G.M Frens !
It's finally Friday !
📰 Today's Crypto and Defi Rundown: All the must-know updates in one place! 👇
News 📝
---------------------------
• 📊 Bitcoin Transaction Volume Soars by 18%: Bitcoin transaction volumes saw an 18% surge over the last 24 hours, fueled by growing institutional interest and retail buy-ins
• 🔥 Bitcoin Miner Revenue Rises: Bitcoin miners have reported a 12% increase in revenue today, benefiting from the recent rise in Bitcoin’s price and a slight reduction in mining difficulty.
• 🛠️ Ethereum Gas Fees Spike: Ethereum network experiences a surge in gas fees as layer 2 protocols like Arbitrum and Optimism see increased usage.
• 🚀 Immutable X Leads Altcoin Gains: Immutable X tops the list of altcoin gainers with a 14% increase in price, driven by growing interest in layer-2 scaling solutions.
• 💳 Visa Expands USDC Pilot: Visa expands its pilot program for USDC stablecoin settlements, allowing more merchants to settle transactions on Ethereum.
• 🧠 Chainlink Introduces New AI Oracles: Chainlink launches AI-powered oracles to enhance smart contract capabilities, bridging real-world data with decentralized applications.
• 💸 Polygon (MATIC) Sees Strong Adoption: Polygon announces partnerships with several global corporations to bring decentralized applications to mainstream businesses.
• 🏦 Louisiana Accepts Bitcoin for State Services: Louisiana becomes the first U.S. state to accept cryptocurrency payments for services like fishing licenses, with payments processed via Bead Pay.
• 🌍 Africa’s Crypto Adoption Booms: African countries see a surge in crypto adoption, especially in peer-to-peer payments and remittances, fueled by local currency instability.
• 🌐 Solana Launches New DeFi Platform: Solana’s latest decentralized finance platform aims to offer higher scalability and lower transaction fees, attracting a wave of new DeFi users.
• 📈 Stellar Launches Smart Contracts: Stellar (XLM) officially launches its smart contract capability, allowing developers to create complex DeFi applications on its network.
• 🖼️ NFT Market Rebounds: The NFT market shows signs of recovery, with sales volumes increasing by 15% over the past 24 hours across major marketplaces.
• 🎮 Gaming Token Rally: Gaming tokens like AXS and ENJ are seeing strong momentum as blockchain gaming continues to attract mainstream gamers.
• ⚡ Cardano Releases Hydra Update: Cardano's Hydra update is live, significantly boosting the network’s transaction speeds and scalability for DeFi projects.
• 🏛️ U.S. Congress Debates Crypto Legislation: The U.S. Congress intensifies its debate on comprehensive crypto regulation, focusing on stablecoin oversight and investor protections.
• 🔒 DeFi Protocol Suffers Exploit: A new DeFi protocol was hacked for $12 million, leading to increased concerns about security vulnerabilities in the decentralized finance space.
• 🎨 Crypto Art Goes Mainstream: Major auction houses report record sales of crypto art as NFTs from leading digital artists fetch multimillion-dollar bids.
• 🧑🔬 Ethereum Developers Propose Sharding Update: Ethereum core developers propose an updated sharding roadmap to address network congestion and improve scalability.
• 🌱 Chia Blockchain Sees Increased Interest: Chia’s eco-friendly blockchain technology attracts institutional investors due to its energy-efficient proof-of-space consensus mechanism.
• 🛡️ Cybersecurity Concerns Rise in Crypto: Increasing ransomware attacks targeting exchanges and individual crypto wallets spark calls for improved security measures.
• 🔗 Polkadot Partners with Major Financial Institutions: Polkadot forms partnerships with global financial institutions to bring interoperability solutions to the banking industry.
• 💰 MicroStrategy Acquires $150M Worth of Bitcoin: MicroStrategy has purchased an additional $150 million worth of Bitcoin, further strengthening its position as one of the largest corporate holders of the asset(
• 📉 Bitcoin Short Liquidations Reach $30M: Over $30 million worth of Bitcoin short positions were liquidated today, as the asset’s price continues to rise, forcing bearish traders to close positions
---------------------------
Have a good week end !
Stay informed, stay ahead! 🚀
See u soon 😇
Maboo :)
