Category: Trending Cryptos

[ad_1] Source: Adobe / Bill Gallery The once-lucrative business of market-making in crypto, facilitating trades and profiting from the spread between buying and selling prices, has faced headwinds recently. One major factor contributing to this decline is the heightened caution among investors following the crypto market’s downturn last year, which wiped out approximately $2 trillion…

[ad_1] The Ethereum Layer-2 network Base exhibited some growing pains today, experiencing an outage that lasted half an hour and took another 30 minutes to fully resolve. “We had a delay in block production due in part to our internal infrastructure requiring a refresh,” Base reported on Twitter. “The issue has been identified and remediated.…

[ad_1] Shytoshi Kusama, the lead developer of the Shiba Inu project, has confirmed the development of a “Burn Portal” for the Shibarium protocol. This announcement comes as the protocol continues to gain traction, following its successful relaunch after an initial setback in mid-August. Lucie, a renowned SHIB influencer, shared a screenshot where Kusama confirmed the…

[ad_1] The circulating supply of Binance USD (BUSD) has fallen to $2.8 billion, marking its lowest point since early 2021, when the stablecoin was still relatively new to the crypto market, according to CryptoSlate’s data. The Binance-backed stablecoin has seen its market share rapidly decline this year after it was labeled securities by the U.S.…

[ad_1] Our weekly roundup of news from East Asia curates the industry’s most important developments. Thailand’s crypto UBI Thailand has a national airdrop in the works under which every citizen 16 years and older receives 10,000 baht ($285). According to local news reports on Aug. 30, Thailand’s ruling Pheu Thai party will consult the Bank…