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Ethereum Layer 2 Activity Near All-Time High: L2s Become the New Norm


Ethereum (ETH) has become the primary hub for the booming decentralized finance (DeFi) sector, hosting thousands of blockchain projects and decentralized apps (dApps).  These applications leverage the Ethereum blockchain to provide a wide range of services, including but not limited to finance...

Biggest Movers: SHIB Hovers Higher, Despite Market Consolidation


Shiba inu was a notable gainer in today’s session, as the cryptocurrency rose for a second straight session. The global market cap is marginally higher at the time of writing, as prices mostly consolidated. Solana retreated from a near one-week high. Shiba Inu (SHIB) Shiba inu (SHIB) was in...

Bitcoin Could Follow Nikkei Path to Record High, Says Analyst


Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, has predicted that the price of bitcoin could “follow the path of the Nikkei, which reached a 33-year high in June.” He highlighted that the largest crypto “has had a close directional relationship with the Nikkei 225.” Bitcoin’s...

Lightning Network Sees Sharp 14% Decline in Capacity After Hitting Peak


Data reveals that the Lightning Network’s capacity, or the total value of open channels, has dwindled by over 14% since July 9, 2023. Following a peak of 5,468 BTC, an estimated 786 BTC valued at $20.32 million has been withdrawn from the secondary network. From Peak to Plunge: Lightning...

Biggest Movers: XLM 7% Higher, TON Nears $2.00 Threshold


Stellar surged by as much as 7% on Monday, despite sentiment in crypto markets being mostly bearish to start the week. The token rallied for a second straight session, after a recent collision with a key price floor. Toncoin also rose, hitting a fresh multi-month high. Stellar (XLM) XLM was one...

Biggest Movers: DOGE Remains Near 2-Week High, SOL Nears Move Below $20


Dogecoin stayed close to a two-week high on Thursday, as markets rebounded from a slight sell-off during yesterday’s session. Traders moved to secure profits over the last 24 hours, following strong gains on Tuesday. Solana neared a drop below $20. Dogecoin (DOGE) Dogecoin (DOGE) remained close...

Bankman-Fried Lawyers Seek Client’s Temporary Release for Trial Prep


Sam Bankman-Fried’s high-powered legal team is pushing for the FTX founder’s temporary release from jail ahead of his October trial on fraud charges. In a motion filed Thursday, lawyers Mark Cohen and Christian Everdell claim Bankman-Fried’s Sixth Amendment rights are being...

Powell: More Rate Hikes May Be Needed to Curb Inflation


The chairman of the U.S. Federal Reserve, Jerome Powell, warned on Friday that inflation remains too high and signaled the central bank may continue raising interest rates to get it under control. In remarks at the Jackson Hole symposium, Powell acknowledged recent progress in lowering inflation...

Biggest Movers: DOGE Nears Key Price Floor, as TON Extends Gains


Dogecoin moved closer to a key support level on Friday, as the meme coin slipped for a second straight session. Today’s decline comes as the global crypto market cap edged lower, falling 0.77% lower as of writing. Toncoin was on the other side of the spectrum, hitting a one-week high. Dogecoin...

How High Can HBAR Price Soar? Prepare for Liftoff!


HBAR is an innovative cryptocurrency that has the potential to revolutionize how money is exchanged. Its fast, secure blockchain network and smart contracting capabilities provide additional benefits. With these features in mind, many investors are asking themselves, How high can Hedera go?...

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