Category Archive: Cryptocurrency, No picture
RWA is the best-performing crypto sector in Q2: Artemis data
Key Takeaways RWA tokens grew 28% in Q2, outperforming all other crypto sectors. AI-related tokens saw the steepest decline at 60.7% in Q2. Data aggregator Artemis shows that real-world assets (RWA) tokens grew nearly 28% on average during the second quarter, outshining other crypto sectors. The tokens tracked by Artemis to get the average are […]
Football star Lionel Messi shills token on Instagram and price soars 400%
Key Takeaways Lionel Messi’s Instagram post of Water (WATER) token led to a 400% price surge in three hours. On-chain tracker warned of 35% supply concentration in a group of wallets. Football star Lionel Messi shared with his 504 million followers on Instagram the image of a Solana-based meme coin named Water (WATER), as reported […]
Bitcoin bottom is in, but market news still pose threat: Bitfinex
Key Takeaways Bitcoin prices dropped to $53,219 on July 3rd but showed signs of stabilization over the weekend. Market data indicates a potential local bottom, with narrowing volatility spread and negative funding rates. Bitcoin prices rebounded after dropping below $53,219 on July 3rd, reaching a potential local bottom according to the latest edition of the […]
VanEck files S-1 for spot Ethereum ETF
Key Takeaways VanEck has officially filed an S-1 for a spot Ethereum ETF with the SEC. The SEC’s decision on VanEck’s Ethereum ETF is highly anticipated. Asset management firm VanEck has officially submitted an S-1 registration form to the US Securities and Exchange Commission (SEC) for a spot Ethereum exchange-traded fund (ETF). The filing represents […]
Solana dominates altcoin inflows as investors buy last week’s dip
Key Takeaways Crypto investment products saw US$441m inflows, with Bitcoin accounting for 90% of the total. Solana emerged as the best-performing altcoin, with US$57m in year-to-date inflows. Crypto investment products saw inflows of US$441 million last week, as investors viewed recent price weakness as a buying opportunity, according to asset management firm CoinShares. The sell-off […]
‘Asia’s MicroStrategy’ Metaplanet buys another ¥400 million worth of Bitcoin
Key Takeaways Metaplanet has acquired an additional 42.47 BTC, increasing its total holdings to over 203 BTC. The company’s Bitcoin strategy is part of a broader trend among global firms using cryptocurrency as an economic hedge. Metaplanet, a publicly traded company listed on the Tokyo Stock Exchange and often compared to MicroStrategy, has acquired an […]
Layer3 increases initial airdrop to 7.5% of total supply ahead of token launch
Key Takeaways Layer3’s airdrop increase to 7.5% supports its vision for a scalable omnichain infrastructure. With new funding, Layer3 plans to expand its team and operations, targeting growth in the APAC region. Layer3, a community-driven initiative focused on building an omnichain infrastructure for distribution, identity, and incentives, has adjusted its tokenomics and increased the initial […]
Bitcoin needs a weekly close above $60,600 to avoid further correction
Key Takeaways Bitcoin is nearing a 26% pullback in 46 days, its deepest retrace of the current cycle. A weekly close above $60,600 is crucial for Bitcoin to maintain its current accumulation range. Bitcoin (BTC) is currently in its deepest retrace of the current cycle, nearing a 26% pullback in 46 days. According to a […]
Post-Mt. Gox payouts lead to worst crypto liquidations day since FTX collapse
Key Takeaways Mt. Gox’s fund transfer triggered over $1 billion in crypto liquidations, the largest since FTX collapse. Bitcoin price dropped 6% following the Mt. Gox transfer, despite previous studies suggesting minimal market impact. The news of Mt. Gox moving Bitcoin (BTC) and Bitcoin Cash (BCH) to a new wallet prompted a 6% on BTC’s […]
Crypto exploit incidents rose 50%, with losses topping $1.43B in H1 2024 — report
Key Takeaways Blockchain security incidents increased by 50% in the first half of 2024. Ethereum and DeFi sectors suffered the most, with Ethereum losing $400 million. For the first half of 2024, the blockchain industry faced unprecedented challenges as security incidents soared to new heights, resulting in staggering losses of $1.43 billion.A comprehensive report released […]
