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@rikimart

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58 Followers
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@rikimart
Tech giant InnovateX unveiled its latest AI-driven processor, promising unprecedented speeds for consumer electronics.
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Ethereum’s price climbed to $3,198.17, marking a 1.91% increase, as investors show renewed interest in the leading altcoin.
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Cardano’s ADA rises 8% after partnerships to expand blockchain use in Africa are announced.
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Coinbase announced plans to delist some stablecoins in the European Economic Area by the end of 2024 to comply with upcoming regulations.
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Bitcoin’s market cap has surpassed $1.5 trillion, placing it among the top five most valuable assets globally as institutional investors increase their holdings.
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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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Polkadot continues to lead in blockchain interoperability, enhancing transaction speeds and scalability through its unique parachain architecture.
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Stephen Mollah, claiming to be Bitcoin’s creator, also asserted he designed Twitter’s bird logo, though his claims were met with skepticism.
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With FTX creditors expected to receive up to $8 billion in compensation by 2025, market participants remain optimistic about recovery efforts
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Web3 infrastructure provider Ankr unveiled the Neura blockchain, designed to support AI startups with advanced decentralized computing
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Nearly half of traditional hedge funds are now investing in crypto, highlighting growing institutional confidence in the market
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DeFi’s TVL grew by 9.6%, with platforms like Base and Sui driving the bulk of the growth, highlighting the sector’s resilience
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Lamborghini is unveiling its Web3 platform “Fast ForWorld” with Animoca Brands, integrating NFTs with its digital car release
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A new Layer-3 chain called Super Champs, built on Base, is set to enhance Web 3.0 mobile gaming. Using the Arbitrum rollup technology, it offers gas-free transactions and high scalability. The franchise is aiming to grow by bringing in more game studios through the BuilderKit, providing tools to develop, manage, and grow gaming ecosystems . My take: This initiative is a strategic push toward mainstream Web 3.0 gaming, demonstrating how Base can support both complex and user-friendly blockchain applications, especially in entertainment.
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Base recently experienced its first significant network outage, affecting user transactions and DeFi operations. This event underscores the need for increased reliability as the network scales. While unfortunate, it is a learning opportunity for developers to improve network stability. As Base aims to establish itself in the competitive blockchain space, maintaining user trust through robust infrastructure is crucial .
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Jesse Pollak from Coinbase has emphasized that Base is helping pioneer the on-chain economy, which he refers to as the “next generation of the internet.” Pollak highlights that decentralized blockchain culture is starting to grow from the ground up, and this shift in infrastructure could lead to major transformations in tech and corporate strategies . My take: This vision could lead to Base becoming a foundational layer for web3, driving both adoption and innovation, but the challenge lies in overcoming the inertia of traditional systems.
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Base blockchain has hit a record high in both active addresses (over 1.96 million) and transactions (4.8 million). This growth is a clear indication that Base, as a Layer 2 solution on Ethereum, is attracting increasing developer and user activity. This rise in user engagement and lower gas fees has helped it surpass other Layer 2 networks like Arbitrum and Avalanche, making Base a competitive player in the Ethereum ecosystem  .
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Base continues to grow rapidly after its mainnet launch, offering low-cost and developer-friendly infrastructure. The focus is on bringing Web3 to the masses by providing tools like RPC testnet endpoints and node providers such as QuickNode and Infura. This positions Base as a promising Layer 2 network with strong potential for scaling Ethereum . Opinion: This is crucial for developers looking to innovate in decentralized applications (dApps), and it signals Base’s commitment to making Web3 more accessible.
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Base continues to support new projects, announcing funding for six innovative on-chain startups. These projects are aimed at further enhancing Base’s ecosystem, helping the platform stand out as a key player in decentralized finance (DeFi). The support for new talent showcases Base’s commitment to building a robust infrastructure and expanding blockchain use cases .
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Farcaster has seen a significant decline in daily active users (DAUs), dropping from around 104,000 in early July to 60,000 by September 8, 2024. Despite securing $150 million in funding and being valued at $1 billion in May, user engagement has sharply declined. This downturn could indicate that while the platform had promise, it has not sustained user interest, possibly due to a lack of differentiation from traditional social platforms
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