Tag: Cryptoslate

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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

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

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

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

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

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

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

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

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

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

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

Ethereum futures hit record highs following spot ETF approval

While the approval of spot Ethereum ETFs in the US failed to trigger a massive rally for ETH, it sparked a significant surge in the derivatives market The approval of spot ETFs was hailed as a major