G.M Frens !
It's finally Friday !
š° Today's Crypto and Defi Rundown: All the must-know updates in one place! š
News š
---------------------------
ā¢ š 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-insā
ā¢ š„ Bitcoin Miner Revenue Rises: Bitcoin miners have reported a 12% increase in revenue today, benefiting from the recent rise in Bitcoinās price and a slight reduction in mining difficultyā.
ā¢ š ļø Ethereum Gas Fees Spike: Ethereum network experiences a surge in gas fees as layer 2 protocols like Arbitrum and Optimism see increased usageā.
ā¢ š 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 solutionsā.
ā¢ š³ Visa Expands USDC Pilot: Visa expands its pilot program for USDC stablecoin settlements, allowing more merchants to settle transactions on Ethereum.
ā¢ š§ Chainlink Introduces New AI Oracles: Chainlink launches AI-powered oracles to enhance smart contract capabilities, bridging real-world data with decentralized applicationsā.
ā¢ šø Polygon (MATIC) Sees Strong Adoption: Polygon announces partnerships with several global corporations to bring decentralized applications to mainstream businessesā.
ā¢ š¦ 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 Payā.
ā¢ š Africaās Crypto Adoption Booms: African countries see a surge in crypto adoption, especially in peer-to-peer payments and remittances, fueled by local currency instabilityā.
ā¢ š Solana Launches New DeFi Platform: Solanaās latest decentralized finance platform aims to offer higher scalability and lower transaction fees, attracting a wave of new DeFi usersā.
ā¢ š Stellar Launches Smart Contracts: Stellar (XLM) officially launches its smart contract capability, allowing developers to create complex DeFi applications on its networkā.
ā¢ š¼ļø NFT Market Rebounds: The NFT market shows signs of recovery, with sales volumes increasing by 15% over the past 24 hours across major marketplacesā.
ā¢ š® Gaming Token Rally: Gaming tokens like AXS and ENJ are seeing strong momentum as blockchain gaming continues to attract mainstream gamersā.
ā¢ ā” Cardano Releases Hydra Update: Cardano's Hydra update is live, significantly boosting the networkās transaction speeds and scalability for DeFi projectsā.
ā¢ šļø U.S. Congress Debates Crypto Legislation: The U.S. Congress intensifies its debate on comprehensive crypto regulation, focusing on stablecoin oversight and investor protections.
ā¢ š DeFi Protocol Suffers Exploit: A new DeFi protocol was hacked for $12 million, leading to increased concerns about security vulnerabilities in the decentralized finance spaceā.
ā¢ šØ Crypto Art Goes Mainstream: Major auction houses report record sales of crypto art as NFTs from leading digital artists fetch multimillion-dollar bidsā.
ā¢ š§āš¬ Ethereum Developers Propose Sharding Update: Ethereum core developers propose an updated sharding roadmap to address network congestion and improve scalability.
ā¢ š± Chia Blockchain Sees Increased Interest: Chiaās eco-friendly blockchain technology attracts institutional investors due to its energy-efficient proof-of-space consensus mechanism.
ā¢ š”ļø Cybersecurity Concerns Rise in Crypto: Increasing ransomware attacks targeting exchanges and individual crypto wallets spark calls for improved security measures.
ā¢ š Polkadot Partners with Major Financial Institutions: Polkadot forms partnerships with global financial institutions to bring interoperability solutions to the banking industryā.
ā¢ š° 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 assetā(
ā¢ š Bitcoin Short Liquidations Reach $30M: Over $30 million worth of Bitcoin short positions were liquidated today, as the assetās price continues to rise, forcing bearish traders to close positionsā
---------------------------
Have a good week end !
Stay informed, stay ahead! š
See u soon š
Maboo :)
