Solana’s First Native Liquid Restaking Token Launches
Jito and Fragmetric have introduced fragSOL, Solana’s first native liquid restaking token, aiming to optimize yield and improve reward distribution in the liquid staking market.
Cryptocurrency
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DEX Volumes Fall in August, Ethereum Leads
Decentralized exchange (DEX) volumes fell in August, with Ethereum maintaining its lead among blockchain networks. Meanwhile, centralized exchanges (CEX) saw a slight increase in trading activity.
Memecoins Struggle as New Altcoin Rollblock Surges
As Dogecoin and Shiba Inu face market challenges, investors turn to Rollblock, a promising new altcoin that has seen a 140% surge in its presale, reaching a $2.9M valuation.
Altcoins Surge as Bitcoin Breaks $64K
Several altcoins, including SATS, Dogwifhat, FET, and Bonk, have experienced significant price increases as Bitcoin surpasses $64,000, driven by potential Federal Reserve rate cuts.
Bitcoin Surges to $64,853 as Powell Hints at Rate Cuts
Bitcoin reached a peak of $64,853, driven by Federal Reserve Chair Jerome Powell’s hints at potential rate cuts, leading to a broader crypto market rally.
Cardano Sentiment Soars Despite 47% Slump
Despite a 47% slump in the past five months, Cardano has seen the highest positive sentiment in 2024, surpassing other major cryptocurrencies like Bitcoin and Ethereum. This represents a contrast in market trends, as the increased optimism has yet to translate into significant price recovery for the asset.
Binance Leads Chinese Crypto Market, X Tops Info Sources
A survey of over 2,000 Chinese-speaking crypto users reveals Binance as the dominant exchange and X (formerly Twitter) as the primary information source, highlighting trends in the Chinese crypto community.
XRP Poised for Historic Price Breakout, Analysts Suggest
XRP’s recent price action has sparked discussions about a potential major breakout, with analysts pointing to a long-term symmetrical bullish triangle pattern forming since 2018.
Cardano Ecosystem Urged to Accelerate Chang Upgrade Preparations
Intersect, Cardano’s development overseer, calls for urgent preparation for the Chang Upgrade #1, emphasizing the need for exchanges and dApps to update to node 9.1.0 for successful implementation.
Massive 104 Million XRP Transfer Sparks Whale Activity Speculation
A mysterious transfer of 104 million XRP, worth over $58 million, has been detected, potentially signaling significant whale activity in the cryptocurrency market.