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Cross-Chain communication protocol platform LayerZero has crossed 50 million cross-chain messages, as revealed by the platform on Tuesday, July 25. This significant milestone proves the massive trading activity and cross-chain token swaps that happen across several chains daily. LayerZero’s Impressive Growth The ‘50-million cross-chain messages’ is undoubtedly a testament to how much
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“Enthusiasm for bitcoin is growing, propelled by efforts to revive spot bitcoin ETF applications,” Rachel Lin, CEO and co-founder of SynFutures, told CryptoX in a note. “Its commanding presence in the crypto market is increasingly evident, making up nearly half of the industry's $1.2 trillion market cap, the most dominant
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The latest price moves in bitcoin (BTC) and crypto markets in context for June 22, 2023. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
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Bitcoin (BTC), the world’s largest cryptocurrency by market value, has rallied above $29,000 for the first time in over a month. This comes following an uptick in bullish sentiment in the crypto market as traditional finance (TradFi) players push further into crypto. Source
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A large whale added over $10 million worth of SHIB tokens on Tuesday, data shows. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Following the recent Shapella upgrade, the proof-of-stake blockchain has now enabled withdrawals for the first time, resulting in a surge of activity among ETH holders who are eagerly staking their tokens with network validators. As a result,
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“Bitcoin has effectively decoupled from the traditional markets since the start of the year, up over 80% while stocks have slumped,” said Alex Adelman, CEO of bitcoin rewards app Lolli, in an email to CoinDesk. “Bitcoin’s strength compared to the traditional markets shows that investors are increasingly shifting their capital
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Camelot’s growth comes amid massive interest in Arbitrum’s ARB airdrop coming on Thursday. Camelot is a DEX built on Arbitrum, and users in the Camelot ecosystem are expecting ARB, once airdropped, to be listed on the DEX, which would mean ARB can be traded or deposited in Camelot’s liquidity pools. Source
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As such, data suggests the price action was spot driven. As of Tuesday, open interest on futures remained below Mar. 9 levels, when bitcoin traded above $23,500, even as bitcoin retraced all losses – implying the price action was led by investors purchasing bitcoin instead of being futures driven. Source
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“This upgrade will bring new cryptographic primitives to Cardano, encouraging greater interoperability and secure cross-chain DApp development with Plutus,” IOG said Wednesday. Original Source
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