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Former CFO 0xSifu (sifu.eth) of Frog Nation, who entered a $21 million ETH short position amid the market's uptrend, has begun to unwind his position over the past 24 hours. $21 Million ETH Short Position Slowly Closing 0xSifu, known within the community for his substantial $21 million
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After a prolonged period of dormancy, the once-prominent project Neo has announced plans to embark on a new chapter by developing an Ethereum-compatible sidechain. Neo Announces EVM-Compatible Sidechain According to an announcement posted on X (Twitter), the Neo blockchain project—previously dubbed as "China's Ethereum"—is
DeFi
Overview Orbit is a developer support program that enables the creation of custom layer-3 solutions on Arbitrum, one of the largest layer-2 networks today. Key Points * Orbit Program: Launched earlier this year, Orbit allows developers to create their own layer-2 or layer-3 networks on top of Arbitrum. Previously, these networks
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The token price has surged following Binance Labs' announcement of investment in the SocialFi project CyberConnect. CyberConnect Receives Investment from Binance Labs - CYBER Skyrockets Binance Labs, the $9 billion venture arm of the world's largest crypto exchange Binance, has announced an investment in the Web3 social
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CoinGecko and CoinMarketCap, two of the largest market information aggregators, have removed the BUSD logo, replacing it with a gray placeholder, marking the definitive end for the once-popular stablecoin. CoinGecko and CoinMarketCap Remove BUSD Logo, Once-Prominent Gold Stablecoin Now a Thing of the Past. Image Source: PeckShield Approximately 8 months
DeFi
Overview Arbitrum Foundation announced the integration of Celestia into its Orbit and Nitro toolkits for Data Availability (DA). Key Points * Diversifying Developer Tools: Celestia’s modular mechanism is expected to reduce costs for applications by offering diverse tools for developers. * Celestia’s Expansion: Recently, Celestia Labs introduced Blobstream, which expands
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The total market capitalization of the cryptocurrency market dropped by 10% in Q3/2023, according to a report from CoinGecko. Crypto Market Cap Decreases by 10% in Q3/2023 and Other Notable Aggregates. Image: CoinGecko The overall market capitalization of the cryptocurrency market reached 119 billion USD in Q3/2023,
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As of the morning of October 24, 2023, the world's largest cryptocurrency, Bitcoin, has surged to a price not seen since early May 2022. Bitcoin (BTC) unexpectedly saw a rapid spike of nearly 10%, rising from $31,600 to $34,741 within just one hour. This marks the
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As of now, billionaire Michael Saylor's company, MicroStrategy, holds 158,245 Bitcoins (BTC) after over three years in the market. MicroStrategy's massive Bitcoin investment portfolio has turned profitable after Bitcoin reasserted itself above the $35,000 mark this morning (October 24). Holding Bitcoin has been a
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On October 24, 2023, the cryptocurrency market surged, with Bitcoin reaching $34,700, its highest level since the LUNA - UST crash. Bitcoin's "Uptober" has been a dream month for many, surging over 17% from its October start near $27,000. While the market painted green
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Upbit, the largest cryptocurrency exchange in South Korea, has announced the listing of MINA, causing the coin to surge over 50% in the past 24 hours. According to the latest announcement, Upbit has added MINA to its KRW market, with trading set to commence at 14:00 (Vietnam time) on
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In preparation for the upcoming launch of dYdX Chain, the decentralized exchange (DEX) dYdX has announced the release of its open-source code for version 4 upgrade. dYdX has unveiled the source code for its proprietary blockchain, dYdX Chain. Photo: dYdX According to a release on October 24, the development team
