A new report by Coinmetrics, along with researchers Victor Ramirez, Matías Andrade, and Tanay Ved, delves into the complexities of crypto tokenomics. The report explores the intricate balance of token distribution, valuation, and market impact. Understanding FDV and Token Float: Key Insights From Coinmetrics In recent years, the launch Fully Diluted Valuations (FDVs) of crypto […] Source CryptoX Portal
The former president’s son Barron is spearheading the project, Pirate Wires reported on X, without naming its sources. Source
A staggering 86% of Fortune 500 executives believe tokenization could be valuable for their companies — and The State of Crypto report says they’re bullish on stablecoins too. Coinbase’s latest The State of Crypto report has landed — and as ever, it makes for interesting reading. The exchange’s research struck a bullish tone, and noted that ETFs based on Bitcoin’s spot price in the U.S. have mopped up “significant pent-up demand” by allowing investors to gain exposure to the world’s biggest cryptocurrency. Assets under management in these funds now stands…
Glassnode has discussed in a new report the reasons behind Bitcoin moving sideways despite inflows into the spot exchange-traded funds (ETFs). Why Bitcoin Has Been Stagnant Despite Spot ETF Inflows In its latest weekly report, the analytics firm Glassnode has talked about how the impressive inflows into the US spot ETFs have failed to make the price break its sideways trend. The spot ETFs, which the US Securities and Exchange Commission (SEC) approved in January of this year, have provided investors with an alternate means of gaining exposure to the…
The latest Glassnode onchain report reveals that major labeled entities collectively hold approximately 4.23 million bitcoin, representing over 27% of the adjusted circulating supply. This significant concentration of BTC holdings underscores the prominent role these entities play within the bitcoin ecosystem. Institutional Holdings: ETFs, Miners, Government, and Exchanges Control 4.23 Million Bitcoin According to Glassnode’s […] Original
Russia’s crypto mining equipment supplier Intelion is reportedly considering an investment of over $130 million to develop AI data centers. Moscow-headquartered crypto mining supplier Intelion is planning to spend up to 12 billion Russian rubles (over $130 million) on purchasing server equipment to build artificial intelligence (AI) data centers, Russian media RBC reports, citing Intelion Cloud head Maxim Vyaznikov. As per the report, Intelion, which also operates a branch in Dubai, already possesses servers equipped with Nvidia’s A100 chips, despite a 2022 U.S. Department of Commerce ban on the sale…
“In line with global trends and best practices, Zimbabwe is embarking on an exercise to assess and understand the cryptocurrency landscape,” the government said in a statement published in the state-run Herald newspaper Wednesday. It’s “inviting all cryptocurrency service providers,” whether operating inside or outside the country but providing services to people in Zimbabwe, to provide comments. Source
Altcoins saw even deeper pullbacks during the same period, with the broad-market crypto market benchmark CoinDesk 20 Index declining over 6% with all twenty constituents being in the red. Ethereum’s ether (ETH) broke below $3,500 and was down 6.5%, while solana (SOL), dogecoin (DOGE), Cardano’s ADA and Chainlink’s LINK endured 6%-9% losses. Original
Friday’s non-farm payrolls data showed the U.S. economy added 272,000 jobs in May, way more than the 185,000 estimated and well ahead of April’s downwardly revised 165,000. While the jobless rate ticked higher to 4%, average hourly earnings, the sticky inflation component, rose 0.4% month-on-month, above the expectation of a 0.3% rise. Source CryptoX Portal
Glassnode’s latest onchain analysis reveals a resurgence in speculative activity in the bitcoin (BTC) market after months of stagnation. This shift marks a potential change in market sentiment, with both short and long-term holders displaying increased engagement. Mt Gox Preparations Spark New Wave of Bitcoin Speculation Analysts at Glassnode reported the reappearance of speculative behavior […] Original