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Binance’s Trading Volume Soars with FDUSD Stablecoin Pairs Leading the Charge
15.2.2024
The trading pairs involving First Digital USD (FDUSD) have seen a surge in trading volume on Binance, reaching its highest share ever in spot trading volume on the exchange. On February 12, FDUSD pairs accounted for 38% of Binance’s total spot trading volume, marking a substantial 42.6%...
Ethereum Restaking Draws $4.4 Billion to EigenLayer Amid Surging Interest
14.2.2024
Over the past 10 days, EigenLayer witnessed a major increase in inflows, receiving over $4.4 billion with its Ethereum restaking feature as a key contributor. According to data from DefiLlama, there is now $1.93 billion worth of wrapped ether tokens locked on the protocol, as well as $2.73 billion...
Crypto.com Applies For Crypto Exchange License With Hong Kong SFC
14.2.2024
Crypto.com, the US-based cryptocurrency exchange, has thrown its hat into the ring for a license to operate in Hong Kong. The company submitted an application to the Hong Kong Securities and Futures Commission (SFC) on February 9th, seeking approval to operate as a virtual asset trading platform...
Spot Bitcoin ETFs Contribute 5% of Crypto Trading Volume on Robinhood: CFO
14.2.2024
Robinhood on Tuesday revealed that about 5% of its total crypto trading activity originates from recently introduced spot Bitcoin ETFs. The remaining 95% still stems from spot trading conducted within the platform’s crypto division. During the quarterly earnings call, CFO Jason Warnick said...
Bitcoin Price Prediction as BTC Eyes Surpassing Meta in Total Market Cap – $1 Million BTC Incoming?
14.2.2024
As of Wednesday, Bitcoin’s trading value slightly declined to $49,540, marking less than 1% decrease. This fluctuation comes amidst a backdrop of significant developments within the crypto space and broader financial markets. Notably, recent reports from the Financial Crimes Enforcement...
28.2% of Data Requests Originated from U.S. Agencies in 2023, Kraken Says
13.2.2024
Crypto exchange Kraken published a report today detailing the data requests it received from official bodies last year. In a blog post, the exchange revealed that it had received a total of 4923 data requests in 2023, with U.S. agencies accounting for 1393 of those requests. Stay in-the-know with...
Historic Inflows: Spot Bitcoin ETFs Attract Over $1 Billion in a Single Week
13.2.2024
The recent US SEC-approved Bitcoin ETFs collectively netted $1.1 billion in inflows last week, according to a new report by European crypto asset manager CoinShares. Total inflows into spot Bitcoin ETF products now amount to $2.8 billion since they hit the market on January 11. Institional hoarding...
Coinbase-Backed Crypto PAC Launches Advertising Campaign Against California’s Senate Candidate Katie Porter
13.2.2024
A new super PAC backed by major cryptocurrency players, including Coinbase, has launched a multimillion-dollar advertising campaign aimed at crushing Representative Katie Porter, a Democrat running in the California Senate primary. The super PAC, Fairshake, along with its affiliated groups Protect...
Two Russian Crypto Mining Centers Shut Down, 400+ Rigs Taken Offline
13.2.2024
Russian crypto mining efforts suffered a setback last week, with police closing two large, illegal data centers. In total, officers said they took over 400 crypto mining rigs offline in raids in Siberia and the republic of Dagestan. Russian Crypto Mining Still in Regulatory ‘Grey Zone’...
CoinList to Acquire FTX’s Digital Custody Subsidiary in Cut-Price Deal
11.2.2024
The FTX Debtors estate, under the leadership of CEO John Ray III, has initiated the process of selling Digital Custody Inc. (DCI) to CoinList. FTX had previously acquired the subsidiary in two separate transactions, one in December 2021 and the other in August 2022, for a total of $10 million....
Solana Price Prediction as TVL Crosses $1.8B for First Time Since 2022 – What’s Next for SOL?
9.2.2024
The total value locked (TVL) on the Solana network has crossed $1.8 billion for the first time since 2022, according to data on DeFiLlama. Activity on Solana has been steadily rising since the end of last year, but the blockchain is still way off its all-time high (ATH) of $10.03 billion TVL,...
DeFi Platform Pendle Nears $1B in Total Value Locked
9.2.2024
Pendle crossed the $100 million TVL mark in mid-June 2023
New BTC ETFs Hold Over 178,000 Bitcoin, Drain Massive Liquidity From Market
9.2.2024
TDLR: Nine ETFs have collectively accumulated a total of 177,949 Bitcoin BlackRock and Fidelity Dominate with Nearly 75% GBTC Bitcoin Reserves declined but still hold a higher number of BTC than all the nine funds combined According to recent reports, the nine new spot Bitcoin ETFs, which were...
Trader Nets $1.6M on WEN’s 500% Upsurge – Could Galaxy Fox Outperform?
9.2.2024
$WEN is a new meme coin on Solana, generating buzz and significant community interest after 70% of its total supply was airdropped to over one million wallets. A smart investor capitalized on the heightened attention around the meme coin, amassing about $1.60 million profit in 14 hours. While $WEN...
SUI Records All-Time Peak with 98% Monthly TVL Jump: Render Competitor Gains Attention in Crypto World
8.2.2024
Sui (SUI) is one of the best altcoins to invest in right now, as it recently surpassed a major milestone when tokens set a new high at $1.65. That takes its price growth in the past month to 88%, with its total locked value increasing by 98%. Sui’s ecosystem aims to make digital asset ownership...
Spot Bitcoin ETFs See Over $1 Billion in Daily Trading Volume, BlackRock’s IBIT Outshines
8.2.2024
Spot Bitcoin (BTC) exchange-traded funds (ETFs) have seen their total daily trading volume exceed $1 billion on Wednesday, with BlackRock emerging as the top performer. In a recent post on X, Bloomberg Intelligence analyst James Seyffart highlighted the standout performance of BlackRock’s...
MicroStrategy Bolsters Crypto Holdings with 31,755 Bitcoin Purchase in Q4 2023
7.2.2024
MicroStrategy has announced the purchase of 31,755 Bitcoin at a cost of $1.25 billion in Q4 2023, increasing the company’s total Bitcoin holdings to 190,000 units. MicroStrategy’s Fourth Quarter 2023 Financial Results report detailed the extensive acquisition and demonstrated...
DeFi TVL Reaches $60 Billion, Highest Level Since August 2022
6.2.2024
The decentralized finance (DeFi) sector is experiencing a surge in popularity, with the total value of tokens (TVL) deposited on DeFi-focused blockchains reaching $60 billion. This marks the highest level since August 2022, according to data provider DeFi Llama. The recent increase in TVL can...
Inflows of US Digital Asset ETFs Hits Total of $7.7B in Four Weeks
5.2.2024
Digital asset management funds are still on a record rise. So far, the crypto-backed investment products have recorded $7.7 billion in total inflows in the US, according to a February 6 CoinShares report on crypto-backed investment funds. CoinShares Head of Research James Butterfill shared...
Grayscale’s GBTC Bitcoin Holdings: A $6 Billion Exodus in 22 Days
3.2.2024
According to data, Grayscale’s Bitcoin Trust, GBTC, recently released another batch of bitcoin valued at $184.19 million. GBTC’s holdings decreased from 482,592.18 bitcoin to the current 478,337.43 bitcoin in just one day, marking a reduction of 4,254.75 coins. Since Jan. 12, 2024...