Friend.tech Resurgence Drives Base to Record Daily Transaction Peak

Friend.tech Resurgence Drives Base to Record Daily Transaction Peak

Base, the Coinbase-incubated Ethereum layer 2 (L2) network, has experienced significant growth and adoption since its public launch just a month ago. Along with this growth, the number of users and protocols on the platform has also expanded significantly. In a remarkable display of this rapid growth, Base recently achieved its highest number of daily … Read more

Coinbase’s (COIN) Daily Transactions Reach All-Time High, Surpassing Rivals Arbitrum (ARB) and Optimism (OP)

Coinbase’s (COIN) Daily Transactions Reach All-Time High, Surpassing Rivals Arbitrum (ARB) and Optimism (OP)

Base Protocol, a decentralized stablecoin project, has experienced a surge in activity lately. However, the driving force behind this increase is not decentralized finance (DeFi) applications or non-fungible token (NFT) marketplaces as one might expect. Instead, a new social application called FriendTech is responsible for a significant portion of this rise in Base’s usage. The … Read more

Curve (CRV) Trading Volume Drops by 97% Over 2-Month Period

Curve (CRV) Trading Volume Drops by 97% Over 2-Month Period

Trading volumes associated with CRV, the governance token of Curve, a stablecoin decentralized exchange (DEX), is down 97% barely two months after it was hacked in late July 2023. This significant decline in trading volume has been observed on centralized exchanges, particularly on Binance, where the token is actively traded. According to Kaiko, CRV’s trading … Read more

Years-old Bitcoin Drivechain proposal sparks renewed debate

Years-old Bitcoin Drivechain proposal sparks renewed debate

A debate has resurfaced among Bitcoin enthusiasts regarding a six-year-old Bitcoin Improvement Proposal (BIP) that suggests the addition of “sidechains” to the Bitcoin network. While some individuals believe that this proposal could lead to an increase in scams on the Bitcoin network, others argue that it would attract new users to the cryptocurrency. However, a … Read more

Report: 25% of Investment Firms Assign Senior Executives to Digital Assets

Report: 25% of Investment Firms Assign Senior Executives to Digital Assets

According to a recent report by market intelligence firm Amberdata, investment firms in the United States, the United Kingdom, and Europe are increasingly appointing senior executives to lead digital asset investment strategies. The report, titled “Digital Assets: Managers’ Data Infrastructure Fuel,” reveals that 24% of asset management firms have already adopted a digital assets strategy, … Read more

Unraveling the Magic of $Pepe: A Deeper Dive into the Meme-Infused Crypto Phenomenon

$pepe meme

Introduction In the ever-evolving landscape of cryptocurrencies, where tokens are born, thrive, and sometimes fade into obscurity, there emerges a unique and intriguing contender: $Pepe. A cryptocurrency inspired by the internet’s most beloved amphibian meme, Pepe the Frog, $Pepe represents more than just a digital token; it embodies the spirit of meme magic, decentralized finance … Read more

MakerDAO Explores Tokenized T-Bills With $100 Million Allocation Plan

MakerDAO Explores Tokenized T-Bills With 0 Million Allocation Plan

Steakhouse, a decentralized autonomous organization (DAO)-focused financial advisory firm, has collaborated with Phoenix Labs, a research and development company, to propose an allocation of up to $100 million from MakerDAO’s reserves for investment in tokenized US Treasury Bill (T-Bill) products. This proposal, currently in the discussion phase, aims to explore new avenues for financial innovation … Read more