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Base, the Coinbase-backed Ethereum Layer 2 solution, has overtaken Arbitrum in Total Value Locked (TVL) to become the largest Ethereum Layer 2. This important milestone highlights the growing influence of the Base ecosystem. what you are getting We gained traction thanks to strong support from Coinbase. In contrast, more than 90% of Arbitrum holders remain without money.what is happening @arbitrum 🤔?More than 90% of holders have lost their funds.data: @totheblock https://t.co/pUE0Xl54jD pic.twitter.com/YLUNb81ibv— Champagne Mami💕 (@EkponoAkwaowo) October 15, 2024The main driver of Base's growth is Aerodrome, the dominant decentralized application (dApp) on the network, which currently controls 55% of the ecosystem's…
Crypto asset management giant Grayscale recently announced that it is considering expanding its services to include products based on the popular meme cryptocurrency Dogecoin. In a recent blog post, Grayscale highlighted that Dogecoin is on the company's radar as a potential asset for future investment products. As the king of meme coins, Dogecoin-based crypto products It will be a turning point for the entire meme coin niche. Dogecoin products coming to market soon? This extensive portfolio includes top-tier digital assets Bitcoin, etc. It is the number one cryptocurrency by market capitalization, alongside various innovative and emerging tokens such as Filecoin…
A political action committee supporting former President Donald Trump has collected about $7.5 million in cryptocurrency donations since early June, according to a recent report filed with the Federal Election Commission. The Trump 47 Community Chest Committee received donations in Bitcoin, Ether, and XRP, as well as the stablecoins Tether and USD Coin. The latest application, filed Tuesday, covers donations from July 1 to September 30 and includes cumulative donations. This large crypto donation confirms previous data that shows the industry is betting heavily on Trump with the US presidential election just three weeks away. Strengthening Trump campaign with Bitcoin…
font size European Central Bank policymakers will meet on Thursday to urge policy makers to cut interest rates further as price pressures ease and economic activity in the euro zone weakens. The 26 members of the Executive Board meet in Slovenia for regular visits from the ECB's headquarters in Frankfurt. ECB President Christine Lagarde arrived ahead of her colleagues and was “checking prices” at a market in the capital Ljubljana, she said in a video posted on social media on Tuesday. What she heard from traders may have reassured her. Recent data shows that inflation in the euro area has…
Bitcoin The king of meme coins has put brakes on its rise, dogecoin, It was one of the biggest gainers on Wednesday. cryptocurrencyGain +/-Prices (recorded at 9:30 p.m. EDT)Bitcoin BTC/USD+0.21%$67,611.27Ethereum ETH/USD -0.24%$2,617.40dogecoin doge/usd +7.19%$0.1253 what happened:The world's largest virtual currency In the early morning hours, it rose above $68,000, the highest level since the last week of July. However, the bulls then faced stiff resistance and ended up trading sideways in the high $67,000s. Dogecoin surged more than 7%, becoming the best-performing $1 billion market cap coin in the past 24 hours. “BTC remains resilient above the $65,000 level as…
The EU flag flies in front of the European Central Bank (ECB) headquarters in Frankfurt, Germany, on July 18th. [Photo/Agencies] Economists expect inflation to exceed the European Central Bank's 2% target in the near future, based on research published Wednesday by Germany's Ifo Institute for Economic Research. Economists expect eurozone inflation to reach 2.6% this year, according to a quarterly analysis conducted by Ifo in collaboration with the Swiss Institute for Economic Policy Research. “Inflation is expected to exceed the European Central Bank's 2% target in the medium term,” Ifo researcher Niklas Potrafke said in a statement. “These stagnant inflation…
In a significant development for the crypto market, Ethereum (ETH) has reached a significant milestone with futures open interest hitting an all-time high, raising concerns about potential volatility in the market. The second-largest cryptocurrency has recently shown strength with an 8.8% price jump from October 14th to 15th, but market analysts are seeing warning signals that could indicate an impending correction. We are monitoring it carefully.Record-breaking open interest raises red flagsThe total Ethereum futures market exceeded 5 million ETH for the first time on October 15, reaching an unprecedented level. This represents a 12% month-over-month increase and reflects a similar…
Venture capital firm Andreessen Horowitz (a16z) says in a new report that the decentralized finance ecosystem continues to grow despite recent challenges as overall cryptocurrency usage reaches record levels. mentioned in. In its “State of Cryptocurrency” report released on October 16, a16z noted that the crypto industry has witnessed a significant surge in activity over the past year. The industry's growth trajectory is “reminiscent of early internet adoption.” For example, in September 2024, 220 million addresses interacted with protocols across the blockchain ecosystem. This is more than three times the number recorded in late 2023. Approximately 100 million of these…
Robinhood is expanding its reach into futures markets, adding Bitcoin and Ethereum in addition to oil and the S&P 500 index as part of a broader strategy to attract experienced traders. A Robinhood spokesperson said: decryption On Wednesday, the company announced that futures trading through its trading app is expected to begin “in the coming months.”The offering includes Bitcoin contracts, MicroBitcoin futures, Bitcoin Friday futures, Ethereum futures, and MicroEthereum futures, according to a spokesperson.Micro futures are small contracts designed to make futures trading more accessible to retail and small-scale investors.The announcement was made at Robinhood's first-ever customer conference, HOOD Summit,…
The European Securities and Markets Authority (ESMA) has called on EU lawmakers to tighten cryptocurrency regulations by requiring external cybersecurity audits for companies in the sector, the Financial Times reported on October 16. Ta.The advisory comes as the cryptocurrency industry faces an alarming increase in cyber-attacks, putting consumer protection at risk. This is part of the proposed amendments to the future regulatory regime.Mandatory auditIn its draft amendments to the Cryptocurrency Market Regulation (MiCA), which are expected to come into full force in December 2024, ESMA is advocating for stronger measures to protect crypto platforms.The centerpiece of the proposal is to…