Cronos Upgrades zkEVM Testnet to Tethys before Mainnet Launch
CoinSpeaker
by Bhushan Akolkar
21m ago
Coinspeaker Cronos Upgrades zkEVM Testnet to Tethys before Mainnet Launch Leading blockchain ecosystem Cronos recently announced that they have upgraded the zkEVM testnet to its latest release dubbed Tethys, moving a step closer to its mainnet launch. The Tethys upgrade builds atop the zkSync’s v24 release, which helped in transitioning zkSync Era from a standalone blockchain to one of several ZK Chains within the zkSync ecosystem. This technology will now be available to take further Cronos zkEVM’s mission of building a highly scalable network for mainstream adoption. Speaking on the developm ..read more
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PEPE Ranks amongst Top Cryptocurrencie­s as Its Market Cap Climbs
CoinSpeaker
by Godfrey Benjamin
21m ago
Coinspeaker PEPE Ranks amongst Top Cryptocurrencie­s as Its Market Cap Climbs The Pepe (PEPE) ecosystem is filled with a lot of excitement as the memecoin climbs to new levels. Investors who purchased the token at a time when it was worth almost nothing have suddenly been transformed into millionaires. PEPE recently became one of the largest tokens by market capitalization after a “beta bet” narrative added nearly 40% to the token in the past week. PEPE Market Capitalization Hit New Level The frog-themed memecoin which came into the limelight a little over a year ago first made its mark with i ..read more
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Bitcoin Mining Difficulty Surges as Hashrate Also Rebounds
CoinSpeaker
by Mayowa Adebajo
21m ago
Coinspeaker Bitcoin Mining Difficulty Surges as Hashrate Also Rebounds Bitcoin miners, especially those with low-power mining equipment, would not be impressed by the recent rise in mining difficulty. This follows after Thursday’s data from TheBlock revealed that there has been a 1.5% increase in Bitcoin mining activity to a record 84.4 trillion. Bitcoin Mining Difficulty Hits New Levels amid Market Optimism Mining difficulty is a metric that measures how hard mining a new block can be as opposed to the easiest it can ever be. When the number of miners increases, Bitcoin mining difficulty usua ..read more
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API3 Hits $1B Milestone in TVS, Showcasing Rapid Growth and Developer-Focused Approach
CoinSpeaker
by Temitope Olatunji
21m ago
Coinspeaker API3 Hits $1B Milestone in TVS, Showcasing Rapid Growth and Developer-Focused Approach API3, a decentralized blockchain solution for APIs, has announced that it has surpassed $1 billion in total value secured (TVS). The platform has experienced rapid growth, with its TVS increasing ten times in 100 days, which shows the increasing adoption rate and trust in its ecosystem. We just blasted off to $1 BILLION TVS. ? That's 10x in less than 100 days. API3 is redefining the oracle landscape with our developer-first approach. Our first-party oracle architecture is built for a rollup-cent ..read more
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TruthLabs Exposes Ethereum’s ICO Ties to Bitcoins from Silk Road and Mt.Gox
CoinSpeaker
by Steve Muchoki
21m ago
Coinspeaker TruthLabs Exposes Ethereum’s ICO Ties to Bitcoins from Silk Road and Mt.Gox The Ethereum (ETH) network has grown significantly in the past few years and is now in a major transition period that could lead to faster mass adoption. After the Hong Kong regulator approved spot Ethereum exchange-traded funds (ETFs) earlier last month, the United States government is also preparing to approve a dozen similar products ahead. However, questions of how well the Ethereum network is decentralized have lingered in most regulators and investors. Moreover, the highly debated crypto FIT21 bill re ..read more
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TRON Network Surpasses 231 Million Accounts, Outpaces Ethereum in Transaction Fees
CoinSpeaker
by staff writer
21m ago
Coinspeaker TRON Network Surpasses 231 Million Accounts, Outpaces Ethereum in Transaction Fees TRON, a leading blockchain platform, has reached a significant milestone by surpassing 231 million total accounts. This development has come with a massive boom in transaction fees. In recent weeks, the surge in network activity has seen it surpass Ethereum in transaction fees. TRON’s daily transaction count has reached an impressive 5.5 million, translating into daily fees of $4.4 million. This uptick in activity emphasizes TRON’s growing user base and its expanding role in the decentralized finance ..read more
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VanEck Urges SEC to Give Them Priority for Spot Ethereum ETF
CoinSpeaker
by Bhushan Akolkar
21m ago
Coinspeaker VanEck Urges SEC to Give Them Priority for Spot Ethereum ETF The New York-based leading fund group VanEck is all eagerly awaiting the decision on its spot Ethereum ETF application, scheduled later today. VanEck has, however, requested the US Securities and Exchange Commission (SEC) that they should honor the order of the filings and allow them to launch before the competitors. Matthew Sigel, VanEck’s head of digital assets research, has expressed reservations regarding the SEC’s present strategy. The SEC presently allows numerous firms to concurrently launch financial products, lik ..read more
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USDe Market Cap Jumps amid Spot ETH ETF Approval Speculation
CoinSpeaker
by Anisha Pandey
21m ago
Coinspeaker USDe Market Cap Jumps amid Spot ETH ETF Approval Speculation The market capitalization of Ethena USD (USDe) shot up significantly amid spot Ethereum exchange-traded fund (ETF) approval speculations as multiple asset management firms eagerly await the United States Securities and Exchange Commission (SEC) decision on their applications. According to recent data, the market cap of USDe skyrocketed above $2.6 billion in the past 24 hours, marking a 2.87% surge followed by a 19.10% increase in trading volume, which at the time of writing stands at $163.8 million. Since the beginning of ..read more
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Bybit CEO Denies Insolvency Rumors, Confirms Healthy Balance Sheet
CoinSpeaker
by Chimamanda U. Martha
2h ago
Coinspeaker Bybit CEO Denies Insolvency Rumors, Confirms Healthy Balance Sheet On May 22, rumors began circulating on X that the cryptocurrency exchange Bybit might be facing insolvency. These rumors were triggered by a post from blockchain analytics platform Arkham Intelligence, which misrepresented Bybit’s proof-of-reserves (PoR) data, suggesting a significant drop in the company’s reserve balance. This speculation led to a mass exodus of withdrawals from the platform as users hurried to secure their assets, fearing a repeat of the FTX bankruptcy saga. The growing concerns prompted Bybit CEO ..read more
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President Joe Biden’s Campaign Team Wants to Hire Meme Master
CoinSpeaker
by Godfrey Benjamin
2h ago
Coinspeaker President Joe Biden’s Campaign Team Wants to Hire Meme Master There is an opening in President Joe Biden‘s campaign team for a “Partner Manager”, someone who will be responsible for “engaging the internet’s top content and meme pages.”  President Biden Seeks Votes from Gen Z The United States Presidential election is drawing closer and it is no longer news that the 46th US President plans to have a rerun.  In a bid to secure votes from the younger generation, popularly referred to as Gen Z, the team behind the Biden for President (BFP) campaign is looking for a meme exper ..read more
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