Crypto analytics firm Arkham claims to have identified the bitcoin holdings of Elon Musk’s companies, Tesla and Spacex. “The on-chain fund flows we’ve identified match financial statements from Tesla and Spacex,” the firm detailed, stating: “We are the first to publicly identify these holdings on chain.” Bitcoin Holdings of Tesla and Spacex Crypto analytics firm […] Source CryptoX Portal
On-chain data shows a Bitcoin metric has recently hit levels that have historically led to corrections in the cryptocurrency’s price. Bitcoin Is Currently 40% Above The Cost Basis Of Short-Term Holders CryptoQuant Netherlands community manager Maartunn explained in a post on X that the BTC price is currently 40% above the cost basis of the short-term holders. The indicator of interest here is the “Market Value to Realized Value (MVRV) ratio,” which is an indicator that keeps track of the ratio between the Bitcoin market cap and the realized cap.…
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. The actions of whale investors, or those holding substantial amounts of cryptocurrency, can signal shifts in the market. Their movement towards new ventures and away from established giants can highlight emerging opportunities and trends, offering clues to retail investors about where the market is heading and which projects may offer promising returns. As Shiba Inu (SHIB) experiences…
The Ethereum liquidity staking protocol Rocket Pool is on the brink of a massive transformation with the incoming Dencun upgrade. As one community advocate points out, this change is primarily due to the enhancements the Houston upgrade will tag. Eyes On Dencun Upgrade In a recent post on X, the advocate explained that the Dencun upgrade, scheduled to go live in mid-March 2024, will pave the way for the implementation of the Houston upgrade. The Houston upgrade, in turn, aims to improve Rocket Pool’s scalability and efficiency. The Dencun upgrade must first…