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The new “Cronos zkEVM chain” is launching initially as a test network, based on Matter Labs’ software tools, which can be used to spin up new layer 2 and layer 3 “hyperchains” atop Ethereum.

Ether is expected to outperform bitcoin and other cryptocurrencies next year due to the Ethereum blockchain’s EIP-4844 upgrade, the report said.

The firm has sold over $150 million worth of stake in COIN since Dec. 5.

The total value locked (TVL) of all Cardano-based tokens jumped to over $440 million late earlier this week, crossing a previous peak of $330 million set in April.

Key indicators tracking Bitcoin’s blockchain activity, miner flows and the 200-day moving average suggest bitcoin is far from being overvalued and could continue to rally in 2024.

On Monday, a New Hampshire state representative asked a mostly-filled room at an industry campaign event to raise their hands if they were visiting from another state. More than half the people in the room raised their hands. These visitors had come to hear from industry representatives, state lawmakers and – perhaps most importantly – three presidential candidates talk about the upcoming election.

BONK prices reversed nearly all losses from last week following the announcement. Prices traded at $0.000014 on Thursday morning with a trading volume of over $235 million since Wednesday.

A federal judge took steps to end a protracted dispute between FTX and its largest creditor at a bankruptcy hearing, signaling the court could try to speed up efforts to recover FTX customer’s funds from the failed crypto firm’s estate.

Ether will outperform bitcoin and other cryptocurrencies in 2024, thanks to Ethereum’s EIP-4844 upgrade, according to JPMorgan analysts.

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