Amidst the current downturn in the market cycle, investor sentiment in the digital asset market remains uncertain. Glassnode’s analysis reveals clear signs of a resurgence in HODLing and accumulation despite the prevailing market conditions. Following bitcoin’s all-time high in March, there was a phase of supply distribution across wallets of varying sizes. However, in recent
Ethereum’s Layer 2 ecosystem has been experiencing a surge in activity, with daily transaction volumes hitting an all-time high. According to recent data, the ecosystem saw a record 12.42 million transactions on August 12, showcasing the scalability and growing user engagement of these networks. Leon Waidmann, head of research at the Onchain Foundation, highlighted the
Bitcoin’s price surged by nearly $2,000 in just one day, driven by the release of better-than-expected core PPI numbers in the United States. The leading cryptocurrency experienced a positive end to the previous business week, reaching almost $63,000 on Friday. This marked a significant recovery of over $13,000 since its drop to a 6-month low
Samuel Edyme, also known as HIM-buktu, is a multifaceted individual in the world of web3 content writing, journalism, and trading. His path into the realm of cryptocurrencies was not paved with success from the start but rather with a scam that involved a Ponzi scheme using crypto as payment. Instead of being deterred by this
There has been a significant amount of buzz in the crypto community surrounding Ethereum’s potential to experience a massive breakout. Crypto analyst Javon Marks, for example, has made a bold prediction that Ethereum could see a 75% increase and reach $4,723. Other analysts, such as Altcoin Daily and Poseidon, have also expressed optimism about Ethereum’s
Coinbase has raised concerns about the flaws in the US Securities and Exchange Commission’s cost-benefit analysis of the proposed rule. The crypto exchange pointed out that the SEC failed to properly assess the economic impact of the rule on efficiency, competition, and capital formation. By not considering critical information on decentralized exchange (DEX) operations and
Upland, the virtual property trading game, recently reached a major milestone by adding Paris to its Metaverse. This significant expansion allows players to own and develop virtual properties in one of the world’s most famous cities. With the unveiling of Paris, Upland has taken a step towards enhancing the overall gaming experience for its users.
Peter Brandt, a veteran crypto analyst, recently discovered an inverted or expanding triangle pattern in Bitcoin (BTC). This pattern, as analyzed through classical charting principles, has significant implications for Bitcoin’s price trajectory. Brandt’s assessment of the technical pattern formation sheds light on potential outcomes for Bitcoin’s price movements. Brandt’s examination of the chart revealed two
The defunct crypto hedge fund, Three Arrows Capital (3AC), is currently embroiled in a $1.3 billion lawsuit against TerraForm Labs, a bankrupt digital assets company co-founded by Do Kwon. The liquidators of 3AC are accusing TerraForm Labs of manipulating the market for Luna and TerraUSD, resulting in artificially inflated prices for these tokens. This alleged
The current market condition has placed many new Bitcoin investors in a state of financial stress. Metrics such as the Short-Term Holder MVRV (Market Value to Realized Value) and the standard deviation (SD) of the short-term holder Cost-Basis illustrate that newer market participants are facing significant losses on their bitcoin investments. The Short-Term Holder MVRV
