CryptoQuant co-founder Ki Young Ju said the Chinese government is a crypto whale, despite its negative posture toward the industry. FUN FACT: Government of China🇨🇳 is a crypto whale. Chinese authorities seized 194k BTC, 833k ETH, and others from the PlusToken scam in 2019. They forfeited these $6 billion-worth assets to the national treasury. FWIW,…
Ethereum (ETH) has regained its peak dominance against Bitcoin (BTC), according to Glassnode data analyzed by CryptoSlate. The BTC-ETH Dominance metric is an oscillator that tracks the macro outperformance trends between the top two crypto-assets. It considers only the market cap of Bitcoin relative to the combined market cap of the digital currencies. So when…
OpenSea’s Ethereum (ETH) NFTs trading volume has declined for the fourth consecutive month, dropping 13% to $303M, the lowest since June 2021, according to Dune Analytics data. According to the data, OpenSea’s Ethereum monthly active traders have also dropped for the fourth consecutive month. Active traders on the platform dropped by roughly 5% to 332,824…
Crypto derivatives trading was responsible for 63.4% of the entire crypto market in September as its trading increased by 1.54% month over month to reach $2.71 trillion, according to CryptoComapre data. Changpeng Zho-led Binance accounted for 60.1% of this derivatives trading volume among exchanges in September. This trend continued from July and August when its…
FTX founder Sam Bankman-Fried has hinted that the exchange could soon be listing Cardano’s ADA for spot trading in an Oct. 23 tweet. definitely not the case! we have https://t.co/mST1XOz1mv listed internationally; adding spot ADA too is on our roadmap — SBF (@SBF_FTX) October 23, 2022 According to SBF, FTX International has ADA perpetual contracts…
Ethereum (ETH) co-founder Vitalik Buterin has said solo validators should be tolerated if they censor blocks in special cases in an Oct. 17 tweet. I would say “be tolerated”. Slashing or leaking or socially coordinated anything should only be considered for massive reorging of other people’s blocks, not making wrong choices about what to put…
The total cryptocurrency market cap saw net inflows totaling $30.49 billion. As of press time, the industry’s market cap stood at $941.63 billion, up 3.13% over the last 24 hours. Bitcoin’s market cap grew 3.87% over the reporting period to $380 billion from $365.65 billion Ethereum’s market cap increased 3.23% to $162.85 billion from $157.7…
Since the Federal Reserve began hiking interest rates to control inflation, the cryptocurrency and stock markets have performed poorly, forcing investors’ interest in US Treasury bonds to rise. Investors flock to US Treasury bonds Investors appear to be piling in on US Treasury bonds because of their relative safe haven performance in light of the…
XEN Crypto, a new project on Ethereum, is responsible for over 40% of ETH burns and has made the network’s issuance deflationary for consecutive days, according to ultrasound.money data. When XEN launched — Ethereum supply shows reduction from Oct 8th onward… (Note 50% of Ethereum gas fees get burned). Bullish for Ethereum. pic.twitter.com/vA51H4rum5 — Jack…
Ethereum saw a significant increase in the number of unique users on its network in the third quarter. Data from Dune Analytics showed that Ethereum gained over 4.5 million new active users in the third quarter. The growth breaks the trend of steady decline in users the network has been facing since the fourth quarter…