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In a recent development, UNI whales are suspected of offloading nearly 470,000 UNI tokens bought just a month ago. If sold, these whales stand to incur a loss of $370,000. The whale had initially acquired 469,177 UNI tokens at an average price of $10.53 between May 26 and June 4. On June 6, they sold … Read more
The Bitcoin market is currently in an intriguing position, with the average coin still showing a 2x gain, despite most short-term holders being underwater. Several volatility measures are also showing significant compression, indicating that a larger move could be imminent. The #Bitcoin market is in an interesting spot, with the average coin still up 2x, … Read more
Layerzero has integrated with Flare, a layer one (L1) blockchain, to connect it with 75 other blockchains. This integration aims to broaden the scope of decentralized applications (dapps) and improve data sharing across networks. Flare and Layerzero Partnership Aims to Enhance Dapp Accessibility According to an announcement shared with Bitcoin.com News, this integration represents an … Read more
According to reports, the Bittensor (TAO) blockchain was paused due to the depletion of funds from several wallets. The final block was processed 14 hours ago, and the network is now in safe mode, as stated by the Opentensor Foundation. TAO Network Paused for 14 Hours Due to Massive Wallet Thefts At 9:47 p.m. EDT … Read more
Polkadot’s financial report for the first half of 2024 revealed expenditures of $87 million (11 million DOTs), with $37 million dedicated to marketing efforts. This substantial spending has drawn criticism from the community, who argue that the returns have not justified the costs. At the current rate of expenditure, Polkadot’s funds are projected to last … Read more
Pendle, a prominent DeFi protocol, has seen a dramatic 40% decline in its total locked value (TVL) over the past week. Since Wednesday, users have withdrawn nearly $3 billion, reflecting a noticeable decrease in interest in restaking airdrops. This decline is further compounded by the imminent conclusion of Renzo’s points program at the end of … Read more
Coinbase, the largest cryptocurrency exchange in the United States, has reportedly submitted filings to the Commodity Futures Trading Commission (CFTC) to list $LINK contracts under a self-certification model. This move signifies a significant step for the exchange, with the launch scheduled for July 15. Coinbase, the largest cryptocurrency exchange in the United States, submitted filings … Read more
Bitcoin activity is on the rise, with the number of active BTC addresses surpassing 900,000 yesterday, reaching levels not seen since mid-April. This peak is part of a broader trend, with activity steadily increasing since early June. Bitcoin activity is on the rise! The number of active $BTC addresses crossed 900k yesterday, hitting levels not … Read more
Donald Trump’s prospects of winning the 2024 election have risen, with the prediction market Polymarket reporting his odds at 66% as of July 2, 2024. Meanwhile, a wager worth $294 million indicates that incumbent President Joe Biden’s chances stand at 18%. Trump Favored Over Biden in 2024 Election According to Prediction Markets The Polygon-powered prediction … Read more
Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we examine the opportunity for cryptocurrency in Bolivia after the central bank unbanned it from its financial system and how the citizens might leverage these new tools to alleviate the deficiencies of traditional … Read more