In a significant move that underscores the Eigen Foundation’s commitment to strengthening Ethereum’s infrastructure, the organization has pledged 1% of its EIGEN token supply to the Protocol Guild. This fund is pivotal for powering research and development (R&D) efforts related to Ethereum Layer 1. In a blockchain ecosystem often fraught with issues of trust and
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Ethereum (ETH), one of the foremost players in the cryptocurrency realm, has recently experienced a notable recovery, with its price climbing by 4.7% within a 24-hour frame. This upward trend has reinvigorated bullish sentiments among market observers, creating a hopeful outlook for the cryptocurrency’s future performance. Breaking through crucial support zones often indicates potential continued
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In a remarkable twist, GateToken, the flagship cryptocurrency of the Gate.io exchange, achieved a record peak recently amidst swirling rumors of a possible security breach. It’s a scenario that lays bare the volatile nature of the cryptocurrency market, where speculation can lead to sharp price fluctuations. Upon hitting an impressive high of $13.79, GateToken saw
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As the digital landscape continues to evolve, Web3 technologies are gaining significant traction among users across the globe. The recent ConsenSys Web3 Survey, conducted by YouGov, offers valuable insights into how individuals interact with decentralized platforms such as blockchain, non-fungible tokens (NFTs), and cryptocurrencies. With feedback collected from over 18,000 participants spanning 18 countries across
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In a significant ruling, the Australian Securities and Investments Commission (ASIC) has imposed a hefty $5 million fine on Bit Trade, the firm behind the Kraken cryptocurrency exchange. This monumental decision, stemming from a federal court ruling, highlights the increasing scrutiny on financial entities and their adherence to the regulatory obligations set forth by Australian
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In the rapidly evolving world of cryptocurrency exchanges, Binance has firmly established itself as a dominant force. A recent report revealed that customer deposits on the platform reached an astounding $21.6 billion in 2024, a figure that highlights the exchange’s unparalleled standing within the industry. This milestone places Binance far ahead of its closest competitors.
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Ethereum has been experiencing significant price fluctuations, primarily confined within the $3,500 to $4,000 trading range. Recently, the cryptocurrency found vital support at the lower end of this spectrum, around the $3,500 mark, after a brief downturn from the upper bound at $4,000. The resilience demonstrated by Ethereum around the $3,500 level underscores not only
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