The PancakeSwap community is proposing a significant reduction in the overall supply cap of its native token, CAKE. Currently set at 750 million, a newly unveiled proposal suggests decreasing the total supply limit to 450 million. This proposal is driven by CAKE’s consistent deflation over the past few months and PancakeSwap’s focus on advancing towards
Near Protocol, a popular blockchain platform, has caught the attention of traders with its recent surge in price. With a staggering 20% increase in NEAR’s price, many are wondering if it’s too late to invest in Near Protocol. The platform has experienced exceptional growth, becoming the number one blockchain in terms of daily active users
The on-chain data reveals a concerning trend as XRP whales have been making exchange inflows in the past day. These transactions, totaling four and each worth at least $10.9 million, have caught the attention of market observers. Given the significant value involved in these transactions, it is highly likely that whale entities are behind them.
In a bold move to revolutionize the gaming industry, Oasys, a leading blockchain platform, has recently announced its dynamic partnership with Datachain and Toki to enhance the interoperability of Web3 games developed on its network. This collaboration marks a significant milestone for Oasys as it seeks to expand its ecosystem and solidify its position as
In the ever-evolving world of cryptocurrency, decentralized exchange (DEX)-launched tokens have been causing seismic rallies. The latest contenders, CHEEBS and AVAXINU, have managed to mount impressive 150x rallies overnight, attracting the attention of traders who are seeking the next skyrocketing meme coin. This trend of explosive moves in DEX-traded tokens has been observed over the
In an effort to pave the way for institutional adoption of digital assets, Yellow Network, a cutting-edge Layer3 blockchain platform, is set to launch its beta testnet. With a focus on revolutionizing finance by addressing the challenges of counterparty risk, fragmented liquidity, and poor user experience, Yellow aims to create a transparent financial system combining
Former FTX CEO, Sam Bankman-Fried, has been denied an adjourned sentencing hearing, as stated in a court filing on Dec. 20. Bankman-Fried’s legal team requested a four to six-week adjournment, which would push the sentencing into May 2024. Currently, the sentencing date is set for March 28, 2024. The defense argued that they needed additional
In the rapidly evolving world of cryptocurrency, trust and transparency are of utmost importance. As the popularity of digital assets continues to grow, investors and customers are increasingly concerned about the security and backing of their funds. To address these concerns, major cryptocurrency exchanges have adopted proof-of-reserves (PoR) practices. By providing an overview of asset
Solana (SOL) has undeniably emerged as a standout performer in the recent cryptocurrency landscape, showcasing a remarkable surge in value that has captured the attention of market participants. Its extraordinary performance, marked by substantial gains, has propelled Solana beyond the ranks of other leading cryptocurrencies, securing a coveted position among the top five by market
The blockchain gaming industry has been revolutionized with the official launch of Immutable Passport by Immutable, a leader in the field. The purpose of this universal profile system is to simplify the signup process for gamers in the Web3 world. By allowing players to carry their identity, achievements, and digital assets across different online games
