Bitcoin ETF, CPI, inflation dominate crypto discourse

Santiment data shows that the most trending topics in the crypto part of social media concern the Bitcoin exchange-traded fund (ETF), the consumer prices index (CPI) and inflation. Crypto social media mid-term trends. | Source: Santiment Bitcoin (BTC) ETF discussions being at the top of the list is hardly surprising. Many market participants are anticipating a spot Bitcoin ETF to be soon approved and the whole crypto market to be carried to new heights by this newfound accessibility — especially by more strictly regulated financial institutions. On Jan. 4, Bitcoin’s…

XRP slips down crypto top 10 charts amid competition from new tokens

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP falls off the top ten cryptocurrencies by trading volume amid 1 billion token unlock. NuggetRush presale raises over $1.5 million. Silly Dragon’s trading volume rising. The cryptocurrency market has been on an uptrend as the approval of a Bitcoin (BTC) spot ETF approaches. On the contrary, XRP, once the most traded token of 2023, has fallen out of the top ten list of most traded coins.  New tokens…

Over 600 Addresses In Single Day

The starting point of 2024 has a positive outlook for the Maker (MKR) coin, suggesting that the year may be productive. Activity has increased, according to on-chain data, indicating a potential positive trend. Since the start of the year, the number of active addresses on a daily basis—a crucial indicator of user engagement—has increased significantly. Presently, there are more than 600 addresses trading MKR, which is a 4% rise from the original 590. This increase in involvement suggests that there is increasing momentum and interest in the token. Moreover, since…

North Korea Crypto Hackers’ Take Dropped to $600M in 2023: TRM Labs

Still, the figure is about 30% less than in 2022, TRM’s head of legal and government affairs, Ari Redbord, said. That year, DPRK-affiliated actors made off with around $850 million, “a huge chunk” of which came from the Ronin Bridge exploit, Redbord told CoinDesk in an interview. In 2023, most of the stolen funds were taken in the last few months; TRM attributed about $200 million in stolen funds to North Korea in August 2023. Source

Crypto ETPs Gained $2.2 Billion of Investment in 2023

Celestia’s TIA token gained over 22% in the past 24 hours, bucking the muted broader market trend, as investor interest in staking the token gained momentum alongside rising hype for the blockchain’s underlying technology. TIA traded at just under $17 in the early Asian morning hours Friday before giving back some gains. It recorded nearly $800 million in trading volume in the past 24 hours, its highest to date, data from CoinGecko shows. Staking involves locking coins in a cryptocurrency network in return for rewards. Doing so with TIA on…

Buy the rumor, sell the news? Not with Bitcoin’s ETF

Crypto market analyst known as Mr. Anderson on Twitter suggested that the old adage of “buy the rumor, sell the news” does not apply to the current situation. According to Anderson, selling when the Bitcoin (BTC) spot exchange-traded fund (ETF) is finally approved — as many market participants anticipate will happen very soon — is not a good idea. He wrote in a Jan. 2 tweet: There’s a big difference between saying Buy the Rumor, Sell the news 2-months ago vs saying it today.The point is that the big money…

What is happening with defi, once the market mover?

Explore defi’s initial promise in revolutionizing finance and its journey through market fluctuations and challenges. Emerging as a byproduct of the blockchain revolution, decentralized finance (defi) initially promised a radical shift in the financial sector. However, its journey has been marked by significant fluctuations and challenges. In 2021, DeFi experienced a surge, aligning with the broader bullish sentiment in the crypto market. Its market cap soared to nearly $180 billion in Nov. 2021, underlining the immense investor interest and confidence in this nascent sector.  This period was characterized by innovative…