Ethereum Price Experiences Recent Fluctuations

SAB 121: Biden Intervenes, Vetoes Congressional SEC Guidance Resolution

U.S. President Joe Biden vetoed a joint resolution by Congress that would have repealed the SECs Staff Accounting Bulletin 121 (SAB 121). Announcing his veto on Friday, Biden said he would not support any “measures that jeopardize the well-being of consumers and investors.” In his statement, Biden described SAB 121 as a Republican-led resolution that The post SAB 121: Biden Intervenes, Vetoes Congressional SEC Guidance Resolution appeared first on Coin Edition . read more

Why Are Cardano and Polygon Holders Dumping Their Tokens To Buy Rollblock (RBLK)

The post Why Are Cardano and Polygon Holders Dumping Their Tokens To Buy Rollblock (RBLK) appeared first on Coinpedia Fintech News The crypto market has been experiencing a massive shift in the past few months. New coins have entered the market, outperforming and rising above old coins. In the latest news, Cardano and Polygon investors are currently moving to a new coin making waves in the crypto and online gambling space, known as Rollblock. Analysts have … read more

ARK Invest ends partnership with 21Shares in ETH ETF application

This decision does not affect the ongoing collaboration between 21Shares and ARK Invest on other projects like the ARK 21Shares Bitcoin ETF launched in January. read more

Stablecoins Record $846 Billion In Onchain Trading Volume With A 30% Drop

The post Stablecoins Record $846 Billion In Onchain Trading Volume With A 30% Drop appeared first on Coinpedia Fintech News Stablecoins have recorded $846 billion in on-chain trading volume despite a 30% drop from the previous month. The total stablecoins supply remained $20 billion below its peak, signaling robust market activity. There is a growing acceptance of Stabelcoins as they are now considered a viable option offering a more economical alternative for global transactions. Despite … read more

Algotech AI Features Leave Shiba Inu Behind as SHIB Whales Scoop Over $1.1M in Viral Presale

Algotech, an advanced algorithmic trading platform, is taking over the cryptocurrency world, leaving the once-dominant Shiba Inu (SHIB) behind. SHIB whales have been buying up Algotech’s native token, ALGT, during the project’s viral presale event amid this frenzy. Meme coin mania came and went, and people’s attention shifted to projects with real-world use cases and The post Algotech AI Features Leave Shiba Inu Behind as SHIB Whales Scoop Over $1.1M in Viral Presale appeared first on Live Bitcoin News . read more

Biden Has Lost His Chance to Side With Crypto: Senator Lummis

US Senator Cynthia Lummis criticizes Joe Biden as he vetoed an important crypto bill. read more

4 Ethereum Alternatives That Could Soar Next

The post 4 Ethereum Alternatives That Could Soar Next appeared first on Coinpedia Fintech News Ethereum has always maintained its status as one of the top altcoins in the crypto market. With the recent spot Ethereum ETF approval from the US SEC, alongside over 100% value growth within the past year, Ethereum is the number one altcoin in the crypto industry. Meanwhile, traders can invest in Ethereum alternatives that harbour … read more

Here’s How High XRP Can Climb if Bitcoin Reached $155,000

The cryptocurrency market is abuzz with speculation regarding Bitcoin’s future price movements. Recent analyst predictions suggest a potential surge for the leading cryptocurrency. Crypto Benny (@ben_mclymans), a prominent analyst on X, recently released his prediction targeting a staggering $155,000 price point for Bitcoin. This begs the question: how would such a dramatic rise in Bitcoin’s The post Here’s How High XRP Can Climb if Bitcoin Reached $155,000 appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News . read more

MATIC Under The Lens: Why Is Polygon Busy But Not Making Money?

Polygon (MATIC), a Layer-2 scaling solution for the Ethereum blockchain, finds itself in a curious position. Recent data from Messari paints a picture of a network brimming with activity – daily active addresses surging nearly 120%, new user sign-ups exploding by 70%, and daily transactions reaching a staggering 4 million. Yet, beneath this bustling surface lies a troubling undercurrent: a 19% drop in quarterly revenue compared to the previous quarter, and a hefty 40% decline year-over-year. Related Reading: Ethereum Bloodbath: Over $55 Million In Longs Liquidated As Price Plummets Polygon: A Network On Fire Polygon’s user base is clearly smitten. The first quarter of 2024 witnessed a land rush, with new addresses flocking to the network at an unprecedented rate. This surge in user adoption translated into a transaction frenzy, with daily interactions on the platform quadrupling. The decentralized finance (DeFi) sector on Polygon also thrived, with the total value locked (TVL) in DeFi projects climbing 30% compared to the previous quarter. The non-fungible token (NFT) ecosystem on Polygon also got a shot in the arm, with sales volume rising by nearly 20%. The Revenue Riddle So, why the long face amidst the celebratory confetti? The answer lies in Polygon’s dwindling revenue stream. Despite the exponential growth in activity, the network’s coffers are taking a hit. The $7 million earned in Q1 2024 pales in comparison to the $10 million and $12 million raked in during the previous quarter and the same period last year, respectively. This disconnect between booming activity and declining revenue is the million-dollar question that has analysts scratching their heads. MATIC market cap currently at $6.8 billion. Chart: TradingView.com Fee Fiasco Or Funding Flux? There are two main suspects behind this revenue paradox. The first culprit could be Polygon’s transaction fee structure. Perhaps, in a bid to attract more users, the network lowered its fees to an extent that, despite the massive increase in transactions, the overall revenue generation suffered. Another possibility lies in a potential shift in Polygon’s revenue sources. Maybe there was a decline in income from a specific source, such as grants or partnerships, that wasn’t adequately compensated for by growth in other areas. Related Reading: Can DEX Boom Save Cardano? ADA Seeks Recovery As Trading Activity Surges Christian Encila Christian Encila 22 hours ago 2 mins read What Lies Ahead Polygon faces a critical juncture. The network’s ability to attract users and foster a vibrant DeFi and NFT ecosystem is undeniable. However, if it fails to address the revenue conundrum, its long-term sustainability could be at risk. Moving forward, transparency from Polygon regarding its fee structure and revenue streams will be crucial in assuaging investor concerns. Additionally, exploring alternative revenue models, such as offering premium services or strategic partnerships, could be the key to unlocking Polygon’s full financial potential. Featured image from Zameen.com, chart from TradingView read more

Franklin Templeton Starts Fee War Quoting 0.19% Sponsor Fee

The post Franklin Templeton Starts Fee War Quoting 0.19% Sponsor Fee appeared first on Coinpedia Fintech News Franklin Templeton has started the fee war as it is the first one to announce its fees in an S1 application. In a filing with the US SEC, Franklin Templeton revealed that it would only charge 0.19% as a sponsor fee while others haven’t disclosed it yet. The sponsor fees are to compensate for the … read more