2023-02-22

đź“« Rockets, Whales and Terrible Names

Happy hump day folks,The weekend is in sight. Remember, Thursday is the new Friday!

There are some very interesting things going on in the cryptosphere today. 

So, let's get stuck in!

  • ANKR Skyrockets After Microsoft Announcement

  • Here Come the Cardano (ADA) Whales!

  • Ethereum Shapella Upgrade Imminent

ANKR Skyrockets After Microsoft's Announcement

Yesterday, Tech giant, Microsoft, announced they would be partnering with decentralized blockchain infrastructure provider, Ankr, to provide a node hosting service on Microsoft’s Azure Marketplace.The price of Ankr’s utility token, ANKR skyrocketed, maxing out at a huge 66% leap before retracing and closing the day out with a very respectable 34% gain.

Ankr’s enterprise node deployment service will give low-latency blockchain connections for Web3 projects.Ankr will take care of relaying transactions, deploying smart contracts, and can also read and write blockchain data, allowing hardworking devs to make more use of their time scaling their dApps.Ankr CEO Chandler Song commented:“The partnership, while an incredible milestone for Ankr, is also a key indicator of how far the decentralized web has come in integrating with the crucial players in every layer of web systems”And closed with the following:“The end result will be an era of extremely prolific building for blockchain-based applications from new Web3 projects as well as large enterprises entering the space.”Microsoft’s general manager of artificial intelligence and emerging technologies, Rashmi Misra, stated, “Many developers and organizations are exploring how Web3 can help solve real-world business challenges, and our partnership with Ankr will enable them to access blockchain data in a reliable, scalable, and secure way.”It is partnerships like this that will pave the way for crypto mass adoption…and that’s when the real fun starts!

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Whales Everywhere and They’re Snacking on Cardano (ADA)

Market Intelligence platform, Santiment, yesterday reported a huge increase in whale action on Cardano.

Cardano’s ADA token has had a fantastic year so far, pumping over 70% since its end-of-2022 price of $0.25 to $0.42 and is currently trading at $0.39.This kind of strength has attracted the whales.“Don’t mind the five-day anomaly gap in data for Cardano. Just take a look at what the asset has done since February. Clearly, a huge spike indicating some major interest from whales at this level.”

(Santiment views whale transactions as those in excess of $100,000)

With the Whales circling and entering the market for Cardano and other quality projects, this could be viewed as a strong indicator that we have seen the worst of the bear market. 

Those with the big bucks don’t throw their cash around without being sure!

With the blockchain fast approaching 4 million wallets, Cardano is setting itself up for a very strong year.

Ethereum Upgrade Imminent, Unstaking ETH Finally…Maybe!

Tim Beiko (Ethereum core developer) announced the Shapella (a rather clunky amalgamation of Shanghai/Capella) upgrade would take place on February 28th, 2023. 

The Shapella network upgrade will activate on the Sepolia test net; no date for the Goerli testnet or the mainnet has been announced yet. 

"Shanghai" is the name of the execution client-side fork, while the consensus layer client-side fork goes by the name "Capella".

This is the upgrade many hoped “The Merge” would be. Once on mainnet, Shapella will allow validators to (finally) withdraw their staked $ETH, which has been locked away on the Beacon Chain for what must seem like forever!

With the minimum staked a sizeable 32ETH, There could be some very interesting price action once Shapella is let loose on the mainnet.

What would you do if you had 32ETH locked away and could suddenly withdraw it?

DailyCoin Daily Meme

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Arbitrum Layer-2 Processes More Transactions Than Ethereum for the First Time

Arbitrum, an optimistic rollup utilizing fraud proofs, processed 1,100,333 transactions on Tuesday, while Ethereum processed...

    Wednesday...done!

    It's hump day tomorrow, the weekend will be in sight.

    For now, there's always more on 

    .

    See you soon!