The consensus in the crypto market is that the ongoing ether (ETH) rally, which has extended to other altcoins, is driven by capital rotation from bitcoin (BTC). However, on-chain data obtained by CryptoQuant has proven that the information is false. According to a report by CQ’s analyst Carmelo Aleman, fresh inflow from investors is driving…
Bitcoin’s recent attempt to reclaim the $120,000 mark is facing new headwinds after Binance witnessed one of the largest single-day miner deposit spikes in months. According to a report by CryptoQuant analyst Amr Taha, on July 25, miners sent over 18,000 BTC, worth more than $2 billion, to the exchange. The move coincided with a…
On Tuesday, the SEC approved orders to permit in-kind creations and redemptions by authorized participants for crypto asset ETFs. The orders approved “reflect a departure from recently approved spot Bitcoin and Ether ETPs, which were limited to creations and redemptions on an in-cash basis,” the Commission stated. With today’s approval orders, crypto ETFs will be…
CEA Industries Inc., a Canadian vape company, saw its stock surge by 550% following its pivot into digital assets. The entity announced it had priced an oversubscribed and upsized PIPE financing round, backed by 10X Capital and YZi Labs, in a bid to transform into a BNB-focused treasury vehicle. BNB Treasury Move In an official…
The flagship product will enable customers to make advanced purchases of cryptocurrency in markets with lower volatility. There will be several possible scenarios for placing orders, all of which are supposed to work in the user’s favor. Pre-Order Your Crypto In a press release shared with CryptoPotato, Binance, the company behind one of the largest…
CoinDCX CEO Sumit Gupta has refuted rumors of a potential $900 million purchase of the platform by Coinbase. The development follows a $44 million crypto hack that affected the Indian exchange two weeks ago. $900M Coinbase Deal On Monday, an Indian news outlet reported that Coinbase was in “advanced discussions” to acquire CoinDCX. Citing two…
The US Securities and Exchange Commission has acknowledged BlackRock’s filing about allowing investors in its flagship Ethereum ETF to stake their assets. Although this development doesn’t guarantee an official approval of the filing, it’s still a big step in the right direction. NEW: U.S. SEC ACKNOWLEDGES BLACKROCK’S FILING TO ALLOW STAKING IN ITS SPOT $ETH…
Bitcoin’s recent record-setting rally has triggered a notable shift in investor behavior, with long-term holders (LTHs) now offloading their stash, marking a potential inflection point in the market. On-chain data shows that LTHs, who typically hold Bitcoin for more than 155 days, have shed 52,000 BTC since the price reached its latest peak. Long-Term Holders…
The blockchain oracle company Redstone, which feeds data across hundreds of chains and rollups, has introduced a product designed to limit losses. It will be fueled by FastLane Labs’ Atlas, an execution abstraction protocol for securing on-chain apps. Instantaneous Results In a press release shared with CryptoPotato, Redstone, a modular oracle infrastructure for on-chain finance, announced the…
Over the past few weeks, crypto investors have been rotating their capital from bitcoin (BTC) into altcoins. That trend has not stopped. In fact, the market is witnessing a growing risk appetite among traders. According to a weekly report by the crypto exchange Bitfinex, this trend is also evident in open interest ratios. Investors are…