After a powerful rally, Bitcoin appears to have hit a degree of near-term exhaustion. The uptrend encountered resistance this week, breaking to a new yearly peak of $44.5k before sustaining the third sharpest selling-off of 2023. On-chain data suggest that short-term holders (STH) are to blame for pausing the climb. Bitcoin Short-Term Holders Capitalize on […]
Bybit launches Spot X aggregator to enhance trading experience
Bybit, the third largest crypto exchange by volume, announced the launch of Spot X to enhance the trading experience of its 20 million global users
BONK, PEPE and SHIB are a menace to crypto
Memecoins are a gamble — and they’re almost always scams. What motivates crypto buyers to continue losing their money for bad reasons?
Defi lenders and crypto bridges lead exploits in 2023
A report from IntoTheBlock showed that defi hacks are on course to post the lowest losses seen in two years despite over $1.7 billion stolen in November alone.
Worldcoin (WLD) Price Surges 10% After Major Integrations with Shopify, Mercado Libre, and More
Worldcoin has announced its integration with major platforms, including Shopify, Mercado Libre, Minecraft, Reddit, and Telegram. The company’s reach is expanding, with recent onboarding operations commencing in Mexico and Singapore. Its ambition to make Orbs available worldwide is part of a broader strategy to achieve mainstream adoption despite facing challenges like the recent ban in […]
Profitable Bitcoin supply nears cycle peak, could precede market correction
Quick Take Analyzing the supply dynamics of Bitcoin reveals a telling story of profit and loss convergence, a significant indicator of market fluctuations. Of the approximately 19.3 million Bitcoin in circulation, an estimated 17.3 million are in profit, leaving 1.9 million at a loss. The convergence of supply in profit and loss – where losses […]
Exclusive RWAs to catapult crypto into uncharted territories, open new avenues
“The next generation for markets, the next generation for securities, will be tokenization of securities,” said Larry Fink, BlackRock CEO. He is not wrong. The securities industry played a key role in making tokenization visible and popular. But with recent innovations, asset tokenization is now way bigger than financial securities. With a $16 trillion market […]
Uniswap forays into Bitcoin sidechain by integrating with Rootstock
Uniswap v3 is deployed on Rootstock, merging Ethereum smart contracts with Bitcoin security, expanding DeFi opportunities in crypto. GFX Labs integrates Oku trading terminal into Uniswap for Rootstock, offering advanced tools and efficient management for liquidity providers. Attention cryptocurrency enthusiasts and blockchain technology followers! Shocking news is sweeping the crypto world: Uniswap, the giant of […]
SSV.Network Unveils Its Novel Permissionless ETH Staking Infrastructure
Ethereum staking platform SSV Network enhances Ethereum staking for all users by launching its DVT-powered staking mechanism. Continue reading at DailyCoin.
CFTC Chair clarifies crypto assets as commodities amid regulatory struggle
In a recent CNBC interview, CFTC Chair Rostin Behnam declared most crypto assets as commodities under current law.