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PayPal’s stablecoin, $PYUSD, has rapidly carved out a robust ecosystem on the Solana blockchain. In just a short period, it has been seamlessly integrated into the DeFi landscape and is now widely available across major decentralized exchanges (DEXs). Over the past month, $PYUSD has seen a remarkable 21% surge in market capitalization, propelling its total … Read more
After a 10-month period of inactivity, the cryptocurrency whale known as 0x4a2 (“dimethyltryptamine.eth”) has returned to the market. The whale recently swapped 10 billion PEPE tokens, valued at $112,000, for 32.73 ETH at a price of $0.0000112118 per token. This move is notable as 0x4a2 was among the earliest adopters of PEPE, having begun trading … Read more
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
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 Since Wednesday, users have withdrawn nearly $3 billion, reflecting a noticeable decrease in interest in restaking airdrops.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
$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
$TRUMP, also known as MAGA Memecoin, has entered a downtrend channel as its price saw a decline following the recent debate day. Traders are describing this situation as the accumulation phase, where investors are strategically gathering assets at lower prices. $TRUMP @MAGAMemecoin is in the downtrend channel, but it’ll get of this soon.July could be … Read more