ETH Burn Rate Accelerates The Ethereum Dencun upgrade is on the horizon, and the network has been preparing with a surge in ETH burning. Over 50,000 ETH has been burned since the EIP-1559 upgrade, totaling over 1.5 million ETH (worth $5.6 billion). Deflationary Network The burn rate has outpaced ETH issuance, making the network deflationary….
Cryptocurrency analyst Bluntz, who predicted the end of Bitcoin’s 2018 bear market, is optimistic about two memecoins: Dogwifhat (WIF) and Dogecoin (DOGE). Dogwifhat (WIF) Bluntz believes WIF is showing signs of strength despite a recent market correction. He predicts a significant rally, with a potential surge to $3.50. Dogecoin (DOGE) Bluntz also expects DOGE to…
Government Intervention The Spanish Data Collection Agency (AEPD) has ordered Worldcoin to cease collecting personal data in Spain. This decision comes after receiving numerous complaints alleging that the project’s data-gathering process violated user privacy. Specific Violations The AEPD cited several infringements, including: Insufficient information provided to users Collection of data from minors Inability to withdraw…
A troubled New York bank has received a $1 billion capital injection in an effort to stay afloat. New York Community Bank announced the investment, led by former U.S. Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital. Financial Struggles NYCB has been struggling with exposure to the commercial real estate market and the impact of recent…
Tom Lee, CEO of Fundstrat, believes Bitcoin is on track to break its all-time high and reach $150,000 by the end of 2024. Bitcoin’s Unique Appeal Lee attributes Bitcoin’s volatility to its status as a “trustless” asset in a world where trust is often lacking. This makes it appealing to younger investors but challenging for…
Exploration Resolution The Arizona State Senate has passed a resolution encouraging state retirement funds to consider investing in Bitcoin exchange-traded funds (ETFs). The resolution specifically targets the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS). Monitoring and Reporting The resolution requires ASRS and PSPRS to monitor Bitcoin ETFs and report…
SEC Commissioners Hester Peirce and Mark Uyeda have criticized the agency’s “come in and register” approach to crypto firms, highlighting the regulatory challenges they face. Mocking the SEC’s Call In a hypothetical dialogue, the commissioners mocked the SEC’s call for crypto firms to register, arguing that it lacks clarity and creates uncertainty. They questioned which…
AI meme coins are becoming increasingly popular in the crypto world. Here are a few that could potentially skyrocket in value: Grok: The Leader of the Pack Grok, inspired by Elon Musk’s Grok AI, has quickly risen to the top of the AI meme coin rankings. With a market cap of $72.7 million, it has…
Dencun and EIP-4844 Ethereum is planning a major upgrade called Dencun in mid-March. This upgrade will include the implementation of EIP-4844, which introduces “blob-carrying transactions.” These transactions allow users to attach large amounts of data (blobs) to their transactions at a much lower cost than traditional Ethereum transactions. Impact on Layer-2 Solutions Ye Zhang, co-founder…
Crypto analyst Inmortal believes Ethereum (ETH) will continue its upward trend, potentially reaching $4,800. He compares ETH’s price action to Bitcoin’s and predicts it will follow a similar pattern. Floki to Rival Dogecoin Inmortal also anticipates Floki (FLOKI) to emerge as a top-performing memecoin, similar to Dogecoin’s success in 2021. He predicts FLOKI could cross…
