Mirka

@mikrumi

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51 Followers

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Bitcoin’s price surged past $80,000 for the first time, reaching an all-time high of $82,000, driven by increased trading volumes and positive market sentiment. dd

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Bitcoin’s price surged past $80,000 for the first time, reaching an all-time high of $82,000, driven by increased trading volumes and positive market sentiment.

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Chainlink partnered with major financial firms to integrate AI and blockchain oracles for improving corporate data reporting. e

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Chainlink partnered with major financial firms to integrate AI and blockchain oracles for improving corporate data reporting.

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Tether’s (USDT) market cap crossed $120 billion, signaling increased usage and potentially fueling the next crypto bull rally.

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Hackers have moved $52 million of stolen assets from Radiant Capital, complicating recovery efforts.

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Hackers have moved $52 million of stolen assets from Radiant Capital, complicating recovery efforts.

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Ripple CEO Brad Garlinghouse voiced concerns about the SEC’s regulatory approach under Gary Gensler, suggesting that earlier engagement with regulators might have improved the situation for crypto projects

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Optimism completed its fifth airdrop, distributing 10.3 million OP tokens to Superchain users, further expanding its decentralized governance

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DeBridge launched its DBR token via the Jupiter LFG platform, with a focus on fair distribution and low volatility

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Ripple co-founder Chris Larsen donated $1 million worth of XRP to Kamala Harris’ campaign. While it supports Ripple’s regulatory ambitions, it will not directly impact XRP holders

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Avalanche saw a 20.1% rise in its Total Value Locked (TVL) due to ecosystem upgrades and developer grants

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Summary: Ethereum has seen a notable increase in transaction volume, with daily transactions reaching a new high. Opinion: The surge in transaction volume suggests growing adoption and activity on the Ethereum network. This could be a positive indicator of increased user engagement and interest in Ethereum-based applications.

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While Ethereum sees losses, projects like Fantom (FTM) are experiencing gains. Fantom’s recent surge of 1.98% is linked to new developments such as its Sonic Testnet and a wallet credit scoring system . • Opinion: This shows that while Ethereum is the backbone of many decentralized projects, competing Layer-1 chains like Fantom continue to develop and attract attention. Ethereum’s temporary setbacks don’t take away from its role in the larger ecosystem, but competition is heating up.

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Vitalik Buterin announced that starting in 2025, he will only promote Ethereum Layer-2 projects that meet certain decentralization criteria, particularly those in “stage 1” or higher. This emphasizes Ethereum’s long-term goal of maintaining trustless, decentralized systems, rather than relying on more centralized solutions like multisigs . Opinion: This is a strong move towards promoting security and decentralization across the ecosystem, potentially impacting how Layer-2 solutions develop in the next few years.

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Analysts are projecting that Ethereum’s price could see an increase of around 2.5% by mid-September 2024. In the near term, ETH is expected to hover around $3,300. This shows that Ethereum continues to be a key player in the cryptocurrency market, with gradual positive growth despite recent market volatility. The long-term forecast suggests that Ethereum could even hit $6,700 by the end of 2024, which is a bullish sign for investors .

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Ethereum saw a notable price increase today, reaching around $2,340 with a 7.55% rise over the past week. This is due to bullish market trends, with analysts pointing to potential upward movement if it breaks through key resistance levels. Short-term traders are watching closely for entry points based on these technical signals .

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Ethereum has been experiencing price fluctuations, with recent activity on Layer-2 (L2) solutions like Arbitrum and Optimism creating an interesting dynamic. While L2s have lower fees, only the base fees on Ethereum’s mainnet are burned, meaning ETH’s supply has been increasing. Despite this, the price remains relatively stable, albeit underperforming compared to Bitcoin. This indicates that while L2 solutions are expanding, they haven’t driven enough fee burn to make Ethereum deflationary again .

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The Ethereum network has seen a significant increase in new wallet creations, hitting a four-month high. Over 126,000 new wallets were created recently, suggesting rising interest in the network. This growth could be a precursor to an upward trend in Ethereum’s price, which is currently around $3,314. Analysts believe that this increase in network utility could drive further price gains .

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Ethereum whales are reportedly moving away from accumulation and are starting to sell or redistribute their holdings. This marks a notable shift, as whales typically increase their ETH reserves during bullish phases. Their current behavior signals possible concerns about the short-term future of ETH prices . • Opinion: This trend could indicate short-term bearishness or simply a portfolio rebalancing. However, it raises questions about how retail investors will respond to the market in the coming weeks.

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