PancakeSwap Continues to Dial-In Deflationary Mechanisms, Burning 80M USD in CAKE PancakeSwap announced that they have burned over $80 million USD worth of CAKE in last week’s token burn. The news was announced through a PancakeSwap Twitter post on July 12th and has the PancakeSwap community ecstatic. The transaction hash shows PancakeSwap has burned 5,368,165…
Synthetix hits one-month high as SNX rallies 25% ahead of layer 2 exchange launch The SNX/USD exchange reached $13.76 on Monday for the first time since June 3. Synthetix (SNX) prices reached a one-month high on Monday as traders looked for alternative upside bets against a mixed cryptocurrency market. Bids for SNX/USD achieved an intraday…
Axie Infinity Sets ATH As Ethereum-based NFT Game Goes Viral It is a very good day to be an Axie Infinity fan or investor. Axie Infinity’s AXS token rose by 45% overnight, hitting an all-time high price of $18.34. Axie Infinity is a Pokémon-inspired open-world game on Windows, Mac, iOS and Android, where players…
Axie Infinity NFT Ecosystem Rallies 200% as Metrics Display Parabolic Growth Pokémon-inspired game, Axie Infinity, has been enjoying explosive growth and has even been credited as a key driver for the NFT market according to research from DappRadar. In the last 7 days the native token of Axie Infinity, AXS, has risen by 148%. Over…
Bitcoin Mining Saves Oldest Hydro Power Station in the US The age-old Mechanicville hydro plant built in 1897, became a legendary milestone in the history of sustainable energy after starting Bitcoin mining. The hydro plant was inactive for a while now due to old machinery. Mechanicville hydro plant has decided to partially fuel bitcoin…
Aave Follows Footsteps of Compound Treasury and CoinBase X, Offering Institutional Support It appears that Aave plans to enter the institutional support space sometime soon before the end of the month, offering crypto support to large institutional investors. Aave and Fireblocks plan to launch “Aave Pro” in July, which will “enable institutions and corporates…
