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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 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
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 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 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 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
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
In just four days, Aptos, a leading Layer-1 blockchain, is set to unlock 11.31 million APT tokens valued at approximately $60 million. This unlock, scheduled for August 12th, represents 2.4% of APT’s circulating supply. Given the recent dip in APT’s price from $7, investors are keen to understand how this event might influence the market. … Read more
A staff report published by several New York Federal Reserve employees found that Ethereum “is not immune to censorship and cooperation,” which depends on the roles of several actors across the network. The paper examined how the network performed after Tornado Cash, one of the main mixers in the blockchain, was sanctioned by the OFAC. … Read more
Polymarket, a cryptocurrency-based prediction market, has declared Edmundo Gonzalez, the opposition candidate, the winner of the Venezuelan presidential election bet. The decision, made days after the election, ignores the official results announced by the National Electoral Council (CNE), which proclaimed Maduro as president amidst fraud allegations from opposition leaders. This prompted several users to question … Read more