Shiba Inu, the second-largest meme coin by market capitalization, has been experiencing a surge in daily active addresses. This increase, surpassing 3,500, represents a 13% growth and indicates a rising interest in the asset. This uptrend in active addresses may suggest a growing demand for SHIB and a heightened level of investor interest. If the
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Investment products tied to Solana have experienced a significant outflow of funds, totaling $3 million in the past week. This surge in outflows is a clear indication that investor confidence has been shaken following a network outage that lasted five hours earlier this month. The outage was caused by a bug that led to transactions
The recent surge of Ethereum purchases attributed to a wallet potentially linked to Justin Sun, founder of TRON and BitTorrent CEO, has caused a stir in the cryptocurrency community. The wallet in question acquired 13,780 ETH, valued at around $41.24 million, adding to a total of 168,369 ETH worth approximately $487 million. These acquisitions were
A recent legislative move by a group of Senate Republicans, spearheaded by Senator Ted Cruz of Texas, has brought the issue of central bank digital currencies (CBDC) into the spotlight. The proposed bill, known as the Central Bank Digital Currency Anti-Surveillance State Act, aims to restrict the Federal Reserve’s ability to introduce a CBDC without
Bitcoin ETFs have been making waves in the investment industry, with Bloomberg analysts predicting that they could soon surpass gold ETFs in terms of size. This prediction comes after Bitcoin ETFs absorbed over $5 billion in inflows within just a few weeks of their launch. According to Eric Balchunas and Andre Yapp of Bloomberg Intelligence,
Recent trading activity of Bitcoin ETFs indicates a slowdown in outflows from Grayscale’s Bitcoin Trust (GBTC). This change comes as investor concerns regarding Grayscale’s Spot ETF appear to be easing. The entire ETF sector continues to experience significant trading volumes and rapid growth in assets under management, pointing to a positive trend in the market.
Bitcoin’s price surge from under $20,000 to over $50,000 since June 2023 has been attributed to the anticipation and approval of spot Bitcoin ETFs in the United States. While institutional investors have shown great interest in Bitcoin, retail traders have not fully joined the market. The question now arises whether the arrival of retail investors
In the vast world of cryptocurrencies, a new player has emerged on the scene that is catching the attention of investors and enthusiasts alike. Mollars (MOLLARS), a new token currently in presale on the Ethereum Blockchain, is positioning itself to become a prominent store-of-value (SoV) token within the cryptocurrency market. With a limited maximum supply
In the world of cryptocurrency, predictions and speculations about the price of Bitcoin are common occurrences. One such prediction comes from the crypto financial services platform Matrixport, which has set a bullish target of $63,000 for Bitcoin. This prediction is based on various factors that are expected to drive the price of BTC to new
In a recent turn of events, the Energy Information Administration (EIA) has decided to halt its controversial survey of crypto mining firms due to a lawsuit filed by Riot Platforms and the Texas Blockchain Council. This decision came after the lawsuit was launched on Feb. 22, naming the EIA, the Department of Energy, the Office