Pinakabagong Balita sa Crypto at Market Updates

Second-Largest Stablecoin To Launch ‘Natively’ on Ethereum Scaling Solution Arbitrum (ARB) Next Week

Ethereum　　Pangalawa sa Pinakamalaking Stablecoin na Ilulunsad Natively sa Ethereum Scaling Solution Arbitrum (ARB) sa Susunod na Linggo　　3 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Circle plans to launch USD Coin (USDC) natively on the Ethereum (ETH) scaling solution Arbitrum (ARB) on June 8th.　　Ang stablecoin issuer sabi ni this native USDC will be the official version of the Arbitrum ecosystem and will eventually replace the USDC currently on Arbitrum that is bridged from Ethereum.　　Explains the ETH scaling solution,　　Arbitrum says the benefits of a native USD Coin include institutional on and off-ramps via Circle and upcoming support from a cross-chain transfer protocol to get rid of bridge withdrawal delays. The native USDC will also be fully reserved and always redeemable at a 1:1 ratio for US dollars, according to Circle.　　With a market cap of nearly $29 billion at time of writing, USDC is the second-largest stablecoin, behind Tether USD (USDT). USDC is the fifth-largest digital asset overall.　　USDC briefly lost its peg to the dollar in March following news that Circle had $3.3 billion of its $40 billion cash reserves stuck in the collapsed Silicon Valley Bank (SVB). The stablecoin dropped to a low of $0.877 before quickly jumping back up to the $1.00

2023-06-03Ethereum

Why Ethereum needs to reclaim $2k for bullish pump

After its network fees returned to their normal levels, the price of Ethereum (ETH) has moved in a slightly upward fashion, but there is still a strong resistance level it needs to turn into support to make a more significant upward move.　　Specifically, pseudonymous cryptocurrency analyst has noted the optimism surrounding the recent Ethereum price increase but also advised to zoom out, as “we really are not bullish unless we flip $2,000 into support,” according to the tweet and chart pattern analysis he Nagbahagi sa Hunyo 2.　　As the crypto expert specified, “the clue in the bears control is in the highlighted section. 3 wave up from lows is bearish.” Indeed, according to the chart analysis, Ethereum is currently performing a corrective move up, with “another leg down overall” in the cards.　　Pagsusuri ng presyo ng Ethereum　　For the moment, Ethereum is changing hands at $1,890.21. This price demonstrates the digital assets upward move of 1.32% on the day, whereas, on the weekly chart, it has gained 4.23%, as well as increasing 1.80% in the last month, as the latest data suggests.　　At the same time, the sentiment on the 1-day technical analysis (TA) gauges at the finance and crypto monitoring platform are exceptionally bullish,

2023-06-02Ethereum

Are Layer-2 Chains Like Polygon Still Needed After Ethereum Upgrade?

Layer-2 chains like Polygon brought valuable contributions to the Ethereum network by improving transaction speeds, and scalability, and reducing costs. As such, they act as settlement layers complementing the Ethereum Mainnet, but are they still relevant after the upgrade？　　Kailan ang Ethereum Merge？　　The Ethereum Merge, also known as Ethereum 2.0 or ETH2 was planned and occurred in multiple phases including the Shanghai upgrade and sharding. The final phase occurred on September 15 2022 and featured the merging of the Ethereum mainnet with the new Ethereum 2.0 Beacon Chain.　　Ano ang Polygon？　　Polygon (MATIC) Network is a protocol and framework built on top of the Ethereum blockchain. It strives for scalability and better user experience for dApps and blockchain-based projects. Polygon offers a multi-chain system of interconnected sidechains. It aims to offer a seamless bridge between the Ethereum network and other blockchains, allowing for the smooth transfer of assets and data across different ecosystems.　　Is Polygon Still Relevant After the Merge？　　The Ethereum merge focused primarily on the Ethereum mainnet and does not directly affect the operations or functionality of Polygon. Polygon is a separate protocol and framework built on top of Ethereum, providing scalability solutions and additional features to enhance the Ethereum ecosystem. While the

2023-06-02Ethereum

Ethereum Whale Awakens: 5000x Profit Explosion! Millionaire Game Coin (MG) Set to Mint Monthly Millionaires for the Next 50 Years

This week, @lookonchain, a Twitter account known for its insightful cryptocurrency analysis, shared a remarkable discovery. An 8-year-old wallet ,dormant since the Ethereum ICO, suddenly woke up, creating a stir in the market. This whale acquired 8,000 ethers in 2015 during the ICO at a price of about $0.31 each. The initial investment of $2,480 is now valued at over $14 million, an astounding rise of 5000x.　　The event naturally sparked interest and curiosity in the crypto community. Some investors, looking to replicate the success for themselves, started looking for the next potential 100x token. They want a token in its early stage, yet with impressive growth prospects. Millionaire Game Coin (MG), a newly introduced project, seems to meet these hopes.　　Emerging on the horizon is a new, intriguing entry in the crypto market – the Millionaire Game Coin (MG). Still in its nascent presale stage, this mysterious project could potentially align with what investors are scouting for in the vast crypto landscape. With its smart contract-enforced rules, it turns one lucky token holder into a crypto millionaire every month, akin to Charlie winning Willy Wonka‘s golden ticket! But instead of an endless supply of chocolates, the coin’s supply is capped with

2023-06-02Ethereum

Crypto Price Analysis Jun-2: ETH, XRP, ADA, BNB, and LTC

Sa linggong ito, mas malapitan nating tingnan ang Ethereum, Ripple, Cardano, Binance Coin, at Litecoin.　　Ethereum (ETH)　　Ethereums volatility spiked this week, and it managed to book a 4% price increase. This puts ETH into an uptrend and confirms the $1,820 level as support.　　To remain in the green, ETH will need to break above two key levels, $2,000 and $2,100, which currently act as resistance. Bears did not show any resistance at $2,000 in April but came in strong at $2,100. It remains to be seen if this time will be different.　　Looking ahead, buyers have returned to Ethereum. However, it is still too early to tell if they are serious about maintaining this uptrend. A clean breakout above the two key resistance levels would give them full control of the price.　　Tsart ng TradingViewRipple (XRP)　　In a surprising move, XRP has reached 50 cents this week and booked an 11.7% price increase, making it the best performer on our list. The price is now just under the key resistance at 53 cents which has historically pushed back any attempt from buyers to take XRP higher.　　In April, sellers came in strong at the current resistance level and did not allow it to move higher. If

2023-06-02Ethereum

Uniswap Community Chaos In Voting For LPs Fee Plan With 45% Against

The Uniswap decentralized exchange community members are facing chaos in voting for the platforms plan to charge fees from LPs.　　Proposal voting results showed that 45.32% voted against charging, 42.34% supported charging 1/5 of liquidity provider fees, 12.3% voted in favor of charging 1/10, and 0.04% of votes favor 1/6 Charge being imposed.　　Although support for a fee outweighs opposition for a charge (55% vs. 45%), no individual category has received greater support than the “free”. If protocol fee advocates can link together after a certain percentage of fees, they can win.　　Devin Walsh, executive director of the Uniswap Foundation, said on Twitter that the poll was published for feedback and was not part of a formal governance process.　　These results will not necessarily prevent further votes on the proposal. The polling site suggests that the poll data will be used to prepare for a more formal “temperature check” vote. However, the opposition to a fee is substantial.　　As per previous news, GFX Labs has launched a proposal in the Uniswap community to “implement liquidity pool fees”, proposing that all Uniswap v3 pools implement agreement fees equal to 20% of pool fees and open charge conversion for Uniswap v2.　　The proposals scope is to implement fees

2023-06-02Industriya

Who Owns Huobi Exchange? The Need For Clarity In The Cryptocurrency Industry

According to PROTOS, About Capital Management, which announced the acquisition of Huobi exchange in October 2022, said in May this year, “no longer involved with Huobi in any way.” Capital is generally considered just Justin Suns agency for acquiring Huobi.　　Huobi, one of the largest cryptocurrency exchanges in the world, is shrouded in mystery when it comes to its ownership. In October 2022, Hong Kong-based investment firm, About Capital Management announced that it had acquired Huobi. However, it soon became clear that the mysterious party responsible for acquiring the exchange was none other than TRON and Poloniex founder Justin Sun. Despite persistent tweeting about the company and his appointment to the Huobi Global Advisory Board, Sun denies controlling ownership of the exchange.　　According to PROTOS, About Capital Management, which announced the acquisition of Huobi in October 2022, said in May of the following year that it was “no longer involved with Huobi in any way.” The company refused to elaborate further.　　Hong Kong corporate documents for numerous Huobi and Justin Sun-related entities, along with information about ACM, were obtained by Protos. The documents do not point to who or what entity currently holds a controlling interest in the company. In February, a new

2023-06-02Industriya

Russian Firms Requesting President Putin to Legalize Crypto

Russian President Putin is reached by Russian firms for crypto support.　　Cryptocurrencies like BTC need to be legalized for international settlements.　　Russian President Vladimir Putin has been asked to help with the legalization of crypto payment businesses. The request is approached through the annual report of Russias Business Ombudsman, Boris Titov from the Kremlin.　　However, cryptocurrencies like Bitcoin (BTC) and others are decentralized and it hasnt yet been legalized in Russia so far. Also, the efforts to legalize them are still in process. Furthermore, the request encloses the cross-border actions meant for international crypto payments with abroad partnerships. This has to be achieved through legalized Russian law.　　All of these request considerations are proposed through ‘Key Business Problems Under Sanctions and Structural Transformation in 2023’. Meanwhile, to mention, Russian firms are involved in foreign trade without the regulations already. Additionally, digital asset trading should be operated over this concern for mutual settlements.　　Moreover, the Ukraine war has created certain restrictions on the financial sectors in Russia. And, overcoming this needs crypto legalization which brings back support across the cross-border invasion. Crypto legalization in Russia is urged by Russian firms already, back in the year 2022. This is concerning the crypto payments involved in the association

2023-06-02Industriya

Rising interest in staked ETH: Implications for Lido, Rocket Pool and Frax Finance

Data from parsec finance has revealed a significant increase in the number of wstETH deposits into Aave over the past 24 hours. This surge in interest brings forth questions about its impact on platforms like Lido, Rocket Pool, and Frax Finance.　　Token Accumulation on (w)stETH is a great level set on the DeFi market these days. $87m wstETH shoved into Aave V3 in the last 24hrs alone　　— parsec (@parsec_finance) Hunyo 1, 2023　　For context, wstETH represents wrapped staked Ethereum, which tokenizes the ETH locked in a proof-of-stake network.　　By staking their ETH, users contribute to network security and consensus, receiving staking rewards in return. These deposits can also accrue interest over time, as Aave offers interest-bearing accounts for passive asset growth.　　With the recent spike in Ethereum deposits, Aave stands to benefit. Users can now earn interest on their staked assets, allowing them to passively grow their holdings.　　This increase in deposits signifies a growing interest in earning passive income through staking, showcasing the appeal of Aaves interest-bearing accounts.　　How were LSDs affected？　　The interest in staking has not been limited to Aave alone. Platforms like Lido, Rocket Pool, and Frax Finance have also experienced increased activity.　　Lido, a liquid staking protocol, has seen its daily activity surge

2023-06-02Industriya

$760 Million Raised From Various Companies

According to Wu Blockchain, 93 public investment projects in crypto occurred in May, with infrastructure, DeFi, CeFi, and NFT/GameFi being the primary industry classifications.　　In May, 93 publicly announced investment projects related to the cryptocurrency industry, according to statistics from RootData. This number represents a 13% decrease compared to the previous month and a 40% decrease compared to last year. It is important to note that not all financing is announced in the same month so these statistics may increase in the future.　　The primary industry classifications in the crypto market in May were infrastructure projects accounting for approximately 29% of the financing, DeFi accounting for about 18%, CeFi accounting for approximately 6%, and NFT/GameFi, accounting for about 26%. The total financing amount in May was $760 million, a 7% decrease compared to the previous month and a 66% decrease compared to May 2022.　　Various companies raised funds in May, with the funding rounds exceeding $20 million, including the technology company Tools for Humanity, Auradine, Cryptocurrency wallet company Magic, Bitcoin technology and financial services company River Financial, emerging Bitcoin mining firm Cormint, Web3 startup Story Protocol, cryptocurrency infrastructure company Anoma Foundation, and Web3 payment and fiat aggregator Transak.　　These companies raised a significant amount

2023-06-02Industriya

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