Share: Ethereum supply on exchanges hit an all-time low, 8.04% of the asset’s total supply is in exchange wallets. ETH price gears up for a recovery alongside rise in active addresses on the Ethereum chain. ETH price sustains above … [Continue reading]
Bitcoin price reaction to likely Spot ETF approval could disappoint BTC holders
Share: Bitcoin Spot ETF’s likely approval by the SEC could promote inflow of over $100 million to the securities product in the short term. Director of Digital Assets Strategy at VanEck says people tend to overestimate the initial impact of Spot … [Continue reading]
Orbit Chain hackers ring in New Year with $81.4 million exploit
Share: Orbit Chain cross-chain bridge suffered an exploit resulting in a loss of Tether, DAI, USDC, wBTC and ETH worth nearly $81.4 million. The exploiter drained the bridge and sent assets to a new wallet. Blockchain security firm … [Continue reading]
Bitcoin Spot ETF approval may fail to catalyze BTC price rally for these reasons
Share: Bitcoin Spot ETF’s likely approval next Tuesday failed to stir volatility in futures markets. Options data for January 12 has a strong correlation with Bitcoin Spot ETF. Options Implied Volatility fell rather than rising and the … [Continue reading]
Litecoin hits over 1 million daily transactions for the first time in 2023 alongside LTC price rally
Share: Litecoin active addresses climbed consistently between November 11 and December 31. LTC daily transactions hit a record 1 million for the first time in 2023, while Litecoin price rallied. Litecoin yielded nearly 7% gains in the … [Continue reading]
Vitalik Buterin proposes to solve Ethereum design’s weakness through update
Share: Ethereum co-founder Vitalik Buterin shared an updated roadmap for ETH 2023 appreciating progress made by ETH Layer 2s. Vitalik did not commit to a timeline for changes to Ethereum and noted that they are ordered according to … [Continue reading]
Spot Bitcoin ETF decision by the SEC could be out by January 3: Reuters report
Share: Spot Bitcoin ETF issuers could hear from the SEC as soon as Tuesday or Wednesday according to a Reuters report. ETF issuers are meeting their end of the year deadline for filing revisions in order to prepare for a probable launch on January … [Continue reading]
China NBS Non-Manufacturing PMI came in at 50.4, below expectations (50.5) in December
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
China NBS Manufacturing PMI came in at 49, below expectations (49.5) in December
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Bitcoin price sustains above $41,500 despite rising BTC exchange supply
Share: Bitcoin exchange supply has climbed steadily in the past three days. BTC price sustained above $41,500 on Saturday, as statistics reveal that over 30% of Bitcoin supply is considered lost. Bitcoin price is in an uptrend despite … [Continue reading]