Month: May 2025

Dormant Bitcoin Wallets Shift $325M Ahead of Fed Decision

Key Notes Two inactive Bitcoin wallets moved $325M in BTC after over a decade. The transfers occurred just before the Federal Reserve’s rate decision. The wallets originally acquired BTC at around $85 per coin in 2013. Two long-dormant Bitcoin addresses from the early “Satoshi era” have reactivated after more than a decade, transferring over $325 million in BTC just ahead of a key U.S. Federal Reserve rate announcement. Spot On Chain, a blockchain analytics firm, announced on X that two dormant Bitcoin whales had reawakened. The first whale moved 2,343…

Expert Says XRP Overvalued but Not Worthless as Network Slows

Key Notes XRP’s price shows bearish continuation signs with weak RSI and MACD on the 4H chart. On-chain usage is collapsing, but developer activity on XRPL is steadily increasing. Jeff Dorman calls XRP a “call option on potential,” driven more by hype than fundamentals. On the Empire podcast, Arca CIO Jeff Dorman labeled XRP as “insanely overvalued,” noting its lack of concrete financial or utility value.  According to Dorman, XRP’s current valuation, hovering around a $122 billion market cap, is primarily built on social value: community loyalty and narrative inertia. …

Singapore’s Grab taps Solana DePIN project Natix to ‘reshape mapping’

boss

Southeast Asia’s superapp Grab has partnered with Natix, a project within Solana’s decentralized physical infrastructure network (DePIN), to cooperate on mapping and autonomous driving technologies. The joint collaboration aims to combine Natix’s blockchain-based mapping data with Grab’s camera hardware and mapmaking technology featuring artificial intelligence support, Natix said in an announcement on May 6. “This partnership brings together the best of both worlds,” the announcement noted, pointing to Grab’s expertise in crowdsourced mapping and Natix’s unique DePIN model that rewards users for providing decentralized data input. Source: Natix “By combining…

Ghosts of the Silk Road: Dormant Wallets Move Over $322M in Bitcoin

boss

On Monday, two long-dormant wallets—first activated in July 2013, precisely a decade and ten months ago—moved 3,421 bitcoin valued at $322.5 million, marking their first transaction since inception. Long-Dormant Silk Road Wallets Move Millions in Bitcoin Data compiled on May 5, 2025, reveals two separate transactions (1,2) originating from wallets established in July 2013. The […] Original

Shiba Inu Burn Rate Spikes 656% as SHIB Struggles to Rebound

Key Notes Burn rate increased by 656% with over 16 million SHIB tokens removed from circulation in just 24 hours. Price dropped 3.27%, but trading volume rose 15%, showing active market interest. Long-term holders stay engaged, with over 4.8 trillion SHIB staked as xSHIB. The latest market update disclosed that the Shiba Inu (SHIB) has recently intensified its efforts to reduce the number of circulating tokens. This has led to a noticeable rise in the token’s burn rate.  Per the update, the burn activity has also stirred up mixed reactions…

Is This The Spark? New Bitcoin Metric Points To Bullish Shift

boss

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin dipped marginally after reaching a new peak above $97,000 on May 2. It retreated to just below $94,000, a 3% to 4% decline from its recent high. Although…

CEL Drops 13% After Mashinsky Criticizes Sentencing Outcome

Key Notes CEL jumped to $0.139 before sliding back to $0.103, marking a 13% daily drop. The sell-off coincided with Mashinsky’s legal team condemning the DOJ’s 20-year sentence request. Uncertainty around Celsius continues to weigh on the token’s price momentum. After a major increase on Monday that saw Celsius (CEL) skyrocket 50% from $0.087 to $0.139, the token has now sharply corrected. At the time of writing, the cryptocurrency is trading around $0.103, down by over 13% in the past day. The downturn follows fresh updates surrounding Celsius Network’s disgraced…

AI Coin VIRTUAL Soars 200% — What’s Fueling the Rally?

Key Notes VIRTUAL leads as the most-traded token among institutions, funds, and prominent whales, outpacing other popular tokens like EBTC, LINK, and PEPE. Enthusiasm for the recently launched Genesis launchpad has contributed to VIRTUAL’s momentum. The system employs a “proof of contribution” mechanism, rewarding genuine contributors through activities like staking and supporting AI projects. Virtuals Protocol native cryptocurrency VIRTUAL $1.66 24h volatility: 19.8% Market cap: $1.08 B Vol. 24h: $689.78 M has witnessed a massive 207% rally over the past month, while outperforming the rest of the crypto market. Blockchain…

Bitcoin price forms two BTC futures gaps after Coinbase premium flips negative

boss

Key takeaways: Bitcoin’s Coinbase premium index turned negative for the first time in 15 days, indicating defensive short-term sentiment among US investors. Bitcoin CME futures gaps between support at $92,000-$92,500 and resistance at $96,400-$97,400 suggest a period of range-bound trading. Bitcoin’s Coinbase premium index, which measures the gap between BTC price at Coinbase Pro and Binance exchange, turned negative after a 15-day positive stint, signaling potential bearish sentiment among US investors. This drop coincides with Bitcoin (BTC) slipping below $94,000, and the premium’s decline suggests reduced buying pressure on Coinbase,…

Bitcoin Drops Below $96K Amid Mounting U.S. Sell Pressure

boss

Key Notes Riot offloaded $38.8 million in BTC amid miner squeeze. Ali Martinez flags a 3-day chart sell signal, hinting at a possible correction. Coinbase Premium Gap turns negative, reflecting bearish US sentiment. Bitcoin miner Riot Platforms offloaded $38.8 million worth of BTC BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B in April, joining a growing number of miners liquidating holdings. While the firm’s deployed hash rate held steady, its Bitcoin production declined by 13% from March. This highlights how block reward cuts from…