Category Archive: Cryptocurrency, No picture
Irys unveils first-of-its-kind Layer 1 datachain for enhanced onchain infrastructure
Key Takeaways Irys’ Layer 1 datachain combines data storage and execution into one blockchain. The platform supports development across multiple blockchains including Ethereum and Solana. Irys, a company focused on scalable on-chain data solutions, is transitioning to a new Layer 1 programmatic datachain, the first of its kind, that combines data storage and execution into […]
Compound settles ‘governance attack’ as COMP surges 7% with new staking plan
Key Takeaways Compound Finance has launched a new staking product allocating 30% of market reserves to COMP holders. The new staking initiative follows a settlement with crypto whale Humpy over a controversial $24M COMP allocation. Compound Finance has reached a settlement with crypto whale Humpy and his Golden Boys group, defusing a contentious “governance attack” […]
Bitcoin held by governments near $33 billion mark
Key Takeaways US government holds the largest Bitcoin reserve at 213,297 BTC, worth $14.82 billion. El Salvador actively purchases 1 Bitcoin daily as part of its national crypto adoption strategy. Governments worldwide hold 2.6% of Bitcoin’s (BTC) circulating supply, totaling 471,380.6 BTC worth $32.7 billion as of July 29, 2024. As reported by CoinGecko, the […]
SEC seeks complaint amendment to redefine crypto asset securities, potentially including SOL
Key Takeaways SEC plans to redefine crypto securities in Binance lawsuit. Due to the impending amendment, the court will postpone its decision on the sufficiency of the original allegations regarding these securities. The US Securities and Exchange Commission (SEC) is seeking to amend its complaint against Binance Holdings, Binance.US, and Binance’s former CEO Changpeng Zhao, […]
BlackRock Bitcoin ETF attracts $205 million inflows amid market stagnation
Key Takeaways BlackRock’s iShares Bitcoin Trust recorded $205 million in net inflows on Monday. BlackRock’s iShares Bitcoin Trust (IBIT) outperformed its ETF peers on Monday, attracting around $205 million in net inflows while the rest of the market reported either losses or zero net flows, data from Farside Investors shows.US spot Bitcoin ETF flows on […]
Compound DAO faces potential whale control after proposal approval
Key Takeaways Compound DAO approved Proposal 289, granting 499,000 COMP tokens to a single user. The proposal raises concerns about potential single-entity control of Compound’s governance. Compound governance approved Proposal 289 on July 28th, which consists of giving 499,000 COMP tokens to a user named Humpy to create a yield vault. The amount was equivalent […]
Solana’s daily volume suddenly outpaces Ethereum, going over $2 billion – here’s why
Key Takeaways Solana’s DEX trading volume surpassed $2 billion due to Neiro memecoin trading. Multiple Neiro variants have emerged, leading to debates over the authentic version. Solana’s decentralized exchanges (DEXs) are stealing the spotlight, with trading volumes that would make even Ethereum blush. What’s behind this sudden surge? It’s all about the dogs – or […]
US government moves $2 billion in Bitcoin, price dips 1.3%
Key Takeaways US government moved 29,800 BTC worth $2 billion from seized Silk Road funds. Bitcoin price dropped 1.3% following the transfer, trading at $66,890.12. The US government’s Bitcoin (BTC) wallet containing Silk Road’s seized funds moved roughly 29,800 BTC to different addresses today, on-chain data shows. The amount is equivalent to over $2 billion, […]
Blockchain TVL and ETH fees are top indicators for predicting token price surges, data shows
Key Takeaways TVL and fees in ETH are the best predictors of short-term token price movements. On-chain metrics outperform social sentiment in forecasting crypto price changes. Nansen and Bitget Research have released a report analyzing on-chain metrics as predictors of crypto token prices. Key findings suggest that on-chain activity, particularly total value locked (TVL) and […]
Ethereum ETF launch propels crypto fund inflows to record $20.5 billion
Key Takeaways New Ethereum ETFs attracted $2.2bn in inflows, while Grayscale’s trust saw $1.5bn in outflows. Digital asset investment products reached $99.1bn in total assets under management. Spot Ethereum exchange-traded funds (ETFs) started trading in the US market last week, attracting $2.2 billion in inflows, but faced selling pressure from incumbent products. As reported by […]
