Data

Bots suspected of pushing Solana over Ethereum — Research

July 30, 2024 Coin Telegraph

Solana overtakes Ethereum on numerous metrics, but research finds its performance to be inorganic.

Solana has overtaken Ethereum on various metrics this week, but a recent research article on X claims that most of this activity is conducted by bots.

The article, published by pseudonymous researcher Flip Research on July 30, found a suspiciously high count of daily transactions per user on Solana.

Solana recorded an average of 217 transactions per user on July 26 across 1.3 million active addresses. In comparison, Ethereum only recorded less than three transactions per user across 376,300 active users.

Cardano Primed To Continue Surging As Whales and Institutions Accumulate ADA, Says Crypto Analyst

Monad’s $225M funding: Optimistic parallelization and MonadBFT insights

July 18, 2024 Coin Telegraph

Monad’s 5M funding: Optimistic parallelization and MonadBFT insights

Coin Telegraph

Monad Labs raised $225 million, led by Paradigm, pushing forward the discussion on parallelized EVM chains.

Monad is a new layer-1 smart contract platform that recently raised $225 million in funding from venture capital firm Paradigm.

Although Monad has not launched yet, it is expected to be live on its public testnet in late 2024, with mainnet deployment planned for early 2025.

Monad is a parallel Ethereum Virtual Machine (EVM) project, and like similar projects such as Aurora (built on the Near Protocol) or Sei, it attempts to parallelize the execution of EVM instructions so the network can process multiple transactions concurrently. This makes it possible to handle a larger volume of transactions, increases throughput and reduces costs.

Cardano Primed To Continue Surging As Whales and Institutions Accumulate ADA, Says Crypto Analyst

Scammer returns $9.3M DAI to victim 10 months after phishing them

July 15, 2024 Coin Telegraph

Scammer returns .3M DAI to victim 10 months after phishing them

Allowance Function

In a strange turn of events, a phishing scammer has returned a large portion of funds it stole from a victim last September.

A phishing scammer has suddenly returned nearly $9.3 million to a victim after stealing $24 million from them in a phishing attack last September.

First noticed by Scam Sniffer on July 13, the scammer used Dai (DAI) stablecoin to return the funds across two transactions last week.

The first transfer saw $5.23 million returned on July 8, while another $4.04 million was sent on July 13 at 12:06 pm UTC, Etherscan data shows.

Cardano Primed To Continue Surging As Whales and Institutions Accumulate ADA, Says Crypto Analyst

Bitcoin whales snapped up $4.3B of BTC amid price slump

July 15, 2024 Coin Telegraph

bitcoin whale

Bitcoin whales haven’t accumulated this much Bitcoin over a 30-day period since April 2023, shortly after several local banks in the United States collapsed.

Bitcoin whales took full advantage of the crypto market slump earlier this month, accumulating 71,000 Bitcoin amid the fastest rate of Bitcoin stacking since April 2023.

Much of that Bitcoin (BTC) — worth $4.3 billion at current prices — was scooped up when Bitcoin retraced to $54,200 on July 5, a chart from cryptocurrency analytics firm IntoTheBlock shows.

CryptoQuant notes that Bitcoin whales have now been stacking Bitcoin at the fastest rate (on a 30-day moving average) since April 2023, shortly after several local banks in the US collapsed.

Cardano Primed To Continue Surging As Whales and Institutions Accumulate ADA, Says Crypto Analyst

NFT sales fell 44% as crypto dipped, memecoins steal ‘mind share’ in Q2

July 1, 2024 Coin Telegraph

Apollo Crypto

Several PolitiFi and animal-themed memecoins continued to soar in the second quarter despite the broader market downfall, which NFTs were a part of.

A recent flood of celebrity, political, and animal-themed memecoins, along with a crypto market downturn, may have contributed to a 44% fall in the sale of non-fungible tokens (NFTs) in Q2, according Apollo Crypto’s investment chief.

Data from CryptoSlam shows NFT sales fell from $4.14 billion in Q1 to $2.32 billion in Q2 as part of a broader market downfall.

“Q2 was a difficult market with Bitcoin declining by 15% and many altcoins performed significantly worse than that,” Henrik Andersson, chief investment officer at Apollo Crypto, told Cointelegraph.

Cardano Primed To Continue Surging As Whales and Institutions Accumulate ADA, Says Crypto Analyst

Number of crypto ATMs installed nears its all-time record

June 30, 2024 Coin Telegraph

Athena Bitcoin

The net 2,564 cryptocurrency ATMs installed so far in 2024 is on track to outpace the net 2,861 machines that were unplugged in 2023.

The number of cryptocurrency ATMs installed worldwide has spiked 17.8% to 38,279 over the last 12 months — inching closer to its record of 39,541 set back in December, 2022.

It includes a net 2,564 cryptocurrency ATMs added so far in 2024, which is on track to outpace the net negative 2,861 machines that were unplugged in 2023, according to Coin ATM Radar.

The tally increased every single month between July, 2023 and May, 2024.

Cardano Primed To Continue Surging As Whales and Institutions Accumulate ADA, Says Crypto Analyst

41% of top ZK airdrop wallets have already sold everything — Nansen

June 18, 2024 Coin Telegraph

Airdrop

The data covered the “top 10,000 addresses” that received zkSync’s new ZK token, though that only makes up 1.4% of the total wallets eligible for the ZK airdrop.

Nearly half of the top wallets that received the new zkSync (ZK) token on Monday, June 17, have already sold their entire allocation in the airdrop, contributing to a 34.5% fall in the price of ZK since its launch.

Data from blockchain analytics firm Nansen shows that nearly 41% of tracked addresses sold their entire airdrop, while 29.2% sold at least some of their tokens. The total amount sold across both cohorts was over 486 million ZK.

Just over 30% of the top receiving wallets have held onto their ZK tokens.

Cardano Primed To Continue Surging As Whales and Institutions Accumulate ADA, Says Crypto Analyst

DTCC, Chainlink complete fund data tokenization pilot with U.S. banks

May 17, 2024 Coin Telegraph

Chainlink

The pilot program tested a method of bringing traditional finance fund data onto blockchains with big banks JPMorgan and BNY Mellon also involved.

The world’s largest settlement system, the Depository Trust and Clearing Corporation (DTCC), and blockchain oracle Chainlink have wrapped up a pilot program with several major banking firms in the United States aimed at increasing traditional finance fund tokenization.

The Smart NAV Pilot program was conducted to standardize a method of providing net asset value (NAV) data of funds across blockchains, using Chainlink’s Cross-Chain Interoperability Protocol (CCIP), according to a May 16 DTCC report.

“The pilot found that by delivering structured data on-chain and creating standard roles and processes, foundational data could be embedded into a multitude of on-chain use cases, such as tokenized funds and ‘bulk consumer’ smart contracts, which are contracts that hold data for multiple funds,” it wrote.

Cardano Primed To Continue Surging As Whales and Institutions Accumulate ADA, Says Crypto Analyst

Blockchain adoption in healthcare faces serious obstacles in Germany

May 12, 2024 Coin Telegraph

Coin Telegraph

Blockchain technology could enhance healthcare digitalization, but privacy concerns are hampering adoption.

Blockchain technology has expanded beyond cryptocurrency and is now used in a number of applications, including decentralized databases, which can prevent counterfeiting through transparency and security.

This ability to secure data is particularly valuable to the healthcare sector, where blockchain tech can secure data, enhance data integrity and empower patients to control their data more effectively.

It can also improve transparency in supply chains and verify the authenticity of medicine. Additionally, blockchain aids in healthcare identification and has the potential to enhance biomedical research by simplifying data storage and exchange.

Cardano Primed To Continue Surging As Whales and Institutions Accumulate ADA, Says Crypto Analyst

Pyth Network partners with Portofino to expand its live price feeds

April 10, 2024 The Crypto Briefing

Crypto Briefing

Pyth Network partners with Portofino Technologies to improve its crypto data feeds, ensuring real-time price accuracy.

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