In a promising turn of events, blockchain security company PeckShield has reported a significant recovery of funds from cryptocurrency hacks. The firm’s latest statistics reveal that over $674 million has been recovered from more than 600 hacks, marking a notable improvement from previous years. PeckShield’s data for 2023 highlights a […]
Author: Will Izuchukwu
Decline In $GMT Price Triggers Concerns As Notable Transfers Takes Place
The price of $GMT has experienced a downturn recently, with declines of 5% and 11% over the past 7 and 30 days, respectively. In the last 24 hours, the token further dipped by nearly 2%, following reports of a significant transfer of 14.34 million GMT tokens, valued at approximately $3.87 […]
Bitcoin Sees Recovery Amidst ETF Activity With Grayscale And Hong Kong
Bitcoin commenced January on a strong note, breaching $48,900 following the introduction of U.S.-based spot exchange-traded funds (ETFs) on January 11. However, profit-taking among investors in Grayscale Bitcoin Trust (GBTC) led to downward pressure, with prices dipping to around $38,500 last week. As the new week unfolds, Bitcoin has shown […]
Crypto Whales Accumulate $3 Billion Worth Of Bitcoin In January
According to intotheblock, prominent crypto whales and institutional investors have collectively amassed $3 billion worth of Bitcoin this month. The quantity of Bitcoin held in wallets with over 1,000 BTC has surged by more than 76,000 BTC, reaching a total of approximately 7.8 million BTC. 📊#Crypto whales, or large investors, […]
Arbitrum, $ARB Dominates L2 Transaction Volume With Impressive Metrics
Arbitrum stands out as a powerhouse in the Layer 2 (L2) ecosystem, consistently processing the majority of L2 transaction volume, often exceeding 60% of the total daily L2 volume, as reported by Intotheblock data. Arbitrum generally processes the majority of L2 transaction volume, frequently reaching more than 60% of the […]
ChainLink ($LINK) Experiences Whales’ Conflicting Moves
As January draws to a close, the cryptocurrency market has shown signs of recovery after enduring several weeks of heightened selling pressure. ChainLink ($LINK) is among the tokens witnessing a slight rebound, inching closer to the $15 mark while experiencing a notable 39% increase in its 24-hour trading volume. However, […]
Polygon Nearly Matches Ethereum In User Acquisition in 2023, Adds 2.8 Million Users This January
In 2023, Polygon, a Layer-2 scaling network for Ethereum, came close to rivaling Ethereum in crypto user acquisition, as per data from blockchain analytics firm Flipside. The gap between Polygon and Ethereum was narrow, with Polygon gaining an impressive 15.24 million users compared to Ethereum’s 15.4 million. NEW: Polygon acquired […]
MakerDAO, $MKR Faces Price Decline Following On-Chain Activity And Protocol Changes
MakerDAO ($MKR), known for its significant contribution to real-world asset (RWA) transactions within decentralized finance (DeFi), has experienced a slight price decline in recent hours, influenced by on-chain activity and protocol adjustments. According to reports from on-chain analytics firm Spotonchain, Wallet 0xa58, associated with RuneKek, a MakerDAO co-founder, has sold […]
AltLayer Token, ALT Surges Following Binance Launchpool Debut
The AltLayer token, ALT has been on a remarkable upward trajectory since its launch as the 45th project on Binance Launchpool. Over the past 24 hours, the token has witnessed a 9% increase in price, accompanied by a substantial 23% gain over the past week. However, it’s worth noting that […]
Wall Street Memes, WSM Faces Significant Decline After Exploitation Incident
Wall Street Memes (WSM) cryptocurrency has experienced a notable downturn following a coordinated attack on its staking and liquidity systems. The exploit resulted in a drastic 30% price drop in the cryptocurrency, contributing to substantial losses across various time frames. The $WSM price has dropped ~35% (24H) as the exploiter […]
Examining DAI’s Dominance In The CDP Ecosystem
Recent data from intotheblock’s perspective dashboard sheds light on the stablecoin landscape within the collateralized debt positions (CDP) ecosystem. Thereby, showcasing DAI’s prominent position as the leading stablecoin with the largest number of holders. In the realm of DeFi’s collateralized debt positions, users utilize blockchain-based smart contracts and various cryptocurrencies […]
Conflux ($CFX) Surges Amid Strategic Partnership And BTC Layer 2 Solution
The public layer 1 blockchain Conflux ($CFX) experienced a notable surge of over 24% in the past 24 hours. Thereby, positioning itself as one of the top gainers on Coinmarketcap for the day, with an impressive 450% increase in its 24-hour trading volume. This surge is largely attributed to Conflux’s […]
Lido ($LDO) Maintains Bullish Momentum Amidst Cryptocurrency Market Volatility
Amidst the struggle of Bitcoin (BTC) to maintain its position above $40,000 and Ethereum’s challenge around the $2200 mark, the overall sentiment in the cryptocurrency market leans towards bearishness. However, amidst this prevailing sentiment, Lido ($LDO) stands out as one of the altcoins exhibiting a slight bullish trend. In the […]
Controversy Surrounds SatoshiVM’s SAVM Cryptocurrency
SatoshiVM’s SAVM cryptocurrency, which made its much-anticipated debut on January 19, quickly found itself at the center of controversy. Following its launch, the protocol experienced a surge in value, boasting a market capitalization of approximately $90 million, as reported by DEXTool’s data. However, the excitement surrounding the SAVM token was […]
Bitcoin Wallet Liquidations Signal Capitulation Among Traders
Recent data indicates a notable decline in the total number of Bitcoin wallets, marking the swiftest rate since early October, just before the major crypto bull cycle began. Over the past four days, more than 487,000 wallets holding 1 $BTC or less have been liquidated. This reflects a 0.94% decrease […]
Bitcoin Recent Over 20% Dip In The Last 7 Days Is Only But A Buying Opportunity, Historical Data Shows
Bitcoin ($BTC) is currently undergoing a 21% decline after a 12-day period, mirroring past corrections during this bull market. Interestingly, historical data suggests that such dips have often preceded significant upward movements, presenting potential buying opportunities for investors anticipating Bitcoin’s rise. In this bull market, $BTC has experienced 4 notable […]
Despite Massive Exchange Deposits Of Ethereum, ETH Staking Stats Hits 29,128,513.51 ETH
Ethereum’s price exhibited a decline below the crucial $2,240 support level, dipping briefly under $2,200 before finding support around $2,165. Similar to Bitcoin’s pattern, ETH established a short-term base and initiated an upward correction, currently trading at $2,205. Amidst the price fluctuations, Celsius continued to make notable deposits of Ethereum […]
These $BLUR Token Holders Are Currently On Over $55M Unrealized Profits, Keep An Eye On Them
Blur ($BLUR) has emerged as a prominent player in both the cryptocurrency and NFT markets, gaining recognition for its prowess. Launched on October 19, 2022, Blur.io has swiftly climbed the ranks of the Ethereum mainnet NFT marketplace, boasting an impressive $770 million market cap. On-chain reports from Spotonchain reveal that […]