Author: John Smith

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Web3 technology is transforming the digital space, with leaders like Yeti Ouro, Chainlink, and Solana driving innovation and creating more user-friendly ecosystems. Industry leaders like Yeti Ouro (YETIO), Chainlink (LINK), and Solana (SOL) are at the forefront of something big; Web3 technology is changing how the digital space operates. Everything is moving towards a balanced, effective, and user-friendly ecosystem. Each of them brings different technological innovations and applications.  Transforming meme coin space: A more functional P2E Yeti Ouro  The…

Bad actors stole roughly $2.3 billion from web3 projects, with Ethereum accounting for more than half of the total losses. According to the State of Web3 Security in 2024 report from Cyvers, 51% of the stolen funds came from Ethereum-based projects, largely due to its role as the leading blockchain for DeFi and its extensive liquidity. BNB Chain was the second most targeted blockchain, accounting for 24% of losses, while Bitcoin, XRP, and Arbitrum accounted for 5%, 4%, and 3%, respectively. Access control failures accounted for 81% of the total funds lost in 2024, linked to weak authentication and permission…

OKB’s price rose by 20% after OKX chose it as a primary token for mining Animecoin, a new project aimed at transforming the anime industry into a community-owned network. The price of OKX‘s native token OKB (OKB) soared by 20% to $58.86 on Friday, Jan. 17, after the crypto exchange picked it as a primary token for mining Animecoin (ANIME), a web3 initiative backed by Arbitrum and the popular Azuki NFT collection. Starting Jan. 20, OKX will begin mining Animecoin through its Jumpstart program, where users can stake their OKB tokens or Bitcoin (BTC) to mine ANIME, OKX said in a…

Ethereum Foundation developers anticipate the Pectra upgrade to launch in the mainnet around March 2025. In a call on Jan. 16, known as Execution Layer Meeting 203, led by Tim Beiko, Protocol Support Lead at the Ethereum (ETH) Foundation, the developers reviewed the progress of the Pectra upgrade, which will be implemented after the Dencun update. The team confirmed that Pectra Devnet5, a specialized developer testing network created for Ethereum developers to trial the Pectra upgrade, is now live. What issues will Pectra upgrade solve? The Pectra upgrade is a paramount step in addressing some of the core issues facing…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Bitcoin stagnates, investors are turning to Remittix as the next big crypto opportunity for Q1 2025, with its PayFi utility poised to rival top altcoins like Solana and Shiba Inu. Recent Bitcoin price movements have taken it further from its 30-day high. A rebound after a brief stoop below the $90,000 price level on Monday extends BTC’s oscillation between the $105,000 and $90,000 mark to almost a month. Bitcoin’s lackluster performance has triggered a hunt for the best…

Bitmain-backed crypto mining firm BitFuFu has announced plans to expand into North America with the acquisition of a 51-MW Bitcoin mining facility in Oklahoma. Bitcoin (BTC) mining firm BitFuFu has announced plans to buy a majority stake in a mining facility in Oklahoma in a bid to expand its North American operations. In a Jan. 16 press release, the firm said it had signed a letter of intent for the deal, which could close in the first half of 2025. The facility, located in an unpopulated area, has 51 megawatts of power capacity. It runs air-cooled Bitcoin miners and gets…

With $150 million in new funding, Solana-focused wallet Phantom aims to take on traditional finance as the next-gen consumer finance platform. Phantom, the crypto wallet launched in 2021, has raised $150 million in its Series C funding round, co-led by Sequoia Capital and Paradigm, with participation from existing backers including a16z crypto and Variant. The funding, which brought the wallet’s valuation to $3 billion, will help Phantom accelerate crypto adoption and work toward becoming the world’s biggest consumer finance platform, the developers said in a blog announcement. Phantom has grown rapidly since its debut, attracting 15 million monthly active users,…

Spot Bitcoin exchange-traded funds in the United States returned to an inflow streak on Jan. 16 as Bitcoin cemented its position above $100K ahead of President-elect Donald Trump’s inauguration ceremony. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $626.15 million in inflows on Thursday, extending their inflow streak for the second consecutive day, with over $1.3 billion entering the funds during this period. BlackRock’s IBIT attracted the lion’s share of inflows yesterday, drawing in $527.87 million from investors following a day of relatively weak inflows experienced by the fund. The asset manager’s spot Bitcoin ETF currently holds…

Bitwise Europe’s bullish forecast for Solana highlights its potential to capture 11% of global blockchain users, driving its price up 30x by 2030. According to a January 2025 Bitwise report, Bitwise Europe has set forth a positive projection for Solana SOL, suggesting a colossal price uptick from the current price of $212 as of Jan. 17 to $6,636 by 2030, marking a growth of over 3,000%, primarily based on what researchers are calling “the iPhone moment”. Bitwise Europe compared Solana’s debut to that of the iPhone in 2007. Solana has built fast, cost-effective, and user-friendly platforms so non-blockchain people can…

With a focus on developer tools and user-friendly apps, Base is aiming for $100 billion in assets and a stronger global presence by 2025. On Jan. 17, the Base blockchain outlined its plan for the year, targeting $100 billion in on-chain assets by October 2025. The roadmap focuses on increasing developer participation, expanding its user base, and improving the scalability of its blockchain infrastructure. The platform has set specific goals, including bringing in 25,000 developers, onboarding 25 million users, attaining $100 billion on-chain assets, and increasing blockspace capacity to 250 million gas units per second (Mgas/s). In blockchain terminology, “gas”…