AI offerings are a bad joke, and investors aren’t laughing
Neither OpenAI nor other tech giants have produced systems capable of doing much, but that hasn’t stopped them from pushing for massive new investments. Go to Source
Month: August 2024
Ethereum Faces Significant Withdrawal Queue Amid Market Developments
Ethereum is currently experiencing a significant withdrawal queue, with approximately 143,000 ETH, valued at around $350 million, set to become available for withdrawal in the next 12 hours. Additionally, a total of 212,000 ETH, including validator rewards, is slated for withdrawal soon. While these withdrawals represent a substantial volume of ETH leaving the network, it’s … Read more
Bitcoin Whale Activity Surges Amid Volatility Spike And ETF Movements
Bitcoin witnessed a notable surge in whale transactions on August 5th and 6th, marking the highest level of such activity since early April. Data shows that wallets holding between 10 and 1,000 BTC took advantage of a price dip, rapidly accumulating Bitcoin as the asset temporarily fell below the $50,000 mark. This activity underscores the … Read more
Stablecoin Inflows Surge As Investors And Institutions Buy The Dip
On August 6th, the net inflow of stablecoins to exchanges soared to nearly $1 billion, marking the highest level since April 2023. This surge comes on the heels of the market downturn on August 5th, which appears to have triggered a wave of buying activity, with both retail investors and institutions seizing the opportunity to … Read more
XRP Soars As Market Cap Surges 23% Following U.S. Court Ruling
XRP has experienced a significant surge, with its market cap increasing by 23% in the past 24 hours. Wallets holding between 1 million and 10 million XRP on the XRP Ledger now control a record-breaking 7.06 billion coins, valued at $4.42 billion. Additionally, discussions about XRP on social media have reached their highest levels since … Read more
Binance Labs Invests In Solayer, The Fast-Rising Restaking Network On Solana
Binance Labs has announced its investment in Solayer, a rapidly growing restaking network built natively on the Solana blockchain. In just under 60 days since launching its first phase, Solayer has quickly ascended to become the 13th largest protocol on Solana, according to data from DeFiLlama. Binance Labs announced that it has invested in Solayer, … Read more
OKX Delists Seven Tokens, Including SLN: Smart Layer Responds With Disappointment
OKX has announced the delisting of seven tokens: MSN, OMN, REP, EURT, IGU, PCI, and SLN. Among these, SLN has been hit particularly hard, having lost over 96% of its value since its launch. Notably, some of the delisted tokens, including SLN and MSN, had previously received investment from OKX Ventures before being listed on … Read more
Whales Are Accumulating These Cryptocurrencies: What It Means For The Market
When whales—large investors with significant holdings—start investing in a particular cryptocurrency, it often signals the asset’s potential for growth. This behavior can trigger a domino effect, where smaller investors follow suit, driving up both demand and price. So, which cryptocurrencies are currently catching the eye of these big players? As anticipation builds for the launch … Read more
IRS updates draft of crypto reporting form for US taxpayers
The latest draft form eliminated asking US taxpayers the time of day a crypto transaction occurred and identifying the “broker type.” Go to Source
$HARRIS vs. $TRUMP: Which Token Is Favored By Smart Money And Whales?
As the race between two major presidential candidates heats up, so does the battle between their respective meme tokens, $HARRIS and $TRUMP. On Polymarket, the win rate for both candidates stands at an even 49%, highlighting the fierce competition. For Smart Money, holding political meme tokens is more than just a bet—it’s a strategic play. … Read more