Base Network surges to 4M active users amid Onchain Summer campaign, peaking at 858,850 daily addresses on Aug 17, 2024. ENS subdomains enhance digital identity, while a 600 ETH prize pool boosts engagement and developer interest. #crypto #blockchain
? Fabric Cryptography secures $33M in Series A funding to accelerate development of its Verifiable Processing Unit (VPU), aiming for Q4 2024 release. Backed by @BlockchainCapital and @1kxnetwork, the VPU promises enhanced speed and cost-efficiency for cryptographic workloads.
Bitcoin ($BTC) nears post-halving reaccumulation range above $60,700, driven by stock market rallies and ETF flows. Short liquidations and corporate buybacks boost momentum. Crypto analyst Zach Pandl of @Grayscale remains bullish despite mixed trader sentiment pre-2024 elections.
Tether ($USDT) boosts liquidity with $33B issuance on Ethereum and TRON in 2023. Market cap hits $116.93B, holding 69.49% dominance. Strategic reserve replenishment enhances stability and innovation, benefiting the broader crypto community. #Cryptocurrency #Blockchain
VanEck’s Solana ETF remains viable despite regulatory challenges. @MatthewSigel asserts $SOL should be a commodity due to its decentralization, with top 100 holders controlling only 27% of supply and over 1,500 validators across 41 countries.
$ETH correction phase nears end as CryptoQuant analysts report a resurgence in buyer activity. Positive buyer/seller ratio and rising open interest signal potential market recovery, with Ethereum trading around $2650. #Crypto #Ethereum #MarketUpdate
? Babylon launches Bitcoin Staking Mainnet on August 22, 2024, in three phases. Phase One allows staking up to 1000 BTC with no rewards; Phase Two introduces PoS network. 200+ partners, including @Allnodes and @GalaxyDigitalHQ, support the initiative. $BTC
Ripple’s $XRP eyes major rally: Legal win vs. SEC, potential ETF launch, and RLUSD stablecoin integration. Key “golden cross” pattern and rising derivatives interest signal bullish momentum, boosting investor confidence. @Ripple
SEC Chair Gary Gensler allegedly sparked rumors of becoming Treasury Secretary if @KamalaHarris wins in 2024, says @CustodiaBank CEO Caitlin Long. The crypto community remains skeptical, with bipartisan consensus suggesting these rumors lack credibility.
Anonymous trader Phantom exploits memecoin market vulnerabilities on Pump.Fun, making $60K weekly. Using tools like DogWiffTools, Phantom creates fake demand and dumps tokens, with 98.5% of tokens rug-pulled, highlighting systemic issues on the platform. #crypto #memecoins
Elon Musk’s positive reaction to Trump’s cabinet proposal sparks a 6% surge in $DOGE. Musk may join the proposed Department of Government Efficiency (DOGE) if Trump is elected, boosting Dogecoin’s profile significantly.
? Solana ($SOL) users targeted by malicious Chrome extension ‘Bull Checker.’ Discovered by Jupiter platform, it modifies transactions to steal funds. Users should delete immediately to protect assets. Cybersecurity threats in crypto remain high, with $1.9B lost last year.
Bitcoin options block trading shows bearish signals despite $BTC reclaiming $60K. Analysts caution investors as market volatility persists, highlighting potential downward trends.
? Metaplanet Inc. ($TICKER) stock surges 13% after purchasing 57.273 BTC worth $3.39M, boosting total holdings to 360.368 BTC. CEO Simon Gerovich’s Bitcoin strategy fuels investor confidence, leading to a 645% YTD rally. #Bitcoin #Stocks
