Tag: Cryptoslate
Blockchain
Bitfarms rejects Riot’s unsolicited acquisition offer
Bitfarms said on May 29 that it rejected Riot Platform’s unsolicited acquisition proposal because the offer undervalued the company The proposal, received on April 22, offered $230 per common
Blockchain
Bitcoin miner capitulation: 14 days in, compared to 41-day average over the past 5 years
Quick Take The Hash Ribbon chart by Glassnode is a market indicator that identifies potential bottoms in Bitcoin’s price by analyzing miners’ behavior Specifically, it suggests that
Blockchain
PayPal banks on Solana’s stablecoin dominance to bolster PYUSD adoption
PayPal said it has expanded its US dollar stablecoin PYUSD to the Solana blockchain network to empower its users with fast, secure, and cheaper stablecoin transactions, according to a May 29
Blockchain
Ethereum’s grip on DeFi challenged by Tron’s stablecoin surge
Stablecoins are a foundational part of the crypto market Tracking their distribution across blockchains is essential for understanding the underlying trends in DeFi, as they represent the
Blockchain
Leveraged Ethereum futures ETF to debut on CBOE before spot ETFs launch
The Volatility Shares 2x Ether Strategy ETF (ETHU) will become the first leveraged Ethereum ETF to trade on the Chicago Board Options Exchange (CBOE) by June 4, according to a disclosure on its
Blockchain
Bitcoin spot market anticipates consecutive monthly drops post six-month growth period
Quick Take According to data from The Block, Bitcoin’s spot market volume saw a consistent upward trend from September 2023 to March 2024 The total spot market volume across all exchanges in
Blockchain
Differences in token standards across top 10 blockchains and what they do
Token standards are rules and protocols that dictate how tokens function on a blockchain Different blockchains have their own token standards to ensure interoperability, security, and efficiency Here
Blockchain
Fetch, SingularityNET, and Ocean Protocol merger into AI powerhouse to be finalized in June
Fetchai, SingularityNET, and Ocean Protocol, leading entities in decentralized AI, announced plans to finalize the Artificial Superintelligence Alliance (ASI) merger by June 2024, according to a May
Blockchain
Consistent Bitcoin exodus from exchanges highlights investor confidence
Onchain Highlight DEFINITION: Exchange Net Positon Change by Glassnode is the 30-day change in the supply held in exchange wallets Bitcoin’s exchange net position change has been experiencing
Blockchain
Ripple $25 million crypto education contribution amid rising importance in 2024 election
Ripple has highlighted the 2024 US election as a crucial juncture for the crypto industry, according to a May 29 statement In response, the company has donated $25 million to Fairshake, a federal
Blockchain
London Stock Exchange’s new crypto ETNs see sluggish start, only 200 shares traded
Quick Take On May 28, the London Stock Exchange opened trading for crypto exchange-traded notes (ETNs), but access was restricted to regulated financial investors, excluding retail traders This
Blockchain
BlackRock’s IBIT overtakes Grayscale’s GBTC Bitcoin holdings amid inflow surge
Quick Take Farside data shows that Bitcoin (BTC) Exchange-traded funds (ETFs) experienced $45 million in inflows on May 28 Seven of eleven ETFs recorded positive inflows, reflecting broad interest
