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Market intelligence platform IntoTheBlock says Coinbase’s Ethereum (ETH) scaling solution is on track to become the largest layer-2 (L2) blockchain by the end of the year. In a new report, IntoTheBlock says that key metrics indicate Base is experiencing exceptional growth this year. IntoTheBlock first looks at Base’s total value locked (TVL), the metric representing the amount of assets staked or locked in a platform. “Base, the L2 blockchain from Coinbase that has been live for just over a year, is close to surpassing Arbitrum as the largest Ethereum L2 by TVL. In September alone, Base saw an influx of roughly $700 million in TVL. If its current growth trend continues, it will likely be the largest L2 by year-end.” IntoTheBlock also says that additional metrics indicate Base is outperforming other popular L2s, including Optimism (OP) and Arbitrum (ARB). “TVL is not the only metric where Base has seen large gains relative to Optimism and Arbitrum. The network h

Bitcoin recovered sharply from the drop below $60,000 last week, but buyers are struggling to sustain the higher levels. This mixed price action has pushed several investors to turn to the meme coin sector to get significant profit. Most are beaming their focus on newly released meme coins to discover profit-spinning projects.  The primary consideration in this article will be how well these tokens performed. We also explore the returns these meme-coins gave to investors. Therefore, we will analyze some newly released meme coins that can give investors high ROI. Newly Released Meme Coins to Buy Today Since their launch, Trump Force 47, Hawk, and Loppy have consistently delivered impressive performances and captured the attention of investors. They show no signs of slowing down, posting profits between 5% and 50.7% in the last 24 hours. What makes their performances more remarkable is that the crypto market previously experienced a pullback phase, during which prices of cryptocurren

Dogecoin (DOGE) is projected to break new yearly highs “any moment now,” according to a bullish price analyst. DOGE is currently testing a crucial demand level after experiencing a 23% decline from its local highs of $0.13. Members of the crypto community remain bullish on the asset, predicting a surge to come. One analyst in particular is focusing on DOGE’s current yearly highs, saying that they may be breached very soon. DOGE analyst Mister Crypto has shared a bullish outlook, stating that Dogecoin could begin its next rally “any time now.” Mister Crypto’s technical Analysis highlights key support levels, suggesting that the current price could be set to boom. Dogecoin has seen massive volatility, reflecting the broader market’s uncertainty. Mister Crypto’s Analysis highlights a 4-day (4D) price chart, where a bullish triangle pattern has been breached. The breakout is a surefire signal that a breakout is coming, although a timetable is hard to determine. Now, Mister Crypto’s fore

1. Optimism Opens Claims for Fifth Season Airdrop, Distributing Over 10 Million OP link Ethereum Layer 2 network Optimism has announced the opening of its fifth season airdrop, distributing over 10 million OP tokens to 54,000 unique addresses. Users who interacted with at least 20 independent contracts on the Superchain between March and September 2024, with a contract-to-transaction ratio of at least 10%, are eligible to claim the airdrop. Different airdrop multipliers will be matched based on the level of interaction. 2. Swell Network: Users Can Now Check Eligibility for SWELL Token Distribution link Swell Network has announced that users can check their eligibility for claiming SWELL tokens through its platform and encourages users to collect “White Pearls.” Users can visit Swell’s DAO page for specific details. Additionally, Swell introduced the re-staking feature for SWELL tokens, allowing users to stake them as rSWELL to help secure the Swell Layer 2 network. 3. Puffer Airdrop Se

In a market where fortunes can change in the blink of an eye, today’s top crypto gainers are rewriting the narrative with jaw-dropping surges. Leading the charge on Oct 11, tokens like Solar, Wing Finance, Qtum, and Golem have broken through market expectations, delivering impressive gains that are hard to ignore. With each of these projects offering unique innovations, the market is buzzing with excitement. Let’s explore what’s fueling these amazing performances and what they mean for investors looking to ride the wave.   Biggest Crypto Gainers Today – Top List Solar’s surge comes from its integration with NOWPayments, making $SXP payments easier for travel bookings. Wing Finance is gaining traction with its DeFi solutions, simplifying crypto lending using a credit-based system.  Qtum is drawing attention by combining Bitcoin’s security with Ethereum’s smart contracts. At the same time, Golem’s computing power marketplace is transforming industries with decentralized solutions for

Coinbase is adding support for one artificial intelligence (AI)-focused altcoin on the Solana (SOL) network. In a new announcement, the top US crypto exchange says that decentralized physical infrastructure network (DePIN) io.net (IO) is being added to the platform for trading. Says Coinbase, “Trading will begin on or after 9 a.m. Pacific Time on October 9th, 2024, if liquidity conditions are met. Once sufficient supply of this asset is established trading on our IO-USD trading pair will launch in phases. Support for IO may be restricted in some supported jurisdictions.” IO is trading for $1.77 at time of writing, down more than 3% in the last 24 hours. With a current market cap of $168 million, iot.net is the 295th-largest crypto project. The io.net project aims to harness idle graphics processing units (GPUs) for use by machine learning (ML) and AI projects. Says the project website, “We make computing more scalable, accessible and efficient. Our mission is

As Bitcoin struggles to maintain its valuation above $60,000, a market strategist has expressed his surprise regarding the asset’s inability to trade at a record high despite operating in a favorable environment. According to the expert, Bitcoin’s price should be above $73,000, citing the current macroeconomic environment dominated by the recent Federal Reserve interest rate cut and geopolitical tensions; Roy Mattox, a chief market strategist, noted this in an X post on October 10. In line with this observation, Bitcoin failed to hold its position above the $65,000 support, with the asset correcting in the wake of escalating tensions in the Middle East. This drop has cast doubt on Bitcoin’s ability to emulate gold and serve as a hedge in such an environment.  Picks for you Bitcoin's price this Halloween: new record looms? Finance exper

 A United States district judge has approved the government’s motion for order authorizing alternative notification procedures in the case of the funds recovered from Ilya Lichtenstein and Heather Morgan from the Bitfinex hack.  This approval will allow the US to post a notification about the case on the Department of Justice’s (DoJ) large cases website “out of an abundance” of caution so that individuals who could potentially raise claims have an opportunity to do so. However, the US government also notes that it “is not aware of any person who qualifies as a victim… beyond perhaps Bitfinex.” Read more: Bitfinex hacker Razzlekhan was job hunting at Bitcoin 2024 The Bitfinex Hack Haircut This case centers around funds recovered from Lichtenstein and Morgan after they pleaded guilty to laundering the proceeds of the 2016 hack. The hack is one of the largest thefts of bitcoins ever, and in response, Bitfinex haircut many customer accounts, replacing the funds in their accounts wit

Just over two months after BlackRock, a major asset manager heavily invested in cryptocurrencies, suggested that Bitcoin (BTC) and Ethereum (ETH) were the only two digital assets worth buying, here’s how they have fared in terms of price since its team’s public recommendation. Indeed, at the Bitcoin 2024 conference on July 26, BlackRock’s Head of Digital Assets Robert Mitchnick revealed that his company saw “very little interest” in digital assets among its clients other than the two largest cryptocurrencies by market capitalization, as Finbold reported at the time. #1 Bitcoin (BTC) As it happens, since the endorsement by BlackRock, Bitcoin has declined 5.66% (down from $65,771.81) and is at the moment changing hands at the price of $62,050, with the recent increase in dormant whale transactions signaling positive sentiment for the asset’s future price performance. Picks for you

The biggest Donald Trump-inspired memecoin on the market has exploded off its lows as the former president’s odds of winning the November election increase. After hitting $1.64 on September 24, TRUMP (MAGA) ran up to $5.67 by October 7th, a 246% rally in just under two weeks. The move coincided with Donald Trump taking the lead on crypto betting platform Polymarket’s “Presidential Election Winner 2024” portal. Source: Polymarket MAGA is currently trading at $4.37 with a market cap of $201.1 million. Trump now has a 52.6% chance of winning the November 5th election compared to Kamala Harris’ 46.7%, according to Polymarket. The Republican nominee made crypto part of his campaign earlier this year, arguing that the US should revive its digital asset industry to become the “crypto capital of the planet.” He also backed the launch of his own crypto platform World Liberty Financial (WLFI) – though details on the project are still unclear. However, many have argued