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
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
Cryptocurrency exchange OKX today introduced USDT-margined perpetual futures contracts for two AI-focused digital assets: GRIFFAIN and ZEREBRO. GRIFFAIN, an AI-powered platform enabling users to create and deploy customized AI agents for automation, will have its futures contract listed at 7:00 AM UTC. ZEREBRO, an AI platform for decentralized social media content creation and analysis, will … Read more
The Floki cryptocurrency project is set to launch an Exchange-Traded Product (ETP) on the SIX Swiss Exchange in early 2025. This follows a resounding approval from the Floki DAO, with 99.9% of votes in favor of allocating liquidity for the ETP’s establishment. This move positions Floki as the only memecoin besides Dogecoin to have an … 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 Bitcoin ETF market continues to evolve with the introduction of novel investment strategies. ProShares has filed applications for a series of hedge ETFs that aim to provide Bitcoin exposure while mitigating risks. These ETFs will combine long positions in traditional assets like stocks (S&P 500, Nasdaq 100) and gold with short positions on the … Read more
Magic Eden’s native token (ME) rallied in late December, driven by increased trading activity on the platform. This surge coincided with a listing on Binance and a significant airdrop, though experts caution against overinterpreting this as a broader NFT market revival. Key Takeaways: Trading Volume Rebound: December saw a 65% increase in trading volume compared … Read more
Bitwise and Strive are leading the charge in innovative Bitcoin ETF strategies, focusing on companies that actively utilize the cryptocurrency. Bitwise Bitcoin Standard Corporations ETF: This ETF targets companies holding at least 1,000 Bitcoins in their reserves. Uniquely, it weighs companies based on their Bitcoin holdings, not just market capitalization, prioritizing companies with significant BTC … Read more
The United States has regained its dominant position in the global cryptocurrency market, fueled by Donald Trump’s re-election as president and the growing popularity of cryptocurrency derivatives and exchange-traded funds (ETFs), according to a Bloomberg report. ETF Launch Ignites U.S. Crypto Market Surge The resurgence began with the successful launch of a Bitcoin ETF in … Read more
The crypto market is experiencing a significant decline in volatility, as evidenced by a sharp drop in liquidations. Data from CoinGlass reveals that total liquidations over the past 24 hours have reached $240 million, a substantial decrease from the over $1 billion recorded on multiple occasions last week. Bitcoin, Dogecoin, and XRP Bear the Brunt … Read more