More than 490,000 individual wallets claimed 420 million starknet (STRK) tokens in the 24 hours after the highly anticipated airdrop went live, with the token’s market cap remaining above $1.2 billion. Source
Data shows social media users aren’t yet showing FOMO around Bitcoin, a sign that the current rally could still have the potential to continue. Bitcoin Social Volume Hasn’t Been Too High Recently According to data from the analytics firm Santiment, the crowd FOMO that may be associated with a rally like BTC has seen recently hasn’t yet cropped up on social media. The indicator of interest here is the “Social Volume,” which keeps track of the total amount of discussion any given topic or term is receiving on the major…
As someone who’s served at the Department of Energy (DOE), I believe the orders offer some key opportunities. While most of the mining community agrees the requests are politically motivated by certain members of Congress, the EIA statute directs agencies to pursue information gathering functions in support of requests from Congress, the DOE and others. Some of the questions are standard for the data gathering process and could help promote adoption of a much-needed uniform, consistent reporting framework for our burgeoning industry. Source
From hot to cold wallets, here’s a look at the top five crypto wallets leading the charge in security and convenience. With more than 420 million crypto users worldwide, including significant user bases in Europe and the U.S., the importance of selecting a good crypto wallet cannot be overstated. These digital wallets not only secure your cryptographic keys—essential for accessing your digital assets—but also facilitate the sending, receiving, and monitoring of your crypto assets. The types of wallets available range from hot wallets (online wallets accessible through the internet) to…
Liquid restaking protocols based on EigenLayer are offering “point” incentives attached to the vague prospect of future airdrops, but the trend carries risks. Source
The price of Avalanche’s AVAX token has dipped by 11% in the past week, bucking the bullish trend in the broader cryptocurrency market. This comes amidst a $365 million unlocking event that increased the token’s circulating supply by 2.6%. Experts suggest both short-term challenges and long-term opportunities for AVAX. Unlocking Event Triggers AVAX Price Dip Source: Token.Unlocks Token.Unlocks data indicates that on Thursday, locked-up tokens valued at approximately $303 million will be released from vesting and put into circulation. On February 15th, a significant unlocking event saw 9.5 million AVAX…
Bitcoin is currently experiencing a retracement after rising to as high as $53,000 on February 20. This recent dip has, however, not deterred Bitcoin whales, with these investors rather seeing it as an opportunity to accumulate more of the flagship crypto token. Inflows To Accumulation Addresses Hit All-Time High Ki Young Ju, the founder and CEO of the on-chain analytics platform Crypto Quant, revealed in an X (formerly Twitter) post that inflows into accumulation addresses have reached an all-time high (ATH) of 25,300 BTC. Young then highlighted the significance of…
As bitcoin navigates through the volatile waves of the crypto market, its price on Feb. 21, 2024, reflects a complex interplay of market dynamics. Oscillating between $50,820 and $52,902 within a 24-hour frame, the leading digital currency continues to showcase significant trading activity. With a market capitalization over the $1 trillion mark, bitcoin traders are […] Original
Fairshake, a super political action committee (PAC) backing crypto-friendly candidates, has now received funding of a total of $4.9 million from billionaire twins Cameron and Tyler Winklevoss, Bloomberg reported, citing the latest federal filings. The twins, who are co-founders of crypto exchange Gemini and heavyweight bitcoin (BTC) investors, were initial investors in Fairshake, revealed in the first announcement on Dec. 18, 2023. They join a list of high-profile crypto investors backing the super PAC, including Andreessen Horowitz (a16z) and ARK Invest as well as crypto companies such as Circle, Ripple,…
Bitcoin experienced a tumultuous day yesterday, with its price briefly touching $53,000 before plummeting to a low of $50,820. Amid this price volatility, an unexpected phenomenon caught the eye of market analysts: a dramatic surge in trading volumes for certain Bitcoin ETFs. Bloomberg’s Eric Balchunas provided a detailed account of this anomaly on X, particularly focusing on the VanEck Bitcoin ETF (HODL) and its astonishing increase in trading volume. He remarked, “HODL is going wild today with $258m in volume already, a 14x jump over its daily average, and it’s…