Celestia May Surpass Ethereum in Data Storage Capacity

Celestia May Surpass Ethereum in Data Storage Capacity

In A Nutshell A recent study conducted by Blockworks Research has placed Celestia, a layer-1 data availability network launched in 2023, on the trajectory to surpass Ethereum in terms of on-chain data storage capacity. Since its inception, Celestia has gradually increased its market share, capturing from roughly 20% to 40% by the end of July….

Ethereum Whales Buy $440M ETH, Market Eyes Rally

Ethereum Whales Buy $440M ETH, Market Eyes Rally

In A Nutshell Recent analysis reveals Ethereum (ETH) whales have aggressively accumulated over 126,000 ETH, valued around $440 million, within a span of 48 hours. This significant activity has sparked discussions on a possible preparatory phase for a bullish rally amidst mixed market signals. Exchange platforms are witnessing heightened trading volumes, indicating a collective anticipation…

Google Unveils Gemma 2 AI Series for Safer, Open AI

Google Unveils Gemma 2 AI Series for Safer, Open AI

In A Nutshell Google has unveiled three new generative Artificial Intelligence (AI) models within its Gemma 2 series – Gemma 2 2B, ShieldGemma, and Gemma Scope. These tools emphasize enhanced safety, efficiency, and transparency, with a nod toward open-source methodology akin to Meta’s approach with its Llama models. This move not only advances the capabilities…

XRP Surges, Defies Crypto Market Downtrend

XRP Surges, Defies Crypto Market Downtrend

In A Nutshell XRP, the cryptocurrency native to the Ripple network, has recently shown a significant price increase, decoupling from the broader market trend that has seen most cryptocurrencies, including Bitcoin, move in a bearish direction. This article delves into the factors behind XRP’s bullish momentum and what future movements we might expect from this…

SEC Refocuses Binance Lawsuit on Crypto as Securities

SEC Refocuses Binance Lawsuit on Crypto as Securities

In A Nutshell The U.S. Securities and Exchange Commission (SEC) has recently amended its case against the cryptocurrency exchange Binance, shifting focus towards the definition of crypto assets as securities. This move follows a court ruling that Binance Coin (BNB) does not constitute a security. This development has significant implications for the cryptocurrency sector, especially…

ZKX Protocol on Starknet Shuts Down Amid DeFi Struggles

ZKX Protocol on Starknet Shuts Down Amid DeFi Struggles

In A Nutshell The ZKX Protocol, a social derivatives trading platform based on the Ethereum Layer-2 network Starknet, has announced its closure. The founder, Eduard Jubany Tur, cited a lack of user engagement, decreased trading volumes, and insufficient daily revenue as the primary reasons for the shutdown. Despite a recent $7.6 million funding round, the…

Futurama’s The One Amigo Satirizes NFT Craze

Futurama’s The One Amigo Satirizes NFT Craze

In A Nutshell The beloved animated series, Futurama, is no stranger to weaving contemporary cultural references throughout its plotlines, and its most recent episode, “The One Amigo”, is no exception. Airing more than two decades after its original premiere, the series revisited its satirical roots by delving into the realm of non-fungible tokens (NFTs) and…

Movement Labs Teams Up with Polygon for $160M Blockchain Boost

Movement Labs Teams Up with Polygon for $160M Blockchain Boost

In A Nutshell Movement Labs has embarked on an innovative journey through its partnership with Polygon Labs’ AggLayer, aiming to redefine the paradigms of blockchain interoperability and liquidity. This collaboration marks a significant milestone with a remarkable $160 million total value locked (TVL) pledge supporting the mainnet’s imminent launch. The integration signifies a leap towards…

Ethereum Market Soars, Hits $11.8B in Open Interest

Ethereum Market Soars, Hits $11.8B in Open Interest

In A Nutshell The Ethereum market has shown significant signs of momentum with a surge in open interest, alongside a record-high funding rate. This article delves into the factors propelling this bullish sentiment, including the approval of Ethereum ETFs and the implications of these market developments. Ethereum’s Surge in Open Interest Recent data highlights a…