Solana is defying the market downturn, generating significantly more revenue than Ethereum. Data collected by blockchain researcher Aylo shows Solana-based apps pulled in ten times more revenue than their Ethereum-based counterparts. Speculation as an Economic Backbone Aylo’s figures revealed Solana’s stronghold is on-chain activity. In the last 24 hours, apps on the network generated $8.4
The Solana-based LIBRA token, initially promoted by Argentinian President Javier Milei, collapsed within hours of its launch. The collapse wiped out $4.4 billion in market capitalization and affected the overall meme coin market. The incident began with Milei’s social media post at 5:01 PM ET, promoting a token purportedly aimed at “boosting the Argentine economy
Key Takeaways The LIBRA token crashed 85% as developers liquidated $87million in USDC and SOL. 82% of the token’s supply is concentrated, leading to centralization concerns. Share this article The LIBRA token, promoted by Argentine President Javier Milei on his official X account, crashed 85% after its development team removed $87 million in USDC and
South Korea crypto rules could change as the government plans to lift the corporate crypto trading ban, paving the way for Korean crypto capital. South Korea has undertaken a major policy shift. On February 13, 2025, the country announced that it is lifting its long-standing crypto trading ban. This decision has now made it possible for institutions,
On Feb. 13, Coinbase reported revenue for the fourth quarter of 2024 to the tune of $2.3 billion which equated to adjusted earnings per share of $4.68, up from $1.04 in the same quarter of 2023. Its quarterly revenue was up 88% year-over-year which translated to a net income of $1.3 billion for the period.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP may drop to $1.80 while Panshibi prepares for a 100x take-off, attracting savvy investors. Crypto price analysts have predicted that XRP holders may take a loss in March. According to predictions, XRP price
Key Takeaways President Milei withdrew support for LIBRA token after it lost 85% value. Previously, Milei promoted CoinX, alleged as a Ponzi scheme impacting investors. Share this article Argentina’s President Javier Milei has withdrawn his support for the LIBRA meme token after initially endorsing it, stating he had no connection to the project. Milei also
Coinbase closed out 2024 on a high note, delivering its best financial performance in years. A post-election spike in crypto trading lit up the company’s Q4, pushing revenue, trading volume, and net income well beyond Wall Street’s projections. Coinbase Revenue Rockets on Trading Boom Coinbase closed Q4 2024 with $2.3 billion in revenue, an 88%
A new legislative proposal in Michigan seeks to create a Bitcoin reserve as part of the state’s financial strategy. On February 13, Representatives Bryan Posthumus and Ron Robinson put forward HB 4087, a bill designed to update the state’s Management and Budget Act by incorporating Bitcoin investments. With this, Michigan now joins 19 other states
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. While the XRP price is predicted to soar past $4 by March 2025, AI coin WallitIQ is set to steal the spotlight with explosive surges. XRP price predictions suggest a rally past $4 by