Over the past 18 days, 27 distinct liquid staking derivatives (LSD) protocols have experienced withdrawals amounting to approximately 50,000 ether, valued at $146.72 million. The most significant reductions occurred in the LSDs Swell and Mantle, with Swell’s ether holdings decreasing by 23,078 ether since April 28, 2024. LSD Protocol Reductions Continue Despite Minor Gains for […] Source CryptoX Portal
“Compared to the U.S., the south of Oman has a few geopolitical advantages that are unique. It is very good for connections, as it’s next to submarine cables landing. It has, low [cost] electricity, reduced political risk, and favorable weather conditions for data centers,” said Olivier Ohnheiser, CEO of Green Data City, an Oman crypto-mining firm, told CoinDesk during Bitmain’s World Digital Mining Summit in Oman at the end of March. Source
Chainlink (LINK) has enjoyed a sharp surge of more than 21% over the past 24 hours. Here’s what data suggests could be behind this rally. Chainlink Has Surprised Crypto Market With Breakout In The Past Day While most cryptocurrency sectors have seen flat or small green returns over the last 24 hours, Chainlink has shown a decoupling as it has observed some sharp bullish momentum in this window. Related Reading Here is a chart that displays how LINK’s recent performance has looked like: The price of the asset appears to…
Introduction to Wormhole Messaging Wormhole Messaging is a groundbreaking protocol that addresses the challenge of isolated blockchain systems by enabling the secure and free flow of information and value across various chains. This innovative technology effectively connects all these isolated systems through a messaging layer secured by the battle-tested Guardian network. How Does Wormhole Messaging Work? Wormhole Messaging serves as an intermediary that facilitates communication between different blockchains, each operating as an independent network with its own rules and data formats. The protocol ensures that…
Bitcoin (BTC) surged above $67,000 early Friday, reversing Thursday’s dip below $65,000. This uptick coincides with a resurgence in inflows into spot bitcoin ETFs, marking four consecutive days of positive additions. The week has also been notable for the disclosure of significant BTC ETF holdings by major institutional players. Morgan Stanley, for example, revealed a substantial $269.9 million investment in Grayscale’s GBTC yesterday. Ether’s Potential for Upside Surprises While Ethereum (ETH) has underperformed compared to other major digital assets this year, it shows potential for significant upside. The second-largest cryptocurrency,…
A crypto analyst has made a daring prediction for Ethereum (ETH), setting the timeline for when the world’s second-largest cryptocurrency would embark on a significant rally to new all-time highs above $10,000. Here’s When Ethereum Will Reach $10,000 A crypto analyst identified as ‘Yoddha,’ on X (formerly Twitter) has announced the timeline for Ethereum’s ascent above $10,000. According to Yoddha, Ethereum is expected to rally massively after a period of accumulation and decline, continuously rising above $10,000 by the end of the year. Related Reading The analyst’s ambitious predictions are…
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The price of bitcoin surpassed the $67,000 mark on Friday, reaching a peak of $67,482 per unit, the highest value since late April. This increase has resulted in the liquidation of nearly $45 million in leveraged bitcoin short positions over the past day. $120M in Crypto Positions Liquidated as Bitcoin Climbs Above $67K Bitcoin short […] Original
Since the Hong Kong spot bitcoin exchange-traded funds (ETFs) began trading, their performance has been underwhelming, with three ETFs accumulating around $228 million in net assets. Inconsistent Inflows and Outflows Mark Hong Kong Bitcoin ETFs’ First Weeks On Thursday, the spot bitcoin ETFs in Hong Kong experienced net negative outflows of approximately 104.79 BTC, valued […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Spot Bitcoin ETFs offset April losses in the first two weeks of May. Eric Balchunas, Senior ETF Analyst for Bloomberg, noted that Bitcoin ETFs have already seen $1.3 billion in inflows in May, offsetting all of the negative inflows in April for a total inflow of $12.3 billion since launch. The bitcoin ETFs have put together a solid two weeks with $1.3b in inflows, which offsets the entirety of the negative flows in April- putting them back around high water mark of +$12.3b net since launch. This key number IMO…