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Rune Christensen, the founder of Sky (formerly MakerDAO), is close to offloading the last of the 25 million $LDO tokens he originally received as an early member of Lido Finance’s decentralized autonomous organization (DAO). On December 17, 2020, Christensen was allocated 25 million $LDO when the token was priced at $1.75. Since 2022, Christensen has … Read more
In the past 24 hours, $AXL has seen a remarkable 42% price increase, further fueled by a significant deposit from DWF Labs. Just three hours ago, DWF Labs transferred 500,000 $AXL (valued at $420,000) to Binance, catching the attention of market observers. Despite this deposit, DWF Labs still holds a substantial 2.5 million $AXL, currently … Read more
TRON’s native cryptocurrency, TRX, has undergone a notable reduction in its circulating supply over the past year, dropping from 88.97 billion to 86.56 billion tokens. This decrease, amounting to -2.93%, equates to approximately $381.2 million in value. The decline is attributed to ongoing token burns and strategic mechanisms aimed at bolstering long-term value and scarcity. … Read more
The 2023-24 Bitcoin bull market has experienced a -26% drawdown on a closing basis, a figure consistent with prior uptrend cycles. Despite Bitcoin’s historical resilience, the recent correction marks the most significant decline since the FTX collapse, highlighting a particularly challenging period for market demand. However, larger stablecoin balances on exchanges have positively correlated with … Read more
Last week, MicroStrategy’s ($MSTR) premium skyrocketed to a historic high of 161%, fueled by growing market excitement. The surge in interest comes as the company prepares to adopt the new ASC 350 accounting standard by 2025, allowing them to report Bitcoin holdings at fair value. This change could add approximately $3 billion to MicroStrategy’s retained … Read more
A German national accused of orchestrating a $150 million cryptocurrency fraud is now a fugitive after allegedly tampering with his ankle monitor while on home detention in New York. Prosecutors say he led a multi-level marketing scheme, promising massive returns, before siphoning off millions in cryptocurrency and disappearing just before his trial. An active investigation … Read more
Blackrock CEO Larry Fink has emphasized bitcoin’s growing legitimacy as an investment, calling it an alternative to commodities like gold. “We believe bitcoin is an asset class in itself,” said the CEO of the world’s largest asset manager. Fink downplayed regulatory changes, arguing broader acceptance and liquidity will drive market expansion. With the firm’s bitcoin … Read more
Smart contracts, the blockchain-automated programs, are now legal in Argentina after local jurisdiction recognized the enforceability of the first one. They can now be used to execute rental agreements, purchase payments, and other legal contracts, as cryptocurrency is now approved for use as payment in commercial contracts in the country. Smart Contracts Reach Legally Enforceable … Read more
On Monday, a long-dormant bitcoin wallet, first activated on Aug. 4, 2011, made its move, sending 100 BTC—valued at $6.59 million—out into the world for the first time in over 13 years. While September saw some exciting transactions from 2009-era wallets, October has been relatively quiet when it comes to the reawakening of old bitcoin … Read more
China’s unclear fiscal stimulus measures have fueled a surge in bitcoin, pushing the cryptocurrency to a two-week high and sparking speculation that investors may shift to cryptocurrencies over Chinese equities. The uncertainty surrounding the scale of China’s economic efforts has prompted capital rotation into alternative assets like BTC. Adding to the momentum, rising odds for … Read more