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⚠️ Solana Co-Founder Touts Open Source as Key to Fair Finance 🔸 Solana's Anatoly Yakovenko discusses open source for fairness in finance, contrasting with Buterin's (BTC) views. SOL co-founder Anatoly Yakovenko recently made a strong case for the company’s potential to revolutionize fairness in finance. Speaking in response to Vitalik Buterin’s comments on Bitcoin’s block size debate, Yakovenko emphasized that Solana’s approach is not about competing with existing currencies or settlement layers but rather enhancing the accessibility and fairness of financial systems through technology. 🔸 Open Source Key to Solana’s Finance Vision The discourse between Yakovenko and Buterin illuminates a broader discussion on blockchain technology’s direction. Buterin, the co-founder of ETH, revisited the contentious (BTC) block size war, pointing out that the initial debate was whether to increase the block size limit to allow more transactions and reduce fees. However, he noted that such changes might centralize the network, which contradicts Bitcoin’s foundational principle of decentralization. He argues that Bitcoin should maintain its edge as a decentralized currency, free from the heavy hand of any central authority. In contrast, Yakovenko believes low latency and high throughput can democratize access to financial services. According to him, Solana’s technology leverages the most affordable hardware to push the boundaries of what decentralized systems can achieve, potentially eliminating many of the inequities in traditional finance. 🔸 Solana Co-Founder Supports Meme Coin Role Raj Gokal, another co-founder of Solana, also entered the fray with his views on meme coins’ role in the cryptocurrency ecosystem. Subtly targeting Buterin, Gokal defended the existence and growth of meme coins by emphasizing their role in the diverse landscape of permissionless systems. He argued that these coins contribute to the ecosystem by attracting different types of users and developers despite the skepticism they face from cryptocurrency purists. {spot}(SOLUSDT) $SOL #SOL

⚠️ Solana Co-Founder Touts Open Source as Key to Fair Finance


🔸 Solana's Anatoly Yakovenko discusses open source for fairness in finance, contrasting with Buterin's (BTC) views.


SOL co-founder Anatoly Yakovenko recently made a strong case for the company’s potential to revolutionize fairness in finance. Speaking in response to Vitalik Buterin’s comments on Bitcoin’s block size debate, Yakovenko emphasized that Solana’s approach is not about competing with existing currencies or settlement layers but rather enhancing the accessibility and fairness of financial systems through technology.

🔸 Open Source Key to Solana’s Finance Vision

The discourse between Yakovenko and Buterin illuminates a broader discussion on blockchain technology’s direction. Buterin, the co-founder of ETH, revisited the contentious (BTC) block size war, pointing out that the initial debate was whether to increase the block size limit to allow more transactions and reduce fees. However, he noted that such changes might centralize the network, which contradicts Bitcoin’s foundational principle of decentralization. He argues that Bitcoin should maintain its edge as a decentralized currency, free from the heavy hand of any central authority.

In contrast, Yakovenko believes low latency and high throughput can democratize access to financial services.

According to him, Solana’s technology leverages the most affordable hardware to push the boundaries of what decentralized systems can achieve, potentially eliminating many of the inequities in traditional finance.

🔸 Solana Co-Founder Supports Meme Coin Role

Raj Gokal, another co-founder of Solana, also entered the fray with his views on meme coins’ role in the cryptocurrency ecosystem. Subtly targeting Buterin, Gokal defended the existence and growth of meme coins by emphasizing their role in the diverse landscape of permissionless systems. He argued that these coins contribute to the ecosystem by attracting different types of users and developers despite the skepticism they face from cryptocurrency purists.

$SOL #SOL

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🦊 Shiba Inu (SHIB) Saved? Price Makes Unexpected Return Shiba Inu has made a substantial return to the market with a bounce off of the 50 EMA, which has been considered a strong support level for the asset. Luckily, SHIB did not let us down and performed the breakthrough many expected from it. However, there are numerous resistances ahead, so relying on a quick move up might not be the wisest decision. The blue line or 50-day EMA has served as a dependable level of support, giving SHIB the boost it needed to try a comeback. This rebound gives traders hope for a reversal and the confidence essential to stopping the larger decline that began more than a week ago. Another encouraging finding from the moving averages is that SHIB is currently trading above the 100-day EMA. Being above the 100 EMA, which frequently serves as a midterm trend indicator, may indicate that the overall trend is possibly turning more bullish. Still, the 50 day EMA is above the current price and may serve as a level of resistance in the near future. There has been an increase in trading activity during the recent price movements, as indicated by the trading volume bars. This surge in volume can indicate intense market interest and frequently follows notable price changes. But in order to overcome the current barriers and experience a prolonged upward trend, SHIB requires a steady high volume. Furthermore, the RSI displays a value of 50. There is potential for movement in either direction because SHIB appears to be in a neutral zone, neither overbought nor oversold. An increase toward 70 on the RSI may indicate overbought conditions. For now, SHIB is located in the middle and is unlikely to give us any kind of hint about the upcoming move. $SHIB #SHIB
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📉 JASMY price dips as DWF Labs moves tokens to Binance 🔸 JASMY dips as DWF Labs sents coins to exchange JasmyCoin’s price soared over the past three days, reaching highs of $0.04 on June 2. However, the token’s value has slipped to $0.034 as latest on-chain data indicates a leading crypto market maker has deposited a huge amount of JASMY to Binance. According to Spot on Chain, DWF Labs has deposited millions of JASMY tokens on exchanges in the past three days. In particular, DWF Labs’s cumulative deposits to Binance over the past three days have reached 97 million JASMY. That’s around $3.3 million worth of the popular token. While the market maker still holds approximately 24 million JASMY worth $841,000, the token’s price has slumped each time the company sent tokens to the crypto exchange. DWF Labs’ liquidation of such a significant holding of the token comes as a contrast to interest in memecoins. The company recently revealed its interest in adding meme coins to its portfolio. “We are in talks with a few meme coins and willing to deploy a large amount of funds in order to let them grow faster and efficient,” DWF Labs managing partner Andrei Grachev said in a post on X. Memecoins, including PEPE and WIF are up as a new frenzy takes hold. 🔸 JASMY price outlook: Can bulls bounce? JasmyCoin price soared earlier this year, breaking above the crucial hurdles at $0.01 and $0.02 on the back of major news. This followed the Japan-based tokenized platform’s announcement of its incubated Decentralized Physical Infrastructure Network (DePIN) project JanctionMGT. JASMY also surged amid reports of a partnership between Jasmy and tech giant Panasonic. However, despite the two companies’ plans around personal data and IoT, prices remained ranged until late last month. On May 30, reports surfaced of a potentially game-changing collaboration and JASMY broke above $0.03. Today’s slight dip after the DWF Labs transfers, the last of which hit Binance within the past 12 hours, may infuse new downside pressure. $JASMY #JASMY
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🚀 Terra Luna Classic Plans Major Upgrade The Terra Luna Classic (LUNC) community is gearing up for the much-anticipated v3.0.1 upgrade, set to commence within a few hours. According to community member Bay Diamondhandz1, the upgrade could lead to a temporary suspension of the LUNC chain. 🔸 What Changes Will the Upgrade Bring? This significant upgrade follows a near-unanimous decision by the Terra Luna Classic community. Garnering 99.9% approval from both members and validators, the proposal by the Terra Luna Classic Layer 1 development team, Original Labs, includes major updates like SDK 47 and other essential blockchain enhancements. Despite this positive development, LUNC’s price dropped by 2.95% to $0.0001163 in the last 24 hours, according to data from 21milyon.com. Analysts are puzzled by this decline, as such news usually spurs a positive price reaction. 🔸 Why Is the Market Reacting Differently? Interestingly, the market has shown positive sentiment following an agreement between the United States Securities and Exchange Commission (SEC), Terraform Labs, and Do Kwon. Observers have noted the favorable outlook towards Terra tokens amid this news. According to a new LUNC report, the positive sentiment from the SEC agreement has led to price predictions aiming for a $1 target. The v3.0.1 upgrade protocol will require validators to replace the old binary file with the new one, aiming to enhance the Terra network’s performance and operations. 🔸 Key Insights for Investors – The v3.0.1 upgrade is critical for LUNC’s blockchain improvements. – Market reaction to the upgrade news has been unexpectedly negative. – Positive sentiment is observed due to the SEC agreement involving Terraform Labs and Do Kwon. – Binance‘s support through token burns is significant for LUNC’s price recovery. In its recovery efforts, Terra Luna Classic has seen Binance, the world’s largest cryptocurrency exchange, burn a staggering 1.35 billion tokens as part of its internal LUNC support mechanism. $LUNC #LUNC #TerraLunaClassic
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🔓 June preview: $100 million token unlocks from Arbitrum and Aptos, plus APE, OP, and more Here’s a preview of the significant token unlock events across the crypto space for the month of June. $100 million unlocks from Arbitrum and Aptos lead the pack, which includes significant unlocks from Optimism, StarkNet, ImmutableX, Apecoin, and more.  June promises to be another significant month for token unlocks in the world of crypto, as significant projects unlock over $650 million worth of tokens at current prices. Much of that sum is made up of dual $100 million unlocks from Ethereum  ETH -1.49% Layer network Arbitrum  ARB -2.81% and buzzy Layer 1 Aptos  APT -2.66%, though a wide variety of projects and protocols plan to unlock tokens in June. Here are all the significant unlocks coming up this month, according to Token Unlocks data.  🔸 Aptos: June 12, $100 million Aptos, one of two projects largely staffed by former members of Facebook's Libra currency project (the other one being Sui), will unlock another 2.59% of its circulating supply on May 12, 11.31 million tokens at a current value of around $100 million.  🔸 ImmutableX: June 14, $55 million Web3 gaming firm ImmutableX  IMX -3.62% will unlock 1.72% of its circulating supply, 25.5 million tokens at a current value of $55 million, on June 13. VanEck said last December that the release of Web3 games like Illuvium  ILV -2.85% could catapult ImmutableX into a top 25 token by market cap in 2024.   🔸 StarkNet: June 15, $75 million StarkNet  STRK +1.95%, the Ethereum Layer 2 network which unveiled its 2024 roadmap in March and promised to enhance throughput and reduce transaction fees, will unlock 64 million tokens on June 15, representing 5.6% of the token's circulating supply. The current value of the tokens is about $75 million.  🔸 Arbitrum: June 16, $103 million Arbitrum, which recently became the first Layer 2 network to hit $150 billion total volume on Uniswap, will unlock 3.2% of its circulating supply on June 16. The 92.6 million tokens have a current value of about $103 million. 
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⭐️ Bitcoin post-halving run may reach $130K by September 2025 Bitcoin (BTC) could reach a cycle peak of $130,000 to $150,000 between late August to early September if it follows the trajectory of previous post-halving bull markets, according to crypto trader Peter Brandt. The recently-passed April 20 Bitcoin halving is a coded-in event about every four years that slashes mining rewards by 50%, and halving dates have “represented almost perfect symmetry within past bull market cycles,” Brandt wrote in a June 2 report. He claimed historically, the Bitcoin halving date has sat almost in the middle of when a bull market starts and when it reaches its peak. The last Bitcoin bull market started about 16 months before the halving on May 11, 2020, and the cycle ended about 18 months after that, according to Brandt’s analysis. “If this sequence continues, the next bull market cycle high should occur in late Aug/early Sep 2025,” he wrote. Brandt added that “no method of analysis is fool-proof” when it comes to guessing Bitcoin’s cycle high, but past highs have followed a similar growth pattern and if it continues he puts a bull market high “in the $130,000 to $150,000 range.” 🔸 Chance Bitcoin has already topped Brandt’s analysis marks Dec. 17, 2022, as the start of the current bull market. BTC traded around $16,800 then, but it has since gained over 300% to trade at $67,882, per Cointelegraph Markets Pro. Bitcoin is down from its March 14 all-time high of $73,679, however, and Brandt believes there’s a 25% chance that Bitcoin has already hit a bull market top as each bull cycle’s gains are dropping relative to the one prior. If BTC fails to make a new all-time high and sinks below $55,000, Brandt says he’d raise the probability that the cryptocurrency is experiencing an “exponential decay.” $BTC #BTC #Bitcoin
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