🚀 Solana Daily Active Addresses Reach Record High
#Solana #DailyActiveAddresses #Blockchain #RecordHigh #Ethereum #Layer2 #Crypto #SOL
According to Odaily, the number of daily active addresses on the Solana blockchain has recently surpassed 5.5 million, setting a new historical record. This figure significantly exceeds that of all competitors and places Solana ahead of Ethereum Layer 2 solutions. The daily active addresses on Solana account for approximately half of the total active addresses across major networks, which is around 11 million.#Solana #DailyActiveAddresses #Blockchain #RecordHigh #Ethereum #Layer2 #Crypto #SOL
🚀 Reforge Plans To Raise $80 Million For Crypto Venture Fund
#Reforge #CryptoVentureFund #Blockchain #Investment #Startups #ArtificialIntelligence #DecentralizedComputing #TokenLaunch #CapitalAllocators
According to BlockBeats, Reforge, a crypto venture fund, is planning to raise $80 million and has already secured $25 million. The fund was co-founded by Alexander Lin and Carl Hua, both of whom previously held senior positions at Shima Capital before leaving in January to establish Reforge. Their goal is to develop technology that makes blockchain more accessible to founders and developers.
Alexander Lin, co-founder of Reforge, highlighted that the pressure from capital allocators to quickly launch tokens for returns is a significant issue. He also criticized the overinvestment in startups that intersect cryptocurrency and artificial intelligence, questioning the feasibility of decentralized computing networks meeting the power demands of AI tools.#Reforge #CryptoVentureFund #Blockchain #Investment #Startups #ArtificialIntelligence #DecentralizedComputing #TokenLaunch #CapitalAllocators
🚀 Render Network Transfers 75 Million RNDR Tokens Worth $386 Million
#RenderNetwork #RNDR #tokentransfer #cryptocurrency #WormholeBridge #blockchain
According to Odaily, Render Network (0xb6e3) has transferred 75 million RNDR tokens, valued at $386 million, to an address starting with 0xe0ba. Following this, the tokens were moved to the Wormhole Bridge (0x3ee1).#RenderNetwork #RNDR #tokentransfer #cryptocurrency #WormholeBridge #blockchain
🚀 Vitalik Buterin Praises ENS, Predicts Further Improvements
#VitalikButerin #ENS #Ethereum #Blockchain #Crypto
According to BlockBeats, on September 12, Ethereum co-founder Vitalik Buterin expressed his admiration for the Ethereum Name Service (ENS) on social media. Buterin stated that ENS is excellent and will continue to improve.#VitalikButerin #ENS #Ethereum #Blockchain #Crypto
🚀 Blackstone CFO Optimistic About US Economic Soft Landing
#Blackstone #CFO #USEconomy #SoftLanding #Inflation #LaborMarket #WageGrowth #ProfitMargins
According to BlockBeats, on September 12, Blackstone Group's Chief Financial Officer Michael Chae expressed cautious optimism regarding a soft landing for the U.S. economy. This indicates that the alternative asset management firm is betting that the Federal Reserve's efforts to curb inflation will not lead to an economic recession in the United States.
Blackstone's proprietary inflation measure shows that U.S. inflation has reached 1.7%. This measure excludes housing costs and incorporates other relevant indicators. Chae noted that this would help the U.S. achieve the Federal Reserve's inflation target.
Chae also mentioned that data collected from Blackstone, the world's largest alternative asset management company, indicates a softening labor market. In a survey conducted in June, CEOs of Blackstone's portfolio companies predicted a slowdown in wage growth for the coming year. While revenue growth across Blackstone's global portfolio is decelerating, these companies have demonstrated resilient profit margins.#Blackstone #CFO #USEconomy #SoftLanding #Inflation #LaborMarket #WageGrowth #ProfitMargins
🚀 Eigenlayer Launches Babylon Re-Staking Protocol Bedrock Asset uniBTC
#Eigenlayer #Babylon #ReStaking #Bedrock #uniBTC #DeFi #Ethereum #BNB #Optimism #Uniswap #Pendle #SatLayer #TotalValueLocked
According to Foresight News, Eigenlayer has introduced the Babylon re-staking protocol Bedrock asset uniBTC. Holders of uniBTC will be eligible to receive Babylon points, Bedrock diamonds, and Eigenlayer incentives.
As Babylon Cap2 approaches, the Bedrock ecosystem is rapidly expanding and now supports nine public chains, including Ethereum, BNB, and Optimism. uniBTC has been integrated into several DeFi protocols such as Uniswap, Pendle, and SatLayer. On-chain data indicates that the total value locked in uniBTC has surpassed 516 BTC.#Eigenlayer #Babylon #ReStaking #Bedrock #uniBTC #DeFi #Ethereum #BNB #Optimism #Uniswap #Pendle #SatLayer #TotalValueLocked
🚀 Vitalik Buterin Deposits Significant Funds Into Aave
#VitalikButerin #Aave #DeFi #Ethereum #cryptocurrency #investment #USDC #ETH #decentralizedfinance #crypto #AAVE
According to Foresight News, Ethereum co-founder Vitalik Buterin has made a substantial deposit into Aave. PeckShield monitoring revealed that a Gnosis Safe Proxy address associated with Buterin transferred 950 ETH, valued at approximately $2.24 million, and 2.28 million USDC into the Aave platform.
This significant movement of funds highlights Buterin's continued involvement and confidence in decentralized finance (DeFi) platforms. Aave, a prominent DeFi protocol, allows users to lend and borrow cryptocurrencies in a decentralized manner. The deposit of such a large amount of ETH and USDC underscores the growing trust and utilization of DeFi services by key figures in the cryptocurrency space.
The transaction has garnered attention within the crypto community, reflecting the ongoing trend of significant investments in DeFi platforms. As the sector continues to evolve, the participation of influential individuals like Buterin is seen as a positive indicator of the potential and stability of decentralized financial systems.#VitalikButerin #Aave #DeFi #Ethereum #cryptocurrency #investment #USDC #ETH #decentralizedfinance #crypto #AAVE
🚀 Grayscale ETHE Sees No Inflows Or Outflows, Significant ETH Outflows Expected
#Grayscale #ETHE #ETH #cryptocurrency #investing
According to Odaily, monitoring by Trader T revealed that Grayscale's ETHE experienced no inflows or outflows yesterday. Over the past 36 trading days, 33.1% of the ETH under its management has flowed out. It is projected that by November 19, 50% of the ETH will have been withdrawn over a span of 109 days.#Grayscale #ETHE #ETH #cryptocurrency #investing
🚀 Singapore Crypto Exchange SDAX Secures $50 Million In Series B2 Funding
#Singapore #CryptoExchange #SDAX #Funding #DigitalAssets #Oman #Gulf #Africa #Investment #SeriesB2
According to Foresight News, Singapore-based cryptocurrency exchange SDAX has successfully raised $50 million in its Series B2 funding round. The round was led by MPMR, the Muscat Precious Metals Refinery from Oman. The newly acquired funds are earmarked for the launch of a digital asset trading platform in Oman, which will serve as a gateway for other regions in the Gulf and Africa.
Previously, in 2021, SDAX completed an $18 million Series B funding round, with PSA International, Straits Trading Company, and New Horizon Global leading the investment. This latest funding round marks a significant step in SDAX's expansion plans, aiming to enhance its presence and services in the digital asset market across multiple regions.#Singapore #CryptoExchange #SDAX #Funding #DigitalAssets #Oman #Gulf #Africa #Investment #SeriesB2
🚀 Bitcoin(BTC) Surpasses 58,000 USDT with a 2.67% Increase in 24 Hours
#Bitcoin #BTC #USDT #cryptocurrency #trading #Binance #marketdata #finance
On Sep 12, 2024, 02:00 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 58,000 USDT benchmark and is now trading at 58,302 USDT, with a narrowed 2.67% increase in 24 hours.#Bitcoin #BTC #USDT #cryptocurrency #trading #Binance #marketdata #finance
🚀 Former NBA Star Lamar Odom Launches Meme Coin L7
#LamarOdom #L7 #MemeCoin #Cryptocurrency #TokenLaunch #MarketCapitalization #Volatility #BlockBeats
According to BlockBeats, on September 12, former NBA star Lamar Odom launched a meme coin named L7. Market data indicates that the token's market capitalization has reached $100,000, with a trading volume of $2.13 million within the first two hours of its release. The current price of the token stands at $0.000102.
BlockBeats notes that meme coin prices are highly volatile and lack intrinsic value, urging users to exercise caution when participating.#LamarOdom #L7 #MemeCoin #Cryptocurrency #TokenLaunch #MarketCapitalization #Volatility #BlockBeats
🚀 Cryptocurrency Market Experiences $50.79 Million Liquidations in 12 Hours
#Cryptocurrency #Market #Liquidations #Coinglass #BlockBeats #LongPositions #ShortPositions
According to BlockBeats, data from Coinglass reveals that the cryptocurrency market witnessed liquidations totaling $50.79 million over the past 12 hours. Of this amount, long positions accounted for $11.26 million, while short positions made up $39.53 million.#Cryptocurrency #Market #Liquidations #Coinglass #BlockBeats #LongPositions #ShortPositions
🚀 Eigen Labs Appoints Alan Curtis As New COO
#EigenLabs #AlanCurtis #COO #RioNetwork #ReStaking #EconomicModel #Liquidity #Acquisition #IndustryGrowth
According to Odaily, Eigen Labs has announced the appointment of Alan Curtis, former co-founder of Rio Network, as its new Chief Operating Officer (COO). Curtis's responsibilities will include driving the growth of the re-staking scale across the industry, enhancing the readability of the EigenLayer economic model, and ensuring the efficient operation of Eigen Labs. This appointment follows Eigen Labs' recent acquisition of the liquidity re-staking network Rio Network, although the specific acquisition amount has not been disclosed.#EigenLabs #AlanCurtis #COO #RioNetwork #ReStaking #EconomicModel #Liquidity #Acquisition #IndustryGrowth
🚀 LiFi Protocol Attacker Transfers 201.9 ETH and Launders 10 ETH via Tornado Cash
#LiFi #ETH #TornadoCash #cryptocurrency #security #digitalassets #laundering
According to Odaily, the attacker behind the LiFi protocol has transferred 201.9 ETH to an intermediary address, identified as 0x08cf...5699. Following this transfer, the attacker laundered 10 ETH through Tornado Cash. This incident highlights ongoing security concerns within the cryptocurrency space, emphasizing the need for enhanced measures to protect digital assets.#LiFi #ETH #TornadoCash #cryptocurrency #security #digitalassets #laundering
🚀 Nvidia's Market Value Sees Significant Growth
#Nvidia #MarketValue #StockMarket #Investment #FinancialNews #Growth
According to Odaily, Creative Planning's Chief Market Strategist Charlie Bilello announced on X that Nvidia experienced a substantial increase in market value on September 11. The company's market capitalization grew by $216 billion, marking the fourth-largest single-day increase in its history.#Nvidia #MarketValue #StockMarket #Investment #FinancialNews #Growth
🚀 Stacks Establishes Asian Foundation With $15 Million Grant
#Stacks #AsianFoundation #Blockchain #Bitcoin #Layer2 #StrategicPartnerships #Ecosystem #TVL #NakamotoUpgrade #HardFork #TransactionTimes #UserGrowth #Asia #STX
According to BlockBeats, Stacks announced the establishment of its Asian Foundation on September 11, with an initial grant of $15 million. The foundation aims to foster mutually beneficial relationships in key markets such as South Korea, Hong Kong, Singapore, Japan, Southeast Asia, and the UAE. The focus will be on strategic partnerships and programs to support local builders, ensuring the liquidity and accessibility of essential ecosystem assets. By supporting key Stacks ecosystem teams, the initiative aims to enhance the Total Value Locked (TVL) on the Stacks layer, increase regional visibility, and drive user growth. This move is expected to lay a solid foundation for the widespread adoption of Bitcoin Layer 2 solutions.
Additionally, Stacks is set to undergo a hard fork at block height 861500 to activate the Nakamoto upgrade. This upgrade is anticipated to significantly reduce transaction times from the current 10-30 minutes to 5-10 seconds.#Stacks #AsianFoundation #Blockchain #Bitcoin #Layer2 #StrategicPartnerships #Ecosystem #TVL #NakamotoUpgrade #HardFork #TransactionTimes #UserGrowth #Asia #STX
🚀 Marathon Digital Holdings Increases Bitcoin Holdings to 26,200 BTC
#MarathonDigitalHoldings #Bitcoin #BTC #BitcoinMining #Cryptocurrency
According to Odaily, Bitcoin mining company Marathon Digital Holdings has announced that its Bitcoin holdings have increased to 26,200 BTC. Earlier in mid-August, Marathon Digital Holdings purchased 4,144 BTC for $249 million.#MarathonDigitalHoldings #Bitcoin #BTC #BitcoinMining #Cryptocurrency
🚀 Hong Kong Considers SFC Oversight for OTC Crypto Trading
#HongKong #SFC #OTCCrypto #VirtualAssets #CryptoRegulation #Licensing #Customs #IndustryFeedback
According to Foresight News, the South China Morning Post reports that Hong Kong is contemplating involving the Securities and Futures Commission (SFC) in the regulation of over-the-counter (OTC) virtual asset trading services. Currently, the SFC is seeking industry feedback on a potential new licensing regime for cryptocurrency OTC services. This proposed system would see the SFC and Customs jointly overseeing these companies. Discussions regarding these two licenses are still in the early stages and may undergo changes. Previously, a proposal announced in February 2024 suggested that OTC cryptocurrency stores would be regulated solely by Customs.#HongKong #SFC #OTCCrypto #VirtualAssets #CryptoRegulation #Licensing #Customs #IndustryFeedback
🚀 Uniswap Completes Swap Function Upgrade
#Uniswap #SwapFunction #Upgrade #Tokens #CrossNetwork #UNI
According to Foresight News, Uniswap has announced the completion of its Swap function upgrade. This enhancement allows users to view and select tokens across all networks without the need to switch between them.#Uniswap #SwapFunction #Upgrade #Tokens #CrossNetwork #UNI
🚀 Vitalik Buterin Plans To Focus On Advanced L2 Projects From Next Year
#VitalikButerin #Ethereum #Layer2 #L2Projects #ZKrollups #ProofSystems #CryptographicTrust #MultiSignatureAgreements #ETH
According to BlockBeats, Ethereum co-founder Vitalik Buterin announced on social media on September 12 that he plans to focus on discussing only Layer 2 (L2) projects that have reached Stage 1 or higher in public forums such as blogs and speeches starting next year. He mentioned that he might give a brief grace period to genuinely interesting new projects.
Buterin emphasized that regardless of his investment in a project or personal connections, projects must reach Stage 1 to be considered. He noted that several ZK-rollup teams have informed him of their expectations to reach Stage 1 by the end of the year, which he finds very exciting.
He also stressed the importance of ensuring the security of proof systems before abandoning auxiliary measures, stating that it would be irresponsible to do otherwise. Stage 1, where 75% of committee members have the authority to overturn the proof system, with at least 26% coming from outside the rollup team, is seen as a reasonable intermediate milestone. Buterin highlighted that in the multi-signature agreements he has participated in over the years, there have been no activity issues, let alone problems with the 26% threshold.
Buterin concluded by stating that the era of rollups as an upgraded version of multi-signature agreements is coming to an end, and the era of cryptographic trust is approaching.#VitalikButerin #Ethereum #Layer2 #L2Projects #ZKrollups #ProofSystems #CryptographicTrust #MultiSignatureAgreements #ETH
🚀 Hmstrbg Sees 3.44% Increase In 24 Hours
#Hmstrbg #cryptocurrency #Bitget #tradingvolume #priceincrease
According to BlockBeats, as of September 12, data from Bitget's pre-market trading indicates that the latest transaction price of HMSTRBG is $0.09. The cryptocurrency has experienced a 3.44% increase over the past 24 hours, with a cumulative trading volume exceeding $1.22 million during the same period.#Hmstrbg #cryptocurrency #Bitget #tradingvolume #priceincrease