New Report Suggests Ethereum Is Trading Well Below Its Market Value, Citing A Valuation Of $275 Billion ⋆ ZyCrypto

Balita ng Ethereum ng Bitcoin  According to new on-chain research, Ether (ETH) is trading below its worth by a staggering 27%.  The report hinges its analysis on user adoption levels of Ethereums layer 2 networks.  Layer 2 networks have ballooned in popularity with Optimism and Arbitrum probing new functionalities.  A new report has placed Ethereums network valuation north of $275 billion, relying on a modification of Metcalfes Law.  RxR, a joint venture between Re7 Capital and Republic Crypto, has pegged ETHs fair valuation at $275 billion in its latest analysis. According to the report, the network is currently trading below fair value by 27% if certain key factors are considered holistically.  The report made use of a modified Metcalfe-centric model to arrive at its conclusion, noting that existing models do not take the scaling dynamics into account. Traditional models place a premium on the number of active users on the network‘s mainnet, but RxR’s models rely on data from Ethereums layer 2 networks.  Metcalfes law states that the financial value of a network is directly proportional to the square of the number of connected users, but extending the model to layer 2 activities yields new results.  said Lewis Harland, an RxR analyst.  In the report, the research analyst noted

2023-09-20Ethereum

Shibarium Metric Surges 633% sa Araw

Shibarium eyes jaw-dropping 633% increase in major metric as Shiba Inu realm expands  In a remarkable turn of events, Shibarium, the backbone of the Shiba Inu ecosystem, has witnessed an astonishing surge in a key metric over the past 24 hours. Data from Shibariumscan reveals that the number of newly verified contracts has skyrocketed by an unprecedented 633%. This surge has propelled the total count of verified contracts on Shibarium to an all-time high of 415, marking a significant milestone in the evolution of the platform.  This notable increase in verified contracts highlights the importance of transparency and accountability in the smart contract arena. Verifying smart contracts not only improves the flow of information but also communicates the intentions behind these contracts. This transparency is beneficial for projects relying on these contracts, as it provides them with valuable insights into the source code and behavior of these contracts.  Furthermore, developers utilizing these verified smart contracts gain access to a range of tools and resources that rely on source code, enabling them to enhance their applications effectively. This commitment to trustlessness within the ecosystem also unlocks various features, including transaction decoding, analytics, alerting, simulations and Web3 actions, which bolster the overall strength of Shibarium.  In

2023-09-20Industriya

Ang Meta Tower ay Nagsimula sa Bagong Frontier: $MT CEX Listing sa Kanga Exchange at Engagement Initiative

Tech  Ang Meta Tower ay Nagsimula sa Bagong Frontier: $MT CEX Listing sa Kanga Exchange at Engagement Initiative  7 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Meta Tower, an avant-garde player in the blockchain sphere, is thrilled to unveil its strategic plan for the imminent listing of $MT on Kanga Exchange, set to go live noong Setyembre 26. This momentous step underscores Meta Towers dedication to advancing Social Media 3.0 and propelling the globe into the metaverse.  In the lead-up to the listing event, Meta Tower is reaching out to blockchain aficionados, adept social media connoisseurs, and lifestyle influencers keen on engaging their target audience and nurturing robust connections with the brand, its vision, and its devoted team.  Meta Towers accomplished team has initiated a community airdrop to cultivate awareness, foster positive word-of-mouth, and enhance visibility within the lifestyle and gaming metaverse, celebrating this noteworthy listing. Participants now stand a chance to win prizes denominated in $USDT and $MT for actively immersing themselves in the MT ecosystem. Beyond the allure of awards, this initiative aims to educate the broader populace about the metaverse and blockchain, prompting them to delve into MT Tower and acquire profound insights into its pivotal role in shaping the future of

2023-09-20Industriya

Nakiisa ang OKX sa Solana Mobile upang isama ang app sa Saga Web3 smartphone

Pananalapi  Nakiisa ang OKX sa Solana Mobile upang isama ang app sa Saga Web3 smartphone  17 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Crypto exchange OKX has announced a strategic partnership with Solana Mobile. The collaboration will see OKX‘s app become one of the first exchange applications available on Solana’s Web3 smartphone, Saga.  Unlocking the web3 ecosystem for everyday users  The partnership aims to provide Saga users with seamless access to OKX‘s suite of next-generation products, thereby expanding the reach of decentralized applications and services. Jason Lau, OKX’s Chief Innovation Officer, emphasized the transformative potential of the collaboration. “This alliance dramatically broadens everyday access to the open, decentralized future enabled by Web3,” Lau stated.  Solana Mobile, a subsidiary of Solana Labs, launched its crypto-ready, Android-based Saga smartphone in April 2023. The device offers self-custody for crypto assets and features a Seed Vault for enhanced security of users‘ private keys. The phone’s architecture is designed to facilitate easy access to Web3 native decentralized applications (dApps).  OKXs comprehensive suite of Web3 products  OKX, a frontrunner in the crypto industry, offers a wide array of Web3 products designed to cater to both novices and experts in the crypto space. Among its offerings are the OKX Wallet, a secure and versatile crypto

2023-09-20Industriya

Ang mahinang kumpetisyon sa lahi ng AI ay maaaring makapinsala sa mga mamimili — tagapagbantay ng UK

There is a “real risk” that the artificial intelligence (AI) industry could develop in a way that could end up with only a few firms dominating the market while consumers are bombarded with harmful information, according to the United Kingdoms competition watchdog.  In a report published on Sept. 18, the Competition and Markets Authority looked into AI foundation models, concluding that while AI can change how people live and work, “these changes may happen quickly and have a significant impact on competition and consumers.”  The competition regulator cautioned that, in the short term, if competition is weak or developers fail to heed consumer protection law, consumers may be exposed to significant levels of false information or AI-enabled fraud.  In the long term, theres a chance that a handful of firms could end up gaining or entrenching positions of market power, which could lead them not to offer the best products or services, or charge high prices, it said.  “It is essential that these outcomes do not arise,” said the CMA, with CEO Sarah Cardell adding:  “There remains a real risk that the use of AI develops in a way that undermines consumer trust or is dominated by a few players who exert market power that

2023-09-20Industriya

Market Rally Stalls Following Latest SEC Filing Against Binance

Crypto markets started off the week in the green, but bullish momentum plateaued following the latest filing from the Securities and Exchange Commission (SEC) in the agency‘s ongoing legal spat with Binance, the world’s largest crypto exchange.  A majority of the top 20 digital assets by market capitalization rallied between 1% and 2% in the early hours of Sept. 18. However, this surge vanished following the SEC‘s request for an inspection of Binance US and the agency’s subsequent call for courts to force the exchange to provide relevant documentation.  Bitcoin fell around 2% from a peak near $27,394 to $26,868, while Ether slipped 1.6% to $1,640.  Solanas SOL has shown resilience of late, posting an 11% gain over the last seven days.  Leading tokens by seven-day gains is Toncoin, up 49%, followed by Bitcoin Cash at 19.3%, and Litecoin at 14%.  DeFi Rallies  The overall combined DeFi market capitalization gained approximately 7% in the past week, according to CoinGecko.  DeFi Market Cap  Half of the top-performing tokens in the sector rose over 10%. Thorchain is up 30.8%, and Aave gained 17.5%, followed by Maker and Chainlink, which rallied 15%.  Base Leads Layer 2 Throughput  Coinbases Base network has again become the top Layer 2 network by throughput, which is up

2023-09-20Industriya

Gaano Katagal Maaaring Magpatuloy ang Breakout ng Presyo ng Solana (SOL)?

The Solana (SOL) price bounced last week, validating the $18 area as a long-term horizontal support.  Bagamat bearish ang mga pagbabasa ng lingguhang timeframe, ang pang-araw-araw na timeframe ay nagpapakita ng ilang bullish sign, na nagpapahiwatig na malamang na magkaroon ng breakout.  Solana Price Bounces at Range Low  The weekly time frame technical analysis shows that SOL broke out from a long-term descending resistance line in July, reaching a new yearly high of $32.13 the same month. However, the price has fallen since, validating the $28 area as resistance.  The decrease culminated with a low of $17.33 in September. The ensuing bounce (green icon) supported the $18 horizontal area.  SOL/USDT Lingguhang Tsart. Pinagmulan: TradingView  The weekly RSI is bearish. Traders use the RSI as a momentum gauge to evaluate if a market is in an overbought or oversold condition and make decisions about buying or selling assets. When the RSI reading is above 50, and the trend is upward, it indicates an advantage for bullish traders. Conversely, when the reading is below 50, the situation favors bearish traders.  The RSI deviated above 50 in July and is currently in the process of validating the line as resistance (red icon).  If the price increases towards its range high of

2023-09-20Industriya

Mga stock na gumagawa ng pinakamalaking galaw sa tanghali: CART, DIS, PLNT, RXT

Pananalapi  Mga stock na gumagawa ng pinakamalaking galaw sa tanghali: CART, DIS, PLNT, RXT  8 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  An empty parking lot is pictured in front of a Planet Fitness gym and fitness club in Alhambra, California, on May 12, 2020, after stay-at-home orders in Los Angeles County were extended until July amid the Covid-19 pandemic.  — Shares fell 2% in midday trading following a downgrade to market perform from TD Cowen. Analyst Andrew Charles noted concern over macroeconomic headwinds in China that could hit consumer spending at Starbucks stores.  — The grocery delivery stock roared out the gates as it debuted on the public market midday Tuesday. Shares popped about 35%. The company had priced its initial public offering at $30 a share Monday, the high end of the expected $28 to $30 range.  — The entertainment stock slumped more than 3% after Disney revealed that it plans to nearly double its spending on its parks and cruises businesses to roughly $60 billion.  — Stock in the computer technology company climbed close to 2% after Barclays initiated coverage of shares at an overweight rating. Analyst George Wang said the stock could benefit from a still-growing artificial investment trend.  — The industrial stock fell

2023-09-20Industriya

Ang Canto, Astar blockchains ay nagpaplano ng pagpapalawak sa Ethereum ecosystem bilang layer 2s

Ethereum  Ang Canto, Astar blockchains ay nagpaplano ng pagpapalawak sa Ethereum ecosystem bilang layer 2s  3 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Cosmos-native layer-1 blockchain Canto has become the latest chain to migrate to Ethereum as a layer 2 zero-knowledge rollup after another layer-1 blockchain, Astar, announced similar plans to expand beyond the Polkadot ecosystem to Ethereum.  Canto is a permissionless general-purpose blockchain, Ethereum Virtual Machine (EVM)-compatible with aims to onboard the traditional financial sector to decentralized finance applications.  Upon an official agreement reached by Canto Commons — a framework where contributors coordinate ideas and solutions to the protocol — its core developers will build a ZK-rollup on Ethereums second layer, Polygon Labs explained on Sept. 18:  “By leveraging a shared ZK bridge, Canto will eventually tap the liquidity of a unified Polygon ecosystem with easy access to Ethereum.”  Polygon Labs said Canto will “inherit” Ethereums security, enabling more decentralization and trustless guarantees when bridging assets over:  “User security comes by way of a best-in-class and in-production ZK prover, meaning community security is ensured by cryptography and inherited from Ethereum, rather than the social-economic incentives of fraud proofs.”  Neofinance at scale – Canto is migrating to a ZK-powered Ethereum L2, built with @ 0xPolygon CDK.  There will be no

2023-09-20Industriya

Ang paglipat ng GBP/USD pabalik sa ibaba 1.20 ay tila hindi maiiwasan

Pananalapi  Ang paglipat ng GBP/USD pabalik sa ibaba 1.20 ay tila hindi maiiwasan  8 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  GBP/USD Forecast: Pound Sterling bulls hesitate as 1.2400 resistance stays intact  GBP/USD failed to benefit from the modest US Dollar (USD) weakness seen in the American session on Monday and closed the day virtually unchanged. Following a short-lasting recovery attempt toward 1.2400 early Tuesday, the pair lost its traction and came in within a touching distance of the multi-month low it set at 1.2730.   GBP/USD: Move back below 1.20 seems inevitable – SocGen  Si Kit Juckes, Chief Global FX Strategist sa Société Générale, ay nag-aalala tungkol sa Sterling.  The more the market worries about the growth outlook in the UK, the more the prospect of further rate hikes beyond this week will a) fade away and b) scare investors. Read more…  GBP/USD: Move through 1.2550 needed to suggest more sustainable gains – Scotiabank  GBP/USD is holding a narrow consolidation range between support at 1.2370 and resistance at 1.2410. Economists at Scotiabank analyze Cables outlook.  Short-term trend dynamics are bearish which should limit the scope for gains in the near term.

2023-09-20Industriya
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