Bookmarking Crypto Insights
Core Scientific announced a significant recovery in its financial performance for the first quarter of 2024, reporting a net income of $210.7 million, a stark contrast to the net loss of $0.4 million from the same period last year, driven by an increase in Bitcoin mining and hosting services. The company mined 2,825 bitcoins in … Read more
Macquarie Bank, one of the largest banks in Australia, will not allow its customers to deposit or withdraw cash or cheques from its office branches starting this month. The move comes as the bank goes cashless, and transitions to digital payments, stating these are “a safe, quick, and more convenient way to bank.” Macquarie Bank … Read more
Bitcoin may still be trading above $60,000, but network fundamentals are already showing the strain as BTC price gains fail to materialize. Go to Source
A convenience store in South Korea offers Bitcoin meal boxes in collaboration with the local exchange Bithumb, where customers can win small amounts of Bitcoin with their purchases. Go to Source
Revolut, the London-based fintech firm, has announced the launch of a new product, Revolut X. This stand-alone crypto exchange is specifically designed for professional crypto traders and marks a major step in the company’s expansion into the crypto market. Revolut X allows trading of over 100 tokens and offers competitive fees of 0% for makers … Read more
The AI token, $FET, experienced a 6% decline in value today as it approached the $2 mark, reflecting ongoing outflows from wallets associated with the Fetch.ai Foundation. This movement in price coincided with significant deposit activity on Binance, shedding light on potential market dynamics influencing $FET’s performance. Wallet 0x633, linked to the Fetch.ai Foundation, recently … Read more
If Solana recovers as quickly as it has in recent times approximately $125 million in short positions will be liquidated. Go to Source
The emergence of Thug Cat ($THUG), a new Solana memecoin, has caught the eye of the crypto community, propelling it to the sixth position on the Dex screener today. However, recent data from Lookonchain reveals an intriguing development involving insiders profiting from the token’s surge. Insiders capitalized on the hype surrounding Thug Cat by strategically … Read more
Ethereum scaling solution provider Optimism announced plans to enhance blockchain throughput by integrating Layer three applications on top of its OP Stack, aiming to foster a Superchain network where Layer threes can build and share revenue with the Optimism Collective. The OP Stack, an open standard codebase, extends its utility beyond Layer two deployers to … Read more
Crypto users are increasingly turning attention to new SocialFi apps, but analysts say it’s probably too early to say whether “SocialFi season” has arrived. Go to Source