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Solana surpassed Ethereum in daily network fees. According to DefiLlama data, Solana generated more than $2.54 million in fees in the past 24 hours, surpassing Ethereum's $2.07 million as of October 28. This makes Solana the fifth largest blockchain by fee income in the crypto market. Solana's growth is primarily due to the high activity of Raydium, a leading decentralized exchange (DEX). Raydium alone generated $3.41 million in fees in just one day. Solana is often considered an “Ethereum killer” due to its monolithic approach to scaling and ability to maximize transaction throughput while reducing costs without the need for…

Last week, inflows into digital investment products reached a staggering $901 million, with Bitcoin (BTC) and Solana (SOL) leading the charge. A recent report from CoinShares suggests that the hype around digital assets is increasing, as reflected in the influx into crypto investment products. According to the data, these products received a staggering $901 million in inflows last week, bringing year-to-date (year-to-date) inflows to a whopping $27 billion. The inflows recorded so far this year are almost three times the amount recorded throughout 2021. Additionally, month-to-date (MTD) investments were $3.32 billion, making October 2024 the fourth-highest inflow. Bitcoin and Solana…

Widely followed cryptocurrency analyst warns about Bitcoin (BTC), says even if Bitcoin (BTC) surges above psychological levels, we could witness a very bearish scenario is emitting. In a new strategy session on the TechnicalRoundup YouTube channel, crypto analyst DonAlt says that a severe correction after the crypto tycoon breaks above $70,000 will destroy all bullish momentum. According to the strategist, the top crypto asset by market capitalization is bullish on a weekly basis, but things could change quickly if Bitcoin witnesses a false breakout. “We hit a new all-time high at the close last week, but unless Bitcoin falls below…

Feeling of déjà vu with Bitcoin price? BTC last set this recent all-time high last week before rallying again above $69,000 during European trading hours.Bitcoin It crossed the $69,000 mark early on Monday, but has since eased slightly and fallen to its current price of $68,925 as of this writing. It rose 2% on the day, according to CoinGecko data.Looking ahead, traders have a very busy period in terms of macroeconomic factors. This week alone, a new gross domestic product report for the third quarter, consumer spending data (used to track inflation) and a new jobs report on Friday are…

A range of crypto exchange platforms could be granted service licenses in Hong Kong by 2025.Due to increased regulatory scrutiny, some major exchanges have withdrawn their applications.Hong Kong's financial watchdog is poised to add more digital asset exchanges to its regulated roster by the end of the year.This follows a five-month review aimed at tightening oversight of cryptocurrencies in Hong Kong.The Securities and Futures Commission (SFC) has indicated that licensed exchanges can operate under restrictions until they pass third-party review, after which they can move toward full approval.”The applicants are open to our feedback and are willing to commit resources…

Brussels – Much of China in Europe and the Eurozone has become increasingly dependent on Beijing. The European Central Bank analyzes the economic weight of the People's Republic in the world and its influence beyond its borders. Sometimes the results of the analyzes carried out in papers are very clear. The US remains at risk but has reduced its dependence on Asian countries, but the opposite is true for EU countries with a single currency. The euro area's exposure to China is increasing.According to the data available, the ECB said: China's share of euro area imports has increased by 3…

Bitcoin and Solana are outperforming Ether.The two largest cryptocurrencies have historically moved in tandem.I'll explain what's going on.The world's two largest cryptocurrencies typically rise and fall in parallel.However, over the past week, Ether has fallen 7% to $2,525, while Bitcoin has remained relatively flat at $68,957, according to CoinGecko.“ETH has outperformed BTC in the past, but we haven’t seen anything like that this cycle,” said Ben Caselin, chief marketing officer at crypto exchange VALR. DL News.The soaring price of Bitcoin and Solana has been further fueled by the launch of the Spot Bitcoin exchange-traded fund and the ongoing memecoin craze.And…

Economic growth expectations for the coming year remained stable. Inflation expectations in the euro area continued to decline in September, hitting their lowest level in three years. This is evidenced by data from the European Central Bank's monthly survey of 19,000 consumers. Average inflation expectations for the next 12 months fell to 2.4% from 2.7% in August, the lowest level since September 2021. Inflation expectations over the next three years fell 0.2 percentage points to 2.1%, according to the September survey. %, the lowest level since February 2022. The economic growth forecast for the next 12 months was stable at…

A recent study by the Federal Reserve Bank of Minneapolis confuses things by suggesting that Bitcoin could be a thorn in the side of government fiscal policy. Researchers are proposing a bold solution. Either impose high taxes on Bitcoin or ban it completely. They say Bitcoin poses serious challenges for governments, especially those that maintain a “permanent primary deficit,” meaning government spending consistently exceeds revenue without taking into account debt interest payments. Don't miss: In their paper, the researchers argue that because Bitcoin is a decentralized digital currency, it competes with government-issued securities, making it difficult for governments to manage…

In the fast-paced world of cryptocurrencies, some tasks such as calculating margin percentages can be very difficult. Trying to find low-margin trades is even more difficult because it adds stress and leaves room for human error. That's where AI tools step in to make your life easier. Imagine an AI tool that helps you manage your trading decisions while keeping the risk of loss as low as possible. Below, we detail how AI tools can help identify unprofitable trades in unpredictable crypto markets and some of the best tools available.Low margin rate in virtual currency Low margin rates in cryptocurrency…