Starknet set for first mainnet staking vote: What STRK holders need to know

Starknets inaugural staking vote introduces mechanisms for minting and parameter adjustments, paving the way for staking by October 2024.

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Dogwifhat (WIF) Sees 60% Weekly Surge But Analyst Warns Of Potential Retrace

This week, the dog-themed sensation Dogwifhat (WIF) has recovered from its drop below the $2 support zone. The Solana-based memecoin flipped Ethereums Layer-2 (L2) Arbitrum (ARB) and is currently testing the $2.5 resistance level. However, a crypto analyst has warned investors of a possible retrace for WIF. Related Reading: Injective (INJ) Breaches Key Resistance, Setting Stage For 1,350% Boom Analyst WIF Puts Its Hat Back On Dogwifhat became the memecoin sensation of 2024s first quarter (Q1), giving returns of over 2,000% earlier this year. The Solana token reached an all-time high (ATH) of $4.8 in March but has declined 45% since then. Despite this, investors remain bullish on the memecoin, some stating it has shown strength through its sharpest correction. Asad Saddique, Cryptonarys CTO, highlighted that the token withstood like 5 or 6 corrections of >70%. To Saddique, Dogwifhat solidified during the retraces and challenges for the dog-themed memecoin throne. Notably, WIF flipped Arbitrum as the 38th largest cryptocurrency by market capitalization today with a $2.5 billion market cap. This feat was first achieved on March 31, when WIF reached its ATH and a market cap of $4.57 billion. A month ago, crypto trader Bluntz, who made several bullish forecasts for WIF during Q1, shared a bearish prediction for the memecoin. Per the trader, the Solana token was set to an inevitable fall to the $1 range. However, this prediction was based on a previous bullish analysis. Bluntz stated that WIF was headed for a large retrace before the next parabolic run, which could lead to a new ATH. Following the market downturn, the dog-themed memecoin saw a price reduction of over 43%. Earlier this month, WIF dropped from the $2.6 price range to as low as $1.51 on July 11. Nonetheless, it had a remarkable performance this week. The token reclaimed the $2 support zone and exhibits green numbers in several timeframes. Will It Shred Another 40% Soon? WIF surged 8% in the last 24 hours and trades at $2.54, at the time of this writing. This performance represents a 60% and 25% price increase in the weekly and monthly timeframes. The recent price action has seemingly revitalized the bullish sentiment towards the token. Crypto analyst Hornhairs claimed that the memecoin looks solid. To the analyst, WIF could retest the $3 resistance level if it holds above the $2.2 price range. However, another market watcher has warned investors about a potential downside for Dogwifhat. CrediBull stated that people are taking most altcoins bounces as a sign of strength, but the reality is, alts and especially memes are just higher beta versions of BTC. To the analyst, the current bounce is nice, but, if Bitcoin (BTC) bounces or falls, Dogwifhat will follow the flagship cryptocurrencys movement harder/stronger. Related Reading: FET Surges 12% Ahead Of ASI Token Merger Phase 2, Can It Hit $5? The memecoin left a triple bottom right below us after making a lower high on higher timeframes. This suggests to the trader that the token is likely to follow with a 40% move back down of its own to take those triple lows. Featured Image from Unsplash.com, Chart from TradingView.com

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Why Ethereum ETF day one inflow wont be like Bitcoin Fireblocks MD

Stephen Richardsons view aligns with Bloombergs ETF analysts, who expect the spot Ether ETFs to capture 10%20% of the flows that Bitcoin ETFs did at launch.

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ZkSync (ZK) Drops 20% Amid Binance Listing And New Token Distribution Program

ZkSync, the Ethereum Zero-Knowledge Layer-2 scaling solution, has been in the spotlight for its new token. Last week, the projects announcement of its ZK token airdrop was met with backlash from investors and the crypto community. Related Reading Following the backlash, crypto exchange Binance announced it would list ZK and offered a new distribution program [...]

The post ZkSync (ZK) Drops 20% Amid Binance Listing And New Token Distribution Program appeared first on Crypto Breaking News.

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Qubetics, Polygon, and Injective Are Setting the PaceHeres Why Theyre the Best Cryptos to Buy Right Now in 2025

Discover the latest insights on Qubetics, Polygon, and Injective. Explore the best crypto to buy right now, with expert price predictions and features in 2025.

The post Qubetics, Polygon, and Injective Are Setting the PaceHeres Why Theyre the Best Cryptos to Buy Right Now in 2025 appeared first on Kanalcoin.

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Analyst: OP Is Undervalued But Will Skyrocket Because Of Coinbase And Base

Adam Cochran, a partner and professor, is bullish about OP, the native token of Optimism, the layer-2 scaling solution for Ethereum.  Taking to X, Cochran is convinced OP is undervalued, pointing to the significance of Coinbase and the brand it has created over the years as a crypto exchange and investor in multiple products. In 2023, Coinbase backed the development of Base, a layer-2 scaling solution for Ethereum that uses Optimism infrastructure for its optimistic roll-up.  OP Will Rocket Because Of CoinBase And Base In coming up with this assessment, the investor highlights Coinbase’s vast user base and ability to drive retail adoption towards Base potentially. And, as aforementioned, since Base uses Optimism, the expected adoption spike will significantly boost OP from current spot levels.  Related Reading: Bitcoin OTC Desks Dried Up To 40 BTC: What This Means Cochran argues that the “power of discoverability” associated with Coinbase, a brand that facilitates billions of dollars in daily trading, will be crucial to Optimism’s success. This is particularly relevant when looking at OP prices when writing. When writing, OP is stable but up 220% from October lows. The token has been trending higher, benefiting from the broader crypto rally. Even so, though in an uptrend, OP has not reclaimed 2023 highs of around $4.2. To drive the point home, Cochran compares how the BNB Chain blew up in the number of active users. In the last bull run, the chain had an active decentralized finance (DeFi) and non-fungible token (NFT) ecosystem. The BNB Chain’s popularity and soft landing is because the smart contracts platform is associated with Binance, the world’s largest cryptocurrency exchange.  Further to the point, the success of Solana, the partner argues, lends its success to the now-defunct FTX. At its peak, FTX injected billions to fund the development of Solana. It was also actively involved in financing some of Solana’s active protocols.  The Great Convergence Of Supportive Events Presently, Coinbase is streamlining its operations, recently stopping support for Bitcoin, Litecoin, and other UTXO tokens via Coinbase Commerce. Their focus is on Ethereum-compatible tokens, which could provide hints that Coinbase Commerce might soon be integrated into Base. Related Reading: Fetch.AI (FET) Surges 21%: Why This Rally Is Just Getting Started From the protocol level, Ethereum plans to implement upgrades to make transacting on layer-2 platforms even cheaper. The Dencun Upgrade is scheduled for March and will see Ethereum enhance as part of its long-term scaling roadmap. L2Beat data on March 1 shows that Optimism has a total value locked (TVL) of $7.8 billion, roughly half that of Arbitrum. Meanwhile, Base has been rising up the rankings, commanding a TVL of approximately $1 billion. Feature image from Shutterstock, chart from TradingView

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Coinbase Incubated Base Network Sets Sights on Mainnet Launch: A Boon for Ethereum Layer 2 Ecosystem

Base, an Ethereum Layer 2 (L2) network backed by Coinbase, is preparing for a mainnet launch, bringing its secure, low-cost solution for decentralized app (dApp) development to the forefront of the blockchain world. (Read More)

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When Is A Token Coming For Coinbase’s Base L2? Here’s What The Roadmap Says

Crypto exchange Coinbase announced and launched the testnet for its very own Layer 2 blockchain called Base earlier in February 2023. Since the launch, there have been speculations about the exchange launching a token for the L2, which has now been clarified in the newly released roadmap for Base. Base Roadmap Mentions No Token Following [...]

The post When Is A Token Coming For Coinbase’s Base L2? Here’s What The Roadmap Says appeared first on Crypto Breaking News.

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How Arbitrum and Optimism Made Millions in 2022

Arbitrum and Optimism raked millions in profit despite the extended bear market that hammered decentralized finance (DeFi) activities and Ethereum (ETH) valuation in 2022. Arbitrum And Optimism Win Big Per on-chain data shared on Twitter, Arbitrum, and Optimism, general-purpose Ethereum layer-2 platforms, made 2,906 ETH and 2,086ETH, respectively. In USD terms, it translates to around $4.6 million and $3.3 million for each protocol. L2s are amazing businesses Arbitrum made 2,906ETH ($4.6M) of profit in 2022 Optimism made 2,086ETH ($3.3M) of profit in 2022 pic.twitter.com/ViOkPA0Juv — Kofi (@0xKofi) January 17, 2023 Based on user activity and the number of dApps launched on Ethereum, solid statistics show that developers prefer the first smart contracting over competitors. Since launching, the network has become a hub of activity, spearheading exciting innovations in decentralized finance (DeFi), NFTs, metaverse, and gaming.  Related Reading: Ethereum-Based Frax Finance (FXS) Is Up 64%, Is There Still Opportunity? Trackers in mid-January 2023 state that the total value locked (TVL) in Ethereum stands at $26.88 billion, representing more than half of the assets locked across DeFi. The drop in TVL mirrors the fall in ETH prices in 2022. In essence, Ethereum dominates with DeFi activity over the Binance Smart Chain (BSC), trailing at less than a quarter of the TVL of the leading platform, at $4.65 billion. Despite this dominance, Ethereum’s scaling problem directly impacts Gas fees. As demand picks up, Gas fees fluctuate, leading to as much as $50 on this blockchain to post a simple transaction. Deploying smart contracts cost much more, sometimes upwards of $80, when the network is congested. As an illustration, the average transaction fees on Ethereum stood at $0.63 on January 17. However, on May 1, 2022, this figure stood at over $23. Related Reading: Ethereum Layer-2 Platform, ZKSync, Releases New SDK in Swift Ethereum layer-2 protocols are part of the scaling attempts made by developers to relieve the mainnet. By routing transactions off-chain, layer-2 solutions can help scale Ethereum but, most importantly, reduce Gas fees by several magnitudes.  In Ethereum’s layer-2 realm, Arbitrum and Optimism dominate. According to L2Beat statistics, Arbitrum and Optimism had TVLs of $2.52 billion and $1.45 billion, with a market share of 52% and roughly 30%, respectively.  Riding on Network Effects Although associated fees in Arbitrum, Optimism, and all other layer-2 networks are negligibly low, these protocols can profit based on activity. For every transfer or smart contract execution of Arbitrum and Optimism, there is an associated fee.  Arbitrum and Optimism charge $0.11 and $0.23 for simple transfers, payable in ETH. If a smart contract is deployed, the fees rise to $0.30 and $0.35. They make more fees as more users deploy smart contracts or initiate transfers. Accumulating these amounts over months translate to a tidy profit for the protocol operator.  In 2022, Ethereum layer-2 TVL fell roughly 40% from $7.45 billion to $3.3 billion in July 2022. Outflows were lower compared to layer-1 DeFi. As the market recovers, layer-2 operators may likely post higher revenue as users move assets to dApps launched on these scalable and low-fee protocols. Featured image from Flickr, Charts from TradingView.com.

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Ethereum Layer-2 Platform, ZKSync, Releases New SDK in Swift

ZKSync, an Ethereum layer-2 platform designed to scale transaction throughput using zero-knowledge (ZK) proofs and Rollups, has released a new software development kit (SDK) in Swift. ZKSync Releases SDK in Swift In a tweet on January 17, ZKSync said the goal is to make their features more accessible to developers and dApps. With a Swift SDK, ZKSync would support more platforms and use cases, especially for teams building iOS and macOS applications on ZKSync 2.0. We want to make zkSync 2.0’s features accessible to more developers and applications, so we’ve released a new SDK in Swift. #scalingthemission 1/4 pic.twitter.com/GdH8naXxHI — zkSync (@zksync) January 17, 2023 Swift is the programming language behind iOS and Mac devices. However, Swift cloud storage software for iOS and macOS enables users to retrieve data through an API. Cloud storage is scalable and designed to store unstructured data that can limitlessly grow.  SDKs in Popular Programming Languages Besides Swift, ZKSync also supports Python, Java, Android, Rust, and Dart programming languages. Dart, the layer-2 platform explains, is the “unofficial” open-sourced SDK in Alpha. However, the layer-2 portal plans to support more SDKs in various programming languages to cater to their expanding developer community, allowing them to build more solutions addressing multiple problems. SDKs are critical for developers since they allow the building to be simpler, faster, and standardized. For creators to integrate into existing services, they require kits, which often include necessary documentation, code samples, libraries, APIs, and more, providing guidance when developing blockchain solutions. However, within any developer kit, APIs are critical because they act as an interface for dApps to relay information and coordinate.  Scaling Ethereum Using ZKSync v2 ZKSync layer-2 is building a solution for users to quickly transfer ethereum (ETH) and ERC-20 tokens without paying the relatively high fees in the mainnet.  Related Reading: Shiba Inu Price Jumps By 21%, Here’s Why Ethereum gas fees often fluctuate depending on on-chain activities. As ETH prices rally, DeFi and NFT activities often expand, leading to high gas fees. With Gas rising on a public, transparent layer, users have to pay more to transfer or execute smart contracts. ETH price at $1,578 | Source: ETHUSD on TradingView.com The layer-2 platform is positioning itself as a better alternative for teams and users, preferring scalability, privacy, and security. Following the launch of the ZKSync 2.0 mainnet, there is a scaling and privacy engine using ZK proofs. Earlier, Vitalik Buterin, the co-founder of Ethereum, relayed his confidence in ZK Rollups that dApps on ZKSync leverages. In the co-founder’s assessment, ZK Rollups “will win out in all use cases.” Related Reading: Hedera Soars 23% As HBAR Blooms All-Green On The Charts All Week ZKSync 2.0 Is Live on Mainnet Users deploying on the ZKSync 2.0 mainnet, which launched in Q4 2022, enjoy low fees and faster transaction settlement. Developers are free to experiment and add more features. For instance, ZKSync supports account abstraction for users to pay fees in other tokens apart from ETH and build smart contracts in Vyper or Solidity. The layer-2 solution also supports Atomic Swaps. It is a feature that ZKSync creators say can benefit cryptocurrency exchanges. NewsBTC reported earlier that Optimism, a general-purpose Ethereum layer-2, and ZKSync competitor, was more Gas efficient despite revenue and assets under its management dropping. Featured image by Matter Labs, chart from TradingView.com

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Ethereum scaling solution to go Nitro on 31 august

Arbitrum, Ethereum’s layer-2 scaling network will receive one of its most significant updates, which will speed up transaction processing, lower transaction costs, and make cross-chain communication between Arbitrum and ETH simpler. This upgrade is scheduled to take place on Wednesday.  In a tweet on August 29, Arbitrum reaffirmed the date of the “Nitro” update, stating that […]

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Ethereum's L2 solution 'Optimism' rallies 300% in a month — Will OP price gains sustain?

Optimism eyes an increase in adoption after the Merge upgrade triggers Ethereum's "Rollup-Centric Roadmap."

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What is Immutable X? – The hidden Champion In the Crypto Space 2022? Invest now?

Let’s take a look at it in more detail about what is Immutable X and other updates. Should you invest now?

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Polygon ’s Blockchain Hard-Forked Without Warning To Closed-Source Genesis. Why?

What’s going on at Polygon? There seems to be a disturbance in the force over there. Is the Ethereum Layer 2 project alright? Are they doing everything above board or is there something sinister going on? Are they even decentralized if they can hard-fork just like that? Or did they follow the proper procedures and their critics are just uninformed? Can we even answer all of those questions? Probably not. But we can present all the information available and let you all get to your own conclusions. Are we all supposed to just shut up and forget about the fact that over a week ago Polygon hard-forked their blockchain in the middle of the night with no warning to a completely closed-source genesis and still haven't verified the code or explained what is going on? — Nathan Worsley (@NathanWorsley_) December 15, 2021 Let’s start with DeFi Builder Nathan Worsley’s accusation. Or is he just requesting information? Worsley recently tweeted, “Are we all supposed to just shut up and forget about the fact that over a week ago Polygon hard-forked their blockchain in the middle of the night with no warning to a completely closed-source genesis and still haven’t verified the code or explained what is going on?”  Related Reading | Polygon: Ethereum’s Friend Is Looking To Make Big Strides The “middle of the night” part is arguable since everyone is in different timezones and the Polygon blockchain is everywhere. However, he cleared up why the issue is important, “Until the code is verified there are no security guarantees about the billions of dollars in assets the chain currently secures.” And tweeted proof of everything else, “Here’s the commit that was hard-forked into production.” Here's the commit that was hard-forked into production the middle of the nighthttps://t.co/qMunI4WZxx — Nathan Worsley (@NathanWorsley_) December 15, 2021 To add credibility to his claim, DeFiance Capital’s Zhu Su joined the chorus asking for answers. “Was this to patch a critical bug? Why and how did this happen?” Why am I seeing 100x more solana fud than discussion of this? Was this to patch a critical bug? Why and how did this happen? https://t.co/GhY3eTYNtm — Zhu Su ?? (@zhusu) December 15, 2021 Polygon Responds And Shows Receipts The criticism got a response from Polygon’s co-founder Mihailo Bjelic. “We’re making an effort to improve security practices across all Polygon projects,” Bjelic tweeted. “As a part of this effort, we are working with multiple security researcher groups, whitehat hackers etc. One of these partners discovered a vulnerability in one of the recently verified contracts. We immediately introduced a fix and coordinated the upgrade with validators/full node operators. No funds were lost. The network is stable.” 2/2 ..vulnerability in one of the recently verified contracts. We immediately introduced a fix and coordinated the upgrade with validators/full node operators. No funds were lost. The network is stable. A detailed blog post coming, we are finalizing additional security analyses. — Mihailo Bjelic (@MihailoBjelic) December 15, 2021 Ok, that sounds reasonable. Bjelic also promised, “A detailed blog post coming, we are finalizing additional security analyses.” A question lingered in the air, though. And crypto enthusiast J. Vicente Correa asked it in the most direct way possible, “U can fork the chain by yourself and take all my funds as u wish?” Absolutely not. The network is run by validators and full node operators, and we have no control over any of these groups. We just did our best to communicate and explain the importance of this upgrade, but ultimately it was up to them to decide whether they will do it or not. — Mihailo Bjelic (@MihailoBjelic) December 15, 2021 And Polygon’s Mihailo Bjelic answers in the most political way possible. “Absolutely not. The network is run by validators and full node operators, and we have no control over any of these groups. We just did our best to communicate and explain the importance of this upgrade, but ultimately it was up to them to decide whether they will do it or not.” Fair enough. However… MATIC price chart on Poloniex | Source: MATIC/USD on TradingView.com A Node Operator Has Some Criticism Of His Own In the same thread, Polygon node operator Mikko Ohtamaa blasted the way the company handled the whole thing and also showed receipts. “Next time it happens can you at least announce a critical update to all Polygon node operators. Now this looks super unprofessional and confusing for the community. It was not mentioned or pinned down in any major channels or publications.” He got a response from Polygon’s other co-creator, Sandeep Nailwal. “This was a security update, and hence pre-public-announcement could’ve escalated things.” Hey Mikko, this was a security update, and hence pre-public-announcement could've escalated things. — Sandeep – Polygon – NAE (NOT Abandoning ETHEREUM) (@sandeepnailwal) December 15, 2021 Ok, that makes sense. However, Ohtamaa had more complaints. “Some bug fixes” for a critical patch is not good. If there is a critical fix you co-ordinate with validators.” Plus, he reinforced Nathan Worsley’s original complaint. “It’s really obvious it is a critical security bug if you do unannounced no notice hard fork in the middle of a weekend.” It's really obvious it is a critical security bug if you do unannounced no notice hard fork in the middle of a weekend. So do not be dumb and think your users are dumb. — Mikko Ohtamaa ?? (@moo9000) December 15, 2021 According to Ohtamaa, “there are multiple open source projects out there” that have done similar operations in a more effective manner. Someone asked what could Polygon have done better. He answered with a series of simple steps.  Prepare the patch privately. A few days before, announce a critical security fix is coming. All node operators need to be prepared. Distribute the patch at the preset time. Not downplay the criticality of the patch and make idiot-looking release notes. Related Reading | How Polygon Sealed A $400M Deal To Get Ahead In The Ethereum ZK Rollup Race So, is there something rotten at Polygon? We will have to wait for the “detailed blog post” Bjelic promised to know for sure. Featured Image by Mae Mu on Unsplash - Charts by TradingView

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Counter Strike Themed NFT Platform Is Soon Coming To Ethereum Immutable X!

The post Counter Strike Themed NFT Platform Is Soon Coming To Ethereum Immutable X! appeared first on CryptoTicker.

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Crypto 2024: Trends and Forecasts Unveiled By Leading Institutions

In 2024, the crypto market is poised for a promising year, with leading institutions unveiling comprehensive research reports that shed light on the industry’s focal points. According to Vernacular Blockchain’s review of reports from 23 major institutions, several trends are expected to dominate the crypto landscape this year. Navigating The 2024 Crypto Bull Market Bitcoin […]

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Market Expert Highlights Top Coins To Watch As Ethereum (ETH) Reaches 22-Month High

Market expert Miles Deutscher has identified several key trends and developments in the cryptocurrency market, particularly focusing on the Ethereum (ETH) rally and its implications for Layer-2 (L2) decentralized finance (DeFi) altcoins.  Deutscher highlights that ETHs recent surge to a 22-month high of $3,130 has sparked increased interest in L2/DeFi altcoins, presenting potential opportunities for [...]

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Pantera Capital: Crypto Market Turns Bullish Amid Regulatory Clarity

Pantera Capital predicts a bullish trend in the cryptocurrency market, highlighting Bitcoin's potential for DeFi expansion, technological advancements, and regulatory favorableness, following the anticipated Bitcoin halving event. (Read More)

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Avaras Lens secures $31M for SocialFi-focused L2 blockchain

Lens will give users ownership of their data and a chance for monetization when the mainnet launches early next year.

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Ethereum L2 Project Spark Launches On-Chain Order Book On Fuel Network To Enhance Trading

Spark, a decentralized trading protocol, announced the first fully on-chain order book for the Ethereum ecosystem. Launching on Fuel Network, the project aims to provide solutions for some of the limitations in the Decentralized Finance (DeFi) landscape and offer traders fast, secure, and transparent trading with minimized state and reduced storage. Spark Brings First On-Chain [...]

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