Investors flock to Helium (HNT) after it showed strength despite the stagnating momentum of the market. According to CoinGecko, the token is up more than 21%, going against the market’s flat trajectory. This came after a cryptic post about Helium’s plans that might indicate a better future for the platform and its users. Related Reading With this in mind, HNT continues to be an attractive investment for both users of the platform and those who are chasing gains in the long term. But with the market’s stagnating momentum, investors and…
Month: August 2024
Solana forms bullish patterns as DEX volume, open interest slip
Solana price has been stuck in a deep bear market as the volume in its decentralized exchanges and futures open interest dipped. Solana (SOL) has risen for two consecutive weeks and was up by over 33% from its lowest point in August. Still, it remains in a bear market after falling by over 30% from the year-to-date high. Solana’s DEX volume retreats Its price action has mirrored that of other cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), which are all in a bear market. Solana’s sell-off has happened as the…
AAVE Soars 18% Amidst Adverse Market Conditions
With the general sentiment in the market cooling down, AAVE scores a win as it maintains high profitability even as the market dips slightly. According to CoinGecko, the token is up over 18% since last week, a sign that AAVE is continuing the market’s bullishness despite the latter grinding to a near stop. Related Reading AAVE is looking to expand the reach of its operations with a proposal that sees to activate the Aave v3 on zkSync, leveraging the latter’s rollup capabilities to keep transactions cheap for users. Yes To…
Bitcoin triggers bullish sentiment among investors, long-term holders
Bitcoin briefly touched a local high of $60,100 earlier today before hovering at around $58,894 at last check Sunday. The leading cryptocurrency is up for three straight days, but still in a consolidation phase. Bitcoin (BTC) daily trading volume decreased by 42% and is currently hovering around $14.7 billion. BTC price, whale activity and dormant circulation – Aug. 18 | Source: Santiment When an asset’s trading volume declines, it’s usually a sign of a cool-down and lower price volatility. According to data provided by Santiment, Bitcoin’s five-year dormant circulation is…
Hashrate Climbs 25 EH/s in 8 Days as Bitcoin Miners Adjust to Network Difficulty Reduction
While Bitcoin’s hashprice has been languishing below $44 per petahash per second (PH/s) each day, the network’s hashrate is beginning to climb once more. Between Aug. 9 and Aug. 17, the hashrate increased from 612 exahash per second (EH/s) to 637 EH/s, adding 25 EH/s over eight days. Miners Increase Bitcoin’s Hashrate After Difficulty Decline […] Original
Mt. Gox final repayments, Harris overtakes Trump, spot Bitcoin ETFs recover | Weekly Recap
Last week, crypto exchange BitGo confirmed plans to distribute the final Mt. Gox creditor repayments; Kamala Harris overtook Donald Trump on Polymarket; and crypto startups secured $130 million in VC funding. Mt. Gox final creditor repayments Harris vs. Trump US… Original
Litecoin And Dogecoin Whales Move Huge Amounts Of Coins
The cryptocurrency industry has experienced a notable surge in activity among large holders, often referred to as “whales,” over the past few weeks. This level of engagement has been revealed through on-chain transaction data, which has shown multiple instances of large cryptocurrency movements to and from exchanges. Related Reading One cryptocurrency that has particularly stood out in this trend is Litecoin. Particularly, crypto market intelligence platform IntoTheBlock has revealed an uptick in Litecoin large transactions since the last week of July. In the past 24 hours, over $3.5 billion worth…
Bitcoin vet Brock Pierce gets legal problems instead of a crypto hub
Instead of a crypto hub, Brock Pierce has created legal disputes and debts, with at least three lawsuits pending. According to The New York Times, Bitcoin (BTC) veteran Brock Pierce planned to revive Puerto Rico’s economy with cryptocurrency but became mired in legal wrangling and infighting with his business partners. After moving to the island in 2017, Pierce and other enthusiasts joined the “Puerto topia” project, a hub for crypto investors and tech startups. Since then, the entrepreneur has purchased at least 14 properties, including the hurricane-damaged W Beach Resort,…
Goldman Sachs’ Bitcoin ETF Holdings, Hamster Kombat Rejected VCs, and More — Week in Review
Goldman Sachs disclosed substantial holdings of $418 million in bitcoin ETFs in Q2. Hamster Kombat rejected multiple venture capital investments to protect players from becoming exit liquidity. A Nigerian bitcoin proponent filed a lawsuit to overturn the government’s crypto ban. WBTC’s custody change has raised concerns in the defi community. Ripple’s legal chief discussed the […] Original
Alain Delon Dies: French President Leads Tributes for Actor
PARIS — Alain Delon, the internationally acclaimed French actor who embodied both the bad guy and the policeman and made hearts throb around the world, died at age 88, French media reported. With his handsome looks and tender manner, the prolific actor was able to combine toughness with an appealing, vulnerable quality that made him one of France’s memorable leading men. Delon was also a producer, appeared in plays and, in later years, in television movies. French president Emmanuel Macron paid tribute on X to “a French monument.” “Alain Delon…