Coinbase-incubated Layer 2 network, Base, has outpaced Solana in daily token launches over the past two weeks. Zora and Farcaster have significantly boosted Base token creation, pushing its daily launches above that of Solana’s. Token Launch Frenzy The data shared by CryptoRank revealed a dramatic shift beginning in July, when Base first surpassed Solana in…
The hottest month of the year also saw some of the hottest climbs for the largest digital asset, which reached unseen territories driven by global demand. The market is naturally cooling after a month of events, and speculation about the next direction is high. Here’s CryptoQuant’s take on why BTC dipped at the end of…
Over the past three weeks, bitcoin (BTC) has been testing its local range lows near $115,800. Unfortunately, it gave way over the weekend, and the leading cryptocurrency fell to $112,000. Interestingly, altcoins followed suit, seemingly abandoning the bullish momentum they had ridden during this altseason. This raises the question of whether this decline is just…
Ethereum exchange-traded funds (ETFs) have experienced the largest outflow ever, with the products bleeding $465 million in one day. This movement marks a major reversal from the momentum seen last month in the Ethereum ETF market. Record $465M Daily Outflow According to data from SoSoValue, on August 4, outflows from spot ETH ETFs exceeded $465…
The self-proclaimed crypto President said minutes ago that he probably won’t run for a third term, even though the US Constitution clearly says he is not even allowed to. Bitcoin’s price reacted immediately to many of his recent remarks, including some on trade deals, and dropped by over a grand and a half. BTCUSD. Source:…
Ethereum’s Open Interest (OI) on Binance has surged to a record $8.7 billion, which indicates a significant increase in speculative positioning on the platform. This represents a dramatic rise compared to the 2021 bull market, when ETH traded at similar price levels but OI on Binance peaked at only $2.5 billion. Ethereum’s Market Is Heating…
Hester Peirce, aka ‘Crypto Mom,’ made the remarks in a speech on “Financial Privacy in the Digital Age” at the Science of Blockchain Conference on Monday. Peirce used a “peanut butter and watermelon” anecdote to illustrate the value of disintermediation or removing intermediaries from processes, in this case, finances. The pro-crypto commissioner was critical of…
The White House order will involve banks being fined if they drop customers for political reasons or discriminate against digital asset firms and organizations. The executive order directs bank regulators to investigate whether any banks or financial institutions might have violated the Equal Credit Opportunity Act, antitrust laws, or consumer financial protection laws, reported The…
For the first time in 15 weeks, digital asset investment products saw net weekly outflows $223 million. The week started on a high note as $883 million poured in. Momentum, however, reversed sharply following the FOMC’s hawkish stance and strong US economic data. Despite Friday’s weaker payroll numbers hinting at a more dovish Fed approach,…
One of the leaders in the liquid staking scene has undergone a cutback in its workforce necessary to fuel further development. It is unusual for such events to occur when the markets are booming, but it is sometimes inevitable. Toning Down for Sustainability One of the co-founders of the Ethereum staking protocol, Lido, Vasiliy Shapovalov, shared…