Cryptocurrency News
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. 📊 Bitcoin's […]
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, […]
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 […]
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 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 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 […]
While most altcoins are currently weak amid latest dip, Aave appeared highly bullish following a recent monthly price break. However, it has lost buzz a bit today, but the price still looks strong on a weekly scale. Breaking below the crucial $80 support near $70 in July, Aave saw a […]
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 […]
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 […]
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 […]
Nine years ago, Ethereum made history with the mining of its genesis block, ushering in a new era of digital currency with the world’s first ETH tokens. Since then, Ethereum has evolved into the cornerstone of a thriving decentralized finance ecosystem, pioneering innovations that are reshaping the future of finance. […]
According to data from Token Unlock, Galxe is preparing to unlock 4.17 million $GAL tokens, valued at approximately $14.81 million, on August 2, 2024. This unlock represents 3.52% of the total supply. So far, Galxe has unlocked 60.77% of its tokens. Six hours ago, an address identified as 0x195…92A10 deposited […]
Lido continues to lead the liquid staking token (LST) market, with $stETH representing a significant portion of the total staked Ethereum. Currently, over 9.8 million $ETH are staked through Lido, held by 319,819 unique addresses. Lido continues to dominate the liquid staking token (LST) market, with $stETH representing a substantial […]
Ethereum is showing strength again after seeing a slight retracement last week. It appeared strongly bullish today, charging back to its recent high where a potential price breakout is likely to occur. Since last week, Ethereum has seen notable ups and downs after seeing about 30% recovery in the preceeding […]
After a short pullback last week, Bitcoin found support and resurged near a crucial resistance overnight with a 3% gain. It is currently on the verge of breaking out of a channel, poising for a massive run. Bitcoin has continued to take the bears by surprise with the latest price […]
Amber Group recently deposited 2.6 million $ID tokens, equivalent to $1.35 million, onto Binance. This move has raised questions about whether the fund is taking profits or cutting losses. The timing of this deposit is intriguing, as it comes after a 20% increase in the price of $ID over the […]
In a recent X space session, TON Blockchain and BitgetWallet have been highlighting the GameFi theme, capturing the attention of crypto communities for a month. Prominent GameFi projects on the TON chain, such as $NOT, $GMT, and $GMEE, are drawing significant interest. #GameFi is the upcoming trend? 😬🤔@ton_blockchain and @BitgetWallet […]
Following the approval of the Ethereum Spot ETF, a substantial 160,930 ETH entered Coinbase over just two days. This influx of ETH has raised questions about whether Grayscale’s Spot ETF, ETHE, will continue to exert selling pressure on the market. Recent data indicates that ETH net flows might be a […]