In recent times, there has been a notable shift in the Layer 2 network arena, with Base, an Ethereum Layer 2 network that originated from Coinbase, experiencing a rapid surge in popularity. Data from IntoTheBlock has revealed that Base now boasts almost 40% more daily active addresses compared to its competitors, Arbitrum and Optimism combined.
Crypto
Bitcoin experienced a significant drop recently, falling from $59,600 to $56,300 before bouncing back. Despite this initial dip, the bulls were quick to react and prevent any further losses. The cryptocurrency then traded sideways around the $60,000 mark over the weekend. However, a retracement on the following Monday drove the price down to $58,000, only
The recent Bitcoin market has seen fluctuations due to various factors, including an influx of around 100,000 BTC from the German and US governments selling and Mt. Gox distributions. This influx has led to speculation and the creation of more paper BTC through derivatives like futures and options. However, the market crash in early August
The recent choppy consolidation in bitcoin’s price action has left many market players uncertain. Despite this, a group of key stakeholders is making significant moves to increase their holdings of the world’s largest crypto asset. Bitcoin whales, specifically those holding between 100 and 1,000 BTC, have been actively accumulating more coins. According to Santiment’s latest
Tokyo’s Metaplanet investment firm made headlines recently with their announcement of the acquisition of an additional 57.273 BTC, valued at approximately 500 million yen or $3.4 million. This move comes amidst a current market lull, signaling the firm’s commitment to long-term growth. This purchase is part of a broader strategy unveiled on August 8, which
The recent emergence of a new malicious browser extension called the “Bull Checker” has raised significant concerns within the Solana community on Reddit. Targeting users under the guise of a meme coin tracker, this extension has managed to avoid detection systems and drain the wallets of unsuspecting Solana users. Reports from Jupiter’s pseudonymous founder, Meow,
The United States spot Bitcoin exchange-traded fund (ETF) market experienced a significant decline in daily trading volume on Monday, reaching only $779.87 million. This decrease marks the third lowest trading volume recorded, following the records set on February 5th and 6th, which were $649.17 million and $692.11 million respectively. Despite this drop, there was an