The blockchain analytics firm Glassnode shared its weekly report, which features various key metrics and on-chain data related to the leading cryptocurrency. Spot Metrics The spot price rebounded strongly over the past week, after re-testing the sub-$114,000 level and climbing back towards $121,000. This brought momentum back into the spot market, with several sectors showing…
The oldest bank in the United States will become the primary manager of a fund for digitized treasury bills, spearheaded by a prominent RWA tokenization platform. The entity has already achieved several notable milestones and advancements in the DeFi space, and this latest accomplishment is another testament to their commitment. A Modern Twist to Treasury…
One of the most prolonged cases in the crypto world surrounding the infamous Terra has finally seen its former head accept responsibility for his crimes. Court documents reveal the magnitude of the offences, and hopefully, this can bring some peace to the affected. Owning Up to the Wrongdoings The U.S attorney for the Southern District…
It all seems to be going Ethereum’s way for the past few months, as the asset has notched another impressive daily run that has taken it to a new multi-year peak. On its way up, ETH has left bears in disbelief as the total value of liquidated shorts has skyrocketed to over $250 million on…
Bitcoin’s open interest (OI) on Binance has climbed to approximately $13.7 billion, and is nearing the mid-to-late July highs. Such a reading points to increased speculative activity in the market. All-Time High Open Interest The latest data shared by CryptoQuant shows that the rise in OI is occurring alongside a price rebound, which indicates the…
A new functionality is being introduced to the Etherlink ecosystem, which is built on top of Tezos’ rollup technology, that aims to expand the use cases. New Capabilities Shared to CryptoPotato via a news release, the creators behind Stacy.fi, a staking platform built on the Tezos blockchain, have introduced stXTZ, a liquid staked version of the native…
Bitcoin’s derivatives market is flashing its loudest warning signal in five years as traders pile into highly leveraged positions. According to analyst Axel Adler Jr., August’s 30-day change in the Estimated Leverage Ratio (ELR) went above +0.4 for the first time since 2020, a level that has historically come before periods of volatile price moves…
Bitcoin dominance has fallen to its lowest level since January, dropping this week as Ethereum approaches its all-time high. The metric, which measures Bitcoin’s crypto market share, has been trending downward since late June when Ether started to wake up. Since then, it has declined by 10% sparking renewed calls for altseason, which usually comes…
Ether prices have surged to their highest levels for almost four years, tapping $4,625 during Asian trading early on Wednesday morning. The asset has continued to build momentum and is now up a whopping 54% over the past month and 27% over the past week. Meanwhile, the latest move has taken it to within 5.3%…
Bitcoin maintained its role as the market’s anchor asset in July, to a fresh record of $123,000. Its performance, however, coincided with a notable change in market structure as investor capital flowed aggressively into altcoins. According to Binance Research’s market insights shared with CryptoPotato, Bitcoin’s dominance fell by 5.2% to 60.6%. During the same period,…