Crypto News by Satoshi Club

2024-05-11 23:17:51 Base dominates the SocialFi sector, capturing 46% of transactions

Coinbase's Layer 2 solution, Base, has rapidly grown to dominate the SocialFi sector within the Ethereum ecosystem, accounting for 46% of transaction activity.

This significant market share is partly due to successful integrations with social platforms, particularly Friend.Tech, where user engagement is high.

Base has also seen substantial inflows of USDC and Ethereum, enhancing its liquidity and utility. This growth is supported by its seamless connectivity with Coinbase's extensive user base, enabling efficient, low-cost transactions and fostering a robust development environment for decentralized applications. 打开/如何

2024-05-09 16:36:39 Fantasy Top, a Blast L2 game, has become one of the most profitable crypto apps

"Fantasy Top," an Ethereum-based NFT game, has emerged as one of the most profitable crypto applications, earning significant revenue by selling NFT card packs and collecting fees on its secondary marketplace.

The game involves creating lineups of heroes, represented as NFTs, based on crypto influencers, whose performance is linked to their social media engagements.

This has placed "Fantasy Top" among the top earners in the crypto space, even surpassing some major blockchains by fees generated. 打开/如何

2024-05-06 23:13:25 Arbitrum has achieved $150 billion in total transaction volume on Uniswap

Arbitrum is the first Layer2 to pass this threshold on the DEX, with a 2.64 billion TVL, making it the largest Layer 2 by TVL.

This achievement highlights Arbitrum's growing influence and adoption in the DeFi space, particularly in facilitating high-volume trading.

This level of activity underscores the scalability and efficiency of Arbitrum as a layer 2 solution, enhancing Ethereum's capabilities without compromising security. 打开/如何

2024-05-06 13:14:22 Last Week’s in Crypto

Binance Founder CZ Gets 4 Months in Prison; Bitcoin Reaches One Billion Transactions; Tether Nets Record $4.5B Profit in Q1 2024… The steady flow of cryptocurrency news keeps coming, and it's getting trickier to stay updated.

But for those keen to know the latest blockchain, let's explore the interesting bits from the last week!

The Highlights of the Week:

Riot Platforms Reports Record $211M Net Income
Stacks Active Accounts Reach Record High
Eigenlayer Releases EIGEN White Paper
Coinbase Posts $1.2B Net Income in Q1
Binance Wallet Announces Support for ARC-20
Avalanche Integrates with Stripe
Crypto VC Funding Hits $1B for Second Straight Month
Pike Finance Exploited for $1.6M
Tether Invests $200M in Neurotech Company
USDC Overtakes USDT in Stablecoin Transactions

Next Week’s Events

OORT To Launch DataHub
China Inflation Rate
United Kingdom Interest Rate

Do you want more news? You can find them in our most recent newsletter. Read it now! 打开/如何

2024-05-04 20:55:49 Vodafone is advancing blockchain integration by incorporating cryptocurrency wallets into SIM cards.

This initiative, part of their broader strategy to merge blockchain with mobile technology, aims to simplify the use of digital identities and crypto transactions on mobile devices.

By 2030, the company plans to widely implement these features across an anticipated 20 billion mobile phones, reflecting a significant step towards enhancing digital and financial accessibility on a global scale. 打开/如何

2024-05-03 21:44:10 Jack Dorsey's company will reinvest 10% of Bitcoin Profits Into BTC

Jack Dorsey's company, Block (formerly Square), plans to reinvest 10% of its gross profits from Bitcoin-related products into buying more Bitcoin throughout 2024.

This decision follows a significant revenue from Bitcoin sales and is part of a broader investment strategy. The company processed substantial transactions last year and has incorporated Bitcoin into its balance sheet since early on, aligning with its digital asset commitment. 打开/如何

2024-05-02 22:00:55 Bitcoin whale buys 2500 BTC for $147 million

The Bitcoin whale known as "Mr. 100", has purchased 2,500 BTC for the first time since the recent Bitcoin halving, spending over $147 million.

This significant buy occurred as market analysts suggest that Bitcoin might be nearing a local bottom, reflecting on the rebound from $56,000 lows.

This activity could indicate a market recovery or at least stabilization following the halving event, which traditionally impacts Bitcoin's price positively in the long term. 打开/如何

2024-05-02 00:56:30 Gaming investments surge 94% in Q1 2024 as market rebounds

In Q1 2024, venture capital investments in the gaming sector surged by 94%, totaling $594 million, as investors increasingly focus on the potential of Web3 and blockchain technologies to revolutionize the industry.

This trend reflects a significant shift towards decentralized platforms that offer innovative gameplay experiences beyond traditional models.

Blockchain games, which allow for unique in-game economies and player ownership of assets, are particularly attracting significant funding, emphasizing their role in driving the next evolution of the gaming industry. 打开/如何

2024-04-30 13:38:58 HAAQ Network — An Ethics-First Network

HAQQ Network is a scalable, high-throughput Proof-of-Stake blockchain that is fully compatible and interoperable with Ethereum. It's built using the Cosmos SDK which runs on top of CometBFT consensus engine.

HAQQ allows for running vanilla Ethereum as a Cosmos application-specific blockchain. This allows developers to have all the desired features of Ethereum, while at the same time, benefit from CometBFT’s PoS implementation.

Also, because it is built on top of the Cosmos SDK, it will be able to exchange value with the rest of the Cosmos Ecosystem through the Inter Blockchain Communication Protocol.

The Islamic Coin is the native currency of Haqq Network. It is used for paying transaction fees, governance and staking. The token is traded on SushiSwap and has great returns on its liquidity pools:

ISLM <> USDC ~ 25.01%
ISLM <> wBTC ~ 32.31%
ISLM <> ETH ~ 22.25%
ISLM <> DAI ~ 32.81%

For more information about the project, check out their social media accounts! But if you want to earn high yields, don't hesitate to go on Sushi swap and take a look at $ISLM.

#NFA #DYOR 打开/如何

2024-04-29 19:32:35 Omnity introduced no fees for trading Runes on their platform

Omnity has launched a significant update offering no-fee trading of Runes on its platform, leveraging the innovative chain fusion technology from the Internet Computer Protocol.

This technology facilitates seamless and cost-free transactions across Bitcoin and other blockchains, promoting a more accessible and efficient trading environment.

This move is especially pivotal as it addresses the scalability challenges often faced on the Bitcoin network due to the surge in transactions, enhancing the appeal of Runes trading without financial barriers. 打开/如何