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The new accounting update could be a boon for firms seeking bitcoin corporate treasuries. New Accounting Standard Recognizes Crypto Gains An accounting standard that addresses the fair value of crypto assets went into effect yesterday and may have a positive impact on companies seeking to establish bitcoin (BTC) treasuries by allowing firms to report both … Read more
The Synonym CEO suggested the change via a Bitcoin Improvement Proposal (BIP) last week. Longtime Bitcoiner Seeks to Redefine Bitcoin Units John Carvalho, CEO of Bitcoin software company Synonym wants to do away with the idea of “satoshis” or “sats” – the smallest units of bitcoin (BTC). Each bitcoin is made up of 100 million … Read more
Base, driven by SocialFi narratives, AI innovations, and the power of memes, has emerged as a standout performer among Layer 2 (L2) chains. Its growth trajectory is backed by exceptional performance across several key metrics, positioning it as a serious contender in the L2 ecosystem. DEX Volume and TVL Growth Base dominates decentralized exchange (DEX) … Read more
Chainlink (LINK) has surged past the $29 mark for the first time in over three years, sparking renewed enthusiasm within the crypto community. This price breakout is being fueled by a notable accumulation trend among large-scale holders, including whales and sharks. Over the past two months, wallets holding 100,000 or more LINK tokens have collectively … Read more
AAVE has surged past $300 for the first time in over three years, fueled by increased activity among key stakeholders. This rally comes amid a broader altcoin resurgence and highlights a significant drop in AAVE’s “Mean Dollar Invested Age.” This metric, which measures the average age of invested tokens, indicates that large holders are moving … Read more
Lombard Finance has achieved a remarkable milestone with its LBTC token, surpassing 13,000 in total supply. This accomplishment cements LBTC’s position as the largest Bitcoin Liquid Staking Token (LST) available in the market today. Introduced with a mission to bridge Bitcoin and decentralized finance (DeFi), Lombard Finance has quickly gained traction among users. In just … Read more
In 2024, Solana solidified its position as the premier blockchain ecosystem for attracting new developers, surpassing Ethereum, Aptos, Base, Bitcoin, Sui Network, NEAR Protocol, Polkadot, Polygon, and Starknet. Each of these ecosystems brought in over 1,000 new developers this year, but Solana stood out as the leader in innovation and growth. https://twitter.com/CryptoRank_io/status/1867549924570620151?t=8ul_RQzSFkPuvbIoKDTWfg&s=19 Beyond developer activity, … Read more
Bitcoin’s price surge is attracting a shift in capital flow, with long-term holders selling to short-term, FOMO-driven investors. This dynamic reflects a change in market sentiment as BTC approaches the $100,000 mark. Notably, Bitcoin whales’ unrealized profit ratio sits at approximately 1.2, signaling that the market is not yet overheated despite the rally. For comparison, … Read more
Ehereum’s weekly transaction fees have reached their highest levels since April, driven by a surge in DeFi activity and portfolio rebalancing following this week’s $100,000 Bitcoin retracement. This highlights the increasing demand for Ethereum’s network during volatile market conditions. Weekly Ethereum fees hit their highest levels since April, driven by significant DeFi activity and rebalancing … Read more
In a bold move, a major crypto whale has turned attention to $BEAM, spending 1,458 $WSTETH (worth $6.7 million) in the last 29 hours to acquire 189.55 million $BEAM tokens at an average price of $0.03515. This purchase is part of a broader $35.7 million spree that began on December 1, with investments in four … Read more