As February approaches its final stretch, the open interest in Ethereum options on the Chicago Mercantile Exchange (CME) has surpassed the levels seen in January, setting the stage for a potential new record high of $468 million. This surge in open interest underscores the increasing enthusiasm for Ethereum derivatives trading, […]
Author: Will Izuchukwu
Bitcoin Trading Volume Surges As Market Value Tops $50K
Bitcoin’s trading volume surged to a highly-high as its market value peaked at $50k during the weekend frenzy, marking a +18% growth week. While Ethereum also experienced a slight boost, most other trading volumes remained relatively stagnant in comparison. 🚨 JUST IN: #Bitcoin Hits $50kFirst time since 12 months ago […]
Optimism’s Ascendancy: Leading The Pack In Layer 2 Growth
As of 2024, Optimism stands out as the top performer in the layer 2 space, boasting the highest total active addresses compared to other layer 2 platforms. The growth rate of Optimism addresses surpasses its counterparts, positioning it as a frontrunner in the evolving landscape of layer 2 solutions. Optimism […]
Ethereum’s Price Fluctuations: Insights Into Jeffrey Wilcke’s Recent Deposit
Ethereum has been on an upward trajectory over the past week, surpassing the $2,600 mark with a notable 7% gain, indicating a strong positive momentum in the market. However, today, the token experienced a slight dip in value, seeing a nearly 2% decline and currently trading at $2485. Spotonchain data […]
IMX Price Surges 10% Today: Bullish Sentiments Rise
The price of IMX has surged by more than 10% today and 32% over the past week, marking a significant uptick following a period of neutral trend. This notable increase indicates a growing bullish sentiment surrounding the currency, fueled by increased bull power within the cryptocurrency industry. In tandem with […]
Multibit (MUBI) Faces Steep Decline Amid Whale Dumping
Multibit ($MUBI), a dual-sided bridged token operating on both the BRC20 and ERC20 platforms, has experienced a significant downturn in its value over the past month. With losses exceeding 33% in the last 30 days and 21% in the past week, the token faces considerable downward pressure. Today, the decline […]
Bitcoin Dominance Grows Amid Skepticism: Bullish Signals Emerge As It Hits $47K Today
Bitcoin’s market value surged to $46.3K today, further solidifying its dominance over altcoins as traders remain cautious for the third consecutive week. The recent surge in Bitcoin’s price is attributed to crowd bearishness over the past three weeks. Santiment data reveals that only 5.3% of Bitcoin is currently held on […]
Space ID Token Surges 22% Gain Despite Declining Trading Volume Of Over 50%
Space ID, a rising star in the cryptocurrency market, continues to exhibit bullish momentum across all time frames, boasting an impressive 22% gain in the last 24 hours, despite a nearly 50% decline in the 24-hour trading volume. Recent developments shed light on the movements of significant wallets in the […]
Litecoin Rebounds Above $70, Potential Bullish Run Ahead
Litecoin (LTC) has shown signs of resurgence, climbing back above the $70 mark for the first time since January 22nd. Currently trading at $71.22, LTC has recorded a notable 3% gain in the past 24 hours. ⚡️📈 #Litecoin has had a mild emergence, rebounding back above $70 for the first […]
Lido DAO (LDO) Sees Price Rise Despite Whale Dump Concerns
Despite recent speculation about a whale dump, the price of Lido DAO (LDO) has defied expectations, experiencing a 2.92% increase to reach $2.87 over the past 24 hours, countering the downward trend of the previous week. Reports surfaced a few hours ago indicating that MakerDAO founder Rune Christensen (@RuneKek) withdrew […]
Space ID ($ID) Surges 87% Following Upbit Listing
The price of Space ID ($ID) has experienced a significant surge of approximately 87% after the announcement of its listing on Upbit. Recent on-chain reports have uncovered intriguing activity involving DWF Labs (DWFLabs), shedding light on a series of transactions. DWF Labs withdrew a substantial amount of $ID tokens, totaling […]
Blur (BLUR) Gains Momentum With Innovative NFT Trading Platform
Blur (BLUR) is swiftly capturing attention with its groundbreaking NFT trading platform built on Ethereum. Leveraging the Ethereum blockchain as an ERC-20 token, Blur benefits from the robust security provided by Ethereum’s Proof-of-Stake consensus mechanism. Setting itself apart from other NFT marketplaces, Blur boasts a plethora of features designed to […]
Bitcoin Surges Above $45.3K: Insights Into Recent Market Dynamics
Bitcoin has surged above $45.3K for the first time since the ‘ETF hangover’ retracement began on January 12. 🐳📈 #Bitcoin is back above $44.5K for the first time since the '#ETF hangover' retrace began back on Jan. 12. This bounce is partially attributed to the rise in 1K+ $BTC wallet […]
Solana Network Regains Momentum After Network Outage, Price Continues Upward Movement
Solana stands out as one of the few altcoins surpassing Bitcoin’s performance this week, reclaiming a position above $102 despite Bitcoin’s 3% surge in value. Notably, $SOL / $BTC has seen a 4.5% increase in the last 36 hours alone. Earlier this week, on Tuesday, February 6, the Solana blockchain […]
Bitcoin Wallets Continues Declining Despite Growing ETF Interest, MicroStrategy Buys 850 More $BTC, Now Holding 190,000 BTC
In the wake of the SEC’s approval of 11 Spot ETFs just four weeks ago, the number of wallets holding Bitcoin continues to dwindle. This trend is attributed to the prevailing fear, uncertainty, and doubt (FUD) among investors, alongside the increasing array of alternative investment options competing for attention. 📉 […]
Ethereum Witnesses Massive Withdrawals From Exchanges Amid ETF Speculation
Ethereum stakers and holders received encouraging news this week as reports surfaced of significant Ethereum withdrawals from crypto exchanges. Over the past week alone, approximately $500 million worth of Ethereum was withdrawn from exchanges, contributing to a total outflow of $1.2 billion in Ethereum over the past month. Notably, around […]
Brevan Howard Digital Transfers Lido DAO LDO Tokens To Binance
Recently, a substantial number of Lido DAO (LDO) tokens found their way to Binance, the renowned cryptocurrency exchange platform, courtesy of Brevan Howard Digital, a prominent US-based crypto investment firm also recognized as Dragonfly Capital. According to insights from the on-chain analytic firm Spotonchain, Brevan Howard Digital completed the transfer […]
Whales Trigger Crypto Market Movement With Large $PERP Transactions
In recent hours, significant activity among whales has sparked attention in the cryptocurrency market, particularly surrounding the perpetual protocol’s token, $PERP. On-chain data analyzed by spotonchain revealed a noteworthy transaction involving Binance Labs, which deposited 750K PERP ($784K) into Binance at $1.05. This move follows a two-year period of inactivity […]