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German Government Moves 1,205 Bitcoin Amid Price Fluctuations

8.7.2024
According to onchain metrics, the German government has transferred an additional 1,205 bitcoin valued at $68.9 million. The funds were distributed to multiple addresses, including Coinbase and Bitstamp. Germany Divests Another $68 Million in Bitcoin As of 7 a.m. EDT on Monday, the German...

Grayscale Ethereum Trust Hits Premium for First Time Since 2021

5.7.2024
Grayscale’s Ethereum Trust (ETHE) has shifted from a discount to a premium in its net asset value (NAV) for the first time since November 2021, as reported by ycharts.com metrics. This adjustment comes just before the expected debut of spot ether exchange-traded fund listings expected...

Kucoin to Implement 7.5% VAT on Transaction Fees for Nigerian Users

5.7.2024
Nigeria-based KuCoin users will begin being levied a 7.5% value-added tax (VAT) on transaction fees starting on July 8. Some observers believe that Kucoin’s decision to implement this tax is intended to enhance its chances of securing an operating license. A Lagos-based crypto industry player...

Bitcoin’s Daily Mining Revenue Dollar Value Plummets to Historic Low

4.7.2024
Bitcoin’s hashprice, or the anticipated value of 1 petahash per second (PH/s) of hashing power per day, has plummeted to a historic low. According to Luxor’s hashprice index, at 6 a.m. EDT on July 4, 2024, the price per petahash dropped to $44.842 per PH/s. The dollar value of daily...

Unlocking Value: Fair Price Discovery, the Role of Market Makers

30.6.2024
Getting a token from inception to market is no mean feat and more often takes years of planning and commitment. Achieving fair price discovery and stability requires just as much commitment and energy. Generally speaking, market makers categorize the token pricing journey into four main phases:...

Barstool’s Dave Portnoy Plans Major BTC Buy if Price Drops to $40,000

28.6.2024
American businessman Dave Portnoy, the founder and owner of Barstool Sports, announced that if bitcoin drops to the $40,000 range, he will invest $5-10 million worth of BTC using Barstool funds. Portnoy stated that while he personally owns BTC, he wouldn’t use Barstool money to buy at...

US Bitcoin ETF Inflows Reach $21.52M as FBTC and GBTC Lead Gains

27.6.2024
U.S. spot bitcoin exchange-traded funds witnessed a second day of inflows as they captured $21.52 million on Thursday. The leader in terms of gains was Fidelity’s FBTC led the pack with a $19 million increase. Modest Inflows for Bitcoin ETFs on Thursday With Fidelity’s FBTC Leading...

Top 10 TON Chain Coins Reach $20 Billion in Combined Value

24.6.2024
Over the past month, toncoin (TON) has appreciated by 18.4% against the U.S. dollar, achieving a new all-time high last week. Current data indicates that the top ten TON chain coins, including TON, have a combined value of more than $20 billion. Gaming and Meme Tokens Drive TON’s Market...

Bitcoin’s Power Law Model Gains Traction Despite Market Fluctuations

23.6.2024
In 2020 and early 2021, the stock-to-flow (S2F) bitcoin price model captured widespread attention. Although bitcoin currently stands over 13% below its peak value reached in March, the Power Law Corridor model has become increasingly influential. Many hold the view that the Power Law model’s...

NFT Market Slump: Cryptopunks and Bored Ape Values Plummet Over 90 Days

19.6.2024
Based on statistics from the past three months, the non-fungible token (NFT) collections Cryptopunks and Bored Ape Yacht Club (BAYC) have seen a notable decrease in value. On March 17, 2024, the floor value of Cryptopunks was approximately 49 ether, but 90 days later, it dropped to 25.45 ether....

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