Day: February 4, 2024

The Inside Scoop On The Massive $500 Million Weekly Flight

Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, has seen a significant exodus from centralized exchanges in recent weeks, with data suggesting a growing preference for holding the asset outside of trading platforms. At the time of writing, ETH was trading at $2,289, down 0.7% in the last 24 hours, but managed to gain 1.6% in the last week, data from Coingecko shows. Ethereum Outflow Hits $1.2 Billion According to blockchain analytics firm IntoTheBlock, a staggering $500 million worth of ETH exited exchanges last week, contributing to a total…

Bitcoin SV (BSV) Price Dips Following Coinbase Delisting

Bitcoin SV (BSV),  a hardfork of the Bitcoin token, has drawn much attention in the last day after top American exchange Coinbase announced its termination of support for the asset. Following this news, BSV’s price has taken a hit, falling by over 5% in the last 24 hours. Coinbase Ends Support For Bitcoin SV In an X post on February 3, Coinbase shared that it had officially withdrawn support for BSV on its platform. This announcement follows a previous post in December when the exchange first communicated its intentions to…

Solana-Based Altcoin Surges More Than 42% This Week Amid New Listing on Top Crypto Exchange Binance

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A Solana (SOL)-based altcoin rallied by more than 42% this week amid news that Binance is adding spot trading support for the digital asset. Pyth Network (PYTH) is an oracle network that aims to provide real-time financial data to smart contracts and decentralized applications (DApps). This week, the project’s native token PYTH soared to a seven-day high of $0.539 from a weekly low of $0.378, an increase of 42.59%. The 96th-ranked crypto asset by market cap has retraced from its recent high and is trading at $0.461 at time of…