Month: December 2024

NFT Market Surges: $187M In Weekly Sales As Ethereum And Pudgy Penguins Lead The Way

by

The NFT market has kicked off December with impressive momentum, recording $187 million in weekly sales. This resurgence mirrors historical patterns tied to Bitcoin halvings, with past NFT bull markets taking off 428 days after the 2020 halving and a significant volume spike occurring just 235 days post-halving. https://twitter.com/crypto__kermit/status/1866095691636105504?t=Qs6h3-HHkdIjVPtznnGUEA&s=19 Ethereum continues to dominate the NFT … Read more

Bitcoin Hits $104K Before Dipping To $90K As Long-Term Holders Reignite Volatility

by

Bitcoin’s recent surge to an all-time high of $104,000 awakened long-term holders, who added selling pressure that briefly pulled prices back to $90,000. With dormant BTC re-entering the market, heightened volatility is expected to persist. https://twitter.com/kyledoops/status/1866082880344199247?t=Fc3q1pkNEddgcLEgOZojxg&s=19 In the options market, traders are recalibrating following Bitcoin’s climb past $100K. Options Open Interest (OI) rose to $37.3 … Read more

Ethereum Shows Strong Growth, Whale Profit-Taking, And Record ETF Inflows As ETH Eyes New Highs

by

Ethereum’s network activity has surged, with active addresses rising 36% since November 5, signaling growing confidence in the cryptocurrency following the elections. This surge in network engagement is further supported by a 70% price increase, with ETH now positioning itself to challenge its previous all-time high. $ETH’s active addresses are up 36% since Nov 5, … Read more

Coinbase and Memecoin Listings In 2024: A Cautious Approach Compared To Binance

by

In 2024, Coinbase has added 34 tokens to its listing roadmap, with only seven classified as memecoins, making up 20.58% of the total. Notably, 71% of these tokens have a market capitalization exceeding $500 million. This marks a stark contrast to Binance, which has listed 14 memecoins since October. Coin Listing Trends and Timing   Coinbase … Read more

Stablecoins Becoming Increasingly Viable as Staking Collateral, Research Shows

by

The research, which focuses on Circle’s USDC stablecoin, is part of a series of posts on restaking by crypto research firm Gauntlet. USDC Provides Unique Benefits as Restaking Collateral Restaking – the practice of staking cryptocurrencies like ether (ETH) on multiple protocols to generate additional yield – can now be accomplished with ERC20 tokens, including … Read more

Nigeria’s Blockchain Boost: SEC Explores Tech to Revolutionize Capital Markets

by

The Nigerian Securities and Exchange Commission is exploring the use of blockchain technology to build trust in capital markets. Bridging the Trust Gap The Nigerian Securities and Exchange Commission (SEC) is exploring the use of blockchain technology to build trust in capital markets. According to Director-General Emomotimi Agama, harnessing this technology is key “to bridging … Read more