The introduction of Bitcoin spot ETFs in the U.S. market has led to significant net inflows of $12.3 billion within the first three months of their launch. This influx of capital has raised questions about the broader impact of these ETFs on the Bitcoin market as a whole. A detailed analysis by Glassnode analyst James
Crypto
A cryptocurrency investor who goes by the username “Sell When Over” on X recently reported a staggering loss of $800,000. The investor initially noticed a loss of $500,000 from various wallet applications and suspected that they had fallen victim to a cyber attack through their Google Chrome browser. The user raised the alarm on X,
In the first quarter of 2024, Ethereum and its Layer 2 scaling solution, Polygon, emerged as the top contenders in terms of attracting new users within the blockchain space. A recent report by Flipside highlighted the significant growth in user adoption for these platforms compared to other EVM chains. This analysis sheds light on the
The Bitcoin halving event occurs approximately every four years and is designed to slow down the production of new BTC. By doing so, the goal is to ensure that the final BTC will be mined over a span of more than a hundred years. With over 19.6 million Bitcoins already in circulation, the reduction in
Ethena Labs recently announced the incorporation of Bitcoin (BTC) as backing into their synthetic dollar-pegged offering, USDe. This strategic move aims to scale USDe’s supply beyond its current $2 billion mark. By highlighting the importance of BTC as a backing asset, Ethena Labs is looking to leverage BTC’s superior liquidity and scalability for delta hedging
The cryptocurrency market recently experienced a correction, with Bitcoin (BTC) being one of the most impacted digital assets. BTC’s price fell by about 6% over a seven-day period, currently trading around $65,400 according to CoinGecko’s data. One possible reason for BTC’s increased volatility and declining value could be profit-taking by long-term holders. Reports have shown
The recent report from Glassnode on April 2 indicated that long-term holders of Bitcoin have begun distributing their holdings and selling to new investors at higher prices. This activity has resulted in an injection of new capital into the asset class, leading to a rise in the realized cap. The realized cap, which measures cumulative
March proved to be an incredibly profitable month for the Bitcoin mining industry, with miners collectively raking in over $2 billion for securing the leading cryptocurrency network. Data from Blockchain.com revealed that miners averaged $65.23 million per day over the course of the month, setting a new record. This figure far surpassed the previous two
In March 2024, the blockchain security firm PeckShield released a report that highlighted a troubling trend in the crypto space. Despite an overall improvement in investor sentiment, the report revealed that there were over 30 incidents of crypto hacks during the month, resulting in approximately $187.29 million in losses. This surge in hacks has raised
Argentina recently introduced new regulations aimed at the country’s cryptocurrency sector, requiring all local crypto firms to register with the regulatory body or face potential shutdown. This move comes after the senate passed legislation approving the Registry of Virtual Asset Service Providers in alignment with the Financial Action Task Force’s recommendations. The goal behind these