Tag: Data

NFT sales volume jumps to $129M in November: Data

Nonfungible tokens (NFTs) have seen a steady increase in terms of weekly Ether (ETH) sales volume, according to the blockchain analytics platform Nansen.  In a tweet, Nansen highlighted that on the week ending on Oct. 9, NFT sales were at 29,704 ETH, worth around $56 million at current ETH market prices. The sales volume increased weekly until it reached 68,342 ETH, worth over $129 million. Regarding the shares of NFT trading volume, NFT marketplace Blur took the top spot in the last 30 days. According to data aggregator NFTGo, Blur…

NFT sales volume jumps to $129M in November — Nansen data

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Nonfungible tokens (NFTs) have seen a steady increase in terms of weekly Ether (ETH) sales volume, according to the blockchain analytics platform Nansen.  In a post on X (formerly Twitter), Nansen highlighted that on the week ending on Oct. 9, NFT sales were at 29,704 ETH, worth around $56 million at current ETH market prices. The sales volume increased weekly until it reached 68,342 ETH, worth over $129 million. NFT marketplace Blur had the highest share of NFT trading volume in the last 30 days. According to data aggregator NFTGo,…

Bitcoin’s Bullish Case Gets Stronger After NFP Data, Crypto Derivatives Expert Says

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Supporting the case for continued upside in bitcoin is the dwindling volatility in the U.S. stock and bond markets. The S&P 500 VIX indicator has tanked from 21.13 to 14.19 in the past five trading days, while the MOVE index, an options-based measure of volatility in the Treasury bond market, has dropped from 132 to 118, according to charting platform TradingView. Perhaps tensions in the Middle East are no longer the focal point for the market. Original

FTX advisers sharing customers’ data with FBI: Report

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Advisers for bankrupt crypto exchange FTX have been disclosing data from customers’ transactions and accounts with the Federal Bureau of Investigation (FBI), according to court documents seen by Bloomberg.  In response to subpoenas issued by several FBI field offices during the past few months, FTX consultants turned over to law enforcement records of specific customers’ trades on the bankrupt crypto exchange. The FBI’s requests were disclosed on billing records from Alvarez and Marsal, a consultancy serving as financial advisers for FTX. Over the past few months, the firm’s staff extracted…

Bitcoin (BTC) Prices Slide to $34.2K Ahead of U.S. Nonfarm Payrolls Data

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Dune launches new AI to simplify crypto data queries

Dune Analytics launches DuneAI, enabling intuitive natural language crypto data queries for users. Leading web3 analytics platform Dune is venturing into AI with the introduction of new functionalities, including DuneAI, the Dune Data Hub and Dune Alert. According to its latest announcements, DuneAI will include features designed to simplify the extraction of crypto data insights. Leveraging a natural language processing engine similar to OpenAI’s ChatGPT4, DuneAI will allow users to gain crypto insights using chat functionalities without having to learn SQL commands. This will open the door for a broader…

Tether issues $610M debt financing to Bitcoin miner Northern Data

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Tether (USDT) stablecoin issuer is raising the bet on Bitcoin (BTC) mining by issuing a major debt facility to German-based BTC mining company Northern Data AG. Northern Data AG has secured a 575 million euro ($610 million) debt financing facility from Tether to drive further investments across its businesses, according to an announcement on Nov. 2. The debt capital specifically aims to enable Northern Data Group to invest in its three business lines including its artificial intelligence cloud service provider Taiga Cloud, Ardent Data Centers and Peak Mining, the company’s…

Ethereum long-term owners holding bags? Data says yes

Data from Glassnode shows that long-term ETH holders are still holding onto their positions while whales shy away from accumulating too much. The amount of ETH supply last active between 7-10 years ago hit an all-time high of over 5.3 million ETH. This indicates these long-term holders are not selling out of their positions. Additionally, the number of addresses holding 1,000+ ETH coins dropped to a five-year low of just over 6,000. This suggests that whale interest in the Ethereum protocol is likely to be currently lower than what it…

Bitcoin futures data highlight investors’ bullish view, but there’s a catch

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Bitcoin (BTC) price surged by 26.5% in October and several indicators hit a one-year high, including the BTC futures premium and the Grayscale GBTC discount.  For this reason, it’s challenging to present a bearish thesis for BTC as data reflects the post-FTX-Alameda Research collapse recovery period and is also influenced by the recent increase in interest rates by the U.S. Federal Reserve. Despite the positive indicators, Bitcoin price still remains around 50% below its all-time high of $69,900 which was hit in November 2021. In contrast, gold is trading just…