Fintec advisory firm Topaze Blue, in conjunction with Bancor, recently published a report about impermanent loss (IL) on Uniswap V3. They discovered that 49.5% of liquidity providers had suffered negative returns due to IL. The report said liquidity providers, during the analysis period, would have been better off if they just held their tokens. What…
While many still think the use cases of NFTs are tied to rare images, one project, since the beginning of September has been making inroads into the tokenization of the music industry and even made an exponential growth of over 1000% within the space of a month. The project, Opulous (OPUL), is focused on how…
After weeks of waiting, VanEck’s Bitcoin Strategy ETF (XBTF) finally began trading on the Chicago Board of Exchange and on its first day had a trading volume of $4.6 million paling significantly against other similar ETFs that began trading last month. VanEck’s ETF has a slow start to life Data from investing.com revealed that shares…
The cryptocurrency market saw almost $875 million in liquidations on Tuesday, with over 215,000 traders liquidated across multiple exchanges. According to data from CoinGlass, the largest single liquidation order happened on Binance, where a $10.37 million LTC/USD position was closed. Bitcoin led the way when it comes to liquidation size, with just under $7 million,…
Ethereum started the week strong, inching back to the $4,800 mark, but several long-lasting divergences are pointing to an upcoming correction. Market watchers anticipate sell-off At the end of last week, Ethereum Foundation transferred 20,000 Ethereum, worth roughly 9,5 billion to Kraken. According to the Etherscan block explorer, the Ethereum Foundation (0xde0b295669a9fd93d5f28d9ec85e40f4cb697bae) transferred 20,000 ETH…
After rallying to an all-time high of over $68,000 on November 10, the market cap of Bitcoin and the entire crypto industry rose to over $3 trillion too, marking a new ground for the nascent industry. However, within the space of 24 hours, all of those gains appear to have been eroded as the leading…
Bloomberg’s senior ETF analyst Eric Balchunas took to Twitter to draw statistics concerning the ETF market, stating that the new Proshares Bitcoin ETF had traded $400 million worth of shares yesterday alone. $BITO and $BTF both had their biggest volume days in about two weeks. $BITO with a $400m traded, which is not only a…
Bitcoin fell nearly $4,000 in a steep plunge this morning, taking with it the broader crypto market and causing over $500 million in ‘long’ liquidations. Funding rates were high across the board on Tuesday, leading to some traders commenting on an impending market drop. “Open interest reached an ATH. Let’s do a little bullish shakeout…
The COO of Robinhood Crypto, Christine Brown praised the Shiba Inu community for its engagement with the firm, leading to speculation of an imminent listing. However, Brown was quick to shut down any talk of a listing due to company policy. A change.org petition for Robinhood to list Shiba Inu is currently at over 525,000…
There is no stopping to Shiba Inu continued popularity as one of the leading movie theatre chains in the United States, AMC Entertainment, has revealed that it working to accept the popular meme coin alongside other crypto assets like Bitcoin, Doge, Ethereum, and Litecoin for its tickets in the coming months. AMC contemplates support for…