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Ethereum
Ethereum, a decentralized blockchain platform, has emerged as a prominent player in the world of cryptocurrencies. It is not just a digital currency like Bitcoin but also a platform that enables developers to build and deploy smart contracts and decentralized applications (DApps). Ethereum's underlying technology, powered by its native cryptocurrency Ether [ETH], offers a secure and transparent environment for executing peer-to-peer transactions without the need for intermediaries. With a vast community of developers, businesses, and individuals involved, Ethereum has become a hub for innovation and collaboration in the crypto space. Companies across various industries are exploring the potential of Ethereum's smart contract capabilities to streamline operations, enhance security, and reduce costs. Moreover, Ethereum's open-source nature allows for the creation of new protocols and blockchain networks, fostering interoperability and scalability within the ecosystem. Crypto exchanges play a crucial role in facilitating the trading of Ethereum, providing a platform for individuals and institutions to buy, sell, and store their ETH securely. As the demand for Ethereum continues to grow, so does the number of exchanges offering ETH trading pairs, ensuring liquidity and accessibility for investors.
DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person
Loot Parody Projects Raise $1M for Charity
As text-based NFT mania grows increasingly absurd, two developers are poking fun at the trend with drops that raise money for a good cause.
Eden Network Raises $17.4M to Shield Ethereum Users From Malicious Miners
The seed funding round will help the project fight the menace of MEV.
NBA Star Steph Curry Joins Tom Brady as FTX Ambassador
Sam Bankman-Fried’s trading empire FTX adds another professional athlete to its cap table, with Golden State Warriors guard Stephen Curry signing on as an “FTX global ambassador.” As part of the deal, Curry will receive an equity stake in FTX.
MetaMask Surpasses 10 Million MAUs, Becomes World’s Leading Non-Custodial Crypto Wallet
Lex Sokolin, Global Fintech co-head of leading Ethereum software company ConsenSys, discusses what’s behind the huge growth of user activity in MetaMask, which now has more than 10 million monthly active users (MAUs) and positions itself as the leading non-custodial wallet by users globally. Plus, his take on the outlook for NFTs, Ethereum, and Solana.
Staking Giant Lido Expands to Solana
Lido controls over 80% of the fast-growing market for ether staking derivatives.
The Next Solana? Algorand Token Sees Highest Price in More Than 2 Years Despite Market Sell-Off
The price of Algorand’s ALGO tokens has jumped more than three-fold this year, leading to a market capitalization of more than $6 billion.
Large Investors Are Behind Binance Smart Chain’s Rapid Growth: Nansen
The report by the blockchain data firm counters the widespread belief that retail investors were largely responsible for Binance Smart Chain’s rapid growth.
Valid Points: SEC Probes DeFi, Gas Fees Stabilize
Also: The rise of layer 2s and a comeback in total value locked (TVL) on Ethereum
Market Wrap: Bitcoin Plummets as El Salvador Buys the Dip
Bitcoin tumbled below $46K, triggering billions in long position liquidations.
Bitcoin Tumbles Most Since May and El Salvador Buys the Dip
Price drop triggers about $3 billion of liquidations of trading positions due to margin calls.
