The Bitcoin market is always on the lookout for the movements of whales, as their large-volume transactions have the potential to influence the price. Recently, on-chain data has revealed the awakening of a particular Bitcoin whale after a three-year slumber. This whale, which had been inactive since 2020, made its presence felt by moving 5,000
Bitcoin
The landscape of ETH staking has witnessed a significant shift, with prominent crypto exchange Coinbase rising to become the second-largest ETH staking entity. Chinese reporter Colin Wu reveals that according to a report from Dragonfly data scientist hildobby, Coinbase currently holds 3.873 million staked ETH, representing a substantial 14.1% of all staked ETH. This development
Binance, the largest crypto exchange globally, has just released its 11th reserves report, and the numbers are astonishing. In the past month, Binance’s XRP holdings have seen a significant increase. This can be attributed to reports of investors depositing XRP into exchanges during this period. According to Binance’s Proof of Reserves report, the exchange now
Solana (SOL), a layer 1 proof-of-stake blockchain, has recently unveiled version 1.16, bringing a significant upgrade to its user privacy features. The new update introduces “Confidential Transfers,” which involves encrypted Solana Program Library (SPL) token transactions. Unlike traditional anonymity solutions, Confidential Transfers prioritize confidentiality, ensuring that user data remains private. With the majority of Solana’s
In the fast-paced world of cryptocurrencies, Ethereum (ETH) and Solana (SOL) have been two prominent players. Over the past two years, Ethereum has taken the lead, outperforming Solana in the weekly chart. However, according to a technical analyst known as “CryptoGodJohn” on X, this trend might be about to change. The analyst suggests that the
Bitcoin has shown signs of weakness in recent days as it struggles to maintain its rally. Analysts are closely watching a critical level that the cryptocurrency needs to conquer if it wants to regain momentum in the market. This level is known as the short-term holders’ cost basis or the realized price. In this article,
The recent launch of futures-based Ethereum (ETH) exchange-traded funds (ETFs) left much to be desired, as the trading volumes fell short, indicating a limited demand for ETH exposure. While prominent asset management firms like ProShares, VanEck, and Bitwise Asset Management entered the market with these ETFs, they are faced with fierce competition and the need
Optimism (OP) has experienced significant gains in recent trading, with a notable 5% increase in the last 24 hours. This rise in price coincides with the overall improvement in the cryptocurrency market, which is showing signs of recovery. Over the past seven days, OP’s price has surged by an impressive 15%. While these developments are
In a shocking turn of events, the notorious FTX exploiter has resurfaced after being dormant for ten long months. Recent on-chain data reveals that an address associated with the exploiter became active, and in the past 24 hours alone, over $17 million worth of Ether tokens have been moved. This comes as a continuation of
The asset management firm Valkyrie, which has been considered one of the frontrunners for the first Ethereum exchange-traded fund (ETF) in the United States, recently decided to pause its purchase of Ether futures contracts. This decision comes in light of the firm’s strategy to wait for the approval of an Ether futures ETF by the
