SOL is up more than 20% this week, and data suggests that the rally will continue. Source: https://cointelegraph.com/news/solana-open-interest-hits-record-high-will-sol-top-200?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: November 2024
Ethereum fees poised for rebound amid L2, blob uptick
In November, L2s have been posting some 3x more transaction data each day to mainnet than they did in March. Source: https://cointelegraph.com/news/ethereum-revenues-rebound-amid-l2-blob-uptick?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
FTX Founder Gary Wang Hopes to Avoid Prison—Unlike SBF and Caroline Ellison
Gary Wang, a co-founder and former bigwig of the now-collapsed FTX crypto empire, has asked a judge to be spared from prison after a fellow executive managed to avoid a lengthy sentence. The founder’s lawyer argued that Wang faced the fewest criminal counts in the case and was one of the first to admit wrongdoing, court documents filed Wednesday show.…
Defi Nears $100 Billion Milestone as Crypto Market Heats Up
According to the latest data, the crypto economy’s 2.45% climb over the last day is pushing the total value locked in decentralized finance (defi) protocols tantalizingly close to a $100 billion milestone. $100 Billion in Sight in the Wide World of Defi Protocols As of 11 a.m. Eastern Time (ET) on Thursday, the total value […] Source: https://news.bitcoin.com/defi-nears-100-billion-milestone-as-crypto-market-heats-up/
Load variability is key to AI energy infrastructure — TeraWulf CTO
United States lawmakers believe Building energy infrastructure for Bitcoin mining, AI, and high-performance computing is a major priority. Source: https://cointelegraph.com/news/load-variability-key-ai-energy-infrastructure-tera-wulf-cto?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The influence of the 2024 US elections on the crypto market: Report
Explore how Trump’s presidency may shape the future of crypto and the potential impact of his policy on crypto companies. Source: https://cointelegraph.com/news/the-influence-of-the-2024-us-elections-on-the-crypto-market-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Whales Won Millions Betting on Trump, But 86% of Polymarket Traders Have Lost Money
Prediction market Polymarket shot to prominence amid the recent U.S. election, attracting monthly trading volume just shy of $2.5 billion in October with over $1.2 billion more already racked up in November. Some users made millions betting on the election—but ultimately, data suggests that most bettors have actually lost money using the platform to date. Polymarket has allowed users to…
Alameda Boss Caroline Ellison Reports to Federal Prison for Role in FTX Scandal
Caroline Ellison, former chief executive of Alameda Research and a pivotal witness in the case against FTX founder Sam Bankman-Fried, has reported to a low-security federal prison in Connecticut following her two-year sentence, according to a CNBC report. Reporter MacKenzie Sigalos and Dawn Giel wrote that Ellison, who cooperated extensively with federal prosecutors, was instrumental […] Source: https://news.bitcoin.com/alameda-boss-caroline-ellison-reports-to-federal-prison-for-role-in-ftx-scandal/
Crypto Industry Experts React as Trump’s Re-Election Shakes up Digital Assets
With the U.S. 2024 election behind us and Donald Trump now set to return to the White House, voices across the crypto industry are buzzing. Many experts eagerly shared their views with Bitcoin.com News, providing a window into the community’s expectations and potential shifts in the sector’s future. Election Aftershock: What Trump’s Win Means for […] Source: https://news.bitcoin.com/crypto-industry-experts-react-as-trumps-re-election-shakes-up-digital-assets/
Magic Labs, Polygon launch cross-chain smart wallet for AggLayer
Newton’s testnet went live on Polygon’s AggLayer, promising a cross-chain solution for smart wallets. Source: https://cointelegraph.com/news/magic-labs-polygon-launch-cross-chain-smart-wallet-agg-layer?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound