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Circle announced the launch of a new platform that uses pre-vetted templates to make building Web3 apps easier for traditional developers. Stablecoin issuer Circle has launched a new tool that it says will allow developers to “remove the complexity” of building Web3 apps, according to an announcement and accompanying social media post on October 19. Called “Smart Contract Platform,” the new tool allows developers to deploy smart contracts using a set of pre-vetted code templates and either a console or REST APIs, making it potentially easier for traditional Web2 programmers to use. Circle also released a Gas Station tool that lets developer s pay for their users’ gas fees, which they claim may make onboarding users easier. 1/ Introducing Gas Station and Smart Contract Platform - built for #devs & available in beta! Our two new #Web3 Services products provide solutions for devs & businesses to remove cost, complexity & friction for app users. Let’s dive in to learn how ou...

The FTX bankruptcy estate recently staked approximately $122 million in SOL tokens and around $5 million in ETH. The FTX bankruptcy estate has staked an impressive sum of approximately $122 million in Solana (SOL) tokens. The information came to light when on-chain data indicated that a wallet identified as FTX’s shifted the SOL tokens to Figment, a staking validation entity known for serving institutional clientele. Simultaneously, FTX’s estate made another move, staking about 3,200 Ethereum (ETH), which is equivalent to an estimated $5 million. Both crypto wallets are associated with Alameda Research, identified as the sister trading firm to FTX. For those unfamiliar with the term, staking in the crypto realm involves securing a specified quantity of tokens for a set duration. As a reward for this commitment, participants often receive supplementary coins. This procedure is pivotal in fortifying proof-of-stake networks, which include Ethereum and Solana among others....

The cryptocurrency landscape witnessed a mix of growth and setbacks this week. While Bitcoin and Solana experience surges, Ethereum and Tron face challenges. What’s driving the market? The cryptocurrency market has shown a predominantly positive trend over the week. Most coins have reflected bullish sentiments, indicating a potentially strong period for the crypto industry. Bitcoin (BTC) is trading at around $27 as of Oct. 6, marking a 2.5% growth over the week. This uptick is largely attributed to the anticipation of the U.S. SEC’s approval of a Bitcoin ETF. Ethereum (ETH), however, displayed a different trend. Its price decreased by around 2.2% over the week, settling at $1,6. Meanwhile, Solana (SOL) stood out with its performance, registering a significant 16% surge. As of Oct. 6, its value has reached $23. Furthermore, according to DeFi LIama, the total value locked (TVL) in Solana reached its year-high at $330, suggesting increased activity and investor sentiments....

The launch of Ethereum futures ETFs heralds cautious optimism in the crypto world. Here is everything you need to know . The U.S. financial markets are buzzing with excitement as, for the first time in the country, an Ethereum (ETH) exchange-traded fund (ETF) stands on the brink of introduction.  On September 28, asset management company VanEck dropped a significant announcement, confirming the debut of their VanEck Ethereum Strategy ETF (EFUT). Investors can expect to see EFUT shares listed on the Chicago Board Options Exchange (CBOE), with the listing date still kept under wraps by VanEck. But here’s the twist. While Ethereum futures ETFs like EFUT are seeing the green light, their counterparts that focus on actual cryptocurrencies, known as crypto spot ETFs, are still stuck at the regulatory crossroads. The Ethereum ETF by VanEck is just the tip of the iceberg, leading a convoy of 14 other proposals knocking on the SEC’s door, each hoping to launch their version o...

In a Sept. 22 post on X, Bloomberg Intelligence analyst James Seyffart reported Bitwise, the crypto index fund manager, has withdraw n their application to convert $BITC from a Bitcoin futures fund to a Bitcoin and Ethereum futures fund. This means the fund will remain as just Bitcoin exposure. Reason unknown Seyffart shared a letter from Bitwise’s General Counsel Katherine Dowling to the Division of Investment Management at the U.S. Securities and Exchange Commission (SEC) that said the trust is no longer seeking to change the strategy by the amendment . However, the letter did not provide much detail beyond its Aug. 10 submission. NEW: @BitwiseInvest has withdrawn their application to convert $BITC from a #Bitcoin futures fund to a Bitcoin & Ethereum futures Fund. It will remain just Bitcoin exposure. pic.twitter.com/ubQ6qT15vy — James Seyffart (@JSeyff) September 22, 2023 The analyst added that this news is not something to read into just yet; however, if V...

Polygon Labs has unveiled the first three proposals to introduce infrastructural changes and a new native token as part of the Polygon 2.0 roadmap. The first of these Polygon Improvement Proposals (PIPs), PIP-18, is dubbed “Phase 0”, and focuses on four milestones designed to require no action from developers and end users on Polygon proof-of-stake (POS) and zkEVM chains. Polygon Phase 0 Milestones | Source: Polygon Labs PIP-17, the second proposal , pushes for POL, a new token to replace MATIC, as Polygon’s native asset.  If approved by the community, the upgrade would allow one-to-one migration from MATIC to POL. You might also like: Polygon to replace MATIC with POL token The third proposal , or PIP-19, seeks approval to upgrade the Polygon’s native gas token system. It calls for specific changes to the native MATIC Bridge Contract, effectively switching the native gas token on Polygon PoS from MATIC to POL while ensuring “maximum backwards compatibility” This ...

A Matrixport analyst envisions a scenario, where Ethereum price can “materially drop lower” by the end of the year. Ethereum (ETH) price can go down to the $1,000 mark should the cryptocurrency decline below $1,500 amid a possible sell-off initiated by FTX creditors. A Matrixport analyst said in a recent research report that FTX creditors could trigger an “overhang for altcoins for the rest of the year” if they get a green light from a US court. “A decline below $1,500 could bring back the idea that Ether could decline to $1,000 — a level that would appear justified based on the revenue projection from the Ethereum ecosystem.” Matrixport analyst The analyst notes ETH at current prices is below the 50d MA, which is a bearish sign. Besides, Ethereum is underperforming Bitcoin as the trend (20d) MA shows ETH/BTC ratio is decreasing, the analyst added. As of press time, ETH is trading at $1,611, according to CoinMarketCap data. Solana funding r...

PancakeSwap, a decentralized exchange (DEX), is launching on Base, an Ethereum(ETH) layer 2 scaling network incubated by Coinbase, according to an update on Aug. 30. Initially, this integration will offer PancakeSwap’s swapping and liquidity provision functions. Following that, an upcoming release will introduce the farming feature, permitting users to stake liquidity provider (LP) tokens in exchange for PancakeSwap’s native CAKE tokens. Importantly, users will retain their positions in the original LP tokens. Base is now PancakeSwap’s eighth platform, highlighting the DEX’s multi-chain strategy. While initially established on BNB Chain, the DEX has deployed on several blockchains, including Ethereum, Aptos (APT), Polygon (MATIC) zkEVM, and others. Ready for a game-changer DEX on Base? Everyone’s favorite DEX is now on @BuildOnBase, bringing ultra-low fees, user-friendly Features and setting the stage for DeFi mass adoption Start your Base journey with us ...

Ethereum Staking Makes New ATH Investors, eyeing a 3.29% yearly yield, have staked these tokens expressing their faith in the Ethereum network. Even if they can’t make short-term sales, investors are ready to lock up substantial amounts for returns. advertisement 📈 #Ethereum $ETH Total Value in the ETH 2.0 Deposit Contract just reached an ATH of 27,407,435 ETH View metric:https://t.co/SzbMPqvhlb pic.twitter.com/GDUfBsMe58 — glassnode alerts (@glassnodealerts) August 14, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Trading Bots List 2023 Must Read Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks ...

Donald Trump’s Crypto Holdings Raises Eyebrows The asset known as Trump’s “cryptocurrency wallet (Ethereum)” appears to be connected to a group of non-fungible tokens ( NFTs ) he started after leaving the White House. The NFTs , which resembled cartoon-style trading cards and included images of Trump in various attire, experienced great popularity in the marketplace, with two batches quickly selling out. advertisement The information casts doubt on Trump’s shifting position on cryptocurrency. He previously described cryptocurrencies as “a disaster waiting to happen” and dubbed Bitcoin a “scam,” which contrasts with his apparent engagement in the Ethereum-based NFT market. Trump said in a tweet in July 2019 that he was “not a fan of Bitcoin and other cryptocurrencies” and that their value was “based on thin air.” Speculation among observers is on whether Trump’s interest in Bitcoin...

Resurfacing after two years of dormancy, a significant ENS holder has recently claimed nearly $74 million in previously unclaimed Ether (ETH). After an extended hiatus, a major Ethereum Name Service (ENS) player has re-emerged, claiming millions in Ether (ETH). The prominent holder, whose portfolio includes the renowned “darkmarket.eth” ENS domain, recently recouped a staggering 39,712 ETH, equating to nearly $74 million at the time of the transaction. After 2.7 years of dormancy, darkmarket.eth reclaimed 39,712 $ETH ($74.17M) locked in the ENS auction just now. And transferred 63,734 $ETH($119M) out to a new wallet.https://t.co/OtXYRpcOhn — Lookonchain (@lookonchain) July 31, 2023 The hefty sum originally got tied up in a bid during acquiring the domain via ENS. It remained dormant for a substantial period until the holder decided to claim it back. The recovered funds were partially transferred to an alternate Ethereum address. The amount comprised 63,734 ETH, ...

ETH price still struggles to conquer the $2,000 level, but growth in LSDFi could prevent a sharper sell-off. Ethereum (ETH) has been on a downward trend with the $2,000 level forming a crucial resistance level in recent months. While Bitcoin (BTC) recorded 11.94% gains moving past $30,000 in June after BlackRock filed an ETF application with the U.S. Securities and Exchange Commission, the upside in ETH stayed around 3.16%. In the first week of July, buyers attempted to move the price past crucial resistance at around $1,900, however, a failed breakout exposed the price to further correction. The Ethereum network also witnessed a decline in activity, evident in the one-year low levels in total transaction fees. The price of leading NFT collections on Ethereum plummeted, while DeFi activity stalled due to low yields. The 7-day moving average of total transaction fees paid on Ethereum. Source: Glassnode However, the downside may be restricted as the demand for liquid staking derivati...

Avail launched a bridge to transmit data availability attestations to Ethereum, potentially allowing for lower fees on some L2s. Blockchain network Avail has launch ed a testnet data availability bridge to Ethereum, according to a July 7 announcement. Once testing is completed, the bridge will allow developers to easily create “validiums” or low-cost layer-2 s that do not store full transaction data on Ethereum, the announcement stated. Avail was originally created by Polygon Labs, but was spun off as an independent project in March. Polygon’s co-founder, Anurag Arjun, is also the founder of Avail. Avail Block Explorer. Source: Avail.tools Layer-2 rollup networks like Optimism, Arbitrum, Polygon zkEVM, and zkSync Era lower transaction fees by batching transactions into compressed “rollups'' and periodically adding them to the base layer. However, because these networks must write all the transactions to the base layer, they often have higher transaction fees than layer-1 c...

The Graph, a blockchain data indexing and query protocol, has started the final phase of its transition process to Arbitrum, a layer-2 scaling solution operating on Ethereum. The Graph, an indexing and query protocol for blockchain data, is currently executing a migration process to Arbitrum, a layer-2 scaling solution that operates on the Ethereum network. The initiative is aimed at delivering reduced gas fees, enhanced transaction processing speed, and improved accessibility to the protocol. The decision to progress with the transition to Arbitrum was facilitated by the network participants’ voting via a Graph Improvement Proposal. The result of the vote mirrors the collective preference of community members for a network experience that is more streamlined and cost-effective. The Graph has seen massive growth for subgraphs using L2 for unbeatable uptime & unbreakable data. Using @arbitrum enables dapps to get data faster & at a fraction of the cost, equating to ~...

Pepe Coin (PEPE) is the latest craze to grasp the crypto sector. The token has gained as much as 665% in the last week and 585% in 14 days. The asset has led to many investors bowing down in FOMO (fear of missing out) of what many think is the new memecoin king. However, a parallel development has taken place thanks to the craze around the frog-themed crypto project. Demand for Pepe Coin (PEPE) has caused a surge in Ethereum ( ETH ) gas fees. Gas fee on the popular network has reached one-year highs due to increased transactions to buy PEPE. On May 4, the average cost of a single Ethereum transaction increased above $15.82. Although Ethereum’s average transaction costs rose to between $50 and $70 in 2021, things have been relatively quiet since the market collapsed in May 2022. Source: Etherscan.io PEPE trade volume on Uniswap has topped $150 million over the past 24 hours, outpacing Wrapped Bitcoin (WBTC) and USDT stablecoin levels. On May 1, the PEPE token, with a market capitali...

Decentralized finance protocol CurveDAO has successfully launched its algorithmic stablecoin crvUSD on the Ethereum network. Decentralized finance (DeFi) protocol Curve Finance has launch ed its native algorithmic U.S. dollar-pegged stablecoin , dubbed “crvUSD” on the Ethereum mainnet — minting more than $22 million worth of the crvUSD so far. According to data from blockchain explorer Etherscan, the contract has minted more than $22 million worth of crvUSD in the past 8 hours, with $20 million of that amount minted within the first 5 minutes. Screenshot of crvUSD transaction data. Source: Etherscan The deployment of crvUSD on the Ethereum network is a significant step towards the public release of the algorithmic stablecoin. Notably, the stablecoin remains inaccessible to general users, pending integration with Curve’s front-end user interface on its official website. Responding to a query about when users could expect to see the stablecoin released to the public in the official Cur...