Bitcoin’s brief dip below $50,000 coincided with the highest weekly trading volume (~$99B) since the November 2022 FTX collapse. Bullish trader sentiment leading up to this crash has pushed the average returns of BTC wallets active in the past 30 days to their lowest point in 26 months. đź“Š Bitcoin's […]
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Digital Asset Outflows Surge Amid Market Uncertainty
Digital asset investment products have seen their first outflow of funds in four weeks, totaling $528 million, according to CoinShares. This trend is attributed to the looming US recession, geopolitical tensions, and widespread market liquidation. Bitcoin and Ethereum funds were hit hardest, with outflows of $400 million and $146 million, […]
Aave Shines Amid Crypto Market Downturn
The cryptocurrency market is experiencing a severe downturn, with 24-hour losses reminiscent of the dark days in late 2022. Despite this widespread turmoil, Aave’s native token, $AAVE, stands out with a remarkable resilience. Though $AAVE has dropped 28% in the past day, there is a silver lining for this DeFi […]
$ONI Cat Meme Surges 2000% As New Hot Pair On iCrypto
In the ever-evolving landscape of cryptocurrency memes, $ONI has emerged as a standout, capturing attention in iCrypto’s “Hot Pair” section. Unlike its dog-themed counterparts like $NEIRO, which stirred excitement as the next $DOGE, $ONI, a newly launched cat meme token, has quickly distinguished itself with a dramatic 2000% surge in […]
Bitcoin Market Turbulence: Bulls Liquidated, Bears On Edge
Bitcoin’s recent downturn has left many bulls reeling. Data from @coinglass_com reveals that over $2.50 billion in leveraged long positions were liquidated as BTC fell below $63,000. A bunch of #Bitcoin bulls got rekt in this downswing. According to data from @coinglass_com, over $2.50 billion in leveraged long positions got […]
Ethereum Faces Crucial Support Challenge As Whale Moves And ETF Activity Shift
Ethereum is currently at a pivotal point, with its key support level positioned around $2,700. The network is home to 11.11 million addresses holding a combined 59.07 million ETH. Data from @intotheblock indicates that approximately 3.69 million addresses each hold around 1.24 million ETH, with an average purchase price near […]
$ONDO Faces Rough Waters As Whale Reduces Position
$ONDO has been struggling lately, falling 22% over the past month, even as $BTC has shown strong performance. This decline is notable, especially considering the whale activity around $ONDO. Back in March, a major whale holding a significant 17.28 million USD worth of $ONDO began scaling back their position. Between […]
Memecoin Holder Trends: Ethereum And Base Lead, Solana Shows Diversity
A recent report from Coin98Analytics has revealed the number of token holders for several well-known memecoins over the past seven days. Ethereum and Base memecoins have captivated a significant number of holders, while Solana has shown a wider variety of memecoin types. The amount of token holders of several well-known […]
Real World Assets In DeFi: A $3.76 Billion Milestone
As of July 2024, the Total Locked Value (TVL) for Real World Assets (RWA) in DeFi protocols has reached an impressive $3.76 billion. This milestone underscores the growing integration of tangible assets into the DeFi ecosystem, bridging the gap between traditional finance and decentralized finance. The market capitalization of all […]
$USPEPE Surges: Will It Outpace $PEPEI?
The American Pepe token ($USPEPE) is experiencing a meteoric rise, having surpassed a $3 million market cap. It’s up by over 80% in the last 24 hours and an astonishing 1420% over the past week. This surge has caught the attention of many in the crypto community, sparking discussions about […]
$BANANA Drops 37% from Peak: Analyzing The Market Trends and Smart Wallet Activity
The $BANANA token has experienced a significant decline, falling 37% from its peak of $78.5 to the current price of $49.7. Several factors have contributed to this drop. 1. Increased Market Supply: Following its listing on Binance, $BANANA airdropped 800,000 tokens to BNB holders. This influx of tokens has increased […]
AAVE Token Surges Over 20% In A Week: Key Factors Behind The Rally
AAVE has surged more than 20% in the past week, driven by several key factors. 1. Launch of Version V3.1: Aave recently launched version V3.1 across all networks, significantly improving the protocol’s security, operational efficiency, and usability. 2. Strong Financial Performance: Aave’s financial health is robust, with the protocol generating […]
The TON Ecosystem: An Emerging Giant In The Crypto World
The TON ecosystem, standing strong alongside Ethereum ($ETH) and Solana ($SOL), boasts rapid transactions and robust performance. Despite this, TON remains under the radar for many traders, which is surprising given its significant potential and current market impact. The $TON ecosystem stands strong alongside $ETH and $SOL, with rapid transactions […]
Cardano’s Transaction Volume Decline: Analyzing The On-Chain Downtrend
Cardano’s ($ADA) transaction volume in USD has been on a downtrend since March. Data from Santiment shows that Cardano’s daily transaction volume has consistently made lower highs, consolidating a downward pattern. In the last 24 hours, Cardano transacted $1.53 billion, a stark contrast to the over $11.56 billion confirmed during […]
XRP Nears Potential Bullish Breakout After Six Years Of Consolidation
XRP has been consolidating within a symmetrical triangle pattern for the past six years, and a bullish breakout may be on the horizon if it surpasses $0.90. This long-term consolidation could soon give way to significant upward momentum, marking a major shift in XRP’s market dynamics. $XRP has been consolidating […]
Bitcoin Faces Volatility Amid Rising Transaction Activity And Key Developments
As Bitcoin hovers just above $66,000, notable activity is observed in the transfer of unique tokens between wallets. Recently, 244,000 BTC were circulated in a single day, marking the highest level since March 5th. This uptick in Bitcoin activity suggests a gradual return of utility to levels last seen during […]
Paradigm Capital Deposits $129M In Ethereum, While Ethereum Foundation Continues To Sell ETH
Today, Paradigm Capital made a significant deposit of 39,068 ETH, valued at approximately $129 million, into the custody platform Anchorage Digital. This marks their largest ETH deposit into Anchorage Digital in the past three months. Currently, Paradigm Capital holds only 8,373 ETH, worth about $27.5 million, suggesting a substantial shift […]
Terra Blockchain Exploited For Millions In Crypto, Resumes Operations Post-Emergency Upgrade
The Terra blockchain recently faced a significant exploit, resulting in the theft of approximately 60 million $ASTRO, 3.5 million $USDC, 500,000 $USDT, and 2.7 $BTC. The attacker leveraged a reentrancy vulnerability in the timeout callback of ibc-hooks, a flaw that was disclosed back in April this year. Terra blockchain was […]