Author: Liam Davis

Coinbase’s layer 2 chain, Base, begins the journey to Stage 1 Decentralisation by deploying fault proofs on the Base Sepolia testnet. The Base network is centralised as only the operator can propose the network’s state to the Ethereum mainnet. Fault proofs will enable anyone to propose Base’s state, and begin its transition into a decentralised rollup. on July 23rd 2024, the Base network operator announced the deployment of fault proofs to the Base Sepolia testnet, a staging environment for running and testing applications and code before deploying on the mainnet. According to Base’s social media post on Mirror, a Web3…

The Bitcoin open interest is a good indicator of how investors are viewing the cryptocurrency and what bets they’re making. This is why the metric hitting a new all-time high is a big deal, carrying serious implications for the market. Once again, the Bitcoin open interest has set a new record and this could spell doom for the digital asset, even if just in the short-term. Bitcoin Open Interest Sets New Record In an interesting turn of events, the Bitcoin open interest has now risen to a new all-time high. After hitting a record high of $39.03 billion back in…

[PRESS RELEASE – Miami, Florida, July 23rd, 2024] FLOKI, the cryptocurrency ecosystem, announced today that Valhalla, a MMORPG (Massively Multiplayer Online Role-Playing Game) spin on the classic Creature-Collection adventure, will be the Associate Sponsor for India’s Tour of Sri Lanka. This partnership will give Valhalla significant visibility through mid-wicket pitch mats, ground LED boards, backdrops, and other high-visibility ground assets. Floki is the people’s cryptocurrency and the utility token of the Floki Ecosystem. FLOKI aims to become the world’s most known and used cryptocurrency, focusing on utility, philanthropy, community, and marketing. India will be touring Sri Lanka following their historic…

Poodlana presale has raised over $2.1 million in under a week as Dogecoin price struggles for momentum. The crypto-savvy are joining in as a fashion-centric Poodlana creates waves in Asia. Poodlana’ presale opportunity is only available for 30 days and ends on August 16. Dogecoin (DOGE) recently reached highs last seen in early June, and could target a fresh bounce to year-to-date levels. Meanwhile, Poodlana (POODL) is the new Solana hit that has raced to over $2.1 million in less than a week since its 30-day presale launched. Dogecoin eyes recovery Dogecoin’s launch brought to crypto a fun meme token…

Solana (SOL) breakout above $160 could ignite rally to new year-to-date highs. Poodlana (POODL) has hit $1.4 million in presale, just 48 hours after launch. Catalysts such as SOL price gains, Asia’s love for Poodlana and meme coins surge make POODL attractive in presale. Solana (SOL) is trading above $160 as bulls look to strengthen. Meanwhile, viral meme coin Poodlana (POODL) has ignited a major frenzy as its presale smashes past the $1.4 million mark within 48 hours of launch. SOL has analysts eyeing recent highs amid positive sentiment, likely driven by further gains for BTC and ETH.  Solana’s price…

Ethereum (ETH) is up in the last 24 hours. This is thanks to a recent development suggesting that the Spot Ethereum ETFs are set to launch anytime soon. These funds are expected to positively impact ETH’s price, with the second-largest crypto token poised to reach new highs.  Why ETH Is Up Today Ethereum experienced a price surge following Bloomberg analyst Eric Balchunas’ revelation that the Spot Ethereum ETFs could begin trading by July 23. Balchunas mentioned in an X (formerly Twitter) post that the US Securities and Exchange Commission (SEC) has gotten back to the fund issuers and asked them…

The US spot Bitcoin ETFs recorded a daily net inflow of $301 million on July 15th. This extended their winning streak to seven consecutive days amidst a broader market recovery. None of the ETFs recorded outflows for the day. Bitcoin ETFs Rake in $16.11B in Net Inflows Since Jan According to the data compiled by SoSoValue, BlackRock’s IBIT, the top spot Bitcoin ETF by net asset value, recorded the largest net inflows of the day at $117.25 million. IBIT was also the most actively traded Bitcoin ETF on Monday, with a volume of $1.24 billion. Ark Invest and 21Shares’ ARKB…

Trump related meme coins spiked after gunman shot at Donald Trump during a rally on Saturday. MAGA, Super Trump and Donald Tremp rose while Jeo Boden slipped. PolitiFi meme coins surged sharply late Saturday, with MAGA (TRUMP) and Super Tremp (STRUMP) and Donald Tremp (TREMP) gaining by more than 37%, 40% and 46% respectively. Shooting incident at a Trump rally The spike in the Trump-related meme coins follows an incident involving former US President Donald Trump. While at a rally in Pennsylvania on Saturday, Trump survived what appears to have been an assassination attempt. Secret Service rushed the former president…

CFTC Chair Rostin Behnam says a majority of cryptocurrencies, 70-80%, are non-securities. Behnam appeared before the  U.S. Senate Committee on Agriculture, Nutrition and Forestry’s Hearing on the Oversight of Digital Commodities on Wednesday. Rostin Behnam, the chairman of the Commodities Futures Trading Commission (CFTC), has reiterated his belief that the CFTC is better placed as the agency to oversee crypto. The CFTC chair made the comments in a testimony during the  U.S. Senate Committee on Agriculture, Nutrition and Forestry’s Hearing on the Oversight of Digital Commodities on Wednesday. Behnam told lawmakers of the recent court rulings in Illinois that declared…

A Dutch court has denied bail for Tornado Cash developer Alexey Pertsev, who was convicted of money laundering in May. This decision is a significant setback for Pertsev, who has been held in custody for the past two months without computer or internet access despite being requested in order to prepare for his defense. Pertsev Remains in Custody The Court of Appeal of ‘s-Hertogenbosch ruled that Pertsev will remain in custody as he prepares for his appeal. Despite his defense lawyers, Keith Cheng and Judith de Boer, arguing that Pertsev is not a flight risk and needs internet access to…