According to on-chain data, as the merge approaches, the dominant behavior across the Ethereum network is to HODL. Coins held by Ethereum investors are maturing to showcase a higher number of HODLers unwilling to sell. Within the Ethereum ecosystem, just under 60% of investors have held for more than one year, compared with Bitcoin, which…
The following content contains references to suicide. Today, Sept. 10, is international suicide prevention day. Each year over 700,000 people per year die from suicide around the world. The official number of how many are crypto or trading related is unknown. However, there are over 120,000 news stories on Google News of cryptocurrency-related suicides, with…
A total of $96 million worth of positions on Bitcoin got liquidated in the last 12 hours, 77% of which were short positions. Bitcoin surge started at 3 a.m. UTC on Sept. 9, and has recorded a 10.5% increase since then. The price broke $20,000 in three hours and $21,000 in about 15 hours. BTCUSD…
Michael Hsu, the acting head of the Office of the Comptroller of the Currency (OCC) said during a Banking Policy conference that regulated banks should maintain a “careful and cautious” approach to crypto to prevent contagion that would undermine the U.S. economy. The OCC, prior to Hsu’s appointment, had approved banks to offer crypto-related services….
Bankrupt crypto lender Voyager is set to liquidate all its assets through an auction that is scheduled for Sept. 13. Voyager announced on Sept. 7 that it had received multiplied bids from parties interested in buying up its assets. Voyagers, we want to let you know that multiple bids were submitted as part of the…
Quantitative tightening (QT) reduces the Federal Reserve’s balance sheet. It transfers a significant amount of Treasury and agency mortgage-backed securities to investors. The current Fed policy is to use QT as a tool to combat inflation as well as increasing interest rates. It is the opposite of what has been more prevalent over the past several…
Signature Bank has released its mid-Q3 update showing a decrease in spot deposit balances attributed to crypto outflows totaling $4.27 billion. “Digital deposit outflows are driven by the recent “crypto winter”, or downturn in cryptocurrency markets.” By contrast, non-crypto deposits increased to $2.64 billion quarter-to-date, with “specialized mortgage banking solutions” making up the bulk of…
Following a bullish start to Tuesday trading, where Ethereum gained 6% on Bitcoin as it marched back towards $2,000, the market turned to see Bitcoin lose $19k and Ethereum drop below $1,500. BTCUSD TradingView on CryptoSlate The sharp decline in Tuesday evening trading saw over $100 million in Bitcoin liquidations in the space of four…
The biggest news in the cryptoverse for Sept. 5 includes Binance ceasing support for USDC, Michale Saylor calling Bitcoin Lightning Network the most important technology and FatManTerra tricking his followers with a fake investment scheme. CryptoSlate Top Stories Binance will stop supporting USDC, certain other stablecoins by Sept. 29 Binance will reportedly cease support for…
Helium’s HNT token is in freefall as it has lost roughly 9% of its value in the last 24 hours –the highest over this timeframe– according to CryptoSlate data. Sept. 5 Top 5 Biggest Losers (Source: CrypoSlate) On the seven days metrics, HNT is down by 37%, falling from a high of $6.20 to as…