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On Aug. 5, 2024, global crypto trade volume surpassed $200 billion, and current 24-hour statistics show approximately $148.26 billion in volume has been finalized the following day. Data reveals that Binance, the leading crypto exchange by trading volume, experienced inflows of $1.2 billion over the past day. Binance CEO Richard Teng noted that this “marks … Read more
A group of Democrat lawmakers, including Massachusetts Senator Elizabeth Warren, has penned a letter to Commodities and Futures Trading Commission (CFTC) Chairman Rostin Behnam, urging the agency to prohibit all forms of election-related gambling in the United States. This appeal is timely, as Polymarket, a blockchain-based platform for real-time prediction markets, has gained traction with … Read more
On Monday, unlike their ethereum counterparts, spot bitcoin exchange-traded funds (ETFs) witnessed outflows totaling $168.44 million. The primary contributors to this decline were three funds, with Grayscale’s GBTC taking the lead in outflows. 3 Leading Bitcoin ETFs Experience Major Outflows Grayscale’s Bitcoin Trust (GBTC) experienced a significant outflow of $69.12 million, bringing its total net … Read more
This morning, USDB, the stablecoin launched by Blast, experienced significant volatility, dropping over 5% to a low of $0.9421 before rebounding to approximately $0.9945. USDB Drama: Lessons from the Depeg USDB, the stablecoin launched by Blast, took a dive this morning, slipping over 5% to $0.9421 before bouncing back to around $0.9945. For those holding … Read more
$ENA is currently facing a challenging period, approaching the crucial $0.20 support level amidst persistent bearish trends. The situation looks particularly dire for one significant investor, Whale 0x118d5, who might incur substantial losses if they decide to sell now. The wallet 0x118d5 (icrypto.ai/wallet/0x11d85…) gradually withdrew 4.09 million $ENA from Binance around four months ago and … Read more
The Uniswap team has made significant deposits to Coinbase, recently adding 1.13 million UNI tokens worth $7.47 million. This follows a deposit of 1.19 million UNI ($9.11 million) just seven days earlier. Since July 4, 2024, the team has deposited a total of 8.3 million UNI tokens, valued at $65.95 million, with an average price … Read more
Memecoin ($MEME) continues to be one of the weakest crypto assets, a trend that becomes especially apparent on days like today. An early pre-sale investor recently deposited 127.5 million $MEME, valued at $1.55 million, to Binance just an hour ago, earning a staggering $1.41 million profit. A Memecoin pre-sale investor deposited 127.5M $MEME($1.55M) to #Binance … Read more
In July 2024, TRON experienced significant growth across multiple metrics, showcasing its continued dominance in the blockchain space. Fees and revenue saw a 12.1% increase, while TRX market data indicated positive trends. The network recorded over 212 million transactions and welcomed 6.7 million new addresses, underscoring TRON’s robust user engagement. TRON Income Statement For July, … Read more
The GMT fund-raising address has made a notable move after a four-month hiatus. Between March 25 and March 29, this address transferred $74.71 million worth of GMT from Binance, representing 11.63% of the total circulating tokens at that time. This action propelled the coin’s price up by 34%, from $0.2989 to $0.4006, marking its highest … Read more
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador proposes using crypto as a tool to complete international settlements with Russia, Argentina registers its first bitcoin-funded company, and the Polymarket Venezuelan presidential election bet is still undecided. Russian Diplomat: El … Read more