Author: Kryptonews
Key NotesUpbit announced the listing of EPT and AXL for June 10.Both tokens saw sudden spikes in trading activity.The Korean exchange’s trading volume increased by 60% in 24 hours. Upbit, the leading South Korean cryptocurrency exchange, brought Axelar AXL $0.51 24h volatility: 60.3% Market cap: $486.18 M Vol. 24h: $131.37 M and Balance (EPT) to its listing spotlight. The Korean centralized exchange will list AXL at 07:00 UTC and EPT at 09:00 UTC on June 10. Balance will only be available to trade with USDT USDT $1.00 24h volatility: 0.0% Market cap: $155.23 B Vol. 24h: $31.34 B , while users…
Bitcoin’s recent surge in on-chain activity has reignited the long-standing debate about the network’s scaling capabilities. A significant increase in transactions, driven primarily by Ordinals and BRC-20 tokens, has led to higher fees and longer confirmation times, reminding users of Bitcoin’s inherent limitations in handling large transaction volumes. This has prompted a fresh look at potential scaling solutions and their trade-offs.## The Ordinals EffectThe advent of Ordinals, which allow for embedding data inscriptions on individual satoshis (the smallest unit of Bitcoin), has dramatically changed the landscape. While proponents see Ordinals as a way to expand Bitcoin’s utility and bring new…
Blockchain Technology and its Potential for a More Secure Future In today’s fast-paced digital world, security remains a top priority for individuals, businesses, and governments alike. Cyberattacks, data breaches, and financial fraud continue to rise, causing billions of dollars in losses each year. Traditional security systems often fall short because they rely on centralized control, which can be vulnerable to single points of failure. This is where blockchain technology steps in, offering a decentralized and secure solution that could reshape the future of data integrity and financial transactions. How Blockchain Works At its core, blockchain is a distributed ledger technology…
Sui (SUI) has emerged as a closely watched altcoin as we enter June 2025. Investors are evaluating whether SUI can sustain its recovery and potentially rally further this month amid a mix of positive project developments and macroeconomic uncertainty. In this report, we examine Sui’s fundamental strengths to forecast SUI’s price trajectory for June 2025.Sui’s Fundamental Strengths and Recent DevelopmentsRecent DevelopmentIn August 2024, the network achieved a major technical milestone by deploying its new Mysticeti consensus protocol on mainnet, cutting transaction finality to an astonishing 390 milliseconds. This upgrade – an 80% latency reduction over Sui’s original consensus – established Sui…
Key Takeaways: ETH staking hit a record high of 34.65 million, locking nearly 29% of supply. BlackRock’s ETH Trust saw 23 straight days of inflows, signaling strong institutional demand. ETH price surged to a 12-day high but faces resistance at $2,700 amid signs of momentum exhaustion. Ethereum staking has reached a new milestone, as the total amount of ETH locked on the Beacon Chain climbed to an all-time high of 34.65 million on Sunday.The move coincides with ETH reclaiming a 12-day high of $2,700, sparking renewed interest in the network’s fundamentals.According to Beaconcha.in, staking levels had hovered above 33 million…
A Verkle tree is a commitment scheme that works similar to a Merkle tree, but has much smaller witnesses. It works by replacing the hashes in a Merkle tree with a vector commitment, which makes wider branching factors more efficient. Thanks to Kevaundray Wedderburn for feedback on the post. Overview For details on how verkle trees work, see: The aim of this post is to explain the concrete layout of the draft verkle tree EIP. It is aimed at client developers who want to implement verkle trees and are looking for an introduction before delving deeper into the EIP. Verkle…
The Rise of Blockchain-as-a-Service (BaaS): A Smart Choice for Leaders Blockchain technology has rapidly evolved from a niche fintech solution to a transformative force across industries. However, deploying and managing blockchain systems requires specialized expertise and resources—presenting a significant barrier for businesses adopting this technology. This is where Blockchain-as-a-Service (BaaS) steps in, providing leaders with a seamless, scalable, and cost-effective solution to integrate blockchain without the complexity of building and maintaining it in-house. What is Blockchain-as-a-Service (BaaS)? BaaS platforms allow businesses to leverage blockchain capabilities without the overhead of developing and operating their own networks. Similar to cloud computing, BaaS…
A cryptocurrency trader has achieved major returns on KTA tokens, pushing an initial investment of $171,000 into $9.3 million over approximately three months. The trader, identified as wallet address 0x11e1, spent 91.5 ETH to acquire 6.02 million KTA tokens during the project’s early stages. Trader 0x11e1 turned $171K into $9.3M on $KTA in 3 months, a 54x return! He spent 91.5 $ETH($171K) to buy 6.02M $KTA about 3 months ago, which is now worth $9.3M.https://t.co/kolsNR414l pic.twitter.com/KHio6YszLH — Lookonchain (@lookonchain) June 9, 2025 KTA Technical Analysis Suggests Potential Correction Ahead Despite the impressive rally, technical indicators are beginning to flash warning…
Five men have pleaded guilty to their roles in a $36.9 million international crypto scam scheme that targeted Americans, with funds ultimately being sent to a crypto scam center in Cambodia.The crypto scammers used shell companies and US bank accounts to rake in the stolen funds before converting them into Tether (USDT) and sending it to a crypto wallet controlled in Cambodia, the US Attorney’s Office for the Central District of California said on Monday.The guilty pleas reflect the US government’s crackdown on crypto scams and money laundering rings operating out of Asia, especially those linked to the North Korean…
The native token behind the Injective blockchain could be getting an exchange-traded fund in the US, as Canary Capital created a trust in Delaware for a product that appears to offer staking exposure to the token. The Delaware Division of Corporations website shows the entity “Canary Staked INJ ETF” was formed on Monday, the asset manager’s apparent first step to offering a fund based around staked Injective (INJ).Crypto ETFs typically start with Delaware trustFiling for a trust in Delaware is usually the first step an ETF issuer takes before further filings are made with the Securities and Exchange Commission to launch…
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