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ForkLog 11 05.04.2024

Ethena Labs Incorporates Bitcoin into USDe Collateral, Drawing Comparisons to LUNA

Ethena Labs has integrated Bitcoin as a collateral asset for its “synthetic dollar” USDe. An expert has described this as a risk to digital gold. Excited to announce that Ethena has onboarded BTC as a backing asset to USDe This is a crucial unlock which will enable USDe to scale significantly from the current $2bn […]

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ForkLog 21 04.04.2024

VanEck Predicts Ethereum L2 Tokens to Reach $1 Trillion Market Cap

The market volume of second-layer network tokens within the Ethereum ecosystem is projected to reach at least $1 trillion by 2030, according to analysts at VanEck in a report. The investment company’s experts based their calculations on expected cash flow with a multiplier. Their revenue estimates include not only transaction fees but also income from […]

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ForkLog 12 04.04.2024

Ripple Sets Timeline for Launch of Its Own Stablecoin

Ripple has announced plans to launch its own stablecoin, pegged to the US dollar, by the end of 2024. 1/ The stablecoin market is booming – around $150B today, and projected to soar past $2.8T by 2028. There’s a clear demand for trust, stability, and utility. That’s why later this year we’re launching a stablecoin […]

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ForkLog 6 04.04.2024

Santiment Identifies Trending Tokens

Santiment has identified Wormhole (W), Ethena Labs (ENA), and Waves (WAVES) as the most popular tokens currently, reflecting market sentiment and sparking discussions. ? The following assets sit atop the top trending list of #crypto assets that are driving market discussions and sentiment: 1⃣?@wormhole $W: Trending due to the Wormhole Token Generation Event (TGE) and […]

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ForkLog 2 03.04.2024

Bitcoin’s Post-Halving Performance Analysed by Experts

The value of the leading cryptocurrency increased by an average of 3230% in the 12 months following a halving, according to estimates from CoinGecko. How has Bitcoin price performed after each halving? Our latest study shows that, on average, #Bitcoin price returned 3,230% gains within one year after each halving event. Read the full study: […]

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ForkLog 219 03.04.2024

Yi He: The Influential Force Behind Binance

In a move to comply with regulatory requirements, cryptocurrency exchange Binance has disclosed the composition of its board of directors. The board includes the platform’s CEO Richard Teng and three top executives: Heina (Guanying) Chen, Jingkai (Rock) He, and Lilai Wang. External board members are Gabriel Abed, former ambassador of Barbados to the UAE, Arnaud […]

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ForkLog 14 03.04.2024

Bitcoin Sales from Silk Road and Ethereum’s Quarterly Earnings: A Crypto Market Analysis

Following a correction, Bitcoin regained some ground, and other digital assets also showed positive trends. The current market is highly sensitive to news, prompting ForkLog to analyze recent events and gather expert opinions on the industry’s state. Sales and Purchases On April 2, a U.S. government-controlled wallet initiated a transfer of approximately 2,000 BTC (~$131 […]

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ForkLog 8 03.04.2024

KuCoin’s Market Share Halves Following US Regulatory Scrutiny

KuCoin’s market share fell from 6.5% to less than 3%. The platform’s client asset coverage level was 112%, with a 20% drop in deposited assets. KuCoin’s market share has more than halved, dropping from 6.5% to less than 3%, while daily trading volume decreased from $2 billion to $520 million, according to Kaiko analysts. Kucoin’s […]

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ForkLog 25 03.04.2024

Wormhole Unveils W Token Roadmap Ahead of Airdrop

The Wormhole team has outlined the development plan for the native W token and detailed its cross-chain integration. Following the token claim opening for airdrop participants, several CEXs will list the asset. In anticipation of the W token distribution, developers of the cross-chain protocol Wormhole discussed future plans for its development and integration into various […]

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ForkLog 7 02.04.2024

Experts Observe Redistribution of Dormant Bitcoins

The market has shifted to a mode where spending and profit-taking are the dominant price formation mechanisms. Approximately 1.875 million BTC (9.5% of the total in circulation) changed hands at prices above $60,000. Long-term Bitcoin investors are successfully executing a distribution cycle, realizing profits and activating “dormant” coins to meet new demand, according to Glassnode. […]

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ForkLog 9 02.04.2024

Bitcoin Falls Below $65,000 Amid Mass Long Liquidations

On the night of April 2, the price of the leading cryptocurrency plummeted from $69,500 to $66,000, marking a 5% drop within 24 hours. 15-minute BTC/USDT chart from Binance. Data: TradingView. April 2, 2024 | 16:44Update: Bitcoin has dropped below $65,000 and is trading around $64,800 at the time of writing. 15-minute BTC/USDT chart from […]

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ForkLog 37 01.04.2024

Vitalik Buterin Unveils Details of Ethereum’s Next Update

Ethereum co-founder Vitalik Buterin has outlined the next phase of the blockchain’s roadmap, known as The Purge. This initiative aims to simplify the network’s structure and reduce the load on nodes. A quick note on next steps in Ethereum protocol simplification and node resource load decreases (aka “the Purge”):https://t.co/BAebCGrisB — vitalik.eth (@VitalikButerin) April 1, 2024 […]

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