HODL Waves are an indicator that bundles all active supply addresses by age bands. Each colored band shows the percentage of Bitcoin in existence that was last moved within the time period denoted in the legend. A review of the current state of the HODL Waves chart by CryptoSlate indicates that short-term holders are at…
The biggest news in the cryptoverse for Sept. 2 includes CZ saying that Binance is not incorporated in China, Cardano’s Vasil upgrade scheduled for Sept. 22 and U.S. regulators proposing amendments for large hedge fund reporting. CryptoSlate Top Stories CZ denies claims that Binance is in ‘the pocket of the Chinese government’ Changpeng ‘CZ’ Zhao…
Crypto lender Celsius expects $70 million from loan repayments that will extend its runway cost beyond November. The cash flow forecast submitted by Celsius during the bankruptcy hearing on Sept. 1 disclosed that the company will record an inflow of about $70 million from repayment of USD-denominated loans. The loans are expected to be repaid…
It has been nine months since the market top and in that time, about $2 trillion in capital has left the space hitting token prices hard. However, the question of whether the market bottom is in yet remains. An analysis by CryptoSlate of on-chain data from Glassnode reveals generally positive sentiment from long-term holders. However,…
Terra LUNA Classic (LUNC) continues climbing higher amid plans to revive the chain and tempt investors back. Since August 26, LUNC spiked as high as $0.00031131, equating to more than 2,400% gains. However, bull exhaustion has now set in, with LUNC giving up all of today’s gains and reverting back below the previous day’s close….
Quantitative easing (QE) has become synonymous with the COVID-19 pandemic as the blowout from the lockdowns stalled the growth of the global economy and threatened to turn into a financial crisis. To artificially create economic growth, central banks began buying up government bonds and other securities, while governments began expanding the money supply by printing…
DeFi asset management protocol Babylon Finance will shut down its services on Nov. 15, according to an announcement by its founder Ramon Recuero on Aug. 31. 1/ Babylon Finance is Shutting Down Despite our efforts, we haven’t been able to revert the negative momentum caused by the Rari hack. 🐻 Market hasn’t helped.https://t.co/Qgb5XM33ZX 🧵 TLDR…
The global crypto market cap is $ with a 24-hour volume of $. The price of Bitcoin is $20,261.04 and BTC market dominance is %. The price of Ethereum is $1,577.81 and ETH market dominance is %. The best performing cryptoasset sector is Deflationary, which gained 37%.
Bitcoin bears have dipped the price as low as $19,600 within the last hour, giving back most of yesterday’s gains. The next level of support is at the $19,200 level. Source: BTCUSDT on TradingView.com Previous instances of losing the psychological $20,000 level have seen recoveries over that area. However, with macro concerns, namely runaway inflation…
The biggest news in the cryptoverse for Aug. 29 includes the liquidation of $9 million in Bitcoin shorts, a report showing that the majority of GameFi investors are interested in profit rather than gameplay and Ava Labs’ CEO denying CryptoLeaks’ allegations that it had a deal with law firm Roche Freedman to use “litigation as…