Tag: Million

Bitcoin ETFs Experience Day 12 Reversal, GBTC Selling Slows, Fidelity And Blackrock Garner $400 Million

Bitcoin has witnessed a positive turn of events as it reclaimed the $43,000 mark on Tuesday, thanks to a significant reduction in selling pressure from asset manager Grayscale. The reversal in Bitcoin ETFs during day 12 of trading has seen more inflows than outflows. Fidelity and Blackrock recorded a combined $400 million across their Bitcoin ETFs under the ticker names FBTC and IBIT, respectively.  Bitcoin ETFs Record Third-Largest Money Day According to market expert James Mullarney, Grayscale Bitcoin Trust (GBTC) has experienced a noticeable reduction in selling pressure, as reflected…

dYdX to Unlock Over 33 Million Tokens: Will Price Crash?

boss

dYdX, a decentralized exchange (DEX), will unlock over 33 million DYDX worth approximately $90 million on February 1. This significant token unlock is the second event in the last week, following a previous unlocking on January 23. dYdX To Unlock $90 Million Of Token: What Happens Next? According to Token Unlocks on January 30, the release will see the protocol distribute $49 million of tokens to investors. At the same time, the team and future employees will each receive approximately $27 million and $12.5 million, respectively.  DYDX unlock schedule | Source: Token Unlocks The…

Blockchain Newcomer Reaches $443 Million TVL, Enters Top 10

boss

In a stunning comeback, the price of Sui token has soared to new heights, painting an impressive picture in the cryptocurrency market. Reaching an impressive $1.61 on the back of a solid 50% weekly rally on Tuesday – its highest point since May 3rd of the previous year – Sui has proven to be one of the standout performers of 2024. With an astronomical surge of over 328% from its lowest level in 2023, Sui has solidified its position as one of the most successful cryptocurrencies of the year. SUI…

MakerDAO Co-Founder Cashes Out, Sends MKR Wobbling After $4.5 Million Sell

boss

Despite starting the year strong, MKR has encountered a choppy path in recent weeks, leaving investors with a mixed bag of signals to decipher. While the decentralized finance (DeFi) leader has maintained its position above key support levels, concerns have emerged surrounding a prominent wallet’s sizeable token sale and a declining trading volume. Maker Resilience Faces Uncertain Shadows On the bright side, Maker has demonstrated resilience amidst broader market downturns. After a notable surge on January 24th, the token has held its ground, defying predictions of a deeper correction. This…

Record-Breaking 164 Million Daily Transactions, Market Cap Reaches $2.9 Billion

boss

Hedera (HBAR), the open-source Proof-of-Stake (PoS) blockchain network, has made significant strides in the fourth quarter (Q4) of 2023, according to a recent report by Messari. The network’s performance showcased notable growth in key metrics, outpacing the crypto market. Hedera Outpaces Crypto Market With 78% QoQ Increase During Q4 2023, Hedera’s circulating market cap experienced a 78% quarter-over-quarter (QoQ) increase, reaching $2.9 billion. This growth surpassed the overall crypto market’s growth rate of 54%, signifying Hedera’s growing influence. The year-on-year (YoY) change for HBAR stood at 211%, reflecting the network’s progress…

Could Bitcoin Ever Skyrocket To $10 Million? Possible, But Based On This Condition

boss

Peter Schiff, a well-known critic of Bitcoin, recently engaged in a thought-provoking discussion about Bitcoin’s value relative to gold. Despite his longstanding skepticism, Schiff has presented a scenario where Bitcoin could reach roughly $10 million by 2031. However, the Bitcoin critic responded that this could happen under particular economic conditions. Schiff’s Extreme Hypothesis On Bitcoin’s Ascent To $10 Million This bold statement arises from the Economist’s comparison of Bitcoin’s potential growth trajectory to gold, highlighting the volatility of crypto assets and the spirited optimism of their proponents. No matter how…

US Government Will Dump $130 Million Worth Of Bitcoin

boss

The US government has revealed its plans to offload a significant portion of its Bitcoin (BTC) holdings. This move has raised concerns in the crypto community, considering how much selling pressure this could add to what the crypto market is already facing.   US Government To Sell $130 Million Worth Of Bitcoin The Department of Justice (DOJ) gave notice of its intent to dispose of over $130 million worth of Bitcoin. These crypto assets form part of what had been forfeited to the government in its case against Joseph Farace. The…

Axiom Secures $20 Million in Series A Funding for Blockchain Data Access Innovation

Axiom, a smart contract platform, has successfully secured $20 million in a Series A funding round, according to official blog. The funding round was led by prominent crypto-focused venture firms Paradigm and Standard Crypto, with additional investments from Robot Ventures and Ethereal Ventures. This milestone marks a crucial step in Axiom’s mission to revolutionize the accessibility of authenticated data on blockchain networks. At the core of Axiom’s strategy lies the innovative use of zero-knowledge cryptography. Unlike traditional consensus mechanisms that require all nodes to agree on a state of data,…

Over 12 Million SHIB Vaporized

boss

The Shiba Inu meme coin community is currently abuzz with a palpable sense of excitement, courtesy of two key developments: a surge in token burning and promising advancements in the Shibarium layer-2 solution. While the cryptocurrency market is inherently volatile and unpredictable, these recent developments present a potential trajectory for Shiba Inu’s long-term growth and stability. Shiba Inu’s Burning Surge: Impactful Trends Shiba Inu has ignited a fervent blaze of token burning, sending ripples across the cryptocurrency landscape. In the span of just 24 hours, the token witnessed an astounding…

$35 Million Sell-Off Sends ETH Price Crashing

boss

Celsius Networks, currently undergoing bankruptcy proceedings, has engaged in significant Ethereum transactions that are causing ripples within the digital currency landscape. In the past 10 hours, on-chain analysts at LookonChain detected noteworthy transfers, including a 13,000 ETH deposit ($30 million) on Coinbase and an additional 2,200 ETH ($5 million) on FalconX. These transactions suggest a proactive stance by Celsius in addressing its ongoing financial challenges. Celsius Sells $125M ETH, Maintains $1.3B Reserve According to Arkham Intelligence, Celsius sold more than $125 million worth of Ethereum (ETH) coins between January 8…