Immutable X (IMX) Sees Record Whale Activity as $18M+ Tokens Move From Kraken To Coinbase Immutable X (IMX), currently ranked 46th by market capitalization, is making waves in the crypto world as it experiences an unprecedented surge in whale activity. In a surprising turn of events, a notable whale has suddenly amassed over $18 million worth of IMX tokens. This event coincided with substantial transfers of IMX tokens from the […]
Bitcoin Traders’ Aggressive Shorting On Binance Can Potentially Cause A Price Increase Impact, Here’s How
Bitcoin’s Onchain Activity Surges, Reaching April Levels Bitcoin, the world’s leading cryptocurrency, is experiencing a resurgence in onchain activity that hasn’t been seen since April. This surge in utility and engagement within the network is sparking excitement and speculation within the crypto community. Source: Santiment Active 1.1M Addresses In September One of the standout metrics is the remarkable increase in the number […]
Dogelon Mars: The Fastest Rising Asset In Crypto Dogelon Mars (ELON) is a meme coin that has been gaining popularity in recent months. The token is named after the dog of Elon Musk, Dogecoin co-founder Billy Markus, and Dogecoin mascot Floki Inu. Source: Santiment ELON is the fastest rising asset in crypto, ahead of Bitcoin (BTC), Chainlink (LINK), and Blaze (BLZ), in terms […]
Bitcoin Addresses Holding 0.1+ Coins Hit All-Time High Amidst Market Volatility, Adding Almost 1,000 New Addresses
Chainlink’s Noncirculating Supply Wallet Deposits 15.7M $LINK into Binance, Signaling Potential Volatility Ahead
Cryptocurrency Exchange Supply Trends Signal Market Sentiment The cryptocurrency market is in a state of flux, with Bitcoin and Ethereum exchange supplies showing a steady decline, while Tether, the popular stablecoin, is resurging in circulation. These trends offer valuable insights into the current sentiment and potential future movements within the crypto space. Source: Santiment Bitcoin and Ethereum, the two leading cryptocurrencies by […]
Bitcoin Reaches New Milestone With Over 1 Million Addresses Holding 1+ Coins Bitcoin, the world’s leading cryptocurrency, has once again made headlines as it reached a historic milestone. The number of addresses holding at least 1 Bitcoin (1+ coins) recently hit an all-time high (ATH) of 1,020,472. This achievement comes just days after the previous ATH of 1,020,442 was observed on 14th September 2023, showcasing the continued […]
Deutsche Bank’s Strategic Move Into Crypto Custody In a groundbreaking development within the financial industry, Deutsche Bank, one of Europe’s largest and most renowned financial institutions with €1.34 trillion in assets under management, has forged a strategic partnership with Swiss cryptocurrency firm Taurus. The aim? To provide comprehensive Bitcoin and cryptocurrency custody services to their clients. Traditional Banking’s Stance Towards Cryptocurrencies This […]
VeThor (VTHO) Taking Volume from VeChain (VET) Following Coinbase Listing The Coinbase listing of VeChain (VET) and VeThor (VTHO) has had a significant impact on both tokens, with VTHO seeing far more notable gains than VET. In the past day, VET is up 9.4%, while VTHO is up 73.9%. This has led to VTHO taking volume from VET, as investors are eager to buy into […]
Crypto Market Reacts Positively To August CPI Report In the cryptocurrency space, where market sentiment often dances to the tune of economic indicators, the recent release of the August Consumer Price Index (CPI) report has caused a ripple of optimism. The data showed a 3.7% increase, slightly surpassing the expected 3.6% rise, while the Core CPI, which excludes volatile food and energy prices, […]
Franklin Templeton ETF Hype Dies Down, But Long-Term Benefits Remain The recent filing of a spot bitcoin ETF by Franklin Templeton has generated a lot of excitement in the crypto community. However, the initial FOMO (fear of missing out) has quickly died down, as investors have begun to realize that the approval of such an ETF is still not guaranteed. SEC Has Always Rejected Bitcoin […]
Franklin Templeton Files For Spot Bitcoin ETF, Boosting Crowd Optimism Franklin Templeton, one of the world’s largest asset managers, has filed for a spot Bitcoin ETF, which would allow investors to directly invest in Bitcoin through a traditional brokerage account. This news has sparked a wave of optimism in the crypto community, with Bitcoin and Bitcoin Cash emerging as the top two trending assets. Spot […]
Ethereum Recent Drop Signals Capitulation Moves The recent drop in Ethereum (ETH) to $1,540, a level not seen since March 12th, has raised concerns and drawn attention to some interesting on-chain data. One significant observation is the movement of large quantities of stagnant ETH away from old wallets during this price decline. This phenomenon suggests that long-term holders may be growing […]
FLOKI’s Soaring Social Activity And Its Impact On Price In the ever-evolving world of cryptocurrency, social activity plays a pivotal role in influencing investor sentiment and market dynamics, just like in FLOKI. This week, FLOKI, a digital asset that gained notoriety in the crypto community, has experienced a remarkable surge in its social engagement, reflecting a resurgence of interest in this meme-inspired coin. Source: […]
Solana Rising Social Buzz, All You Need To Know Solana, the blockchain platform that has been making waves in the crypto world, has seen a remarkable surge in social activity recently, up by a staggering 29.3%. This heightened buzz can be attributed to several key factors that have captured the attention of the crypto community and beyond. Hyperdrive Hackathon One of the primary catalysts […]
The Crypto Conundrum: Bitcoin vs. VC Investments In recent months, the world of cryptocurrency has witnessed a fascinating and somewhat paradoxical trend: while the price of Bitcoin (#BTC) has been on a rollercoaster ride, venture capital (VC) investments in crypto startups have steadily declined, reaching multi-year lows in August. Surprisingly, the correlation between Bitcoin’s performance and VC interest in the crypto space […]
Ethereum $ETH Total Value In ETH 2.0 Deposit Contract Reaches ATH Of 28M ETH The total value of Ethereum (ETH) locked in the ETH 2.0 deposit contract has reached an all-time high of 28,537,842 ETH, or over $100 billion. This represents a 10% increase from the previous ATH of 25,937,766 ETH, which was set in April 2023. Source: Glassnode PoW To PoS The ETH 2.0 deposit contract is a […]
Bitcoin Price Falls To $25.4K As Trader’s Enthusiasm For ETFs Turned Into Worry And Fear The price of Bitcoin fell to $25.4K on Monday, its lowest level since June 16th. The sell-off was likely triggered by growing concerns that the US Securities and Exchange Commission (SEC) may not be willing to approve a spot Bitcoin ETF. Source: Santiment SEC Delayed All Bitcoin Spot Applications The SEC has been reviewing applications […]
The Crypto Space Lost $361.7M In 31 Hacks This Summer The cryptocurrency industry has been hit by a wave of hacks this summer, with over $361 million lost in 31 hacks. DeFi projects remain the most vulnerable area, accounting for 84% of the hacks. Source: Cryptorank Largest Hack: Multichain The largest hack of the summer was the $126 million theft from Multichain, a cross-chain bridge […]
Bitcoin’s Dominance In ROI And Market Growth Over The Last Decade Bitcoin’s Soaring ROI: Over the past 5 to 10 years, Bitcoin has displayed an exceptional surge in Return on Investment (ROI), positioning itself as a remarkably lucrative asset. The cryptocurrency’s exponential price appreciation, from a few hundred dollars per coin to reaching several tens of thousands, has outperformed traditional stocks in terms of ROI. This […]
Laos Cuts Power Supply To Crypto Mining Firms, Cites Production Concerns Source: Pixabay Electricite du Laos (EDL), the state-run power distribution company, has announced a major cut to crypto mining firms in the country, swerving from its pro-crypto stance since 2021. According to local news reports, the country cites several reasons for the sudden decision ranging from electricity production to climate concerns linked to how it […]
US Treasury Department Proposes New Reporting Requirements for Digital Asset Brokers – An Attempt to “Kill” Crypto Adoption?
Best Crypto to Buy Now August 24 – Render, Immutable X, Internet Computer Financial markets are watching closely as Federal Reserve Chairman Jerome Powell prepares to speak at the annual Jackson Hole meeting this Friday. A vital calendar event for central bankers and market watchers, the meeting will offer a platform for discussing changes in monetary policies and economic directions, among other topics. In the lead-up to Powell's […]
