Data from IntoTheBlock reveals a significant shift in holding patterns for Ethereum (ETH) and Bitcoin (BTC) in 2024. While the number of long-term Ethereum holders steadily increased, Bitcoin witnessed a decline, suggesting growing confidence in ETH’s long-term prospects. IntoTheBlock, citing its platform data, reported that the percentage of Ethereum holders holding their tokens for over … Read more
Solana’s SOL token has fallen below $200 after failing to break resistance. This drop coincides with a broader market decline, but SOL underperformed with a 5.1% correction. Here are key concerns: Decreased On-Chain Volume: Solana’s on-chain transaction volume has dropped 30% in a week, ranking second-worst among top blockchains. DApp Activity Slumps: Usage of popular … Read more
Kyrgyzstan, a country known for its abundant hydroelectric resources, experienced a sharp decline in tax revenue from cryptocurrency mining in 2024, despite a global rise in crypto valuations. The Ministry of Economy and Finance reported that the nation collected only 46.6 million Kyrgyzstani soms (approximately $535,000) in mining taxes this year, a significant 50% decrease … Read more
Recent whale activity surrounding Chainlink ($LINK) has sparked speculation about a potential shift in the altcoin’s price momentum. Large Whale Movements: A significant whale recently deposited 250,000 LINK (worth $5.37 million) to Binance and OKX, following a series of withdrawals earlier in the month. This suggests strategic repositioning by large investors. Potential for Rebound: … Read more
Avalanche (AVAX) has emerged as a prominent player in the blockchain space, renowned for its speed and reliability. Capable of processing over 4,500 transactions per second (TPS), it ranks among the fastest blockchains available today. However, the recent price decline of AVAX, mirroring broader market trends, has raised questions about its short-term prospects. A … Read more
Crypto analyst Inmortal predicts that Bitcoin (BTC) could reach its peak between September and October 2025, based on historical cycle analysis. The analyst observes that Bitcoin typically takes around 1,064 days to ascend from a cycle low to its peak. Considering November 2022 as the likely bottom for the current cycle, when Bitcoin dipped to … Read more
Tether, the dominant stablecoin, faces a crucial deadline as Europe’s Markets in Crypto-Assets (MiCA) regulation requires it to obtain an e-money license by December 30th. Failure to comply could result in delisting from European crypto exchanges, potentially disrupting the market. Tether’s role as a cornerstone in crypto transactions and its widespread use in USDT trading … Read more
Ethereum’s NFT trading volume surged to $186 million last week, marking a significant 67% increase from the previous week’s $111 million and reaching a three-month high. This surge contrasts sharply with the activity on other chains, with Bitcoin, the second-largest NFT ecosystem, recording only $33 million in weekly volume. The primary driver of this surge … Read more
The National Bank of Cambodia (NBC) has made a significant shift in its crypto stance, authorizing commercial banks and payment institutions to offer services involving Category 1 crypto assets, such as stablecoins. This move, outlined in a directive issued on December 26, marks the first time the NBC has approved such services. However, the directive … Read more
The United States and South Korea have formalized a partnership to enhance cybersecurity and combat the growing threat of North Korean-backed crypto heists. The collaboration aims to develop advanced tools and strategies to: Thwart cyberattacks on cryptocurrency systems. Track and recover stolen funds. **Investigate and disrupt ransomware and other illicit activities that exploit cryptocurrency. This … Read more