PancakeSwap rewards users with 2.4M ZK token airdrop

PancakeSwap will airdrop 2.4 million ZK tokens to reward its community and boost zkSync PancakeSwap engagement.

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Web3 users reached an all-time high of 10M in Q2: DappRadar

The second quarter saw a record number of Web3 unique daily active wallets, but DappRadar cautioned the growth may be due to temporary airdrops.

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Sky Mavis co-founder breaks down Ronins surge in active users

Sky Mavis co-founder Jeffrey Zirlin believes that Ronin has a dedicated and resilient community that has been built since the launch of Axie Infinity.

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Gaming blockchain Ronin records 2M daily active users: Token Terminal

Ronin blockchain surpasses every other blockchain in daily active users, recording a two million DAU count on July 29.

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Ethereum and layer-2 addresses surge 127% this year Glassnode

While Bitcoin saw a 20% drop in daily active addresses in Q2 2024, Ethereum and L2s posted a 127% increase in such addresses in H1 2024.

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XRP Adoption & Activity Spike: What This Means For Its Price

On-chain data shows XRP is observing a spike in its adoption and network activity. Here’s what this could mean for the asset. XRP New Addresses & Active Addresses Have Both Spiked According to data from the on-chain analytics firm Santiment, XRP has seen two metrics hit the highest levels since March recently. The first indicator [...]

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Litecoin Overtakes Ethereum In This Metric Whats Happening?

The price of Litecoin (LTC) has had a disappointing performance in the second quarter of 2024, despite making a positive start to the year. The cryptocurrency has been facing significant bearish pressure in the past day, with its price falling by nearly 5% in a single move. Despite LTCs apparent struggles in terms of price action, its network has witnessed remarkable growth in recent weeks.  LTC Addresses Spike By 75% In A Single Day According to data from the on-chain analytics firm IntoTheBlock, activity on the Litecoin blockchain has been on the rise lately. On Thursday, June 8th, the number of active addresses on the network surged by over 75% to claim above 600,000. Related Reading: Is A Bitcoin Crash Below $50,000 Still Possible? Crypto Analyst Shares The Possibilities IntoTheBlock revealed – via a post on the X platform – that this latest spike in addresses pushed the Litecoin network to a new high since January. This suggests increased interest in the LTC blockchain despite its coins price struggles. When the number of addresses with a balance increases, it implies the entry of fresh investors or the return of old owners to a blockchain (Litecoin, in this case). It is often a strong indication of net adoption or rising faith in a particular network. Interestingly, the crypto intelligence firm highlighted that this recent growth spurt has propelled Litecoin ahead of the smart contract platform Ethereum in terms of active addresses. The network is well ahead of Ethereum by at least 100,000 addresses, according to IntoTheBlock. The number of active addresses is not the only area in which Litecoin has seen growth in the past day. The volume of transactions also experienced a significant increase. According to IntoTheBlocks data, the number of LTC transactions surpassed 426,000 on Thursday. The on-chain analytics platform noted: While most of the increase is due to transactions smaller than $10, there is a noticeable rise in transactions of all sizes. Impact On Litecoin Price Strong fundamentals and network growth have been known to drive the price of crypto assets in many scenarios. In simple terms, an increase in network activity and users often translates to an increase in the networks valuation. Related Reading: Injective (INJ) Price Set To Skyrocket 33% On Classic Bullish Signal: Crypto Analyst However, the impact of network fundamentals on asset prices is never straightforward. In Litecoins case, there has been no significant positive development in its price since the latest on-chain revelation.  As of this writing, the price of LTC stands around $80.28, reflecting a 4.5% decline in the past day. Featured image from Getty, chart from TradingView

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Ethereum (ETH) Records Surge In Active Addresses Incoming Price Rebound?

Ethereum (ETH) is currently down by 0.75% as its price continues a range-bound movement seen all week. However, in its monthly timeframe, the most prominent altcoin displays a concerning performance with a reported loss of 6.40% according to data from CoinMarketCap.  However, popular crypto analyst Ali Martinez has picked up a notable development on the Ethereum network which could spell good fortunes for price action in the coming days. Related Reading: Ethereum Price Retreats: Market Sentiment Slowly Shifts Bearish Ethereum Active Addresses Soar To 3-Month High At 617,170 In an X post on June 22, Martinez reported a significant spike in the active addresses on the Ethereum blockchain. Using data from blockchain analytics company Santiment, the crypto analyst noted there were 617,170 active Ethereum users on June 21, marking the highest value for this metric in the past three months. #Ethereum just saw its largest spike in active $ETH addresses in three months, reaching a total of 617,170 active #ETH addresses. pic.twitter.com/CSqBOnQhEr Ali (@ali_charts) June 22, 2024 This development has sparked much speculation in the Ethereum community as a rise in active addresses often signifies an increase in network activity which is quite important following Ethereum’s overall negative performance in the last month.  In theory, this is a positive omen for ETHs price as higher activity corresponds with a rise in user transactions thus driving higher demand for the cryptocurrency and ultimately producing a price rebound. Many Ethereum enthusiasts would likely hope that this turns out to be the case when the altcoin breaks out of its current condition between $3,400 and 3,600. Related Reading: 3 Reasons To Invest In Ethereum, 1 To Stay Bitcoin-Only: Bitwise CIO ETH Propped For Major Rebound  In other news, another crypto analyst Michaël Van De Poppe has also added to Ethereum’s chances of staging market recovery. Using the ETH/BTC price chart, van De Poppe stated that as long as ETH trades above the 0.05 price mark, the tokens downtrend is set to undergo a reversal soon.  Currently, ETH trades around $3,504.42 with a 1.56% decline in the past week. Notably, the tokens daily volume is down by a staggering 52.93%, presently valued at $7.50 billion. If the bulls are able to mount massive pressure forcing an upward breakout, ETH may return to the $4,000 last seen in March. However, if the bears retain market control, Ethereum could fall as low as $3000, representing a potential 14% decline from its current price. It’s worth stating that all predictions are merely speculations and offer no guarantee. Investors are admonished to conduct proper research before buying any asset. ETH trading at $3,511 on the daily chart | Source: ETHUSDT chart on Tradingview.comFeatured image from, chart from Tradingview

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Solana Records New Monthly User High Amidst Persistent Price Drop

Solana (SOL) has had a turbulent time lately evident with a consistent decline in its market price. According to data from CoinMarketCap, the Ethereum Killer is down by 6.36% on its weekly chart, emerging as the biggest loser among the top 10 tokens.  Interestingly, this price dip depicts the larger negative performance of SOL in which it has lost 24.61% of its value in the last month. However, amidst this mayhem, the Solana network has hit a significant milestone which may spark some excitement for investors. Related Reading: Solana Could Face A 41% Crash, Warns Mechanism Capital Co-Founder Solana Records All-Time High Of 30 Million Monthly Users In an enthralling development for SOL enthusiasts, data from blockchain analytics platform Artemis shows the network has attained a new peak of 30 million active addresses (users). This development was shared on X on Friday by the data analysis handle SolanaFloor.   After reaching the 25 million mark in 2022, the  Solana blockchain experienced a steep decline in monthly active users going as low as 5 million in 2023. However, the smart contract platform has appeared rather attractive in 2024 with a steady rise in monthly users throughout the year so far.  In the crypto ecosystem, the importance of growth in network users stems mainly from an indication of growing market confidence from investors, which is quite vital considering SOL’s current price dip.  For the fifth largest cryptocurrency, this rise in the active addresses is likely due to the current hype around Solana meme coins – a $5.65 billion ecosystem that has provided investors with an avenue of recording insane trading profits.  In addition, an increase in network users can also translate into larger liquidity, more stable network security, and the development of more use cases, all of which are important features in attracting further investment and boosting a tokens value. Related Reading: Bitcoin And Solana Brace For Quiet Q3: What Crypto Traders Should Know What’s Next For SOL? At the time of writing, SOL trades at $133.36 following a 0.34% decline in the last day. Furthermore, the tokens daily trading volume is down by 6.81% and valued at t $2.19 billion. For Solana, the bulls face strong resistance at the $151 price zone. If the buying pressure proves sufficient to push through this region. SOL could return as high as $190 over the next few weeks. However, a rejection at this zone could result in a further decline in the tokens price reaching as low as $120. All traders are reminded to perform due diligence before engaging with the cryptocurrency market. Featured image from The Independent, chart from Tradingview

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Toncoin (TON) Hits New ATH, Is $10 The Next Stop?

Toncoin (TON), the native token of The Open Network, has had one of the best performances this cycle. The token has hit a new all-time high (ATH) twice this Friday and flipped Ethereums active users this week. Market watchers believe this breakout and recent performance could set the stage for a rally toward the $10 [...]

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Toncoin (TON) Flips Ethereum In Daily Active Users, Fueling $10 Price Target Predictions

Toncoin (TON), the native token of The Open Network, experienced a 12% price drop from its recent all-time high of $7.76 over the past week, following the overall market correction led by Bitcoin (BTC).  However, despite the temporary setback, the optimistic sentiment surrounding TON and its network has led crypto analysts to speculate on a [...]

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BoE regulatory 'culture shift' could open door to new tech

The Bank of England's proactive regulatory shift aims to integrate emerging technologies, highlighted by the introduction of the Digital Securities Sandbox.

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Stacks active accounts reach record high amid growing interest in Bitcoin DeFi

The growing interest in Runes and Bitcoin DeFi will drive more activity to layer-2 networks, according to Stacks product manager.

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Interactive Brokers Brings Crypto Trading to UK Customers

Interactive Brokers (Nasdaq: IBKR) has expanded its offerings on its platform in the United Kingdom by launching cryptocurrency trading. Investors, both individuals and institutional, onboarded under the brokerage's UK entity can now trade four cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

Expansion of Crypto Trading

Announced today (Wednesday), the US-headquartered broker has introduced crypto services in partnership with Paxos, similar to its services in its home country. Although offered in partnership with a third-party crypto exchange, Interactive Brokers highlighted that its users can trade cryptocurrencies along with instruments of other asset classes from the same brokerage account.

Introducing cryptocurrency trading gives UK clients enhanced flexibility to invest across markets and asset classes while also adding exposure to digital assets, said Gerald Perez, CEO of Interactive Brokers' UK entity.

Interactive Brokers is not the only broker to expanse its crypto services. Recently Robinhood also launched staking services under its crypto platfrom for its customers in Europe.

Low Fees

For the cryptocurrency trades, Interactive Brokers promises a commission between 0.12 percent and 0.18 percent of the trade value, with a minimum of $1.75 per order. It also clarified that there will not be added spreads, custody fees, or markups.

It further highlighted that cryptocurrencies are denominated in USD on its platforms. However, it will allow its UK clients to convert GBP to USD with tight spreads of up to 1/10 of a pip.

Interactive Brokers is a popular brokerage brand with a global presence. The platform first offered cryptocurrency trading in September 2021, a service it launched with its Paxos partnership. Last year, it teamed up with Zero Hash, a crypto infrastructure platform, to offer crypto trading and custody services. The Hong Kong-registered entity of Interactive Brokers also obtained a local licence in the autonomous region to offer retail crypto trading.

Apart from its offerings with third-party crypto partners, the broker is allowing its customers to take exposure to Bitcoin, investing in the Bitcoin exchange-traded funds (ETFs) approved by the US Securities and Exchange Commission.

Meanwhile, total revenue at Interactive Brokers was up 42 percent to $4.3 billion in 2023, which compares very favourably with the 5 percent rise recorded by IG in its last fiscal year, Saxos 11 percent, and Fidelitys 12 percent increase.

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Web3 Developer Community Experiences 40% Decrease in Active Members in Just One Year

According to recent data, there has been a significant decline in web3 developer activity, with a nearly 40% drop in just one year. This decline highlights a concerning trend in the development of decentralized applications and blockchain technology. Decreases in developer activity could have various implications for the future of web3. It may indicate a [...]

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SUI Overtakes Tron: Now the 3rd Blockchain by Daily Active Users

While the cryptocurrency markets continue to face bearish pressures, SUIs story is making waves for a completely different reason. The layer-1 blockchain has surpassed Tron to become the third largest network by daily active users, thus achieving a significant milestone in SUI’s adoption journey. Even though SUI’s token price has taken a major hit, the […]

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Ethereum Gears Up for a $2,000 Breakout: Key Network Updates Driving Growth

Ethereum (ETH) is showing promising signs of a potential recovery after bearish pressures have persisted for several months. The second-largest digital currency by market capitalization is well-positioned to capitalise on several key factors. On the technical front, signal part there are signs of positive tren,d and on the demand side, higher institutional buying continues. These […]

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Avalanche launches initiative for digital artists, NFT creator protests Sotheby’s gender bias, and more

In a March 30 blog post, The Avalanche Foundation announced the launch of Avaissance, an initiative designed to support digital artists and boost the growth of the Avalanche nonfungible token (NFT) ecosystem. Avaissance has two main components, an Artist in Resident program (AIR) for over 50 artists and the Mona Lisa Initiative (MLI) to curate [...]

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XRP Bullish Signal: Address Activity Spikes To Historical Levels

On-chain data shows the XRP active addresses metric has spiked to historical levels recently, a sign that may turn out to be bullish for the asset. XRP Daily Active Addresses Has Observed An Uplift Recently According to data from the on-chain analytics firm Santiment, address activity on the network reached its second and third-highest values [...]

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Sweat and GMT prices struggle as move-to-earn active users fall

The move-to-earn industry was recently seen as one of the best applications of the blockchain industry. The industry combined the giant fitness industry with the emerging blockchain technology. Now, it seems like move-to-earn is having a slow death as the number of users drop and the tokens struggle. StepN’s GMT price has underperformed popular cryptocurrencies. …

<p>The post Sweat and GMT prices struggle as move-to-earn active users fall first appeared on CCNC | Cryptocurrency Newscast.</p>

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