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ForkLog 16 16.08.2024

AI and Crypto: Bubble or Future?

Cryptocurrency projects linked to artificial intelligence may face setbacks due to a potential “bubble burst” in the sector, experts have suggested. A growing group of Wall Street analysts is concerned about the massive investments in AI, which could lead to a financial bubble. The technology may not generate enough profit to justify the billions invested. […]

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ForkLog 21 15.08.2024

Ethereum Supply Surpasses 120 Million Coins

Ethereum’s annual inflation rate has risen to 0.69%. EigenLayer is integrating an option for active validation services to add ERC-20 tokens that can be withdrawn without permission. Khelp Financial co-founder and CEO Boomer Saraga claims Ethereum’s price undervalues its fundamentals. The issuance of the second-largest cryptocurrency by market capitalization has reached 120.28 million ETH, according […]

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ForkLog 8 15.08.2024

Bitwise Reports 44% of Asset Managers Increased BTC-ETF Holdings

In the period from April to June, 44% of asset managers increased their investments in spot Bitcoin ETFs, while another 22% maintained their existing positions. These figures were reported by Bitwise, based on filings with the SEC. A few initial thoughts after reviewing the Q2 Bitcoin 13-F filings: 1) The Institutions Are Still Coming; Total […]

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ForkLog 33 15.08.2024

US Tokenized Treasury Market Predicted to Reach $2.7 Billion

The market for tokenized US Treasury obligations is expected to reach between $2.12 billion and $3.93 billion by the end of the year. DAO investments could become a key driver for sector growth. Fidelity is considering launching a stablecoin. The market for tokenized US Treasury obligations could reach $2.66 billion by the end of 2024, […]

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ForkLog 14 15.08.2024

Casino Odds Outshine Meme Tokens

The odds of finding a successful meme coin for profitable investment on the Pump.fun platform are lower than placing a winning bet in a casino, reports Cointelegraph. A trader and creator of a thematic dashboard on Dune, known as Adam, provided statistics for a single day. Out of 16,357 tokens launched through the “meme factory,” […]

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ForkLog 10 14.08.2024

Bitcoin Market Sees a Return to HODLing, Say Experts

Amidst the indecision of Bitcoin investors following a sharp decline in early August, a clear return to long-term coin accumulation is evident, according to Glassnode. With the market currently digesting the largest #Bitcoin downtrend of the cycle, indecision amongst digital asset investors remains apparent. However, below the surface, a distinct return to HODLing and accumulation […]

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ForkLog 10 14.08.2024

Solana’s Path to $190: A More Realistic Outlook

The rise of Solana to $190 appears more realistic than reaching $300-1000, due to competition with Ethereum’s L2 and the risk of diminishing hype around meme coins. The Firedancer update could set a new standard for blockchain scalability. Expert forecasts for Solana’s price range from $300 to $1000, yet on-chain data suggests a more realistic […]

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ForkLog 12 14.08.2024

Google Unveils AI-Enhanced Pixel Smartphones

Google has launched its new Pixel 9 smartphone range, featuring the default AI assistant Gemini, the Gemini Live voice chatbot, watches, headphones, and other AI-focused products. Pixel 9 Four new smartphones from Google will be available: Pixel 9, Pixel 9 Pro, 9 Pro XL, and Pixel 9 Pro Fold. The Pixel 9 Pro, priced from […]

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ForkLog 5 13.08.2024

Expert Warns of Bitcoin Correction Risks Amid ‘Death Cross’ Formation

A bearish ‘death cross’ has formed on the Bitcoin chart. The launch of BTC-ETF has increased the risk of heightened volatility over the weekend. Outflows from Grayscale’s ETHE have paused. The formation of a ‘death cross’ on the Bitcoin chart signals a potential new wave of sell-offs, despite the current rebound. This was highlighted by […]

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ForkLog 5 12.08.2024

Solana and XRP Lead July’s Crypto Market Rally

In July, Solana and XRP surged by 30.5% and 27.6% respectively, while the market capitalization rose by 6.1%. TVL in the DeFi segment increased by 3.5%, whereas NFT sales decreased by 7.14%. Binance maintained its lead in trading volumes among centralized exchanges, despite a decline in figures. By the end of July, the price of […]

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ForkLog 28 12.08.2024

BitGo Partners with Justin Sun and TRON to Expand WBTC Custody

Custodial platform BitGo has expanded the jurisdictions for storing bitcoin used in Wrapped Bitcoin (WBTC) to Singapore and Hong Kong. This development follows a strategic partnership with TRON-affiliated firm BiT Global. BitGo is pleased to announce the move of its WBTC business to the world’s first multi-jurisdictional and multi-institutional custody via a unique partnership and […]

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ForkLog 18 10.08.2024

Tether CEO Criticises MiCA as a Threat to Stablecoins and Banking

Paolo Ardoino criticised MiCA for its stringent rules requiring stablecoin issuers to hold at least 60% of reserves in the EU. The Tether CEO recalled the bankruptcy of Silicon Valley Bank, which led to the USDC depeg. By mid-2025, Tether will double its workforce, increasing the number of employees to 200. The European legislative proposal […]

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