Transaction-related fees on Solana (SOL) surpassed $11 million on Oct. 24, marking a new all-time high, according to Blockworks Research data. The metric is called “real economic value” (REV), which includes transaction fees and MEV tips for validators. Solana has been dominating daily trading volumes in the decentralized finance (DeFi) ecosystem for 13 days straight,…
Polymarket CEO Shayne Coplan responded to a recent New York Times article that scrutinized the platform, clarifying key points about its non-partisan stance and transparency. The article described Polymarket as a “crypto website where election odds swing in… favor” of former President Donald Trump, which Coplan felt mischaracterized the company’s purpose and operations. In a…
Ethereum has significantly underperformed Bitcoin over the year, with the ETH/BTC ratio declining 58% from its 2021 peak of 0.086 to a recent low of 0.0365. In the last week, the pair exhibited high volatility, dropping 8% before sharply rebounding 3% to 0.0374 today. ETHBTC chart (Source: TradingView) Several factors contribute to Ethereum’s relative weakness.…
Microsoft shareholders are set to vote on a proposal to assess Bitcoin (BTC) as a potential corporate investment at the tech giant’s upcoming annual meeting at the end of the year, according to an Oct. 24 regulatory filing. The proposal, filed by a shareholder advisory board, calls for a detailed evaluation of the flagship crypto’s…
Denmark is proposing a new taxation model that would tax unrealized gains on cryptocurrencies at 42%, aligning digital assets with existing rules for certain financial contracts. This approach involves calculating gains and losses annually based on the change in the value of the taxpayer’s holdings, regardless of whether the assets have been sold. The taxable…
Ethereum co-founder Vitalik Buterin has unveiled the latest roadmap phase, “The Verge,” which proposes a groundbreaking shift in blockchain technology to make transaction verification possible on devices as small as smartwatches — something previously unimaginable. In a detailed blog post on Oct. 23, Buterin explained that “The Verge” combines two key innovations: stateless clients and…
Ethereum co-founder Vitalik Buterin has laid out further plans to improve the blockchain’s Proof-of-Stake (PoS) system through a new upgrade called “The Verge.” In a blog post published on Oct. 23, Buterin explained that while running an Ethereum node is technically possible on a standard laptop, the current system’s data requirements make it impractical for…
The Bank for International Settlements (BIS) has issued a cautionary report as traditional financial institutions accelerate their exploration of tokenization, raising concerns over governance, legal frameworks, and financial stability. Tokenization, which converts real-world assets (RWA) like property and securities into digital tokens, has drawn attention for its ability to streamline transactions and reduce costs. Mechanisms…
Ripple CEO Brad Garlinghouse has reaffirmed the company’s commitment to a bipartisan approach in supporting pro-crypto politicians ahead of the upcoming US elections. In an Oct. 21 post on X (formerly Twitter), Garlinghouse emphasized Ripple’s intention to collaborate with Democrats and Republicans in the final stretch of the election campaign to advocate for blockchain and…
Payments giant Stripe has acquired stablecoin platform Bridge for a total amount of $1.1 billion, more than 5x its $200 million valuation, according to an Oct. 21 annnouncement. The acquisition is part of Stripe’s plan to enter the stablecoin market. The announcement said the firms will focus on growing the adoption of stablecoins to make…
Bitcoin’s open interest has surpassed $40 billion for the first time, according to data from Coinglass. Total open interest reached 593,020 BTC, equivalent to $40.65 billion, marking a new high in the crypto derivatives market. Bitcoin open interest (Source: Coinglass) The Chicago Mercantile Exchange (CME) leads with an open interest of 180,750 BTC, valued at…
Ethereum co-founder Vitalik Buterin believes that the centralization of proof-of-stake (POS) poses a significant threat to Ethereum. POS centralization is where large stakers dominate and small stakers join large pools. Centralization increases the risk of problems like 51% attacks and transaction censorship. Additionally, there’s the risk of value extraction, where a small group benefits at…
After the Bitcoin halving took place in April, major Bitcoin miners have increasingly started choosing one of two strategies — either hodl the BTC they mine or gear up with artificial intelligence (AI). The BTC halving slashes the earings of miners by half every four years — a deflationary mechanism that also helps maintain the…
A total of 18 state attorneys general, including New York Attorney General Leticia James, urged President Joe Biden to declare Binance compliance officer Tigran Gambaryan a hostage of the Nigerian government in a letter on Friday. Gambaryan, a U.S. citizen, is also a former law enforcement officer, having served as a Special Agent with the…
Bitcoin (BTC) is set for a potential breakout as increasing institutional investment, growing miner holdings, and rising exchange-traded product (ETP) flows signal mounting demand, according to VanEck’s latest Bitcoin ChainCheck report. The report also highlighted that the growing influence of institutional adoption in the Bitcoin market has strengthened the correlation between ETP flows and BTC price.…
Bitwise CIO Matt Hougan said Bitcoin (BTC) is poised for a significant rally to a “six-figure” price amid a convergence of several key factors driving investor enthusiasm. In a social media post on Oct. 18, Hougan highlighted a surge in exchange-traded fund (ETF) flows, heightened by a reacceleration of investments into Bitcoin-based financial products amid…
Kraken has introduced a new wrapped Bitcoin product, kBTC, to tap into the rapidly expanding sector, according to an Oct. 17 statement. kBTC is a fully-backed, cross-network-compatible ERC-20 token representing Bitcoin. Each kBTC is backed 1:1 by an equivalent amount of Bitcoin, stored securely in Kraken’s custody, with on-chain reserves available for public verification. The…
The European Securities and Markets Authority (ESMA) has called on EU lawmakers to strengthen crypto regulations by mandating external cybersecurity audits for companies in the sector, the Financial Times reported on Oct. 16. This recommendation comes as the crypto industry faces an alarming increase in cyberattacks, which are putting consumer protections at risk. It is…
The crypto industry is playing a critical role in addressing the growing challenges in artificial intelligence (AI), according to a16z’s “State of Crypto 2024” report. As AI development becomes increasingly expensive and centralized, the report highlights how blockchain technology offers decentralized solutions that could make AI more accessible and equitable. The report highlighted that 34%…
Truth Terminal, an AI agent developed by researcher Andy Ayrey, has indirectly prompted the creation of the GOAT memecoin, which reached a market capitalization of $290 million, up 128% over the past 24 hours. The AI’s autonomous tweets about the “Goatse Gospel” spurred human actors to develop the memecoin, illustrating the complex interplay between artificial…
Bitcoin (BTC) could continue to rally as key on-chain metrics suggest that more upside is possible after clearing a critical resistance at $63,000, according to the latest edition of the “Bitfinex Alpha” report. Bitcoin hit a daily and local high of $66,288 on Oct. 14 following a blistering rally that reignited traders’ optimism about the…
World Liberty Financial, the DeFi project backed by the Trump family, has secured over 100,000 accredited US investors for its WLFI token presale whitelist, scheduled for Oct 15. The project is set to raise $300 million, with a projected valuation of $1.5 billion. Its launch comes just weeks before the US presidential election, in which…
Sonic Labs (formerly Fantom) cofounder Andre Cronje believes that developers should avoid using layer 2 (L2) app chains. Appchains are customized L2 blockchains designed to meet an application’s specific needs. In an X post, Cronje listed several disadvantages hindering the growth of appchains. These drawbacks include the high cost of infrastructure, fragmented liquidity, and lack…
The following is a guest post from J.D. Seraphine, Founder and CEO at Raiinmaker. In an era where technology advancements continuously reshape the landscape of our daily lives, mobile devices have emerged as an integral tool for driving connectivity. Growing hand in hand with this connectivity has been the public’s consciousness and concern for the…
The following is a guest post by Brendan Cochrane, Partner at YK Law LLP. Privacy coins, or cryptocurrencies with privacy-enhancing features designed to boost anonymity and reduce traceability, are at the heart of a brewing battle between personal financial freedom and government regulation. The future of anonymous transactions hangs in the balance. Privacy coins, which appeal…
The following is a guest post from Yaniv Baruch, COO at Playnance. Blockchain gaming recently hit a record high of 4.2 million daily active users, according to a DappRadar report. The GameFi industry is seeing an unprecedented surge in new users. However, this growth is somewhat overshadowed by buzzier trends like AI and memecoins. Three…
ETC Group advised investors to hold Ethereum (ETH), Solana (SOL), and Aptos (APT) due to their strategic importance in the layer-1 blockchain space in an Oct. 8 report. As Ethereum faces mounting competition from newer blockchains, the report highlighted the importance of evaluating the market’s recent conditions and long-term performance. Ethereum faces challenges According to…
Bitcoin (BTC) is on track to experience its longest period of sideways trading during a halving year if it doesn’t show significant upward movement within the next 14 days. According to a dashboard shared by CryptoQuant CEO Ki Young Ju, the longest time BTC took to rise was 298 days. Bitcoin achieved its highest return…
Input Output CEO Charles Hoskinson addressed the recent negative sentiment about Cardano’s future, attributing the criticism to the impact of its new governance framework, Voltaire. In a series of statements on social media, Hoskinson explained that the heightened negativity is a side effect of its new governance structure, which has finally allowed users to raise…
The Wallet app on Telegram now supports law enforcement evidence collection, according to its updated FAQ page. This page directs law enforcement agencies to submit requests via a designated email address, stating: “Wallet will carefully review each law enforcement request and cooperate on a case-by-case basis to disclose information, in accordance with its internal policies…
Decentralized applications (dApp) registered a significant 70% surge in daily unique active wallets (UAW) between the second and third quarters, reaching an all-time high of 17.2 million, according to DappRadar’s third-quarter report. Applications tied to artificial intelligence (AI) emerged as the standout performers among the different sectors within the dApp industry last quarter, averaging nearly…
Taiwan’s Financial Supervisory Commission (FSC) will launch a pilot program for institutions interested in digital asset custody services, local media reported on Oct. 8. The program is part of the country’s broader effort to foster financial innovation amid plans to introduce comprehensive legislation for the digital asset industry by the end of 2024. According to…
VanEck portfolio manager Pranav Kanade highlighted that memecoins have four key aspects that all teams building in crypto should mimic. Kanade made the comments on social media in response to the Token2049 panel by Murad Mahmudov on his pivot to memecoins from being a Bitcoin maxi. The panel’s thesis revolved around proposing a “memecoin supercycle” which…
South Korea’s government has outlined plans to impose foreign exchange regulations on cross-border stablecoin transactions, addressing the rising use of these digital currencies in international trade, local media reported on Oct. 8. The move comes in response to the increasing role of stablecoins, particularly those pegged to the US dollar, in trade activities outside traditional…
Bittrex to remove the U.S. markets for top privacy coins including Monero, Zcash and Dash Exchanges 4 years ago Bittrex announced on Dec. 29 that its exchange will be removing the U.S. markets for the three of the biggest privacy coins by market cap on January 15, 2021. In the post, Bittrex stated it is giving…
The Hong Kong Securities and Futures Commission (SFC) is reportedly set to issue more licenses to crypto businesses by the year’s end, local news outlet Hong Kong 01 reported on Oct. 7. This follows the recent approval of HKVAX as the third licensed crypto exchange in the city. ‘Deemed to be licensed’ SFC CEO Julia…
The following is a guest post from Shane Neagle, Editor In Chief from The Tokenist. In the digital age, financial privacy has become a pressing issue because surveillance is ingrained in all electronic transactions. Each one generates bits that can be aggregated, stored, revisited, abused, funneled and manipulated. Theoretically, 4th and 5th amendments of the…
The following is a guest post by Greg Waisman, Co-founder and COO at Mercuryo. Over the last few years, Web3 has been receiving a lot of talk. Promises of a decentralized internet where users control their money and data have sparked excitement across tech-savvy communities worldwide. Some projections predict that the Web3 market will reach…
Rostyslav Bortman is Head of Blockchain Development at IdeaSoft and founder of ETHKyiv Community. He is one of the main faces of the global and Ukrainian Web3 development and a driving force behind crypto community development. He has developed many outstanding Web3 products, while this year’s Ethereum hackathon in Kyiv organised by him and his…
The following is a guest post by Brendan Cochrane, Partner at YK Law LLP. As decentralized finance (DeFi) surges past $100 billion in total value locked, it is clear that this revolutionary technology is no longer an experiment – it’s a global movement. Said by some to be birthed by the Bitcoin White Paper, DeFi has…
EIGENLayer reassured its community that the platform’s infrastructure and onchain protocol remain secure after an investor lost EIGEN tokens worth roughly $6 million in an isolated email compromise on Oct. 4. A malicious actor stole 1,673,645 EIGEN tokens by infiltrating an email thread between an investor and the platform’s custodial service. The EIGEN team reported…
The post-COVID US labor market is finally experiencing a nuanced shift, reflecting a blend of resilience and gradual normalization after the unprecedented disruptions of the pandemic. By weaving together the latest data on job quits, wage growth, unemployment, job openings, and inflation, we can create a comprehensive picture highlighting opportunities and challenges for everyday people.…
Venture capital (VC) funds invested over $659 million in crypto startups last month, representing a 3% increase compared to August, according to DefiLlama data. The blockchain gaming sector grew for the second consecutive month, with VC funds pouring $63 million into blockchain titles, marking a 32% monthly growth. Nearly half of the money raised by…
A subcommittee of the Commodity Futures Trading Commission’s (CFTC) Global Markets Advisory Committee voted to approve guidelines for using tokenized shares of money-market funds as collateral for traditional financial operations. As reported by Bloomberg on Oct. 2 citing an anonymous source, the recommendations aim to integrate blockchain technology in managing non-cash collateral consistent with margin…
Analysis of Bitcoin address outflow patterns indicates a correlation between address activity types and Bitcoin’s price movements from 2014 to 2024. Per CryptoQuant data, shifts in outflow trends among different address categories reflect underlying market trends and participant behaviors. Bitcoin Address outflow status 2014 – 2021 (CryptoQuant) From 2014 to 2017, frequent in-out flow addresses…
Zhu Guangyao, former deputy Finance Minister of China, called on the government to re-evaluate its approach to Bitcoin and crypto, stressing the need for deeper research into the technology, according to local media reports. Speaking at the 2024 Tsinghua Wudaokou Chief Economist Forum on Sept. 28, Zhu warned of the risks posed by digital assets…
Crypto exchange Gemini has announced plans to cease operations in Canada by the end of 2024, according to a Sept. 30 email sent to its customers. The email stated: “Effective December 31, 2024, Gemini will close all customer accounts in Canada with limited exceptions. As a result, we will be closing your Gemini account.” Customers…
Bitcoin (BTC) surged past $66,000 on Sept. 27 as New York opened for trading, reaching a two-month high to record its best September performance on record. The rally comes amid economic stimulus measures in China and the US Federal Reserve policy decision to cut interest rates, which have helped sustain recent market optimism. The surge…
Cantor Fitzgerald CEO Howard Lutnick called on regulators to treat Bitcoin (BTC) like gold and oil because it is a commodity. Lutnick made the statement during an appearance on Fox Business show “Mornings with Maria” on Sept. 27, where he also criticized regulators and lawmakers for failing to supervise and support the digital asset industry.…
According to a report from the Central Bank of Bolivia (BCB), virtual asset transactions in Bolivia more than doubled in the last three months after the country lifted its ban on Bitcoin in June. Between July and September, the average monthly trade volume soared to $15.6 million, compared to $7.6 million in the first half…
Wyoming Senator Cynthia Lummis believes that SEC Chair Gary Gensler is likely to step down from his role as the regulator’s head next year. She made the statement during CNBC’s Squawk Box on Sept. 27 in response to the hosts saying that he “loves the job” and does not want to leave it. She added:…
The US Securities and Exchange Commission (SEC) settled charges against Mango Markets’ decentralized autonomous organization (DAO) and the Blockworks Foundation on Sept. 27. The watchdog had accused both entities of selling unregistered securities following Mango Markets’ $100 million exploit in 2022, which brought the platform under heightened regulatory scrutiny. Under the terms of the settlement,…
Spot Bitcoin (BTC) exchange-traded funds (ETFs) have amassed more than 900,000 BTC since their launch and will soon surpass the 1.1 million BTC held in wallets believed to be owned by Bitcoin’s pseudonymous creator Satoshi Nakamoto. Bloomberg senior ETF analyst Eric Balchunas recently shared a list of spot Bitcoin ETF holdings, highlighting their cumulative 916,047…
The US Securities and Exchange Commission (SEC) has charged TrueCoin and TrustToken with fraudulent and unregistered sales of investment contracts involving the TrueUSD (TUSD) stablecoin, and lying about its backing, according to a Sept. 24 statement. TrueCoin and TrustToken agreed to settle the SEC’s charges without admitting or denying fault. They also consented to injunctions…
Binance has surpassed a major milestone, processing over $100 trillion in crypto trades since its 2017 launch. The achievement was shared by CEO Richard Teng in a post on the X platform on Sept. 24, saying: “Earlier this month, the all-time trade volume on Binance surpassed $100 trillion.” The figure is double the total market…
Artificial intelligence (AI) tokens are leading the weekly gains in crypto, registering an average return of 37% over the past seven days, according to Artemis’ data. The performance shown by AI tokens is more than double the market’s 15.9% average gain over the period. The movement was primarily driven by Bittensor (TAO), which climbed 86.2%…
The number of family offices optimistic about crypto more than doubled to 17% this year from 8%, with direct exposure being their favored form of investing, according to Citi’s “Global Family Office 2024 Survey Report” published on Sept. 20. The report indicated that interest in digital assets continues to increase from a low base. Both large…
VanEck said interest in Bitcoin (BTC) is significantly higher than 12 months ago as institutions and nations continue to push for adoption. According to a Sept. 19 report, the key reasons behind this surge in interest include growing institutional adoption through exchange-traded products (ETPs) and sovereign involvement in mining and global transactions. Additionally, the report…
Former President Donald Trump’s DeFi project, World Liberty Financial, will not be exempt from the stringent and opaque regulations imposed on US-based crypto ventures, according to SEC Commissioner Mark Uyeda. In an upcoming interview with Fox Business journalist Eleanor Terrett, Uyeda acknowledged the challenges Trump’s project will face as it navigates the complex regulatory environment…
The following is a guest post by Vincent Maliepaard, Marketing Director at IntoTheBlock. When you first hear about Bitcoin staking, you might assume there’s a mistake, given Bitcoin’s Proof of Work (PoW) mechanism. However, Bitcoin staking is indeed a reality, with thousands of addresses participating and generating returns on their assets. Here’s what you need…
Sky, formerly MakerDAO, decided to remove the usage of Wrapped Bitcoin (WBTC) as collateral for borrowing through a governance vote concluded on Sept. 19. BA Labs, the former Risk Core Unit, was named stability advisor for the process. The entity also suggested removing WBTC as a collateral option. Starting Oct. 3, SparkLend, the money market…
Securitize has partnered with Wormhole Foundation to enable cross-chain interoperability for all assets tokenized on its platform, according to a Sept. 20 announcement. The partnership will make Wormhole the official blockchain interoperability provider for Securitize’s current and future tokenized assets, marking a significant step forward in the tokenization and cross-chain interoperability of digital assets. As…
Global financial giants Franklin Templeton and Citigroup have announced have announced plans to adopt the Solana blockchain for their upcoming financial services. Franklin Templeton, a $1.4 trillion asset manager, plans to launch a mutual fund natively on Solana, while Wallstreet giant Citi is exploring the blockchain’s capabilities for smart contracts and cross-border money transfers. The…
Terraform Labs received court approval to wind down its operations in bankruptcy after settling a US Securities and Exchange Commission (SEC) lawsuit, Reuters reported Sept. 19. US Bankruptcy Judge Brendan Shannon approved Terraform’s bankruptcy plan in Wilmington, Delaware, calling it a “welcome alternative” to further litigation over investor losses. The court approval represents the final…
Ethereum developers agreed to take a multi-phase approach in implementing the highly anticipated ‘Pectra’ upgrade during the latest Consensus Layer Meeting on Sept. 19. The decision comes after growing concerns about the complexity of delivering the upgrade in one release, which increased the risk of technical issues and bugs. The phased approach will ensure a smoother…
Bitcoin (BTC) experienced heavy volatility on Sept. 19 following the Fed’s FOMC meeting but maintained its position above the $60,000 threshold. Fed chair Jerome Powell confirmed weeks of speculation by announcing a 50 basis point rate cut after four years of restrictive monetary policy. According to the press release: “The Committee has gained greater confidence…
Fintech giant Revolut is reportedly in the advanced stages of developing its own stablecoin, CoinDesk reported on Sept. 17, citing sources familiar with the matter. Revolut, which secured a UK banking license earlier this year, aims to follow the lead of major industry players like PayPal, Ripple, and BitGo, all of which have recently entered…
Bitwise Chief Investment Officer Matt Hougan believes that Ethereum to tech giant Microsoft in a recent memo, asserting that the blockchain giant’s foundational role in the ecosystem is being underestimated amid current bearish sentiment. In the memo titled “A Contrarian Bet on Ethereum,” Hougan argued that Ethereum continues to lead in key sectors despite growing…
MicroStrategy Incorporated announced plans to privately offer $700 million worth of convertible senior notes due 2028, subject to market conditions, according to a Sept. 16 press release. The company also expects to grant an option to purchase an additional $105 million in notes to initial buyers within a 13-day period following the notes’ issuance. MicroStrategy…
There has been a notable drop in the total number of Bitcoin transactions in the past week. Between Sept. 8 and Sept. 11, it decreased from 909,000 to 412,000, showing a market cooldown. This sharp decline aligns with a noticeable drop in network activity, likely influenced by an overall reduction in trading volume after several…
Tether is working to improve its relations with regulators following the recognition of its USDT stablecoin as property in the UK. On Sept. 13, Tether announced that it hired Jesse Spiro to spearhead its global engagement efforts with lawmakers, regulators, and key stakeholders. Strengthening government relationship According to the statement, Spiro’s extensive background in the…
Hackers and fraudsters are attracted to crypto like flies to honey. This makes crypto custody a high-stakes business, as opposed to custodying traditional assets like stocks and bonds, which is considered to be a crucial but fairly straightforward job. The high stakes come with the high risk of safeguarding crypto, which in turn makes crypto…
The U.S. is at a “turning point” in crypto, and about to become “THE decisive leader” in nurturing the technology, Jeremy Allaire, CEO of stablecoin issuer Circle, wrote in an X post on Friday. Allaire said that several people “complain” that the U.S. government is hostile to the cryptocurrency industry. However, Allaire disagrees and he…
Sam Bankman-Fried (SBF), co-founder of the collapsed crypto exchange FTX, has filed an appeal challenging his fraud conviction on Sept. 13, arguing that the trial was tainted by judicial bias and procedural errors. The appeal, submitted to the Second Circuit Court of Appeals on Sept. 13, alleged unfairness during the legal proceedings that resulted in…
Available exclusively via Bitcoin’s historical performance: September dips and year-end rallies Andjela Radmilac · 4 days ago CryptoSlate’s latest market report dives deep into Bitcoin’s historical monthly and quarterly returns, focusing on the period between 2013 and 2024 to assess the likelihood of a similar pattern unfolding in 2024.
Solana co-founder Anatoly Yakovenko has criticized the Ethereum layer-2 network ZKSync because it still operates like a multisig system despite claims of community-led governance. In a post on X (formerly Twitter), Yakovenko argued that the same “honest majority” assumptions apply to ZKSync because its system’s legal or technical control could easily fall under the jurisdiction…
Congressman John Rose has proposed a new bill to streamline digital asset regulations by creating a Joint Advisory Committee co-managed by the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). The BRIDGE Digital Assets Act, introduced in the House, aims to foster collaboration between the two agencies on key policies surrounding…
Grayscale has introduced a new crypto investment trust fund for XRP, according to a Sept. 12 statement. Following the news, XRP’s value surged by 8%, reaching a multi-week high of $0.58, according to CryptoSlate’s data. XRP Trust The firm stated that the XRP Trust operates similarly to its other single-asset investment trusts, focusing exclusively on…
Osmosis, the leading interchain decentralized exchange (DEX) and DeFi hub on Cosmos has unveiled plans for a new product called Polaris, described as a “Token Portal” designed to address fragmentation issues in the digital assets ecosystem. According to information shared with CryptoSlate, Polaris aims to provide a unified interface for trading and managing tokens across…
Available exclusively via Bitcoin’s historical performance: September dips and year-end rallies Andjela Radmilac · 1 day ago CryptoSlate’s latest market report dives deep into Bitcoin’s historical monthly and quarterly returns, focusing on the period between 2013 and 2024 to assess the likelihood of a similar pattern unfolding in 2024.
North Carolina’s lawmakers have overturned Governor Roy Cooper’s veto on a bill that would have prevented the state from implementing a central bank digital currency (CBDC). On Sept. 9, the Republican-controlled Senate approved House Bill 690 with a 27–17 vote, surpassing the 60% threshold needed to override the governor’s rejection. This effectively prevents North Carolina…
Available exclusively via Bitcoin’s historical performance: September dips and year-end rallies Andjela Radmilac · 9 hours ago CryptoSlate’s latest market report dives deep into Bitcoin’s historical monthly and quarterly returns, focusing on the period between 2013 and 2024 to assess the likelihood of a similar pattern unfolding in 2024.
Crypto exchange Binance said its subsidiary Tokocrypto has secured a Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti), according to a Sept. 9 statement shared with CryptoSlate. This development positions Tokocrypto as the third exchange in Indonesia to receive the PFAK license. The country currently has 35 prospective crypto…
Tesla CEO Elon Musk’s artificial intelligence (AI) startup xAI will not be licensing out its technology to the carmaker, Musk noted in an X post on Sunday. His post refuted a Wall Street Journal article published on Sept. 7, which claimed that the two companies owned by Musk had chalked out a deal. WSJ’s claims…
Crypto exchange Coinbase secured a partial victory in federal court this week in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). In a filing dated Sept. 5, the US District Court for the Southern District of New York, Judge Katherine Failla partially granted Coinbase’s motion to compel the SEC to hand…
The following is a guest post by Kadan Stadelmann, CTO of Komodo Blockchain. Pavel Durov, the CEO of Telegram, was arrested this week after a four-day interrogation related–publicly at least–to the existence of illegal activity on his app, including child pornography. The ensuing media frenzy painted Telegram as an almost esoteric, privacy-centered app, which is…
Onchain Highlights DEFINITION: Bitcoin price performance since cycle low Bitcoin’s price has demonstrated varying degrees of performance across several cycles, with 2022 marking a significant comparison point for assessing recovery trends. Notably, the 2011 to 2015 cycle saw a sharp rise from cycle lows, as prices surged dramatically during that period. The 2015 to 2018 cycle…
India’s Financial Intelligence Unit (FIU-India) is reportedly set to approve two more offshore crypto exchanges to resume operations in the country by the end of the 2025 fiscal year, following a thorough review of their compliance with anti-money laundering (AML) laws. The development comes as the FIU continues to assess requests from four exchanges previously…
Quick Take The paper gold market, which includes gold derivatives such as futures, options, and ETFs, is significantly larger than the physical gold market. Estimates suggest that the paper gold market could be at least ten times bigger than the physical market, according to Goldmoney. This means that many gold contracts are settled in cash…
PixelRealm, a Web3 gaming ecosystem, has partnered with Neon EVM to enable Ethereum-based games on Solana without the necessity of recoding. This means that developers can deploy existing Ethereum codebases on Solana, reducing development time and costs. The partnership comes as blockchain gaming sees renewed interest, with nearly $580 million invested in 2024, according to…
Monochrome Asset Management has filed to list an Ethereum exchange-traded fund (ETF) on Cboe Australia under the ticker IETH, as announced on Sept. 5. The ETF aims to offer retail investors a regulated way to gain exposure to Ethereum. It will also be a dual-access fund, allowing investors to request cash or in-kind redemptions. The…
A Nigerian court has postponed the decision on the bail application for detained Binance executive Tigran Gambaryan until Oct. 9. Judge Emeka Nwite issued the ruling on Sept. 4 after hearing arguments from both Gambaryan’s lawyer, Mark Mordi, and the prosecuting counsel, Ekele Iheanacho, who opposed the bail request. New bail application On Sept. 2, Gambaryan’s…
Quick Take Nvidia shares fell by 9.5% yesterday, resulting in an approximate $253 billion loss in market value, marking the largest one-day market cap decline for an SPX stock, according to Michael Brown, Senior Research Strategist at Pepperstone FX. To put this in perspective, this drop is nearly equivalent to Ethereum’s entire market cap, which…
The US-traded spot Ethereum (ETH) exchange-traded funds (ETFs) registered $476 million in negative net flows during the first month of trading, failing to overcome the outflows stemming from the unlock of Grayscale’s ETHE. Bloomberg senior ETF analyst Eric Balchunas the “heroic” performance of the Newborn Nine spot Bitcoin (BTC) ETFs, which recorded enough inflows to…
Quick Take The total value locked (TVL) in Ethereum’s DeFi ecosystem stands at $47 billion in 2024, a decrease from its peak of $66 billion earlier this year, according to Glassnode. This marks a stark contrast to the peak of 2021, where the TVL hit $110 billion, coinciding with Ethereum’s price reaching over $4,700. In…
Onchain Highlights DEFINITION: The total amount of coins that return to circulation after being untouched for at least one year. In other words, it is the total transfer volume of coins previously dormant for 1+ years. Bitcoin’s revived supply, which tracks the reactivation of coins dormant for over a year, has displayed notable fluctuations in…
Quick Take Bitcoin has been experiencing a prolonged period of consolidation since reaching its all-time high of over $70,000 in March. This downward chop phase has drawn comparisons to the price action of around $9,000 in 2019. Analyst Checkmate has noted that these price swings are becoming “larger and more sustained,” suggesting that the current…
The following is a guest post by Jiahao Sun, the CEO of FLock.io. In recent years, the promise of AI has captivated our collective imagination – conjuring visions of a future where machines enhance our daily lives in the most profound and meaningful ways. However, as these technologies advance, so do concerns about their impact…
Alexandre de Moraes, a Supreme Court judge, ordered the “immediate and complete suspension” of social media platform X in Brazil, the BBC reported on Aug 31. The judge directed the country’s telecom agency to block access to X, causing the platform to go dark earlier today, according to the New York Times. The ban was…
Crypto exchange Coinbase witnessed its first crypto transaction between artificial intelligence (AI) bots on Aug 30, CEO Brian Armstrong announced in a post on X. He explained that one large language model (LLM) used crypto tokens to buy AI tokens from another AI bot. Bots are developed to carry out specific tasks — in this…
Onchain Highlights DEFINITION: The average estimated number of hashes per second produced by the miners in the network. Bitcoin’s mean hash rate has demonstrated consistent growth over the past year, with significant increases observed in 2024. Historically, the hash rate has often paralleled Bitcoin’s price movements, reflecting miners’ confidence and the broader market sentiment. The…
Tech giant Meta is making efforts to prevent a “quantum apocalypse” that poses an impending threat to modern cybersecurity and encryption standards across industries — including the cryptography model used in blockchain technology. Meta engineers highlighted during the firm’s latest Metatech Podcast that the risks posed by quantum computing are significant enough to warrant immediate…
The US Securities and Exchange Commission (SEC) has highlighted the need for retail investors to gain more timely access to fund portfolio data. However, the answer may be at odds with the SEC’s recent approach, as the data could be significantly enhanced through the use of blockchain oracles like Chainlink. As Commissioner Jaime E. Lizárraga…
Threshold Network has proposed to acquire BitGo‘s Wrapped Bitcoin (WBTC) product, offering $36.4 million worth of their native T tokens. The move aims to transition WBTC from centralized custody to Threshold’s decentralized model, merging it with their tBTC Bitcoin (BTC) bridge. The proposal was presented by NuCypher’s co-founder and Threshold contributor MacLane Wilkison and involves…
Available exclusively via The unlikely reality of Bitcoin as a reserve currency Andjela Radmilac · 4 days ago CryptoSlate’s latest market report dives deep into the feasibility, implications, and potential consequences of Bitcoin becoming a reserve currency in the US.
Telegram CEO Pavel Durov has been released from prison and placed under judicial supervision with specific conditions, including the obligation to deposit a €5 million bond. Durov is also prohibited from leaving the French territory and must report to the police station twice a week as part of his bond conditions. According to a press…
Quick Take Bitcoin continued its sell-off overnight, dropping another 5% and settling back into the $58,000 – $59,000 range. This sharp decline is mirrored in perpetual funding rates, which have swung from extremely positive levels to negative, highlighting the rapid shift in market sentiment whenever Bitcoin either goes above or falls below the $60,000 mark.…
Ethereum Foundation (EF) contributor Josh Stark posted a breakdown of the organization’s expenditures for the past two years on social media on Aug. 27. Stark shared the information after growing speculation that the foundation might plan to sell a large amount of Ethereum. The rumors sprang up after a wallet linked to the foundation made…
XBorg launched as a spin-off from SwissBorg in 2022, is focused on revolutionizing the gaming industry through a player identity protocol that enhances online experiences by enabling data ownership. In this interview, Head of Growth & Marketing at XBorg, Connor Kirsten, delves into the challenges surrounding token launches in 2024, attributing poor performance to market saturation…
Aave Labs proposed an update to its GHO Stability Module (GSM) on Aug. 26, which involves using BlackRock’s tokenized fund BUIDL’s shares to help maintain the dollar peg of its stablecoin. According to the proposal, a new GSM would let Aave exchange users’ USD Coin (USDC) given to mint its ecosystem native dollar-backed stablecoin GHO…
Indian cryptocurrency exchange WazirX said external parties not invested in the platform may try to prolong its restructuring process for their gains. In a post on X, the exchange said these parties intend to create and maintain “uncertainty” rather than find a resolution. The statement comes after WazirX announced a comprehensive restructuring plan following a…
The European Union’s “fragmented regulatory structure” is stifling artificial intelligence (AI) innovation, Meta CEO Mark Zuckerberg and Spotify CEO Danie Ek said in a joint statement published on Friday. The two tech leaders added that the EU’s AI regulatory framework is “riddled with inconsistent implementation,” hampering the ability of the region’s companies to take advantage…
Polygon suffered a security breach today as hackers took over its community Discord channel for approximately three hours. The breach, which led to scammers infiltrating the channel and targeting users, has now been resolved. Mudit Gupta, Polygon’s Chief Information Security Officer, confirmed that the team has regained full control of the Discord server and is…
Onchain Highlights DEFINITION: The number of unique accumulation addresses. Accumulation addresses are defined as addresses that have at least 2 incoming non-dust transfers and have never spent funds. Exchange addresses and addresses receiving from coinbase transactions (miner addresses) are discarded. To account for lost coins, addresses that were last active more than 7 years ago are…
Bitcoin’s breakout above $60,000 seems to have triggered a new spark of optimism among traders. The market has been flat for most of August after experiencing a significant drop at the beginning of the month, which is why the relatively slight price increase above the $60,000 threshold was enough to inject the market with a…
Former President Donald Trump announced the upcoming launch of the Trump Organization’s new crypto platform — dubbed “The DeFiant Ones” — on Aug. 22. Trump made the announcement via a post on Truth Social and hinted that the DeFi platform aims to provide Americans with an alternative to the traditional financial system. He stated: “For…
Crypto companies have significantly increased their involvement in the US federal elections in 2024, contributing over $119 million so far, according to a Public Citizen report published on Aug. 21. The report highlighted that this amount represents almost half of all corporate contributions in this election cycle, which currently total $248 million. Surge in donations…
Quick Take Samson Mow recently stirred discussion on X by declaring that “$58k is the new $9k” for Bitcoin. Intrigued by this bold statement, we decided to put Mow’s theory to the test by examining Bitcoin’s trading patterns, especially in light of its historical price behavior. Since reaching its all-time high of approximately $73,000 in…
The launch of spot Ethereum ETFs has yet to live up to the market’s initial optimism, as reflected in their performance over the past few weeks. The Ethereum ETFs’ total on-chain holdings currently stand at approximately 2.81 million ETH, valued at around $7.33 billion, which accounts for about 2.3% of Ethereum’s total supply. Despite these…
Bitwise CIO Matt Hougan highlighted a notable increase in institutional investments in Bitcoin exchange-traded funds (ETFs) during the second quarter despite BTC value declining 12% over the three months. Hougan highlighted the increased interest in his latest Aug. 20 note to investors, where he stated: “Bitcoin’s price fell 12% in Q2 2024 and many wondered if…
Research firm Kaiko believes that tokenized Treasuries will continue to attract investors, even in the face of anticipated US Federal Reserve rate cuts, which can often diminish the appeal of fixed-income assets. According to the firm’s second-quarter market report, interest in these tokenized funds continues to grow due to their attractiveness to investors seeking liquidity…
Privacy protocol RAILGUN said the 4,064 Bitcoin stolen in a high-profile security breach on Aug. 19 did not gain any privacy benefits on its platform. The platform clarified that the stolen funds were unable to generate a Private Proof of Identity (POI), resulting in their unshielding and return to the original address. The breach, one…
Onchain Highlights DEFINITION: The total amount of coins transferred from miners to exchange wallets. Bitcoin miners have reduced their transfer activity to exchanges significantly in 2024, as illustrated by the decline in the orange line on the chart. This trend continues a broader pattern observed over the past decade. Miners to exchanges: (Source: Glassnode) Historically,…
Available exclusively via VIX 101: The fear index that’s shaping the market Andjela Radmilac · 5 days ago CryptoSlate’s latest market report dives deep into the VIX to explain its significance, historical context, recent trends, and implications for the crypto industry.
The following is a guest post by Kadan Stadelmann, CTO of Komodo Blockchain. Bitcoin miner centralization threatens Bitcoin, but former President Donald Trump’s pledge to slash energy prices can ensure its decentralization. Bitcoin mining pools, the majority of Bitcoin mining being done, appear to be centralized in China around a handful of entities—with Chinese mining…
Available exclusively via VIX 101: The fear index that’s shaping the market Andjela Radmilac · 5 days ago CryptoSlate’s latest market report dives deep into the VIX to explain its significance, historical context, recent trends, and implications for the crypto industry.
Roman Sterlingov, the man behind the crypto mixer Bitcoin Fog, is contesting a potential 30-year prison sentence following his conviction on several money laundering charges. In a 37-page sentencing memorandum submitted to the US District Court for the District of Columbia, Sterlingov’s defense team contends that the recommended sentences of 30 and 20 years by…
LI.FI, a cross-chain liquidity provider, has announced its support for native Bitcoin swaps through ThorChain, according to an Aug. 14 statement shared with CryptoSlate. This integration, facilitated by SwapKit, enhances Bitcoin transfers between Ethereum Virtual Machine (EVM) chains and simplifies the exchange of the flagship asset for other cryptocurrencies within these networks. Boosting adoption LI.FI’s…
Onchain Highlights DEFINITION:The average funding rate (in %) set by exchanges for perpetual futures contracts. When the rate is positive, long positions periodically pay short positions. Conversely, when the rate is negative, short positions periodically pay long positions. Ethereum’s perpetual futures funding rate has recently dipped off its bullish premium. This trend is evident in…
Bitcoin’s drop to below $50,000 on Aug. 5 marked the largest drawdown in the current cycle, resulting in substantial profit losses and liquidations. And while BTC has shown solid signs of recovery since then, consolidating around $60,000, the market still remains cautious as it recently dipped below this psychological support. This cautiousness is best seen…
Available exclusively via VIX 101: The fear index that’s shaping the market Andjela Radmilac · 2 days ago CryptoSlate’s latest market report dives deep into the VIX to explain its significance, historical context, recent trends, and implications for the crypto industry.
Bitfarms co-founder and chairman Nicolas Bonta is stepping down from the board immediately amid the ongoing fight against Riot Platforms‘ hostile takeover bid, according to an Aug. 13 statement. Bonta is one of three board members Riot aims to replace in the upcoming October shareholder vote. Leadership change In response to Bonta’s departure, Brian Howlett,…
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Singapore, August 13, 2024 – SUN.io, a leading DeFi platform on TRON, is thrilled to announce the launch of SunPump Beta, the first dedicated platform for the fair launch and trading of meme coins. SunPump offers…
The family of Tigran Gambaryan, the Binance executive detained in Nigeria, reported that he is being denied proper access to his legal team, and his health is rapidly declining, according to an Aug. 12 statement shared with CryptoSlate. Gambaryan, who traveled to Abuja for a meeting with Nigerian officials in February, has been in custody…
The City of Santa Monica has officially launched a Bitcoin Office to enhance education and explore economic opportunities related to Bitcoin, further positioning itself as a leader in crypto innovation. The initiative, approved unanimously by the Santa Monica City Council on July 11, was introduced to the public with the launch of its official webpage…
Tether Limited, the issuer of the largest stablecoin USDT, has strongly dismissed a lawsuit filed by Celsius Network Limited. In a press release on Saturday, Tether accused the defunct crypto lender of attempting to shift blame for its financial woes, calling the lawsuit “baseless” and an example of “meritless shakedown.” The lawsuit, filed on Aug…
Crypto exchange Gemini co-founder Tyler Winklevoss called the “reset” of the crypto stance of Vice President Kamala Harris a “scam” in an X post on Friday, amid the Federal Reserve’s crackdown. Winklevoss’ post comes a day after he slammed Harris for not attending the roundtable discussion with crypto leaders on Aug 8. In the post,…
The following is a guest post from Shane Neagle, Editor In Chief from The Tokenist. When the Federal Reserve tampered with the money supply in 2020, by giving it a ~40% boost, everyone has been paying the cost of that tampering via inflation. In turn, people’s life energy is siphoned away as their savings are…
Onchain Highlights DEFINITION: The Spent Output Profit Ratio (SOPR) is computed by dividing the realized value (in USD) divided by the value at creation (USD) of a spent output. Or simply: price sold / price paid. Bitcoin’s Spent Output Profit Ratio (SOPR) has displayed marked fluctuations throughout 2024. The SOPR has consistently hovered near or…
In periods of extreme price volatility leading to massive losses across the market, it’s important to understand where most of these losses come from. While previous CryptoSlate analysis focused on the difference between the behavior of long-term and short-term holders, there’s another layer of depth in on-chain data that can provide a better understanding of…
Quick Take Recent research shared by Matthew Sigel, Head of Digital Assets Research at VanEck, J.P. Morgan, highlighted several reasons institutional investors remain optimistic about Bitcoin. The research begins with a positive outlook, stating, “One can find several reasons for institutional investors to remain optimistic.” Firstly, J.P. Morgan points to a significant development at Morgan…
Bitcoin’s extreme volatility this week has wiped out a significant amount of unrealized profits across the entire market. Data from Glassnode showed that on Aug. 1, over 85% of Bitcoin’s circulating supply was in profit, reflecting a stable and enduring bullish sentiment as the price settled at around $65,000. However, as the price began declining…
This week’s crash has led to some of the highest losses we’ve seen since the collapse of FTX, wiping out billions from the crypto market. Bitcoin’s drop to below $50,000 dramatically affected the futures market, with futures open interest plunging from $31.22 billion on Aug. 5 to $26.65 billion on Aug. 6. Graph showing Bitcoin…
Ronin Network co-founder Aleksander Larsen announced that the Ethereum sidechain has been temporarily paused to investigate a potential Maximal Extractable Value (MEV) exploit. On Aug. 6, blockchain security firm Cyvers reported that an MEV bot siphoned 4,000 ETH, valued at $9.85 million, from the network. Despite this incident, the network’s native RON token remains unaffected,…
The post Where are all the stablecoins? appeared first on CryptoSlate.
Quick Take On Aug. 5, Bitcoin dropped to as low as $49,000, rebounded, then fell again. However, as the US market opened, the price of digital assets began to recover, reaching around $52,000. In parallel to Bitcoin’s market movements, BlackRock’s IBIT saw remarkable trading activity, registering over $1 billion in volume within the first 30…
Bitcoin (BTC) fell below key support levels as markets continued to bleed over the weekend due to fears of an impending global recession and escalating tensions in the Middle East. The flagship crypto has fallen more than 8% since the start of the weekend to $57,040 — the lowest price recorded in almost three weeks.…
Onchain Highlights DEFINITION: Bitcoin price performance since the halving against previous cycles. Bitcoin’s price performance since the most recent halving in April has followed a distinct trajectory compared to previous halving events. Observing the historical price patterns, each halving epoch demonstrates unique price movements, reflecting varying market dynamics and investor sentiments. The first halving epoch (50…
Vice President Kamala Harris faces increasing pressure to clarify her stance on crypto as the 2024 election approaches or risk “ceding” the industry’s support to former President Donald Trump, according to a new think tank report. The report, published by the Official Monetary and Financial Institutions Forum (OMFIF), emphasized that Harris must engage with the…
Polymarket, a leading prediction market platform, has seen a significant spike in website traffic, outpacing prominent DeFi platforms like Uniswap, dYdX, Compound, and GMX. The surge is primarily driven by intense interest in betting on the US presidential election, particularly on the potential face-off between former President Donald Trump and Vice President Kamala Harris. Polymarket…
Onchain Highlights DEFINITION: The percent of circulating supply that has not moved in at least 1 year. Bitcoin’s supply last active over a year ago has shown a recent decline, reflecting market conditions and holder behavior shifts. The percentage of dormant supply has decreased from approximately 70% at the start of 2024 to around 66%…
US Public Bitcoin miner CleanSpark has released its unaudited Bitcoin mining and operations update for July 2024. It reports mining 494 BTC during the month and a 567% increase in its Bitcoin treasury compared to last year. During the bear market, CleanSpark’s Bitcoin reserve had declined over 40%, indicating a more bullish approach in 2024.…
Analyzing Bitcoin and fiat trading pairs on centralized exchanges often reveals performance disparities that remain invisible when focusing on global or average prices. It shows how liquidity, geopolitical and economic concerns, and market sentiment affect performance. Looking at the year-to-date (YTD) performance of dominant fiat pairs, we can see that BTCARS has seen an impressive…
Giovanni Santostasi’s Bitcoin Power Law model suggests Bitcoin’s price will not fall below $30,000 again, indicating a floor for future valuations. The model shows Bitcoin’s price trajectory will continue to rise, with its current ‘fair price’ at $86,339 and potential ceiling at $332,543. As depicted in the charts from Bitbo, the model uses linear regression…
Bitwise CIO Matt Hougan believes the market is “not bullish enough” about Bitcoin, and investors need to rethink the flagship crypto’s potential upside after what happened at the Bitcoin2024 conference. Hougan’s reflections on the 2024 Bitcoin Conference in Nashville suggest a dramatic shift in what’s possible for Bitcoin compared to even two years ago. He…
Ripple’s XRP token has surged to a four-month high of $0.65 and is on pace for its best monthly performance this year. According to CryptoSlate’s data, XRP’s value has jumped about 33% over the past month, making it the top-performing large-cap crypto for July, surpassing Solana and other high-flying digital assets. Retail and whale interest…
The California Department of Motor Vehicles (DMV) has digitized 42 million car titles on the Avalanche blockchain, marking a significant step in modernizing its operations. Oxhead Alpha announced the large-scale implementation on July 30, aiming to streamline the title transfer process for California’s 39 million residents. Digital pink slips In collaboration with Oxhead Alpha and…
Compound Finance has settled with crypto whale Humpy and his Golden Boys group over the contentious allocation of 499,000 COMP tokens worth approximately $24 million to a yield-bearing protocol. On July 30, Humpy announced that Proposal 289, which had sparked the controversy, was “now canceled,” pointing out that his actions brought the project to the…
WisdomTree CEO Jonathan Steinberg believes that Bitcoin and crypto are on the brink of “mainstream” adoption and will achieve that status within the next few years. Steinberg expressed his conviction during a July 29 CNBC interview, citing regulatory clarity, the emergence of publicly traded crypto funds, and the tokenization of real-world assets (RWAs) as the…
Between July 15 and July 28, the total amount of BTC held on exchange addresses increased significantly, with over 35,000 new BTC added to exchange balances. Data from Glassnode showed exchange balances starting at 3,000,466 BTC in July and peaking at 3,046,600 BTC on July 17 before settling at 3,035,711 on July 28. This represents…
Former President Donald Trump gave a speech at the Bitcoin 2024 conference in Nashville, Tennessee on Saturday. He used his speech to highlight his crypto-related policies if re-elected and to woo crypto voters. At Trump’s promise to fire the Securities and Exchange Commission (SEC) chairman Gary Gensler on the first day after retaking office, the…
A range of Democrat politicians wrote a letter to the Democratic National Committee (DNC) on Friday, urging the party to pivot away from its anti-crypto policies. In the letter shared by the vice president of research at Riot Platforms Pierre Rochard on X, the Democrats advised the party to take a “forward-looking approach” to digital…
Senator Cynthia Lummis introduced new legislation that aims to establish a Bitcoin strategic reserve for the US totaling at least 1 million BTC — 5% of the total supply. Lummis announced the new bill at the Bitcoin2024 conference on July 27 following former President Donald J. Trump’s keynote, who also vowed to make the US…
Presidential candidate Robert F. Kennedy Jr. pledged to sign an executive order on his first day in office if elected that would make Bitcoin a strategic reserve asset for the US. Addressing attendees at the Bitcoin2024 conference on July 26, Kennedy outlined a vision where Bitcoin would play a key role in enhancing America’s economic…
US Senator Bill Hagerty passionately advocated for Bitcoin and the principles of decentralization during his speech at the Bitcoin2024 conference, highlighting the alignment of these values with American ideals of liberty and autonomy. Hagerty said during his appearance at the Bitcoin2024 conference on July 26 that the flagship crypto represents the fundamental principles of freedom…
WazirX said its preliminary investigation found no evidence indicating that the machines of WazirX signers were compromised during a recent sophisticated cyber attack on its multi-signature Ethereum wallet, according to a July 25 blog post, The attack, which occurred earlier this month, has prompted significant concern and scrutiny within the crypto community. The exchange initially…
Spot Ethereum ETFs recorded a robust trading debut in the US on July 24 after months of speculation and regulatory uncertainty. The ETFs recorded an impressive volume of $1.11 billion on the first trading day, led by BlackRock’s $266.5 million inflows. Within the first 90 minutes of trading, ETH ETFs recorded $361 in trading volume,…
Gemini co-founder Tyler Winklevoss expressed skepticism about Vice President Kamala Harris pivoting to support Bitcoin and the crypto industry following reports that she may speak at the upcoming Bitcoin2024 conference in Nashville. The remarks come after Bitcoin Magazine CEO David Bailey revealed ongoing discussions with Harris’ campaign about her speaking at the conference. He further…
DAIM CEO and founder Brian Korshain voiced strong optimism about the potential impact of former President Donald Trump’s support for Bitcoin and said his rumored plan to make it a strategic reserve asset for the US is “possible” but could be “very difficult to get it done.” During a CNBC interview, Korshain highlighted Trump’s anticipated…
The crypto industry is holding its breath for a second Donald Trump presidency since the former president has vowed to end President Joe Biden’s ‘crusade against crypto.’ Trump’s odds of winning the U.S. elections in November have been on the rise since his failed assassination attempt last week. According to a poll released by CBS…
The following is a guest post by Jiahao Sun, CEO & Founder of FLock.io. In the ever-evolving landscape of artificial intelligence (AI), the debate between centralized and decentralized computing is intensifying. Centralized providers like Amazon Web Services (AWS) have dominated the market, offering robust and scalable solutions for AI model training and deployment. However, decentralized…
The Chicago Board Options Exchange (Cboe) issued listing notifications for five new spot Ethereum exchange-traded funds (ETFs) scheduled to begin trading on July 23 — confirming reports from earlier in the week. The notifications clarify that the funds are pending final regulatory approval. The five ETFs are 21Shares’ CETH, Fidelity’s FETH, Franklin Templeton’s EZET, Invesco’s…
Former US president Donald Trump is rumored to be planning to announce his desire to make Bitcoin a “strategic reserve asset” during an upcoming crypto conference, a move that could significantly impact the digital asset’s global status and value. CryptoSlate reported the potential for this move on July 4 after Bitcoin SoftWar author Jason P Lowery…
TradFi giant State Street Corp. is considering launching its own stablecoin and tokenized deposits in a bid to enhance its payment settlement capabilities using blockchain technology, Bloomberg News reported on July 17, citing sources familiar with the matter. Sources told the newswire that these initiatives aim to leverage the company’s investment in UK-based payment startup…
Changes in futures and options open interest provide insight into market sentiment, liquidity, and potential price movements. Futures and options reveal how traders position themselves and show their expectations for future price action. Open interest measures the flow of money, showing whether new capital is entering or exiting the market. Looking at open interest, we…
FTX has agreed to pay the CFTC $4 billion in disgorgement and $8.7 billion in restitution, minus amounts credited from other bankruptcy payments, according to a July 12 filing. If the proposed settlement is approved, FTX and associated debtors will receive dollar-for-dollar credit toward the restitution amount based on the amount they distribute in FTX.com…
Coinbase, Ripple, and Andreessen Horowitz (a16z) plan to send representatives to the Republican National Convention (RNC) and, later, the Democratic National Convention (DNC). On July 15, Politico said the firms would first “make their case to GOP power brokers” to support an election outcome that produces policies favorable to the industry, highlighting widespread Republican support…
Thailand is set to roll out what was initially a controversial $13.8 billion digital cash handout program to stimulate its sluggish economy. Prime Minister Srettha Thavisin announced that eligible businesses and individuals could register for the program, dubbed the “Digital Wallet,” starting August 1, per AP News. Originally announced in April, the plan aims to…
The following is a guest post from Mike Romanenko, CVO and Co-Founder of Kyrrex. The European crypto landscape is on the brink of a significant transformation with the introduction of the Markets in Crypto-Assets (MiCA) regulation. Mike Romanenko, CVO & Co-Founder at Kyrrex, foresees it will present multiple opportunities and challenges for crypto players across…
Former President Donald Trump’s chances of winning the U.S. presidential election jumped following a failed assassination attempt on Saturday. Around 10 minutes into Trump’s speech at a rally in Pennsylvania, shots were fired. Trump was injured in his right ear and could be seen with his face streaked with blood. He was pumping his fist…
The pseudonymous lead developers of memecoin Shiba Inu (SHIB), Shytoshi Kusama and Kaal Dhairya, gave their first-ever interview to the Arabian Business. In the interview published on Friday, Kusama and Dhairya disclosed previously unknown facts about their past lives. For instance, Kusama, who speaks six languages, used to be an Uber driver in Los Angeles,…
The following is a guest post by Aki Balogh, CEO & Co-founder of DLC.Link Bitcoin (BTC) entered 2023 with immense promise. Though subject to natural ups and downs, its momentum hinted at a maturing asset class poised for mainstream adoption. A year later, that promise has grown even further – particularly around the evolution of…
Kraken Head of Strategy Thomas Perfumo said spot Ethereum (ETH) ETFs could help the crypto sector while commenting on political developments in the US. On July 12, Perfumo told Bloomberg that spot Ethereum ETFs would attract capital flows while attracting attention to crypto, noting: “It’s a rising tide, lifts all boat story. “ Perfumo further…
Bitcoin miner Bitfarms will hold a shareholder vote in October regarding Riot Platform’s takeover bid, according to a July 12 statement. The miner stated that its shareholders of record as of Sept. 26, 2024, will be able to vote at the special meeting it convened at Riot’s behest. Takeover bid This marks the latest development…
Available exclusively via What can regional trends tell us about the Bitcoin market? Andjela Radmilac · 4 days ago CryptoSlate’s latest report dives deep into Glassnode’s regional supply and price metrics to analyze their changes in the first half of the year.
The US Securities and Exchange Commission (SEC) has ended its investigation into stablecoin issuer Paxos. On July 11, Paxos announced that it received an investigations termination notice from the SEC a few days earlier on July 9. The notice confirmed that the regulator would not pursue enforcement action against Paxos Trust Company regarding the Binance…
The Energy Information Administration (EIA) said it could restart its attempts to survey crypto mining companies this year during a July 10 webinar. According to Bitcoin Magazine’s coverage, the agency’s attempts to reinitiate the survey could begin as soon as the current quarter. However, per the report, the Federal Registrar does not include any outstanding…
Republican presidential candidate and former US President Donald Trump has garnered increased support from his party following his recent embrace of cryptocurrencies, according to a new Paradigm-sponsored survey. Last month, Paradigm, a crypto-focused venture capital firm, polled 1,025 likely Republican voters’ views on the emerging industry, revealing their deep trust for the current financial system…
Bitwise CCO Katherine Dowling said spot Ethereum ETFs are “close to the finish line” while noting that the SEC is “quite welcoming” about discussions regarding other products. On July 9, Dowling told Bloomberg that the SEC and ETF issuers are addressing fewer issues in each S-1 amendment, pointing to a close launch. Dowling affirmed SEC…
North American Bitcoin miner Hut 8 has expanded its energy infrastructure platform to approximately 1.3 gigawatts after it secured a power purchase agreement (PPA) for a 205-megawatt site in West Texas, according to a July 9 statement shared with CryptoSlate. According to the miner, this site offers immediate access to power and marks the first…
Available exclusively via What can regional trends tell us about the Bitcoin market? Andjela Radmilac · 1 day ago CryptoSlate’s latest report dives deep into Glassnode’s regional supply and price metrics to analyze their changes in the first half of the year.
Available exclusively via What can regional trends tell us about the Bitcoin market? Andjela Radmilac · 21 hours ago CryptoSlate’s latest report dives deep into Glassnode’s regional supply and price metrics to analyze their changes in the first half of the year.
Available exclusively via What can regional trends tell us about the Bitcoin market? Andjela Radmilac · 1 hour ago CryptoSlate’s latest report dives deep into Glassnode’s regional supply and price metrics to analyze their changes in the first half of the year.
Roy Cooper, the governor of North Carolina, struck off a bill that would have banned the state from receiving payments in U.S. Federal Reserve-issued central bank digital currency (CBDC) on June 5. House Bill No. 690 would have also restricted the state from participating in any CBDC testing by the Federal Reserve. In a statement,…
Olubukola Akinwumi, the deputy director of the Central Bank of Nigeria (CBN), accused Binance of conducting transactions reserved for authorized banks and financial institutions on Friday, according to a local media report. Akinwumi’s accusations were part of his testimony in the lawsuit brought by the Economic and Financial Crimes Commission (EFCC) against Binance and its…
The following is a guest post from Shane Neagle, Editor In Chief from The Tokenist. Half a year after Bitcoin ETFs launched, it is safe to say that they have been the most successful ETF launch in history, having generated a $309.53 billion volume. Just within the first day of trading, spot-traded Bitcoin ETFs pulled…
OpenAI experienced a security breach in 2023 but did not disclose the incident outside the company, the New York Times reported on July 4. OpenAI executives allegedly disclosed the incident internally during an April 2023 meeting but did not reveal it publicly because the attacker did not access information about customers or partners. Furthermore, executives…
The European Banking Authority (EBA) has updated its Travel Rule guidelines to include crypto service providers and intermediaries, according to a July 4 statement. Starting Dec. 30, 2024, crypto exchanges in the European Union must follow the Travel Rule guidelines (EU-2023/1113). The rule mandates that exchanges report information on funds and crypto asset transfers. It…
Justin Sun claims to be interested in buying the German government’s extensive Bitcoin stash, estimated to be valued at $2.3 billion. In a July 4 statement on X, the Tron founder said: “I am willing to negotiate with the German government to purchase all BTC off-market in order to minimize the impact on the market.”…
Tracking and analyzing transfer volumes is crucial for understanding the underlying economic activity within the Bitcoin network. Spikes in transfer volumes show heightened market participation, either from new entrants and institutional investors — usually during bull runs — or significant transactions by existing participants — usually during downturns. While spikes in transfer volumes usually come…