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Shiba Inu (SHIB) is down 26% as burn rate declines.

Shiba Inu (SHIB), the popular meme coin, has experienced a dramatic decline in its price over the past month, falling by 26%. This downturn has been attributed to a significant reduction in the token’s burn rate, which has weakened its value proposition and investor confidence. origin »

US election bets make up 88% of Polymarket’s volume.

Polygon-based Polymarket has seen a substantial portion of its 2024 trading volume—88%—stemming from bets related to U.S. election outcomes, according to Dune Analytics data. Elections in America have dominated activity on blockchain prediction platforms like Polymarket, which has recorded over… origin »

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Ethereum’s 40% post-ETF drop is an expected ‘sell-the-news’ reaction – Bitfinex.

Bitfinex analysts said Ethereum’s (ETH) 40% decline following the launch of spot ETH exchange-traded funds (ETFs) in the US is an expected “sell-the-news” reaction. According to the latest edition of the “Bitfinex Alpha” report, Ethereum ETFs are facing substantial challenges as significant outflows continue to weigh heavily on Ether’s performance, exacerbating the asset’s underperformance relative […] The post Ethereum’s 40% post-ETF drop is an expected ‘sell-the-news’ reaction – Bitfinex appeared first on CryptoSlate. origin »

How Solana boosted PYUSD to near $1B market valuation.

Solana is playing a critical role in bringing PYUSD into the mainstream. $1 billion marketcap on the horizon, recap of how PYUSD’s robust marketcap growth has played out since the Solana inteThe post How Solana boosted PYUSD to near $1B market valuation appeared first on AMBCrypto. origin »

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