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Cardano (ADA) Price Slumps Below $1 for First Time in Weeks
Cardano (ADA) Price Slumps Below $1 for First Time in Weeks

Cardano (ADA) price faces strong bearish momentum, with its price dropping below $1. Key indicators suggest potential for further declines unless a reversal occurs.

BeInCrypto·2024/12/10 08:30
Dogecoin Breaks Key Resistance – $1 DOGE Incoming?
Dogecoin Breaks Key Resistance – $1 DOGE Incoming?

Dogecoin has retreated from the $0.50 resistance level for now, but its indicators suggest that another attempt may be coming soon.

CryptoNews·2024/12/10 05:44
Flash
  • 11:00
    Shardeum Public Chain Project White Paper: SHM Token Cap Set at 508 Million, 51% Allocated to the Community
    The EVM-based Layer1 blockchain Shardeum has released its white paper, detailing its tokenomics model. The white paper emphasizes that the total supply of Shardeum's tokens (SHM) will not exceed 508 million and will not be altered by any form of future voting. Additionally, all transaction fees will be burned and not paid to any miners or validator nodes.  The details of SHM token distribution are as follows: Community: 51% of the total supply (approximately 259,080,000 SHM) as rewards for validator and archive nodes. Sales: 18% of the total supply (approximately 91,440,000 SHM), with a 2-year daily linear unlock after a 3-month cliff following the initial sale. Team: 15% of the total supply (approximately 76,200,000 SHM), also with a 2-year daily linear unlock after a 3-month cliff. Foundation: 11% of the total supply (approximately 55,880,000 SHM), unlocked at the token generation event (TGE). Ecosystem: 5% of the total supply (approximately 25,400,000 SHM), unlocked at TGE. It is reported that Shardeum was co-founded by Nischal Shetty, who also founded the large Indian cryptocurrency exchange WazirX. The company completed an $18.2 million seed round last October and a $5.4 million strategic funding round this July.
  • 10:52
    Ethereum Gas Fees Rise, Now at 13.5 Gwei
    According to Etherscan data, the Ethereum network gas fee has risen to 13.5 Gwei.
  • 10:51
    OpenAI plans to expand the "Stargate" AI project beyond the United States
    OpenAI plans to expand its $500 billion U.S. data center project "Stargate" by increasing overseas investments, though the group has not disclosed details of the project's financing and implementation. Chris Lehane, OpenAI's Vice President of Global Affairs, stated, "This investment will exceed our expectations in the U.S." OpenAI CEO Sam Altman launched the "Stargate" project at the White House in January this year, alongside U.S. President Trump, SoftBank CEO Masayoshi Son, and Oracle boss Larry Ellison. Trump praised the plan to spend $500 billion on U.S. artificial intelligence infrastructure during his term as a "declaration of confidence in America." (Financial Times)
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