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Ethereum bounces above $1.2K, but derivatives metrics show traders fear a collapse
20.12.2022
Demand for leverage buying remains absent in ETH despite the recent bounce to $1,200 as the U.S. Federal Reserve continues to hike interest rates
$16K retest the most likely path for Bitcoin, according to 2 derivative metrics
19.12.2022
Top traders' long-to-short ratio and stronger demand for stablecoins in Asia indicate higher odds of further price correction
Donald Trump Trading Card NFTs Skyrocket in Value Despite Being Mocked for His ‘Major Announcement’
18.12.2022
After the former 45th president of the United States, Donald Trump revealed his non-fungible token (NFT) trading card collection, Trump’s NFTs sold out within hours after the announcement. Statistics from Opensea, three days after the sale, show that the Trump NFT trading card...
Solana Struggles to Remain in the Top 20 as Prior Ties to FTX and Alameda Wounded the Project
16.12.2022
Amid the market chaos within the crypto economy and following the climactic FTX collapse, the crypto asset solana has been one of the hardest hit during the last 30 days. Since FTX’s fallout, the digital currency lost 8.5% over the last month against the U.S. dollar and to date, it’s...
Ethereum rallies to $1,350, but derivatives metrics remain neutral to bearish
13.12.2022
Pro traders aren’t buying ETH’s recent rally to $1,350 and data shows they expect Ether price to retrace if Fed chair Powell takes a hawkish tone on Wednesday
Stats Show Ethereum Transaction Fees Have Remained Under $5 During the Last 175 Days
10.12.2022
Fees tied to the Ethereum network have been under the $5 region per transaction during the last 175 days, according to statistics. Metrics show that on Dec. 10, 2022, the average ethereum transfer is around 0.0023 ether or $2.87 while the median-sized gas fee is around 0.00097 ether or $1.23...
Interactive Brokers Group shares Electronic Brokerage Metrics
2.12.2022
Interactive Brokers Group recently shared its monthly performance metrics for electronic brokerage. The automated electronic broker had spoken about flat metrics in monthly turnover several weeks ago as well. The company was aiming to develop and integrate new policies, resulting in increased...
Binance Publishes Its Proof-of-Reserves System for Bitcoin Holdings, Additional Assets Coming Soon
25.11.2022
On Nov. 25, the largest cryptocurrency exchange in terms of daily trade volume, Binance, published its bitcoin proof-of-reserves (POR) system using The Merkle approach. At the time of writing, the snapshot provided by Binance shows the firm’s onchain reserves equate to 582,485 bitcoin, while...
Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value
21.11.2022
Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustment increase on Nov. 20, 2022, and the leading crypto asset dropping further in value against the U.S. dollar following FTX’s collapse. Statistics recorded this past weekend show that bitcoin’s...
Binance’s Bitcoin Reserve Stash Nears 600,000, Company’s BTC Cache Is Now the Largest Held by an Exchange
20.11.2022
While there’s been a lot of discussions concerning proof-of-reserves, self-custody, and the more than $5 billion in bitcoin and ethereum that left exchanges between Nov. 7 through Nov. 14, 2022, Binance’s bitcoin stash has grown significantly since Nov. 12. In fact, metrics from...
Goldman Sachs Launches Data Service to Help Investors Analyze Crypto Markets
6.11.2022
Global investment bank Goldman Sachs has launched a new data service in collaboration with MSCI and Coin Metrics to help investors analyze crypto markets. The new system is “designed to provide a consistent, standardized way to help market participants view and analyze the digital assets...
Brokers speak of flat metrics in monthly turnover
4.11.2022
Because enormous amounts of incentives are being dished out frequently to all of the interactive brokers involved in trading practices, one would imagine a very conducive scenario. However, unfortunately, that is not what the case is all about at present. LLC (NASDAQ: IBKR) was responsible...
Goldman Teams With MSCI and Coin Metrics to Create Digital Asset Classification System
3.11.2022
The new system will be called Datanomy, and seeks to give crypto participants a standardized way to view and analyze the digital assets ecosystem
2 metrics signal the $1T crypto market cap support likely won’t hold
31.10.2022
Despite the 8.5% weekly rally in cryptocurrencies, the lack of stablecoin premiums in Asia and futures markets activity shows buyers’ lack of confidence
A stablecoin's rise in market share has ignited the ‘Second Great Stablecoin War’
24.10.2022
Since Binance announced it would auto-convert USDC, USDP and TUSD into BUSD on Sept. 6, BUSD’s share of the total stablecoin market has risen from 10.01% to 15.48%
An Unknown Miner Commands More Than 51% of BSV’s Hashpower, Consecutive Strings of Empty Blocks Makes Chain Unreliable
23.10.2022
A single miner has managed to overtake a large portion of the Bitcoinsv (Bitcoin Satoshi’s Vision) blockchain capturing more than 80% of the hashrate on October 17. Today, the unknown miner’s hashpower commands around 54% of the Bitcoinsv’s computational power and during...
3 historically accurate Bitcoin on-chain metrics are flashing 'bottom'
21.10.2022
Key Bitcoin indicators tracking its market versus fair value, as well as long-term holders' confidence, hint at a market bottom formation
3 key Solana metrics explain exactly why SOL price is down
19.10.2022
SOL price is down 29% since August, and three key metrics suggest bulls are in no rush to return
BTC Ownership in Canada Rises Sharply in 2021, Bank of Canada Study Shows 13% of Canadians Own Bitcoin
15.10.2022
This week researchers from the Bank of Canada published the central bank’s Financial System Review which highlights five key statistics tethered to Canadian bitcoin owners. According to the Bank of Canada’s metrics, 13% of Canadians own the leading crypto asset bitcoin,...
Ethereum’s Average Gas Fee Jumps More Than 80% Higher Nearing $5 per Transfer
11.10.2022
26 days ago, Ethereum transitioned from a proof-of-work (PoW) network to a proof-of-stake (PoS) blockchain and after the change, the network’s fees remained low. This week, however, Ethereum’s gas fees have increased as data from October 10 shows the average fee tapped a high of $4.75...