Ronin, the Ethereum sidechain built specifically for the play-to-earn web3 game Axie Infinity, is transitioning to Layer 2. As part of the go, the task or idea aims to establish its views, as it is listed as the ‘gamification motor’ for crypto. “Four years ago, we built Ronin because Axie Infinity needed a faster, more efficient network. Ethereum was still early in its scaling roadmap. Necessity was the mother of our invention.” Ronin wrote in a blog. “However, things are different now. Ethereum is BACK. Transaction costs and speeds are better than ever. We’re early to a new era of growth, and Ronin is ready to rise.” Although some networks, such as Celo—which started as an independent Layer 1—have transitioned into Layer 2s, such moves remain uncommon. Ronin’s relaunch is slated for the first half of 2026. Ronin taps Ethereum’s strength amid rising blockchain competition The move is built on a cross-current of trends, including fresh enthusiasm over Ethereum. The second-largest blockchain has been mired in a narrative war with Solana, the rival chain they stifled for years, but now succeeded in taking mindshare and users away from Ethereum, fuelling internet hatred against the Ethereum Foundation for focusing on L2s over scaling the mainchain. This is also happening at a time when competition for launching custom blockchains (Circle Arc, Tether Stable, Stripe Tempo) is heightening. Nonetheless, ETH has found strength during the past weeks, primarily via Wall Street’s welcoming to Ethereum (it is still home to a majority of stablecoins and real-world assets), which operates the longest-running and most secure smart contract chain that has never experienced any downtime, coupled with the success of Ethereum ETFs and the rise of Ethereum Treasury companies. In its announcement, Ronin highlighted Ethereum’s recent achievements, citing a now “lean, nimble, and responsive” Ethereum Foundation, growing “Wall Street attention and investment,” and technological advances that make operating a Layer 2 “more cost-effective than ever.” The Sky Mavis team, which developed Ronin and Axie Infinity, said leveraging Ethereum’s security will make Ronin’s tokenomics more effective. Whether Ronin will adopt a tech stack similar to Arbitrum or Optimism for its Layer 2 remains unclear. Previously, the blockchain used Polygon’s software development kit to enable game developers to create their own blockchains on the Ronin network. Ronin revamps tokenomics and security after high-profile hacks RON, down about 2.5% on the day, will serve as the native gas token. The team highlighted that Layer 2s incur “a small fee” for Ethereum data availability, which is used to verify rollup transactions on the base layer and “is much less expensive than compensating validators with $RON in security rewards.” The announcement also revealed that the new chain will be 12 times faster and introduce a Proof of Distribution tokenomics model aimed at rewarding developers. Under this system, RON staking rewards will shift from “passive validators” to “active builders,” determined by the size of their total stake and a “Builder Score.” This score incorporates on-chain metrics such as gas fees generated Since launching, Ronin has seen 31 million wallet downloads and over four billion dollars in NFT trading volume. Alongside Axie Infinity, one of the most well-known games during the pandemic-era bull run, the network also features many other web3 games. In March 2022, its customer Ronin lost $600 million in a hack organized by the same group of North Korean state-sponsored Lazarus, the biggest hack ever. The successful attackers controlled five of Ronin’s nine validators, sparking debate surrounding the network’s centralization. Ronin was hit again in August 2024 in a smaller attack. Lazarus’ hack played a central role in the Department of Justice’s prosecution of Tornado Cash developer Roman Storm, who faced trial on sanctions-related charges. Sign up to Bybit and start trading with $30,050 in welcome gifts
Pi Core Team announced Pi Hackathon to expand Pi Coin's use cases. Event encourages building decentralized applications on Pi network. Continue Reading: Pi Core Team Boosts Pi Coin with Hackathon Event The post Pi Core Team Boosts Pi Coin with Hackathon Event appeared first on COINTURK NEWS .
Gemini launches a self-custody wallet and onchain dashboard that streamlines DeFi access, dapp exploration, passkey login, and gas-free transactions across major Layer 2 networks. Gemini Debuts Onchain Dashboard and Wallet With DeFi and Dapp Support Crypto exchange Gemini announced on Aug. 14 the release of Gemini Wallet, a self-custody smart wallet engineered to streamline onchain
Bitcoin price (BTC) has exploded to a new all-time high above $124,000. It even briefly overtook Google’s market value to become the fifth-largest asset in the world. MAGACOIN FINANCE is also catching fire with traders, and many are watching it closely as the next big breakout. With institutional adoption growing and Federal Reserve rate cuts expected, analysts believe Bitcoin could climb to $200,000 before the end of 2025. The way people view it has changed. It’s no longer just a risky bet — it’s becoming a serious asset for protecting wealth. Bitcoin’s Historic Milestone The market cap of BTC briefly passed Google’s $2.45 trillion. It now sits at about $2.46 trillion, placing it alongside Apple and Microsoft. Industry leaders say this proves Bitcoin is now part of global financial infrastructure. Arthur Hayes, co-founder of BitMEX, predicts it could hit $250,000 if the Fed moves back to money printing. Other analysts believe $175,000 would put it on par with Apple’s valuation. Institutional Wave Fuels Demand This rally feels different. It’s driven by big institutions, not just retail traders. Reports show 86% of institutional investors now hold or plan to buy crypto.BlackRock’s iShares Bitcoin Trust leads the charge, managing over $90 billion in Bitcoin. Other ETFs combined now hold 1.48 million BTC worth over $170 billion. MicroStrategy is also doubling down, buying 21,021 BTC worth about $2.46 billion. It now holds nearly 629,000 BTC. More than 200 companies have added crypto to their treasuries, proving this shift is here to stay. MAGACOIN FINANCE Targets 70x ROI MAGACOIN FINANCE is picking up traction in the industry. Early investors view it as one with a huge potential in the future as compared to some of the fastest-growing cryptocurrencies. Analysts believe that its value will increase by over 70 times its price in the next significant bull cycle. The excitement is built upon strong community, early adoption, and a limited supply of tokens. Traders believe that MAGACOIN FINANCE may be a leading performer once the next bull market kicks off. Altcoins Join the Rally Chainlink (LINK) is also going up due to increased demand in its blockchain data feeds. It is used at an all-time high. Litecoin (LTC) is gaining traction as payment providers seek rapid, inexpensive payments. Telegram has a huge audience that is giving toncoin (TON) a boost. Its payment tools have the potential to bring millions of new users into crypto. Conclusion The pathway to $200,000 BTC seems viable each week. Altcoins such as Chainlink, Litecoin and Toncoin are sharing the same optimistic tide. As the market leaders make the headlines, MAGACOIN FINANCE is gaining traction, which is likely to become the success story of the next bull run. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Access: https://magacoinfinance.com/access X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Bitcoin Price Prediction: Bulls Eye $200K as Chainlink, Litecoin & Toncoin Set for Massive Rally
Ethereum hitting above $4,500 for the first time since 2021 is trending in the altcoin sector, and Mutuum Finance (MUTM) is riding the wave of excitement. The ETH-based DeFi altcoin is priced at $0.035 in presale. Over 15220 investors have already invested in the project presale, and over $14.4 million has been raised. Mutuum Finance (MUTM) is currently in Stage 6 of Presale, priced at $0.035, or a 16.67% increase from the last stage. The next stage, Stage 7, will observe a further 14.29% rise in price to $0.04. As more attention is drawn to the DeFi lending protocol on ERC-20 standard, investors are keeping an eye on whether ETH’s momentum can take MUTM along. With liquidity pools growing and smart contract usage surging on Ethereum, Mutuum Finance is becoming a top bet for investors looking for a strong ETH beta play. Ethereum Breaks $4,500, Institutional Demand Fuels Strong Bullish Momentum Ethereum (ETH) has crossed above the $4,500 handle, its peak since the latter end of 2021. It was supported by solid institutional buying, corporate treasury buildup, and renewed confidence in its long-term potential. The break was supported by unprecedented ETF activity and large corporate heavyweights like BitMine Immersion Technologies building ETH exposure. The combination of macro tailwinds and rising staking and DeFi utility demand continues to drive Ethereum’s bull narrative. Meanwhile, as ETH price gains drive the general market trend, ETH-based players such as Mutuum Finance (MUTM) are also gaining traction amongst investors. Mutuum Finance Announces Launch of Phase 6 of Its Presale Mutuum Finance has concluded Phase 5 of its presale and entered Phase 6, in which its tokens for sale are priced at $0.035. Its future price growth will propel the price of its tokens by 14.29% to $0.04. Mutuum Finance (MUTM) presale has already raised over $14.4 million and added over 15220 holders. Mutuum Finance (MUTM) Collaborates with CertiK to Initiate $50K Bug Bounty Mutuum Finance is collaborating with CertiK on the initiation of a Bug Bounty Program. The program has a $50,000 USDT reward fund. Four classifications i.e. low, minor, major and critical would be rewarded in the program. The program is the perfect realization of Mutuum Finance’s mission to build community-driven, safe and sustainable ecosystem. The project also received a complete audit from Certik regarding blockchain security and safety of user funds. It is along Mutuum Finance’s journey towards an open institution-grade DeFi protocol. Mutuum Finance Launches MUTM Giveaway Mutuum Finance (MUTM) is also doing a $100,000 giveaway where 10 users will be rewarded with $10,000 worth of MUTM tokens. It also recently announced that a leaderboard system will reward the top 50 Mutuum Finance (MUTM) holders additionally. Mutuum Finance is a P2P and P2C lending protocol where funds with high yields are under the sole control of the customer. It’s an end-to-end DeFi experience that’s highly customized towards the needs of the customer and is more transparent, safer, and more flexible compared to traditional centralised lending products. Ethereum at $4,500+ is good for ERC-20 tokens, and Mutuum Finance is catching the wave. Phase 6 presale is live at $0.035 with $14.4M raised and 15,220+ investors already on board. Stage 7 leaps 14.29% to $0.04, and analysts are expecting 400%+ upside post-launch. Purchase now before Phase 6 sells out. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance
Bitcoin is currently priced under $117,000 due to macroeconomic factors and institutional trading activities, leading to significant market volatility. Analysts suggest potential support levels around $116,000-$117,000. Bitcoin’s price drop below
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According to data from Onchain Lens, a newly established wallet has engaged in a series of transactions over the past 13 hours, successfully withdrawing 17,381 ETH from the well-known exchange,
The recent surge in Ethereum’s unstaking queue, exceeding $3.8 billion, highlights increased investor interest in Ethereum 2.0. This trend raises questions about its potential impact on ETH’s price and market
BitcoinWorld Bitmain ETH Acquisition: Massive $600M Purchase Boosts Holdings The cryptocurrency world is buzzing with news of a significant move by a major player. Nasdaq-listed Bitcoin mining giant Bitmain has just made a colossal Bitmain ETH acquisition , signaling a strategic shift and bolstering its already impressive Ethereum holdings . This development highlights the increasing trend of institutional crypto investment in the digital asset space. What Propels Bitmain’s Massive Ethereum Holdings? In a recent move, Bitmain acquired an additional 135,135 ETH, valued at approximately $600 million. This significant large ETH purchase occurred over a mere 10-hour period. The company utilized institutional-grade platforms like FalconX, Galaxy Digital, and BitGo for these transactions. This latest acquisition pushes Bitmain’s total Ethereum holdings to an astonishing 1.297 million ETH, now worth around $5.77 billion. On-chain analyst @EmberCN on X first brought this crucial information to light. This aggressive accumulation strategy by a prominent Bitcoin mining company like Bitmain raises important questions. Is This a New Era for Institutional Crypto Investment? Bitmain’s substantial Bitmain ETH acquisition underscores a growing trend among large entities. Institutions are increasingly looking beyond Bitcoin for diversification and potential growth. Ethereum, with its robust ecosystem, smart contract capabilities, and upcoming scalability improvements, presents a compelling case for long-term investment. This isn’t just a simple purchase; it’s a calculated move reflecting deep market analysis. Consider these key aspects of such an institutional crypto investment : Diversification: Large companies often diversify their digital asset portfolios to mitigate risks and capitalize on different market dynamics. Ecosystem Growth: Ethereum’s network supports a vast array of decentralized applications (dApps), NFTs, and DeFi protocols, offering significant growth potential. Strategic Positioning: By accumulating more ETH, Bitmain positions itself strongly within the broader crypto economy, not just as a mining hardware provider. What Does This Large ETH Purchase Mean for the Market? A large ETH purchase by a company like Bitmain sends a strong signal to the market. It suggests confidence in Ethereum’s future trajectory and its role in the digital economy. This kind of significant accumulation by a major industry player can inspire further institutional interest and potentially influence market sentiment positively. Furthermore, this move could be part of a broader Bitmain crypto strategy to leverage its capital in a diversified manner. As the crypto space matures, companies are becoming more sophisticated in their treasury management. They are moving beyond just holding Bitcoin and exploring other high-potential assets like Ethereum. This strategic positioning could provide Bitmain with enhanced financial flexibility and new revenue streams in the long run. Challenges and Opportunities for Ethereum Holdings While the benefits are clear, managing such extensive Ethereum holdings also comes with challenges. Volatility remains a constant in the crypto market. However, for a company with Bitmain’s resources, the long-term growth potential often outweighs short-term price fluctuations. This kind of investment showcases a belief in the fundamental value and utility of the Ethereum network. Actionable Insight: Investors and enthusiasts should pay close attention to how large institutions manage their crypto portfolios. Their moves often precede broader market trends and can offer valuable insights into future market direction. This significant Bitmain ETH acquisition is a prime example of institutional confidence in Ethereum’s ecosystem. Summary: Bitmain’s recent large ETH purchase of $600 million is a landmark event, significantly expanding its Ethereum holdings to nearly $5.8 billion. This strategic Bitmain ETH acquisition , facilitated through top institutional platforms, highlights a growing trend of institutional crypto investment and underscores Bitmain’s evolving Bitmain crypto strategy beyond just Bitcoin mining. It signals strong confidence in Ethereum’s future and its pivotal role in the digital asset landscape. Frequently Asked Questions (FAQs) 1. What is the recent Bitmain ETH acquisition? Bitmain recently purchased an additional 135,135 ETH, valued at approximately $600 million, over a 10-hour period, significantly boosting its Ethereum holdings . 2. How much Ethereum does Bitmain now hold in total? Following this latest purchase, Bitmain’s total Ethereum holdings now stand at 1.297 million ETH, which is currently valued at around $5.77 billion. 3. Why is Bitmain, a Bitcoin mining company, investing in Ethereum? Bitmain’s investment in Ethereum is part of its broader Bitmain crypto strategy to diversify its digital asset portfolio, capitalize on Ethereum’s growing ecosystem, and strategically position itself within the wider crypto economy. 4. What does this institutional crypto investment signify for the market? This significant institutional crypto investment by Bitmain indicates strong confidence in Ethereum’s future. It could inspire further institutional interest and positively influence overall market sentiment, highlighting Ethereum’s increasing appeal. 5. Which platforms did Bitmain use for this large ETH purchase? Bitmain utilized institutional platforms such as FalconX, Galaxy Digital, and BitGo to facilitate this substantial large ETH purchase . If you found this insight into Bitmain’s impressive Bitmain ETH acquisition valuable, please share this article with your network! Help us spread the word about significant developments in institutional crypto investment and the evolving strategies of major players like Bitmain. To learn more about the latest Ethereum and institutional crypto investment trends, explore our article on key developments shaping Ethereum price action and institutional adoption . This post Bitmain ETH Acquisition: Massive $600M Purchase Boosts Holdings first appeared on BitcoinWorld and is written by Editorial Team