Tag: Cryptoslate
Blockchain
Bitcoin’s short-term holder supply nears 2019 lows, hints at market consolidation
Onchain Highlights DEFINITION:The total amount of circulating supply held by short term holders Long- and Short-Term Holder supply is defined with respect to the entity’s averaged purchasing
Blockchain
WazirX to resume phased fiat withdrawals after $235M hack
India-based crypto exchange WazirX announced that it will begin a phased resumption of fiat currency withdrawals on Aug 26, following a month-long suspension due to a cyberattack, according to an Aug
Blockchain
DMM Crypto explores stablecoin launch under Japan’s regulations
Japan’s DMM Group, along with its subsidiary DMM Crypto, is partnering with blockchain developer Progmat to explore the launch of a stablecoin under existing local regulations, according to an
Blockchain
Bitcoin momentarily hit $62k following Powell’s speech on economic outlook
Quick Take Federal Reserve Chairman Jerome Powell delivered a significant speech at the ongoing Jackson Hole meeting, offering insights into the current economic landscape and the Federal
Blockchain
Russia to launch crypto exchanges for global trade in Moscow and St Petersburg
Russia is reportedly exploring the establishment of two crypto exchanges to facilitate foreign economic activities, local media outlet Kommersant reported on Aug 23 The proposed exchanges will be
Blockchain
BTC and Ethereum demonstrate distinct hourly trends around US market hours
Quick Take A recent analysis of BTC and Ethereum returns, based on Velo data, reveals distinct hourly patterns in price behavior, particularly around US market hours (data is UTC zone) One key
Blockchain
China extradites mastermind behind $14 billion crypto pyramid scheme
The Chinese government announced the extradition of the mastermind behind a multi-billion-dollar crypto pyramid scheme from Thailand, according to an Aug 23 statement The Chinese Ministry of Public
Blockchain
Bybit emerges as dominant exchange with $2.5 billion BTC spot volume
Quick Take According to recent Glassnode data, Bybit has emerged as a leading player in the Bitcoin trading arena, particularly in spot volume, which measures the cumulative trading volume of native
Blockchain
Sony Group takes plunge into Web3 with new Ethereum Layer-2 network Soneium
Sony Block Solutions Labs, a subsidiary of Sony Group, has unveiled plans to develop Soneium, an Ethereum Layer-2 network designed to accelerate blockchain technology adoption, according to an Aug 23
Blockchain
Bitcoin ETFs record sixth consecutive trading day of inflows amid BlackRock surge
Quick Take Bitcoin Bitcoin ETFs continued their positive momentum, recording their sixth consecutive trading day of inflows on Aug 22, with a total inflow of $648 million BlackRock’s IBIT led
Blockchain
Bitcoin’s climb above $60k causes futures open interest to surge $2B in a day
Bitcoin’s breakout above $60,000 seems to have triggered a new spark of optimism among traders The market has been flat for most of August after experiencing a significant drop at the beginning
Blockchain
Bitcoin addresses holding at least 10 BTC recover from Q1 decline
Onchain Highlights DEFINITION: The number of unique addresses holding at least ten coins Bitcoin addresses holding at least 10 BTC have declined in 2024 The number of such addresses began the year at
