reflects the ECB's confidence in the ongoing disinflationary trend within the eurozone, AFP's detailed report said. According to EU data agency Eurostat, consumer prices in the region rose 1.7% year-on-year in September, 0.1 percentage points higher than initially expected.The ECB's move follows a similar rate cut last month and signals a strategic approach to managing inflation in response to changing economic conditions. “Further information on inflation indicates that…
According to a report by Blockworks Research, nearly 70% of institutional investors who hold Ethereum (ETH) engage in staking, and 52.6% of them own Liquid Staking Tokens (LST).Almost half of institutional investors staking ETH prefer to use only one integrated platform, such as Coinbase or Binance. Meanwhile, 60.6% of survey participants also use third-party staking platforms.According to the report, one in five institutional investors surveyed had more than 60% of their portfolio allocated to Ethereum or ETH-based LST. The survey includes exchanges, custodians, investment companies, asset managers, wallet providers, and banks.The report found that the main characteristics respondents considered when…
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Solana price momentum is approaching a key resistance level as whale accumulation intensifies. Increased open interest and large liquidations suggest more market volatility ahead for Solana. Solana [SOL] In a surprising move, it overtook Ethereum and took the top spot in seven-day DEX (decentralized exchange) trading volume with $11.8 billion compared to Ethereum's $9.2 billion. The surge has many wondering if Solana is gearing up for a major bull market. Therefore, we need to take a deeper look into Solana's price trends, whale activity, liquidation data, and open interest levels to understand whether this could be a defining moment for…
Bitcoin Given the recent widespread market confidence, we are witnessing a surge in network activity as large investors, also known as whales, have seen a significant spike in trading, hitting new highs. When compared to the trading volume of the past few days, the growth is significant as the price of the crypto asset has started to recover from its lows. Bitcoin whale trading hits record levels According to Bitcoin whale trading into Santiment, a market intelligence and on-chain data platform, has increased significantly over the past day, suggesting it has hit a new high. increased activity From a large…