Tag: Cryptoslate
Blockchain
Over 90% of Bitcoin supply remains profitable despite market volatility
Onchain Highlights DEFINITION: The percentage of entities in the network that are currently in profit is based on the amount of Bitcoin bought cheaper than the current price The “Buy
Blockchain
Japanese DMM exchange suspends withdrawals after $305 million Bitcoin theft
Japan-based crypto exchange DMM confirmed a hack resulting in the theft of 4,5029 BTC, valued at approximately 48 billion yen ($305 million) In a May 31 statement, the exchange reported detecting an
Blockchain
Rising M2 money supply signal potential tailwinds for Bitcoin
Quick Take Analyzing recent data from the Federal Reserve Economic Data (FRED), we observe significant trends in the Federal Reserve’s balance sheet and the M2 money supply The Federal
Blockchain
Bitdeer gains $150 million from Tether for ASIC-based mining rig development
Stablecoin issuer Tether has entered into an agreement to acquire up to $150 million worth of shares from prominent Bitcoin mining firm Bitdeer via a private placement deal, according to a May 31
Blockchain
How does Ethereum’s DN-404 standard bridge tokens and NFTs?
DN-404 is an experimental Ethereum token standard designed to address the limitations of its predecessor, ERC-404, by enhancing tokenized assets’ efficiency, scalability, and interoperability
Blockchain
Vitalik Buterin critiques Bitcoin’s block size war, calls for innovation
Vitalik Buterin, co-founder of Ethereum, has provided a detailed reflection on the Bitcoin block size wars, a significant conflict within the Bitcoin community that spanned from 2015 to 2017 This
Blockchain
Pudgy Penguins teams up with Mythical Games to launch Web3 mobile game on Polkadot
Pudgy Penguins, a prominent NFT collection, has announced a partnership with Mythical Games to develop a Web3-powered AAA mobile game on the Polkadot-based Mythos Chain, according to a May 30
Blockchain
Luna Foundation moves $95 million in crypto to new wallet citing enhanced security
The Luna Foundation Guard (LFG) has transferred approximately $95 million in crypto to a new wallet, aligning with recent plans to enhance fund security On-chain data from blockchain Arkham
Blockchain
Kraken experiences largest outflow with $1.6 billion in Bitcoin transactions
Quick Take Kraken, the digital asset exchange, recently experienced its largest outflow in dollar value, with approximately $16 billion being transferred out of the platform on May 30, according to
Blockchain
Romanian city Tuzla to become a blockchain-powered DePIN smart hub with ARAX partnership
ARAX has announced a strategic partnership with the Municipality of Tuzla, Romania, to launch a Decentralized Physical Infrastructure Network (DePIN) project aimed at transforming the city into a
Blockchain
Fidelity’s $119.1 million inflow boosts Bitcoin ETF gains as inflows hit 13-day streak
Quick Take On May 30, Farside data revealed that Bitcoin (BTC) Exchange-Traded Funds (ETFs) experienced another inflow of $488 million, marking 13 consecutive trading days of positive inflows The
Blockchain
Balchunas predicts end of June ETH ETF launch as Grayscale updates S-3 statement
Bloomberg ETF analyst Eric Balchunas said on May 30 that US spot Ethereum ETFs could launch in June amidst updated BlackRock and Grayscale filings Balchunas said there is a “legit
