CZ Urges Transition from Meme Coin to Utility-Based Blockcha | Irt Gnoul on Binance Square

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CZ Urges Transition from Meme Coin to Utility-Based Blockchain InitiativesFormer Binance CEO Changpeng 'CZ' Zhao has expressed concerns about the rising popularity of meme coins, calling on blockchain developers to shift their focus toward utility-based improvements.
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The live price of Ethereum is $2,713.65 per (ETH / USD) with a current market cap of $327.16B USD. 24-hour trading volume is $17.26B USD. ETH to USD price is updated in real-time. Ethereum is +3.57% in the last 24 hours with a circulating supply of 120.56M. $ETH

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On February 21, 2025, at 10:00 AM UTC, a whale who had previously incurred a $5.02 million loss (-36%) on $VIRTUAL at the beginning of the month resumed purchasing the token. This whale transferred 4,006 ETH, valued at $10.9 million, to a new address (0xa8f...246) and spent 419 ETH ($1.14 million) to acquire 1.049 million $VIRTUAL tokens at an average price of $1.09 per token (debank.com/profile/0xa8f3...). This event marks a significant pivot in the whale's strategy, reflecting renewed confidence in $VIRTUAL despite earlier setbacks. The whale's previous purchase was on February 1, 2025, at 09:30 AM UTC, where they acquired $VIRTUAL at a higher average price of $1.55 per token, leading to the aforementioned loss (cryptoquant.com/whale-activity/virtual-020125). This recent move indicates a belief in a potential price recovery for $VIRTUAL, possibly driven by market sentiment or upcoming developments related to the token. #VIRTUALWhale

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A gas fee is the term used for a transaction fee charged by a blockchain network. Gas fees are charged for any function on a blockchain that requires validation, such as transferring cryptocurrency. They're the fuel that keeps the blockchain network running, hence the term "gas fee." Not all blockchains use this terminology. Ethereum (ETH 2.06%) was the first cryptocurrency to popularize it. Other types of cryptocurrency may call these transaction fees, miner fees, or something similar. Cryptos such as Ethereum operate on a blockchain, a digital ledger of transactions distributed to a large and decentralized network of computers that manage the blockchain. This is in contrast to cloud computing, which is a centrally managed computing process (usually via a company’s data center). Gas is paid to the decentralized network of computers for performing the work -- in this case, the computing power -- needed to execute and record operations on Ethereum. The gas fees go to the validators who verify and add blocks of transactions to the blockchain. For blockchains that use crypto mining, gas fees go to miners. For blockchains that use a proof-of-stake system, gas fees go to validators who have staked their cryptocurrency. #GasFeeImpact

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What is wallet screening? Wallet screening is the process of analyzing cryptocurrency wallet addresses to assess their risk levels and identify any connections to illicit activities or high-risk entities. It is a critical component of cryptocurrency compliance and blockchain intelligence, helping to ensure that digital assets are not used for illicit purposes such as money laundering, fraud, or terrorism financing. Wallet screening leverages advanced blockchain analytics to flag suspicious addresses and enhance transparency within the cryptocurrency ecosystem. #WalletActivityInsights

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Why is market sentiment tracking important? Market sentiment refers to the overall attitude of investors towards a particular stock or stock market as a whole. Positive and negative sentiment help drive price fluctuation, creating investment opportunities for active traders and long-term investors. Sentiment analysis is proven to be a successful method of including the effects of market psychology in a trading strategy. Empirical evidence proposes that market sentiment is one of the most reliable indicators of future price shifts. #MarketSentimentWatch

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