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Crypto News Digest by U.Today
Valeria Blokhina
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500% spike in Shiba Inu token transaction fees shocks Shibarium
YesterdayOn May 1, transaction fees on Shibarium, Shiba Inu’s layer-2 solution, saw a significant increase. According to data from Shibariumscan, gas commissions paid in BONE increased from 12 BONE to 61.47 BONE, demonstrating a growth of 500%. The increase in commissions on Shibarium can be explained by a number of factors, the main one being the intensification of the network’s activity. Due to the recent surge in popularity of Shiba Inu tokens amid market instability and growing investor interest, the demand for transactions on the Shibarium network has increased. Confirming this spike in online activity is a dramatic increase in active accounts, which increased by 211%, from 1,724 to 3,650 in the same 24-hour period.
Bitcoin (BTC) at the end of the correction, top analyst suggests
Although April was the worst month for Bitcoin since October 2023 due to the substantial price collapse, Michael van de Poppe, renowned market analyst, you think that the flagship cryptocurrency is at the end of its correction. In his recent X post, van de Poppe wrote that BTC has fallen 20% from its recent highs and there could be further downside for the coin in the future. While a potential recovery is expected for Bitcoin from now on, the analyst said that in case of a further decline, one should keep an eye on the green zones between $56,000 and $58,000. Concluding his post, van de Poppe predicted that altcoins will likely recover before Bitcoin. At the time of writing, Bitcoin is trading at $59,156, up 3.27% over the past 24 hours, according to CoinMarketCap.
Robinhood makes an important announcement for Uniswap users
Robin Hooda popular online broker, recently switched to the X platform to announce that the Robinhood Connect feature has become available on the Uniswap wallet. Thanks to the integration, users of the Uniswap mobile app can now purchase cryptocurrencies with a debit card, via bank transfer, or directly from their Robinhood balance. This option is only available for US users. To celebrate this integration, Robinhood has introduced a limited-time offer; The first time Robinhood Connect customers purchase at least $10 in cryptocurrency using Robinhood Connect in the Uniswap mobile app they can receive $10 in USDC as a reward. This development marks a significant step forward in improving accessibility and convenience for cryptocurrency investors.
About the author
Valeria Blokhina
Valeria is the community manager of U.Today. She is a cryptocurrency enthusiast and believes that cryptocurrency is the future of finance. Valeria currently covers the latest news in the world of cryptocurrencies and blockchain.