Arbitrum (ARB) Price Tanks 25% But Market Cap Hits New ATH, Here’s Why
CoinGape (RSS)
Ethereum’s Layer-2 scaling solution Arbitrum has been undergoing some major developments recently after the token unlock last Saturday, March 16. The Arbitrum (ARB) price has corrected 25% since then and is currently trading at $1.51.
Arbitrum (ARB) Price and Market Cap Correlation
Arbitrum initiated a “Cliff Unlock” event on March 16, distributing 1.1 billion ARB tokens to investors, team members, and advisors simultaneously. Such an event typically triggers concerns of a market sell-off, causing a notable drop in the native token’s value.
Arbitrum opted for a simultaneous release of all tokens. Of the total, 673.5 million tokens were allocated to advisors and the team, while the remaining 438.25 million tokens were distributed to investors.
On the other hand, Arbitrum’s market cap has surged by ...
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CoinGape (RSS)
Ethereum’s Layer-2 scaling solution Arbitrum has been undergoing some major developments recently after the token unlock last Saturday, March 16. The Arbitrum (ARB) price has corrected 25% since then and is currently trading at $1.51.
Arbitrum (ARB) Price and Market Cap Correlation
Arbitrum initiated a “Cliff Unlock” event on March 16, distributing 1.1 billion ARB tokens to investors, team members, and advisors simultaneously. Such an event typically triggers concerns of a market sell-off, causing a notable drop in the native token’s value.
Arbitrum opted for a simultaneous release of all tokens. Of the total, 673.5 million tokens were allocated to advisors and the team, while the remaining 438.25 million tokens were distributed to investors.
On the other hand, Arbitrum’s market cap has surged by ...
View original post
Bitcoin mining firm Bit Digital reports revenues up nearly 40%
Cointelegraph.com News (RSS)
Bitcoin mining company Bit Digital said that its venture into artificial intelligence had already produced $4 million of revenue in February 2024.
Cointelegraph.com News (RSS)
Bitcoin mining company Bit Digital said that its venture into artificial intelligence had already produced $4 million of revenue in February 2024.
Bitcoin’s Slump Sees Crypto Bulls Staring at $440M in Liquidations
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
Prices could be headed to as low as $55,000 in the coming weeks, one trader said, but the long-term bullish outlook remains intact.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
Prices could be headed to as low as $55,000 in the coming weeks, one trader said, but the long-term bullish outlook remains intact.
World's Largest Pension Fund Seeks Information on Bitcoin Under Portfolio Diversification Plan
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
Japan's state pension fund, GPIF, is seeking information about bitcoin as part of a broader strategy initiated in response to significant economic and societal changes and technological advancements.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
Japan's state pension fund, GPIF, is seeking information about bitcoin as part of a broader strategy initiated in response to significant economic and societal changes and technological advancements.
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My next project. @GiggleAcademy (No logo yet)
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Fidelity incorporates staking in the Ethereum ETF proposal
Cryptopolitan (RSS)
Financial powerhouse Fidelity has made a significant move in the cryptocurrency market, submitting an amended proposal for an Ethereum (ETH) exchange-traded fund (ETF).
The amendment introduces a staking feature to the proposed ETF, allowing investors to stake a portion of the fund’s assets through a trusted staking provider.
Fidelity’s Ethereum ETF proposal echoes Bitcoin’s regulatory path
Drawing parallels with the approval of spot Bitcoin ETFs, Fidelity contends that the high correlation between Ethereum and Bitcoin futures issued by the Chicago Mercantile Exchange (CME) justifies the approval of a similar product for Ethereum.
The company argues that utilizing CME’s surveillance mechanisms for Bitcoin futures could also assist in detecting fraudulent and manipulative practices in Ethereum markets, bolstering the c...
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Cryptopolitan (RSS)
Financial powerhouse Fidelity has made a significant move in the cryptocurrency market, submitting an amended proposal for an Ethereum (ETH) exchange-traded fund (ETF).
The amendment introduces a staking feature to the proposed ETF, allowing investors to stake a portion of the fund’s assets through a trusted staking provider.
Fidelity’s Ethereum ETF proposal echoes Bitcoin’s regulatory path
Drawing parallels with the approval of spot Bitcoin ETFs, Fidelity contends that the high correlation between Ethereum and Bitcoin futures issued by the Chicago Mercantile Exchange (CME) justifies the approval of a similar product for Ethereum.
The company argues that utilizing CME’s surveillance mechanisms for Bitcoin futures could also assist in detecting fraudulent and manipulative practices in Ethereum markets, bolstering the c...
View original post
Tech CEO Clarifies Chief Scientist’s Absence Amid Speculation
Cryptopolitan (RSS)
In a recent appearance on the Lex Fridman Podcast, OpenAI CEO Sam Altman provided insights into the situation surrounding the absence of the company’s chief scientist, Ilya Sutskever. Speculations had arisen following Sutskever’s involvement in an “ill-fated palace coup” in November, prompting questions about his whereabouts and his alleged encounter with artificial general intelligence (AGI).
Altman dismisses hostage speculations
During the podcast, Fridman humorously inquired whether Sutskever was “being held hostage in a secret nuclear facility,” to which Altman promptly dismissed the notion. Altman and Fridman chuckled over the notion, acknowledging its prevalence as a meme on social media platforms.
Despite the turbulence in OpenAI’s leadership dynamics, Altman expressed his fondness and respect for Sutskever, ...
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Cryptopolitan (RSS)
In a recent appearance on the Lex Fridman Podcast, OpenAI CEO Sam Altman provided insights into the situation surrounding the absence of the company’s chief scientist, Ilya Sutskever. Speculations had arisen following Sutskever’s involvement in an “ill-fated palace coup” in November, prompting questions about his whereabouts and his alleged encounter with artificial general intelligence (AGI).
Altman dismisses hostage speculations
During the podcast, Fridman humorously inquired whether Sutskever was “being held hostage in a secret nuclear facility,” to which Altman promptly dismissed the notion. Altman and Fridman chuckled over the notion, acknowledging its prevalence as a meme on social media platforms.
Despite the turbulence in OpenAI’s leadership dynamics, Altman expressed his fondness and respect for Sutskever, ...
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WRX Price Prediction 2024-2033: Will WazirX Recover Soon?
Cryptopolitan (RSS)
WRX Price Prediction 2024-2033
— WRX Price Prediction 2024 up to $0.48
— WRX Price Prediction 2027 up to $0.89
— WRX Price Prediction 2030 up to $2.56
— WRX Price Prediction 2033 up to $7.76
How much is WRX worth?
The current price of WazirX (WRX) is $0.25, accompanied by a 24-hour trading volume of $1.1 million. The market capitalization stands at $50.9 million, and WazirX holds a market dominance of 0.00%. Over the past 24 hours, the WRX price has witnessed a 13% decrease. Currently, there are 381.86 million WRX tokens in circulation out of a maximum supply of 962.65 million WRX tokens. WazirX holds the 20th position in the Exchange Tokens sector and the 11th position in the ...
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Cryptopolitan (RSS)
WRX Price Prediction 2024-2033
— WRX Price Prediction 2024 up to $0.48
— WRX Price Prediction 2027 up to $0.89
— WRX Price Prediction 2030 up to $2.56
— WRX Price Prediction 2033 up to $7.76
How much is WRX worth?
The current price of WazirX (WRX) is $0.25, accompanied by a 24-hour trading volume of $1.1 million. The market capitalization stands at $50.9 million, and WazirX holds a market dominance of 0.00%. Over the past 24 hours, the WRX price has witnessed a 13% decrease. Currently, there are 381.86 million WRX tokens in circulation out of a maximum supply of 962.65 million WRX tokens. WazirX holds the 20th position in the Exchange Tokens sector and the 11th position in the ...
View original post
Top 10 Solana Memecoins For 2024
CoinGape (RSS)
With memecoins getting wildly popular, the Solana ecosystem is now the home of tons of memecoins. With huge potential, these Solana memecoins are the best option for investors with big risk appetite.
But which Solana memecoins should we pick for investment? Here is a complete guide on the top 10 Solana meme coins that deserve your attention:
The post Top 10 Solana Memecoins For 2024 appeared first on CoinGape.
CoinGape (RSS)
With memecoins getting wildly popular, the Solana ecosystem is now the home of tons of memecoins. With huge potential, these Solana memecoins are the best option for investors with big risk appetite.
But which Solana memecoins should we pick for investment? Here is a complete guide on the top 10 Solana meme coins that deserve your attention:
The post Top 10 Solana Memecoins For 2024 appeared first on CoinGape.
Arbitrum Price: Why is ARB Price Falling?
CoinGape (RSS)
Recently, Offchain Labs has effectively implemented the Atlas upgrade in the Arbitrum ecosystem to reduce transaction fees for Arbitrum network users. This was achieved by implementing blobs, a new transaction type introduced in the recent Dencun upgrade. Despite this network improvement, Arbitrum (ARB) has been painting its performance chart red because of its declining value. The token has experienced a drop in its price by 24.4% over the past 30 days and 24.6% in the last 7days. Amid the crypto market turbulence, let’s find out exactly the cause of this bearish trend for Arbitrum price.
Arbitrum Price Market Performance
Arbitrum’s price dropped by 9.14% to $1.54 today. However, there has been a significant amount of trading activity for the token. In the ...
View original post
CoinGape (RSS)
Recently, Offchain Labs has effectively implemented the Atlas upgrade in the Arbitrum ecosystem to reduce transaction fees for Arbitrum network users. This was achieved by implementing blobs, a new transaction type introduced in the recent Dencun upgrade. Despite this network improvement, Arbitrum (ARB) has been painting its performance chart red because of its declining value. The token has experienced a drop in its price by 24.4% over the past 30 days and 24.6% in the last 7days. Amid the crypto market turbulence, let’s find out exactly the cause of this bearish trend for Arbitrum price.
Arbitrum Price Market Performance
Arbitrum’s price dropped by 9.14% to $1.54 today. However, there has been a significant amount of trading activity for the token. In the ...
View original post
Bitcoin Crash: Why Is BTC Price Falling Today?
CoinGape (RSS)
The recent Bitcoin crash has sent shockwaves through the crypto market, prompting discussions about the underlying causes of this downturn. With BTC prices plummeting nearly 7% today, investors are left searching for potential reasons amid the volatility.
So, let’s delve into the various factors that might have triggered the sell-off and contributed to the current state of the crypto landscape.
Key Reasons Behind Bitcoin Crash
There could be a flurry of factors that may have triggered the Bitcoin crash today, dampening the investors’ sentiment. Some of the prominent reasons are-
Muted Trading Ahead Of FOMC
The market seems to have remained subdued ahead of the Federal Open Market Committee (FOMC) decision, with investors exercising caution. The recent higher-than-expected inflation data, including the U.S. Consumer Price Inde...
View original post
CoinGape (RSS)
The recent Bitcoin crash has sent shockwaves through the crypto market, prompting discussions about the underlying causes of this downturn. With BTC prices plummeting nearly 7% today, investors are left searching for potential reasons amid the volatility.
So, let’s delve into the various factors that might have triggered the sell-off and contributed to the current state of the crypto landscape.
Key Reasons Behind Bitcoin Crash
There could be a flurry of factors that may have triggered the Bitcoin crash today, dampening the investors’ sentiment. Some of the prominent reasons are-
Muted Trading Ahead Of FOMC
The market seems to have remained subdued ahead of the Federal Open Market Committee (FOMC) decision, with investors exercising caution. The recent higher-than-expected inflation data, including the U.S. Consumer Price Inde...
View original post