Modular blockchain network Celestia has begun a large unlock of its native token, TIA, valued at roughly $890 million at current prices. At time of writing, TIA is down nearly 20% in the last week, and is 77% down from its all-time high as the unlock takes place. Token unlocks are often seen as bearish […]
The post Celestia Corrects As TIA Absorbs $890,000,000 In Token Unlocks Worth 80% of Supply appeared first on The Daily Hodl.
A closely followed crypto strategist is warning that one modular blockchain project may be on the verge of collapse. Pseudonymous analyst Altcoin Sherpa tells his 224,000 followers on the social media platform X that layer-1 Celestia (TIA) could plummet by more than 77% from its current value due to prolonged investor selling. The analyst cites […]
The post Analyst Says One Altcoin Primed To Crash by Over 75%, Updates Outlook on Bitcoin, Stacks and Eigenlayer appeared first on The Daily Hodl.
New data from tokenomics insights firm Token Unlocks reveals that billions of dollars worth of crypto assets are expected to pour into markets in October. In a new thread on the social media platform X, the market intelligence platform says that $3.46 billion worth of digital assets are scheduled to be unlocked next month, including […]
The post $3,460,000,000 Worth of Crypto Assets Set To Hit Altcoin Markets Next Month, According to Token Unlocks appeared first on The Daily Hodl.
Layer-1 modular blockchain Celestia (TIA) is soaring after the project’s foundation raised $100,000,000 to support the ecosystem. According to the Celestia Foundation, the nonprofit group set up to support the TIA network, the $100 million fundraising was led by Bain Capital Crypto. Other groups contributing to the funding included Syncracy Capital, 1kx, Robot Ventures and […]
The post Celestia (TIA) Skyrockets After Foundation Announces $100,000,000 Fundraise appeared first on The Daily Hodl.
A closely followed crypto analyst says that a clear bull pattern is forming for one artificial intelligence (AI)-focused altcoin while updating his outlook on three other tokens. Pseudonymous crypto trader Altcoin Sherpa tells his 223,300 followers on the social media platform X that a “clear bull trend” is underway for machine learning protocol Bittensor (TAO). […]
The post Analyst Says Clear Bull Trend Underway for AI-Focused Altcoin, Updates Forecast on FET and Two Other Coins appeared first on The Daily Hodl.
The investment round’s backers include Bain Capital, Syncracy Capital, 1kx, Robot Ventures, and Placeholder, bringing Celestia’s total fundraising to $155 million.
The Celestia Foundation has secured $100 million in a funding round led by Bain Capital Crypto, with contributions from investors like Syncracy Capital, 1kx, Robot Ventures, and Placeholder.
According to a Sept. 23 announcement, the capital raised brings Celestia’s total fundraising to date to $155 million after a recent launch as one of the first modular data availability layer protocols.
The startup targets one of the key challenges in blockchain networks: scalability and data availability.
A popular crypto analyst thinks the modular blockchain network Celestia (TIA) will collapse in price over the long term. Pseudonymous analyst Altcoin Sherpa tells his 222,800 followers on the social media platform X that TIA will plunge to below $1 eventually, though he acknowledges it could see some “random short squeezes” before that. “Psyops would […]
The post Analyst Predicts Massive Collapse for Celestia (TIA), Updates Outlook on FET and Two Additional Altcoins appeared first on The Daily Hodl.
Next-gen zero-knowledge proofs are “orders of magnitude” cheaper than existing options, Risc said.
Risc Zero is preparing to launch a service designed to use zero-knowledge (ZK) proofs to bring blockchain security to any off-chain application, according to a Sept. 16 announcement.
Called ‘Boundless’, the service seeks to resolve blockchain’s most vexing scalability challenges — including limits to transaction throughput and cross-chain interoperability— by “bypassing traditional onchain execution limits” with ZK proofs, Risc said.
Boundless is the latest in a proliferation of potential solutions to blockchain’s scalability constraints, which contribute to higher costs and slower execution times for transactions.
Venture capitalist Chris Burniske is reasserting his stance on one of his main altcoin picks for this crypto market cycle. Burniske says on the social media platform X that he’s still loading up on Celestia (TIA) tokens, anticipating a massive recovery despite being 77% down from its all-time high. The investor also says that fear […]
The post Investor Chris Burniske Doubles Down on One Layer-One Altcoin Play While Shorts Pile Up – Here’s Why appeared first on The Daily Hodl.
Investor and former crypto analyst at ARK Invest Chris Burniske says that digital assets are showing subtle signs of an early bull market move. Burniske, a partner at venture capital firm Placeholder, says that modest rallies amid bearish market sentiment bode well for crypto assets. “Continuing to see subtle green shoots, while public sentiment remains […]
The post Venture Capitalist Chris Burniske Says Subtle Signs of Crypto Bull Market Flashing Amid Depressed Sentiment appeared first on The Daily Hodl.
