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A previously dormant wallet that is associated with the Uniswap protocol has suddenly come back to life, moving a staggering 9 million UNI tokens, worth around $47.5 million, into Coinbase Prime. This transfer, which marks the first activity in this particular wallet in over 4.5 years, has sent ripples through the crypto community. And rightfully … Read more
A Federal Reserve survey naming the trade war and U.S. debt as the economy’s top threats has prompted veteran investor Clem Chambers to warn of an overlooked supply-chain squeeze that could jolt markets. Inflation Time Bomb: Fed Printing Could Send Prices Soaring, Says Chambers Chambers, chief executive of Online Blockchain, told Kitco News Anchor Jeremy … Read more
On April 12—just over two weeks prior—expectations surrounding a potential cut to the federal funds rate were in flux, with markets assigning a 39.8% probability that the U.S. Federal Reserve would lower the rate by 25 basis points. Fast forward to seven days ahead of the next Federal Open Market Committee (FOMC) gathering, and that … Read more
Earlier today, an on-chain movement of 1.5 million UNI tokens—valued at approximately $8.12 million—was observed. This transfer was not from any old crypto wallet to another but from a venture capital firm in the crypto world to an upstart in the decentralized finance (DeFi) scene. And even better, this movement of tokens is perfectly in … Read more
In a possibly substantial change for the cryptocurrency market’s sentiment, on the Binance exchange, spot buying volume has for the first time in more than six months outpaced spot selling volume. This trend reversal, if it holds, could be a signal for a turn in the broader digital asset market, given that Binance is the … Read more
The business intelligence firm MicroStrategy, transformed into a Bitcoin powerhouse, has once again made headlines with a huge Bitcoin acquisition. Once again, under the direction of Executive Chairman Michael Saylor, the company purchased a large tranche of Bitcoin—15,355 BTC, to be exact—last week, at an average price of $92,737. So, once again, the company’s status … Read more
Canada’s Conservative party leader Pierre Poilievre was poised to win the election by a landslide, until U.S. President Donald Trump threatened to annex the country. Mark Carney Assumes Power After Trump Took Center Stage in Canada’s Federal Election Mark Carney, the shadowy former governor of Canada’s central bank, was elected as Prime Minister on Monday … Read more
In a truly surprising development over a year after the Bitrue crypto exchange hack, analysts of blockchain technology have seen the stolen funds moving around. The funds—stolen from the crypto exchange Bitrue in April 2023—are supposedly worth in the neighborhood of $23 million. They had largely lain dormant in the hackers’ wallets but are now … Read more
The 1inch Investment Fund has initiated a capital reallocation—this time relocating from Bitcoin-backed assets into 1INCH tokens. When it comes to what this might mean, there seem to be two potentially significant takeaways: 1. The fund might believe 1INCH is undervalued. 2. If the fund otherwise believes in the value of WBTC, this capital reallocation … Read more
Tether has extended its foothold in the stablecoin space, this time on the Tron blockchain. The stablecoin issuer has added another $1 billion worth of USDT on the Tron network, ramping up Tether’s AUM on the blockchain to an all-time high of $71.7 billion. USDT on Tron now constitutes nearly half of the total Tether … Read more