Crypto

Bitcoin experienced a 2.5% decrease on Wednesday, dropping to $59,100, as the U.S. government made a significant move with its Silk Road-related Bitcoin holdings. Arkham Intelligence, an on-chain analysis platform, detected the transfer of 10,000 BTC, valued at $593 million, from a US Government wallet to wallet bc1ql. Subsequently, the Bitcoin was sent to 33J,
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Metaplanet has recently made a significant investment in bitcoin, acquiring approximately $3.3 million worth of the cryptocurrency. This move is part of the Japanese investment firm’s broader strategy to expand its bitcoin holdings. With this latest purchase, Metaplanet now possesses a total of 303.095 BTC acquired for $20 million. Earlier this month, Metaplanet Inc. secured
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Crypto.com, a leading cryptocurrency exchange based in Singapore, has recently made waves in the sports marketing world by securing a groundbreaking partnership with the Union of European Football Associations (UEFA) Champions League. This landmark collaboration marks a significant milestone for the cryptocurrency industry, as Crypto.com becomes the official global sponsor of one of the most
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The latest data on Ethereum’s Layer 2 ecosystem reveals an unprecedented surge in daily transaction volume. According to recent statistics compiled by Growthepie, the daily transactions across Layer 2 networks reached a staggering 12.42 million on August 12, marking a new all-time high. This exponential growth in transaction volume underscores the rapid advancements in scalability
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Amidst the current market downturn, there is a noticeable shift towards HODLing and accumulation among investors in the digital asset market. Glassnode’s recent analysis sheds light on this trend, indicating a growing inclination towards holding onto assets rather than selling in response to volatile market conditions. Following Bitcoin’s all-time high in March, there was a
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Bitcoin’s price has been on a wild ride recently, with a massive increase of nearly $13,000 in just a few days. However, this upward momentum was short-lived as bears quickly took control, causing the price to drop back down to under $58,000. The cryptocurrency market has been experiencing significant volatility, making it difficult to predict
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Coinbase’s recent comment letter to the US Securities and Exchange Commission (SEC) highlighted several significant flaws in the agency’s cost-benefit analysis of the proposed rule. The letter, penned by Coinbase’s chief legal officer, Paul Grewal, argued that the SEC had failed to adequately assess the rule’s economic impact on efficiency, competition, and capital formation. One
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The current market condition has left many new Bitcoin investors facing financial stress. Various metrics suggest a bearish environment, highlighting factors that may increase market volatility, selling pressure, and further price declines. According to a Bitfinex Alpha report, metrics such as the Short-Term Holder MVRV and the standard deviation (SD) of short-term holder Cost-Basis indicate
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