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This week’s State of the Network report from @coinmetrics offers an insightful preview of Coinbase’s Q4 2024 earnings. The report is from Research Analyst @TanayVed. He highlights the factors that have positioned the company for what could be an exceptional quarter, indeed. The report notes that trading volume has been surging, stablecoin supply is growing, … Read more
In the world of AI-centric cryptocurrencies, a recent on-chain report shows that the so-called smart money has been making some pretty good moves. For some unexplained reason, over the past week, there has been a veritable buying binge on Ai16z (Eliza) tokens. This is, of course, against the backdrop of market volatility, mixed performances from … Read more
The artificial intelligence sector is experiencing robust growth, with the market capitalization of AI-related assets rising 1.3% just over the past week. The capital for AI tokens has reached a fabulous $34 billion. This wonderful growth isn’t being powered by just a couple of tokens but is instead being driven by a healthy mix of … Read more
A large quantity of $EIGEN tokens, approximately worth $3.18 million, has recently been transferred to Binance, the largest cryptocurrency exchange in the world by volume. A “whale,” or significant holder of cryptocurrency, moved the tokens into the exchange, while previously two months prior, the same whale withdrew 2 million $EIGEN tokens—then substantially higher in price … Read more
In an unprecedented and unexpected twist, Elon Musk just recently switched up his social media name on platform X (formerly Twitter) to “Harry Bōlz,” and the effect was instantly felt across the crypto space. Musk’s profile update seemed pretty harmless but had an enormous ripple effect on this meme coin that was already on the … Read more
Chun Wang, a principal player in the cryptocurrency mining and staking industry, and a co-founder of major blockchain infrastructure companies F2Pool and Stakefish, has further cut his position in Lido DAO (LDO). Wang sold 500,000 LDO tokens for 807,412 USDT at an average price of $1.615. This recent sale is part of a larger ongoing … Read more
FTX and its affiliate Alameda Research have done it again: another monthly redemption and transfer of a sizeable chunk of Solana (SOL) tokens. In the most recent episode, they redeemed 184,162 SOL—worth approximately $37.73 million—from FTX’s pledged assets. They then sent it out across 23 different addresses.These redemptions are part of a series of regular … Read more
A DeFi project named WLFI, backed by the Trump family, has undertaken some aggressive moves in the cryptocurrency space. In what can only be described as a strange twist in the world of politically motivated cryptocurrency projects, WLFI is making waves in the crypto space by spending the equivalent of $308.7 million buying up a … Read more
The $LAYER token airdrop project, which is associated with Binance’s HODLer initiative, has potentially been linked to the market-making firm Wintermute. If true, this would obviously be a very big story for both the Solayer team behind the $LAYER token and for Wintermute. But for the rest of us, it raises two very big questions. … Read more
The token was launched on pump.fun by 8chan’s former site administrator who announced it on Tuesday. Memecoin Hype Attracts 8chan Crowd Ronald Watkins, former administrator of controversial site 8chan, an online forum banned by service providers like Cloudflare for hosting child porn and publishing manifestos for at least three mass murderers who killed a total … Read more