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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 Since Wednesday, users have withdrawn nearly $3 billion, reflecting a noticeable decrease in interest in restaking airdrops.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
Over the past seven days, data reveals that the German government has transferred 3,820 BTC to cryptocurrency exchanges, with around 2,165.49 BTC moved in the last eight hours. German Government’s Bitcoin Transfers Cause Stir A week ago, Bitcoin.com News reported that the German government’s wallet, containing bitcoins seized from a piracy website, held 47,179 BTC … Read more
Long-time bitcoin holders moved a total of 4,681.438 BTC, worth $294 million, from dormant wallets dating from 2010 to 2017. The most significant activity was from addresses created in 2016, with 2,442.302 BTC exchanged across 14 transactions. 4,681 BTC Moved From Long-Inactive Wallets While BTC faced considerable fluctuations in June, bitcoins from long-inactive wallets transacted … Read more
Despite recent market struggles, Dogecoin (DOGE) and Shiba Inu (SHIB) have remained stagnant, closely mirroring Bitcoin’s bearish trend with low on-chain activity. However, analysts foresee potential upside, predicting significant gains in the long run. Despite recent market struggles, Dogecoin (DOGE) and Shiba Inu (SHIB) remain stagnant. Their prices are closely tied to Bitcoin, reflecting a … Read more
$CRV has emerged as a focal point for smart traders, currently positioned strategically within the market’s entry zone. It has garnered significant attention, securing a top-three spot in the “Accumulated by Smart Money” list over the past 24 hours, earning it the coveted “Gem of SDT” label. Several notable wallet addresses have contributed to this … Read more