Data points to Ethereum price making a short-term rally to the $3.2K level
ETH’s onchain and derivatives data are looking stronger even as macroeconomic data remains concerning. Go to Source
Onchain
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Coinbase Launches New Wallet Web App to Streamline Onchain Activity
San Francisco crypto firm Coinbase has introduced a new web application for its wallet, designed to provide users with a unified platform for managing onchain assets. The application aims to simplify the experience for users by offering a comprehensive view of their crypto holdings across various wallets and chains. Coinbase Unveils Web App to Bolster … Read more
Fidelity, Sygnum partner with Chainlink to bring NAV data onchain
The partnership will make the Net Asset Value of Fidelity’s $6.9 billion Institutional Liquidity Fund accessible onchain in real time. Go to Source
Ethereum futures markets suggest rally to $3.7K is highly unlikely
Analysts warn that a spot ETH ETH approval might not produce the bullish price outcome that many traders expect. Do futures markets agree? Go to Source
German Law Enforcement Transfers $425M in Bitcoin From Seized Funds
Onchain data reveals that an entity likely tied to Germany’s Federal Criminal Police Office (BKA) transferred 6,500 bitcoin, valued at approximately $425 million, on June 19. Arkham Intelligence identified the address on Jan. 31 through its onchain monitoring systems. German Authorities Transfer Seized Bitcoin About four months ago, Arkham Intelligence announced on the social media … Read more
Worldwide searches for ‘onchain’ on Google hit all-time high
“The learning phase is over. A new era is coming,” says CryptoQuant CEO Ki Young Ju. Go to Source
Kucoin’s Legal Woes Spark Massive $1.7 Billion Withdrawal, Onchain Data Reveals
After the Kucoin indictment on Tuesday, subsequent onchain data from Nansen indicates that, to date, $1.7 billion in funds have been withdrawn from the exchange. Crypto Assets Worth $1.7 Billion Pulled From Kucoin Since the Department of Justice (DOJ) accused Kucoin and its founders of breaching the Bank Secrecy Act and anti-money laundering regulations, there … Read more
Bitcoin investor sentiment slumps to a new low, even as macro and equities show improvement
Three key Bitcoin price indicators explain why BTC price continues to fall toward new lows. Go to Source Powered by WPeMatico
Bitcoin ETF hopium fades as on-chain and futures data reflect traders’ muted activity
BTC price soared on investors’ ETF hopes, but on-chain and derivatives metrics indicate a limited inflow of new investors Go to Source Powered by WPeMatico
Bitcoin’s Ordinal Inscriptions Surpass 7 Million Mark, Fueling the Trend’s Unstoppable Momentum
On May 15, 2023, the number of Ordinal inscriptions surpassed the 7 million mark and as of 9:00 a.m. Eastern Time on Tuesday morning, 7,204,882 Ordinal inscriptions have been added to the Bitcoin blockchain. Miners have collected 1,324 bitcoin in fees by confirming inscription transactions which equate to roughly $35.86 million in added onchain fees. … Read more