Forget max pain theory. Bitcoin is well below the $72,000 magnet going into $10 billion options expiry
The popular max pain theory isn’t working out as bitcoin trades far from the $72K level a day ahead of a $10 billion quarterly options settlement.
Updated 49 minutes ago
Live markets: Bitcoin, ether lead $1 billion liquidation losses as AI trade keeps going
A liquidation flush took bitcoin to its lowest since early June before Micron's blowout earnings and SK Hynix's U.S. listing plans steadied the AI trade that crypto had been sliding alongside.
5:35 AM
Negative
MemeCore's M token suddenly crashes 80% with no clear trigger
The token fell from nearly $3 to about $0.50 in hours, wiping out close to $3 billion in market value, with no exploit or announcement to explain it. Onchain investigator ZachXBT warned in April that M's price had been propped up by insiders.
5:02 AM
Positive
Ripple's RLUSD stablecoin goes live in Japan after regulatory approval
Japan's financial regulator cleared the U.S. dollar-backed token as a new category of payment instrument, letting SBI VC Trade offer it to institutions and retail. RLUSD remains small, at about $1.7 billion.
4:53 AM
Neutral
BTC0.00%
Bitcoin has a new line in the sand. Thursday’s core PCE could stress test it.
The market has found a new support level and it could be tested following Thursday's U.S. inflation data.
4:32 AM
Negative
XRP slides 2.8% as weak bounce keeps $1 support in focus
Sellers broke another support level on heavy volume, while the recovery failed to reclaim the zone that would ease downside pressure.
4:29 AM
Negative
Bitcoin back above $60,000, ETH, SOL recoup losses as AI stocks stage rebound
The token fell to about $59,000 before buyers stepped in, but the week's losses are steep across the board. A blowout Micron forecast lifted stocks and oil kept sliding, yet crypto did not follow.
Yesterday
7:52 PM
Neutral
Upheaval at the Ethereum Foundation has some of crypto’s biggest names feeling bullish
In this week's edition of The Protocol Newsletter, we're looking at Ethereum's eventful week that started off with the launch of EthLabs, plus the layoffs at the Ethereum Foundation, and what this all means for the network.
7:48 PM
Positive
Kalshi targets a massive $40 billion valuation, widening lead over rival Polymarket
The prediction market operator, which is eyeing a potential public debut in 2027, could close a new funding round in Q3, according to a Financial Times report.
5:18 PM
Binance withdraws Greek MiCA bid but vows to remain in Europe
The crypto giant must find a home base in the EU by July 1 or regulators will force the company to shut down operations for millions of regional users.
4:01 PM
Negative
BTC0.00%
Bitcoin falls below $60,000 as AI trade continues to draw investor interest and capital
South Korean memory chip giant on Wednesday filed to raise nearly $30 billion in a U.S. offering.
4:00 PM
BTC0.00%
Crypto Long & Short: Infrastructure is the prevailing currency in digital assets
In this week's Crypto Long & Short, Nonco’s Caue Teixeira makes the case that regardless of which coin ultimately wins, infrastructure is the prevailing currency in digital assets. Then, using CoinDesk's liquidation feed, Liquibit Capital's Alen Pavlović finds that June's forced selling peaked near $68,000, days before bitcoin actually bottomed.
3:45 PM
Negative
SecondFi loses $2.4 million in Cardano wallet exploit
SecondFi was hit by three separate attacks exploiting a flaw in its wallet generation software. A further 129 million ADA was secured by the team before attackers could reach it.
3:42 PM
Negative
Trump's refusal to sign housing bill could delay Congress and imperil Clarity Act
As Congress prepared to celebrate the president's signing of the bipartisan housing bill that contains a CBDC prohibition, Trump abruptly cancelled the event.
3:23 PM
Neutral
Ex-FCA policy insider explains the ‘great divide’ in the UK’s crypto ambition
Former FCA policymaker and Hedera Global Policy VP, Isadora Arredondo says there is a gap between the U.K.'s crypto ambitions and how policy is carried out in practice.
2:47 PM
Negative
Bitcoin just broke below the floor of its famous Rainbow Chart into the ‘BTC is dead’ zone
A 50% drop from recent highs has pushed the asset into a zone historically labeled as a dead end, sparking a debate among crypto analysts.
1:48 PM
Negative
Gold, silver and bitcoin tumble as 'debasement' trade unwinds
Precious metals have fallen sharply from their 2025 highs as markets price in Fed rate hikes.
1:42 PM
Negative
BTC0.00%
Bitcoin could fall to $55,000 before finding a bottom, 10x Research says
A strengthening U.S. dollar and the Fed's hawkish turn under new chair Kevin Warsh may keep pressure on crypto through the summer.
1:19 PM
Positive
CoinDesk 20 performance update: Aave (AAVE) gains 5.9% as index moves higher
Internet Computer (ICP), up 2% from Tuesday, joined Aave (AAVE) as a top performer.
Leading US-based crypto exchange platform Coinbase is listing “the world’s lightest blockchain” after a two-week delay.
News of the listing sent Mina Protocol (MINA), a privacy-focused payments protocol clocking in at a size of just 22 kilobytes, surging from its 24-hour low of $3.04 to $3.48, a 14.5% increase.
[adinserter block="1"]
According to the crypto project’s website, MINA’s small size allows anyone to connect to the internet using their smartphone to validate the blockchain’s transactions. Mina protocol uses zero-knowledge (ZK) proofs to secure user data while executing smart contracts.
ZK proofs allow one party to prove to a validator that a specific statement is true without giving out any extra irrelevant information.
MINA was initially set to launch two weeks ago but was met with delays. News of the original launch sent the smart contract platform surging from $2.16 to $2.71, a 25.4% increase.
Coinbase says that the ability to buy and sell the lightweight blockchain was pushed back in order to ensure the launch would be successful.
“In order to have full confidence in a successful launch of MINA, we have made the decision to continue to delay the launch of trading.”
Yesterday, Coinbase announced that trading MINA would begin as long as proper liquidity conditions were met. Those conditions were met and MINA was officially launched for trading on the exchange today as a result.
Mina Protocol has since stabilized and is exchanging hands at $3.22 at time of writing.
Kurt Hemecker is COO of the Mina Foundation, building on the Mina Protocol to create a privacy and security layer for web3. Kurt is former Head of Business Operations at Facebook's Diem Association (formerly Libra).
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Why you should listen Using zero knowledge technology, Mina is creating the infrastructure for a secure, democratic future. Mina’s zkApps, smart contracts powered by zero knowledge, keep users in control of their privacy by validating and sharing proofs of their data, rather than the data itself. Think about getting a loan by simply sharing a proof of your personal ID and credit score, rather than the data itself. No risk of your personal information being hacked or sold. You are the only one owning your data, and it never leaves your device.
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Mina Protocol (MINA) is leading the altcoin rally today following its 88% mega rally in the last 24 hours.
MINA, Listed on Upbit Exchange, Experienced a Great Rise The cryptocurrency's price is currently hovering around $0.78 and is attempting to retest its year-to-date high of around $1.17.
MINA Daily Chart MINA's rise proves that while an altcoin can spark a rally based on Bitcoin's influence, the momentum can also be triggered by its own fundamentals and community trends at large.
MINA has outperformed major altcoins and with its current price action, it has gained up to 109% in this time frame, complementing the gains made in the last seven-day period.
MINA is designed to reduce computational requirements to run dApps more efficiently.
MINA is following in the footsteps of the zk-rollup trend to take advantage of this technology that many believe will reshape the future of the blockchain ecosystem.
MINA is facing an impressive embrace from different market participants, especially the stock exchanges.
As reported in July, the MINA/BTC trading pair was listed by Upbit and its price increased by 17% at that time.
Today, Upbit exchange announced that it has listed the MINA/KRW trading pair.
*This is not investment advice.
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October was a bullish month for the cryptocurrency market, filled with altcoin gainers. Bitcoin (BTC) and several other cryptocurrencies reached new yearly highs.
As Halloween ushers an end to October, BeInCrypto looks at 5 altcoins that made October frighteningly profitable. The five October altcoin gainers are:
Polymesh (POLYX) price increased by 205.13% Tellor (TRB) price increased by 95.60% Solana (SOL) price increased by 79.61% Injective (INJ) price increased by 71.45% MINA price increased by 62.92% POLYX Price Leads October Altcoin GainersThe POLYX price has increased quickly since October 13. The upward movement has been parabolic, leading to an all-time high price of $0.43 on October 30.
The increase caused a breakout from the $0.29 horizontal resistance area, which had been in place since April.
The all-time high was close to the 1.61 external Fib level of the most recent decrease. Once the price is at an all-time high, the Fib level often acts as the area for the top.
If POLYX breaks out above it, it can increase by 75% to the 2.61 external Fib level at $0.66.
POLYX/USDT Daily Chart. Source: TradingViewDespite this bullish prediction, failure to close above the $0.44 resistance can lead to a 25% drop to the $0.29 horizontal area, which is expected to provide support.
TRB Reaches Yearly HighThe TRB price has increased alongside a parabolic ascending support line since the beginning of September. The upward movement led to a new yearly high of $125 yesterday.
Currently, TRB trades slightly above the 0.618 Fib retracement level of the entire previous decrease at $105. Whether the price moves above it or gets rejected can determine if the future trend is bullish or bearish.
A successful close above this area can lead to a 50% increase to the next resistance at $165.
TRB/USDT Two-Day Chart. Source: TradingViewOn the other hand, a rejection and breakdown from the parabolic ascending support line will mean the upward movement is complete. In that case, a 40% drop to the closest support at $66 will be likely.
Solana Resumes Rapid AscentThe SOL price has increased alongside an ascending support trendline since the beginning of the year. More recently, it bounced above the line in September (green icon), accelerating its rate of increase.
The next month, SOL broke out from the $28 horizontal area. This was a crucial area since it had been in place since November 2022.
Today, SOL reached a new yearly high of $37. If the price continues upwards, it can increase by another 46% and reach the next resistance at $47.
SOL/USDT Weekly Chart. Source: TradingViewDespite this bullish SOL price prediction, failure to sustain the increase can cause a 25% drop to the $28 area, validating it as support.
Injective Increases by 50% in One WeekThe INJ price increased by 50% last week, breaking out from the $9 horizontal resistance area. The price reached a new yearly high of $14.50 today. This was the highest price since November 2021.
Currently, INJ trades inside the $13.50 horizontal resistance area. This is the final resistance before the all-time high region.
So, if INJ breaks out, it can double in price and reach the all-time high of $27.
INJ/USDT Weekly Chart. Source: TradingViewDespite this bullish prediction, a rejection from the $13.50 horizontal resistance area can trigger a 35% drop to validate the $9 support area again.
MINA Concludes October Altcoin GainersThe MINA price has increased swiftly since its $0.36 low on October 11. On October 24 alone, the price increased by 110%, leading to a high of $0.98.
However, the upward movement could not be sustained. Rather, MINA created a long upper wick (red icon) and fell below the $0.88 horizontal resistance area.
Now, MINA trades just above the $0.58 horizontal support area. Whether it bounces or breaks down can determine the future trend’s direction.
MINA/USDT Daily Chart. Source: TradingViewA bounce can lead to a 40% increase to the next resistance at $0.88. On the other hand, a breakdown can cause a 40% drop to $0.37.
For BeInCrypto’s latest crypto market analysis, click here.
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In the whirlwind landscape of cryptocurrency, the Mina Protocol has taken center stage with an extraordinary 47% surge in its native token, MINA, within the past week.
Currently riding high at $1.40, a level not witnessed since May 2022, MINA’s impressive rally has ignited contemplation among investors: Can it breach the elusive $2 mark in the immediate future?
MINA price action today. Source: Coingecko Mina’s Surge: CEO Appointment And Swiss Relocation This surge in MINA’s value is not a mere coincidence; it’s the result of a convergence of significant developments that have unfolded in recent weeks.
December 19 marked a pivotal moment when the Mina Foundation announced the appointment of Kurt Hemecker as the new CEO, a distinguished business development specialist in the FinTech space.
Simultaneously, the foundation strategically relocated its operations to Geneva, Switzerland, amplifying the positive sentiment surrounding MINA due to anticipated regulatory benefits and enhanced networking opportunities within the cryptocurrency community.
MINAUSD currently trading at $1.260 territory. Chart: TradingView.com Another driving force behind MINA’s remarkable surge is the introduction of the Paima ZK layer. A collaborative effort involving Paima Studios, Mina, ZekoLabs, and Class Lambda, this layer represents a groundbreaking leap in blockchain gaming technology.
It can deploy Zero-Knowledge (ZK) proofs to any Layer 1 (L1) ecosystem, supporting both EVM and non-EVM codebases. The layer’s innovative capacity to enable dynamic scaling of on-chain games, akin to the traditional “world select” in web2 games, adds a novel dimension to MINA’s utility.
The Mina Foundation Board appoints Kurt Hemecker (@khem) as CEO to champion adoption of @MinaProtocol’s ZK tech.
Kurt, previously COO, brings two decades of business development experience from major players including @DiemAssociation and @PayPal.
1/3https://t.co/W1old4fmxJ
— Mina Foundation 🪶 (@MinaFoundation) December 19, 2023
MINA Faces Resistance At Recent Highs Despite the positive momentum, MINA encounters initial resistance at its recent peak of $1.48, with additional overhead resistance noted between $1.5817 and $1.6337.
While the broader trend remains upward, cautious optimism is warranted as short-term oscillators hint at early signs of peaking momentum, prompting vigilance among traders and investors alike.
Meanwhile, Sebastien Guillemot, the principal developer at Cardano, alluded to significant advancements for the blockchain in 2024 in a recent X post.
With Ethereum sentiments being in the dumps right now, I’d just like to say working with Arbitrum (@arbitrum) has been a great experience 👍
Expect more projects that combine Arbitrum with @cardano and @MinaProtocol in the 2024 👍
— Sebastien Guillemot (@SebastienGllmt) December 26, 2023
Guillemot’s expressed enthusiasm about collaborating with Arbitrum suggests a potential fusion of Cardano with Arbitrum and Mina Protocol.
Paima Studios, under Guillemot’s leadership, has already contributed to the progression of Layer-2 solutions, releasing a solution for Cardano’s on-chain gaming this year.
The alignment with Arbitrum and Mina Protocol points toward a paradigm shift in the blockchain landscape, promising further innovation and seamless integration.
Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading past the key $43,000 level on Tuesday.
Ethereum (CRYPTO: ETH) also recorded gains, trading above the key $2,300 mark this morning.
Pendle (CRYPTO: PENDLE) was the top gainer over the prior 24 hours, while Manta Network (CRYPTO: MANTA) turned out to be the biggest loser.
At the time of writing, the global crypto market cap rose to $1.67 trillion, recording a 24-hour gain of 2.5%. BTC was trading higher by 2.9% at $43,475 while ETH rose by around 1.9% to $2,315 on Tuesday.
Here are the top ten crypto gainers and losers over the past 24 hours:
Spearheaded by the innovative collaboration of zero-knowledge proofs and the Mina Protocol, ‘httpz’ ushers in an era of secured, verifiable online interactions. Will Cove, the Head of Community at Mina Foundation, shared insights into the dwindling trust across the web and presented ‘httpz’ as the beacon of reliability in the digital realm.
2/4 httpz uses zero-knowledge proofs to let you verify data & information directly, without trusting any third party. It builds on the legacy of HTTPS, adding a "proof layer" on top.
This lets you verify the source & validity of data or computation, without trusting any…
— Everstake (@everstake_pool) April 11, 2024 Zero-knowledge proofs (ZKPs) emerge as the heralds of a new internet age, proposing a solution to the crisis of confidence plaguing the online world. ZKPs aim to reinstate trust in the veracity of data without revealing underlying details, mirroring the role of encryption in securing data transmission. This technology aspires to realign the internet with its decentralised roots, prioritising protocols over platforms.
‘Httpz’ represents a transformative vision for the internet, enabling users to independently create, share, and validate information proofs without relying on intermediaries. Building on the legacy of HTTPS, ‘httpz’ introduces a proof layer enhancing data verification and source authenticity, fostering direct trust in information over the platforms that host it.
How ‘httpz’ Works At the heart of ‘httpz’ lies a proof layer powered by local proof generation through zero-knowledge applications (zkApps) and consolidation via the Mina blockchain. zkApps facilitate the creation of proofs for any standardised dataset or computation, promoting data validity without disclosure. These proofs, either stored on a device or validated on the Mina blockchain, offer a comprehensive ‘proof of everything’, ensuring data integrity in a public and accessible manner.
The Mina Protocol is uniquely positioned to host the ‘httpz’ proof layer, primarily due to its capability to handle billions of succinct proofs daily through recursion. This efficiency simplifies user interaction with proofs, focusing on their validity rather than their creation process. Mina’s adaptability ensures it remains at the forefront of secure and fair digital verifications, serving as a universal API for ‘httpz’.
AUTHOR
Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.
While the market is saturated with thousands of crypto assets, we’ve highlighted a list of tokens under $1 with strong potential for growth.
Investors who missed out on the last bull run hope to participate in this ongoing bull market. Recall that the last bull run in 2021 brought a lot of crypto assets, including Solana (SOL) and Shiba Inu (SHIB), into the limelight, with their prices skyrocketing to unprecedented levels.
As the peak of the bull market edges close, investors are looking for affordable crypto assets with the potential to register significant price growth.
Top 5 Altcoins Under $1 That said, we’ve compiled a list of 5 promising under $1 altcoins that could record massive growth as the bull market progresses. This list is compiled for informational purposes and should not be taken as investment advice.
ClinTex (CTI) The ClinTex (CTI) project is unique in the crypto space. Its blockchain was established specifically for clinical trials and transforming the medicine development industry.
CTI is currently trading at $0.046, with a 24-hour trading volume of $406,198. Data from CoinMarketCap shows that it is the 1,275th biggest crypto asset, with a valuation of $3.78 million.
Like most altcoins, CTI attracted the attention of many investors in 2021 when its price surged to an all-time high (ATH) of $0.39. The token is currently trading on multiple exchanges, such as KuCoin, Gate.io, and Latoken.
Decentraland (MANA) Another altcoin under $1 with strong growth potential is Decentraland (MANA). MANA rallied to an all-time high of $5.39 in 2021 and is currently trading at a discount of $0.50.
The token demonstrated its prowess for significant growth last month when its price surged to around $0.8. However, MANA’s price has plummeted amid the widespread volatility in the broader market. Despite the plunge, top analysts expect MANA to perform exceedingly well in the peak of the bull run.
At press time, the token’s 24-hour trading volume stood at $155.34 million, while its market cap is currently around $938.55 million, ranking it as the 94th-biggest crypto. You can trade MANA on Binance, Kraken, Bybit, OKX, and Crypto.com.
Jasmy (JASMY) Ranked as the 92nd largest crypto by market cap, Jasmy (JASMY) is among the altcoins expected to record significant growth in the peak of the bull run. JASMY is down 20.4% over the past 24 hours to $0.019, being one of the most impacted in the current downturn.
Despite its massive plunge, JASMY has soared 198% year-to-date (YTD). At press time, JASMY is down 99.61% from its peak price of $4.99, registered on February 16, 2021.
The token has a market cap of $953.61 million, with a daily volume worth $220.01 million. JASMY trades across top exchanges like Binance, Coinbase, KuCoin, and HTX.
Mina Protocol (MINA) Mina Protocol is the fourth coin on our list of top 5 sub-$1 crypto assets with strong growth potential. At the time of writing this line, MINA is trading at $0.81, down 20.5% over the past 24 hours.
The decline in price stems from the bloodbath witnessed across the broader market over the past day. Nonetheless, MINA is still expected to record tremendous growth during the bull market’s peak.
The token has already demonstrated its growth potential when it surged to an all-time high of $9.09 in June 2021. You can trade MINA on Binance, MEXC, DigiFinex, OKX, and BingX.
Beam (BEAM) The last token on the list of top 5 sub-$1 assets with good potential for enormous growth is Beam (BEAM). At the time of writing, BEAM is changing hands at $0.026, with a 24-hour trade volume of $59.34 million. The token currently has a market cap of $1.4 billion and is ranked as the 68th largest cryptocurrency.
BEAM has soared over 54% since the beginning of this year. However, it is down 39.6% from its ATH of $0.044, registered last month. At the moment, BEAM is trading on Binance, Bitget, Bybit, and Gate.io.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
In a strategic move to bolster its ecosystem, Mina Protocol has partnered with Celestia to incorporate a first-of-its-kind modular decentralized data availability (DA) solution. This collaboration is spearheaded by Geometry Research and supported technically by o1Labs.
It marks a significant advancement in the Mina ecosystem, introducing more robust data availability options that are crucial for the development of zkApps—applications that utilize zero-knowledge proofs to ensure privacy and security while maintaining the integrity of the underlying data.
The integration is timely as blockchain technology faces increasing challenges around data availability, a critical aspect for ensuring transparency and security in decentralized networks. Data availability solutions are essential in addressing issues related to scalability and trust, particularly as blockchains grow in size and complexity. By ensuring that all necessary data in a blockchain block is readily accessible and verifiable, Mina Protocol strengthens its infrastructure, making it more resilient against attacks or data manipulation.
Redefining Scalability and Security Mina Protocol’s integration with Celestia’s modular DA layer is a transformative development for the blockchain sector. It specifically enhances how data is handled, offering a scalable solution that does not compromise on security.
The modular approach allows different layers of the blockchain to operate independently yet cohesively, providing a flexible and efficient framework that supports the rapid development of decentralized applications.
This integration addresses the core challenge of scalability by enabling Mina Protocol to manage larger volumes of transactions efficiently. Celestia’s DA solution ensures that even as the ecosystem scales, data remains transparent and tamper-proof. This is particularly crucial for applications that require a high degree of trust and integrity, such as financial services and identity verification platforms.
Strategic Implications for Development and Adoption The collaboration between Mina Protocol and Celestia is not just a technical upgrade; it’s a strategic enhancement that positions Mina as a pioneer in the space of zero-knowledge applications. With Mina’s architecture, which compresses data into succinct zero-knowledge proofs, the integration allows for even greater scalability and accessibility.
This makes Mina’s blockchain not only more secure but also more user-friendly, as participants can verify transactions and blockchain states even on low-power devices.
Furthermore, the integration is set to accelerate the development of new applications on Mina’s platform. With easier zkApp programmability on the horizon, thanks to an upcoming mainnet upgrade, developers will find a more conducive environment for creating innovative applications. This upgrade is expected to significantly boost developer activity and increase the number of zk-oriented products in the market.
AUTHOR
Mysterious crypto writer with expertise in blockchain, offering deep insights that captivate and intrigue readers. With a unique ability to uncover hidden insights and trends, Samuel delivers in-depth analysis and thought-provoking content that keeps readers on the edge of their seats. His writing style is engaging and informative, blending technical knowledge with a sense of intrigue, making complex crypto topics accessible to both newcomers and seasoned industry professionals. Samuel’s work continues to capture the attention of the crypto community, solidifying his reputation as a trusted voice in the space.
Digital assets custody and collateral management provider Copper now offers custody and staking support for Mina Protocol.
Copper.co announced its support for Mina Protocol (MINA) on Aug. 21, noting that support for the zero-knowledge blockchain platform’s native token expands digital asset options for institutional investors.
The integration will allow eligible clients to participate in the Mina Protocol ecosystem through Copper’s infrastructure.
Targeting institutional investors Founded in 2018, Copper is a platform that seeks to offer institutional investors access and exposure to the digital assets market. The platform provided an MPC wallet and launched its off-exchange settlement solution, ClearLoop, in 2020.
ClearLoop allows users to manage digital asset collateral and settle trades across major crypto exchanges without moving assets off Copper’s wallet.
According to the London-based company, adding MINA staking allows for increased adoption of ZK technology.
“The addition of Copper’s custody solution gives professional and institutional entities more options to diversify their crypto participation with MINA. We hope that it will also raise awareness of institutional use cases for ZK technology, such as zk-KYC credentials that help address compliance without sacrificing user privacy,”
Kurt Hemecker, chief executive officer of Mina Foundation
Copper co-founder and chief executive Dmitry Tokarev commented that crypto and blockchain are at a “pivotal moment for institutional adoption.”
Tokarev added that the U.S. Securities and Exchange Commission’s approval of Ethereum ETFs in May and launch of trading in July has accelerated interest. As a result, the ecosystem is seeing increased demand for reliable tools through which institutional investors can gain exposure to cryptocurrencies.
Copper’s recent partnerships Copper recently partnered with Hedera (HBAR) to expand institutional access to the proof-of-stake network’s native token. The integration allows investors to leverage Copper Connect and Hedera protocols such as SaucerSwap to participate in the HBAR and Hedera Token Service utility.
Copper expanded its custody and staking service to Internet Computer (ICP) in July.
In the rapidly evolving crypto market, the robust activity plays a significant role. As per Phoenix Group, based on GitHub’s 12-month data concerning most active crypto assets, Internet Computer, Mina Protocol, and Sushi are dominating the others. The on-chain analytics provider took to social media to share the list of top active projects over the year.
Internet Computer Emerges as 1st Most Active Crypto Project During Past 12 Months Phoenix Group’s list of most active cryptocurrency projects during the recent twelve months includes Internet Computer ($ICP) at the 1st position. The project saw a staggering 7,071 commits and more than 100 contributors during this period. Subsequently, Mina Protocol ($MINA) is the top 2nd project with up to 4,274 commits. In addition to this, saw above 100 contributors in the meantime.
Following that, Sushi ($SUSHI) stands in the 3rd place with its commits reaching 3,207 in terms of number. Additionally, witnessed twenty-seven contributors cumulatively. Apart from that, Bitcoin ($BTC) has secured the 4th position with nearly 3,068 commits in total, with up to 99 contributors. The next project in this respect is Chainlink ($LINK) with almost 3,034 commits as well as 100+ contributors.
Along with that, Cosmos ($ATOM) is the 6th most active crypto project. Hence, it has effectively recorded 2,370 commits and 100+ contributors. It is followed by Rubic ($RBC) which has obtained 2,279 commits and 20 contributors to secure the 7th spot in the list.
eCash Bottoms List with 1,666 Commits and 100+ Contributors Phoenix Group’s list of most active crypto projects in line with GitHub’s 12-month data includes Storj ($STORJ) on the 8th rank. The project has gained 1,788 commits and 100+ contributors. After that, PancakeSwap ($CAKE) occupies the 9th position with 1,717 commits and 100+ contributors. eCash ($XEC) comes last in the list with its commits reaching 1,666 mark while it witnessed 100+ contributors.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
