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Crypto News

MetaMask Ushers in a New Era of Crypto Cash-Out with Bank and PayPal

MetaMask, a popular Ethereum wallet and browser extension with 30 million users, now allows its users in the U.S., U.K., and parts of Europe to cash out their cryptocurrencies to fiat currency, which can be sent to their bank accounts or PayPal. This move aims to simplify the conversion process and promote wider adoption of Web3 technology, reducing intermediaries and speeding up fiat conversions. MetaMask recently introduced an Apple Pay option and a learning platform to educate the public about Web3 concepts, showcasing its commitment to expanding crypto accessibility.

Decrypt - 1083 ngày trước

Grayscale Urges SEC Discussion on the Future of Bitcoin ETF Conversion

Grayscale, a major crypto asset manager, has informed the SEC that there are no legal reasons left to block the conversion of its flagship Bitcoin fund into a spot exchange-traded fund (ETF). After a recent court victory, Grayscale argues that the SEC should treat the Grayscale Bitcoin Trust (GBTC) the same as Bitcoin futures ETFs it has previously approved. Grayscale contends that the SEC's delay in approving the conversion is unjustified and calls for a fair playing field for its nearly one million investors.

cointelegraph - 1083 ngày trước

Ric Edelman, with $291 Billion Assets, Anticipates Bitcoin's Value Reaching $150,000 by 2025

Renowned financial expert Ric Edelman, founder of the Digital Assets Council of Financial Professionals, has expressed optimism about Bitcoin's future. He predicts that Bitcoin's value could surge to $150,000 by the summer of 2025, citing various growth drivers. Edelman highlighted the maturation of the crypto industry, with regulatory actions weeding out bad actors, making cryptocurrencies more appealing to institutional and individual investors. Additionally, he pointed to the upcoming Bitcoin halving, which historically has been bullish. Edelman's bullish outlook on Bitcoin's future aligns with the increasing adoption and institutional interest in the crypto space.

cryptonews - 1083 ngày trước

Revolut, the Fintech Behemoth, Embraces SegWit Wallet Integration to Revolutionize Bitcoin Transactions

Fintech giant Revolut, boasting 15 million users, has ventured deeper into the cryptocurrency landscape by incorporating Segregated Witness (SegWit) addresses for bitcoin transactions. This move has garnered enthusiasm from its vast user base, streamlining Bitcoin transactions for efficiency. The integration offers reduced fees and quicker confirmations. Revolut's commitment to enhancing the crypto experience extends to on-chain withdrawals and receipts, reflecting its dedication to advancing cryptocurrency use. This development coincides with growing global crypto prominence, positioning Revolut as a pioneer in innovative crypto services.

cryptonomist - 1083 ngày trước

Cardano Demonstrates Strong On-Chain Performance Amidst Growing Activity, Reports Santiment

Cardano (ADA) is experiencing substantial growth in network activity, with a more than 1,700% surge in weekly on-chain transactions since January, as per blockchain analytics firm Santiment. Despite its lower market value compared to its peak in April, Cardano's rising on-chain transaction volume, along with strong social dominance, points towards a potential upside move. Santiment also notes Ethereum's increasing network activity, suggesting a forthcoming price rebound. The analytics firm previously highlighted XRP's high network activity and growing development, signifying a promising trend for the crypto market.

The Daily Hodl - 1083 ngày trước

El Salvador Aims to Incorporate Bitcoin Education in School System by 2024

El Salvador's Ministry of Education has teamed up with the nonprofit organization Mi Primer Bitcoin (MPB) to introduce Bitcoin education into the public school curriculum by 2024. MPB, in collaboration with Bitcoin Beach, will provide training to 150 teachers from 75 schools, aiming to equip them with fundamental knowledge about Bitcoin. The initiative is set to commence with a pilot program, and its success could lead to nationwide implementation. MPB's founder, John Dennehy, believes that El Salvador's adoption of Bitcoin can set an example for the world in promoting quality education.

cointelegraph - 1083 ngày trước

Payment Giant Visa Introduces Stablecoin Settlements on Solana for Cross-Border Transactions Enhancement

Visa Expands Stablecoin Reach to Solana Blockchain for Faster Cross-Border Settlements. Visa collaborates with Worldpay and Nuvei in pilot programs, transferring millions in USDC via Solana and Ethereum for fiat payments. The move, supported by Visa's Head of Crypto, Cuy Sheffield, aims to enhance cross-border settlement speed and offer stablecoin payment choices. Fintech firms Worldpay and Nuvei anticipate enabling stablecoin payments for merchants. Visa's inclusion of Solana as a settlement blockchain positions it as a pioneering payment giant in the crypto landscape.

theblock - 1084 ngày trước

South Korea Major Bank Hana Bank and BitGo Join Forces for Worldwide Crypto Custody Growth

Hana Bank, a major South Korean commercial bank, has teamed up with BitGo, a crypto custody leader, to enhance its digital asset custody services from next year. The partnership, announced during Korea Blockchain Week, aims to leverage the bank's financial expertise and BitGo's crypto security know-how, potentially leading to a joint venture. Hana Bank's representative expressed intentions to boost trust and safeguard consumers in the domestic digital asset market through this collaboration. BitGo, with recent funding of $100 million, plans global expansion, including opening an office in South Korea to ensure compliance with local regulations.

theblock - 1084 ngày trước

South Korea Major Bank Hana Bank and BitGo Join Forces for Worldwide Crypto Custody Growth

theblock - 1084 ngày trước

South Korea Major Bank Hana Bank and BitGo Join Forces for Worldwide Crypto Custody Growth

theblock - 1084 ngày trước

Bitcoin Bull Run Initiated in March Anticipated to Reverberate, Arthur Hayes Predicts

BitMEX co-founder Arthur Hayes believes that Bitcoin's recent six-month bull run will have a significant impact on the market in the next six to twelve months. Speaking at Korea Blockchain Week, Hayes traced the beginning of the bull run to March 10 when the Federal Deposit Insurance Corporation took over Silicon Valley Bank. He highlighted that the Federal Reserve's interventions to stabilize the banking system by injecting money have undermined faith in fiat currencies, making assets like Bitcoin more attractive. Hayes predicts increased market response to Bitcoin's rise and its resilience regardless of central bank policies.

cointelegraph - 1084 ngày trước

Indian Central Bank-Backed Payment Giant NPCI Seeks Blockchain Expert to Enhance UPI System

India's National Payments Corporation (NPCI), supported by the Reserve Bank of India (RBI), is on the hunt for an adept blockchain technologist. The goal is to integrate blockchain technology into the Unified Payments Interface (UPI), which has gained global traction, including in countries like Singapore, UAE, and the UK. This move aims to further bolster UPI's efficiency and potentially expose millions of users to blockchain advancements. Over 200 applications have been received for the role, reflecting strong interest in NPCI's blockchain-powered vision for UPI's future.

cointelegraph - 1084 ngày trước

Crypto ETFs Set to Revolutionize Investment Landscape, Bernstein Analysts Says

Bernstein analysts foresee substantial commercial potential in diversification for asset managers, allowing entry into the rapidly expanding digital asset market. The emergence of crypto exchange-traded funds (ETFs) is expected to reshape the investment landscape. Bernstein experts believe Grayscale's legal victory over the US SEC opens doors for a broader range of crypto assets within the ETF framework. While the first Bitcoin ETF is projected between October 2023 and March 2024, experts predict Ethereum and other top-tier blockchain ETFs will follow suit. The trend toward crypto ETFs could legitimize cryptocurrencies as a mainstream asset class.

Coinspeaker - 1084 ngày trước

Billionaire Entrepreneur Elon Musk's Impact on Dogecoin and Blockchain Social Media Explored in New Biography

Billionaire entrepreneur Elon Musk's upcoming biography unveils his significant involvement in Dogecoin's development and his consideration of a blockchain-based social media platform. Musk's support for Dogecoin has fueled the cryptocurrency's popularity, with his actions even suspected of influencing its market. The biography details his "half-joking" idea to integrate Dogecoin into a payment system for a blockchain-powered social network. Despite this, Musk recently confirmed his platform X will not launch its own token. The biography also covers a failed attempt by Sam Bankman-Fried to invest in Twitter, ultimately highlighting Musk's ongoing impact in the crypto space.

Bitcoin News - 1084 ngày trước

Bitcoin Holdings on Centralized Exchanges Decrease, Reflecting Rising Self-Custody Trend

In the past three years, a significant movement of bitcoin holdings has favored self-custody. Centralized exchanges have witnessed a staggering withdrawal of 804,000 BTC ($20.79 billion) since September 2020, with 184,000 BTC ($4.75 billion) taken out in the last three months alone. Cryptoquant.com data reveals exchanges' BTC reserves dwindled from 2.828 million to 2.024 million over three years. The shift is driven by the appeal of self-custody, offering security against hacks, insolvencies, and regulations, highlighted by the FTX collapse. The trend signals a growing preference for user-controlled assets and the advantages of decentralized ownership.

Bitcoin News - 1085 ngày trước

London Stock Exchange Group Ventures into Blockchain to Revolutionize Traditional Asset Markets

London Stock Exchange Group (LSEG.L) plans blockchain-based trading of traditional financial assets through a separate entity, aiming to enhance efficiency, transparency, and cost-effectiveness in transactions. LSE Group's Capital Markets Head, Murray Ross, clarified that the initiative focuses solely on utilizing blockchain technology, not involving cryptocurrencies. The move reflects LSE's year-long exploration of integrating traditional markets into blockchain technology, driven by the intention to offer regulated, streamlined processes for asset trading and management. Blockchain's capacity to create secure and transparent transaction records is pivotal in this development.

coindesk - 1085 ngày trước

Turkey Sees Growing Crypto Adoption Amid Inflation Woes: KuCoin Survey

A recent survey by KuCoin, the world's fifth-largest crypto exchange, reveals that crypto adoption in Turkey has surged from 40% to 52% over 18 months, driven by rising inflation. The Turkish lira's 50% devaluation against the US dollar has prompted interest in crypto as an inflation hedge. Bitcoin dominates investments at 71%, followed by Ethereum and stablecoins. The report highlights increasing female involvement, with 47% of investors aged 18-30 being women. Word-of-mouth recommendations from friends and family influenced 57% of respondents to invest. KuCoin stresses understanding user behavior in evolving crypto landscapes.

Decrypt - 1085 ngày trước

SEC Likely to Approve Bitcoin ETFs After Grayscale's Legal Victory, JPMorgan Predicts

The US SEC is expected to approve multiple spot bitcoin exchange-traded fund (ETF) applications following Grayscale's recent legal triumph against the regulatory body, as stated by JPMorgan analysts. Grayscale's successful case challenges the SEC's inconsistency in rejecting its bitcoin trust-to-ETF proposal while approving futures-based bitcoin ETFs. The court ruled that similar risks existed in both markets. The SEC's delay in deciding on spot bitcoin ETFs from firms like BlackRock and Fidelity indicates a possible group approval. Although Grayscale's win advances ETF potential, its transformative impact on the crypto market is anticipated to be limited.

theblock - 1085 ngày trước

DeFi Poised to Outpace CeFi in the Next Bull Market, Binance CEO CZ Anticipates

Binance CEO CZ envisions DeFi surpassing CeFi in the upcoming bull market. Speaking on a live X Spaces session, he highlighted DeFi's growth potential and its 5-10% trading volume in comparison to CeFi. Following SEC actions against centralized exchanges, top DEXs saw a 444% surge in trading. CZ praised Uniswap's lawsuit dismissal, indicating positive progress for DeFi. Venture capitalists are shifting focus, with a 190% increase in DeFi investment in 2022, while CeFi saw a 73% drop. This shift signifies DeFi's emergence as a high-growth crypto sector, possibly outpacing CeFi.

cointelegraph - 1086 ngày trước

ARK Invest CEO Cathie Wood Bullish on Bitcoin and AI Collaboration's Impact

Cathie Wood, CEO of ARK Invest, expresses positive outlook on the synergy between Bitcoin and AI in a recent post. Wood highlights the transformative potential of their collaboration for industries and the economy. Supported by ARK Invest's research, her keen interest in both technologies is evident through investments in AI stocks and efforts toward a Bitcoin ETF. The ARK Disruptive Innovation ETF outperformed NASDAQ due to AI investments. Wood's optimism signifies the merging potential of Bitcoin and AI to reshape corporate dynamics and signal growth opportunities in the investment landscape.

cointelegraph - 1086 ngày trước

Bitcoin Whales Maintain Strong Stance Through Market Volatility with $1.5 Billion Accumulation

Prominent Bitcoin investors, or "whales," have shown resilience amidst recent price fluctuations. Data from crypto analytics firm IntoTheBlock reveals that entities holding over 0.1% of the Bitcoin supply, valued at over $500 million, increased their holdings by $1.5 billion in the final two weeks of August. Notably, this accumulation coincided with minimal inflows into exchanges, indicating genuine buying interest. These strategic moves occurred during a period of price decline, with the largest haul after an August 17 drop. Analysts see Grayscale's ETF progress as a catalyst, potentially broadening Bitcoin accessibility.

coindesk - 1086 ngày trước

Arkham Intelligence Detects Grayscale's Ethereum Trust as Second-Most Significant ETH Holder

Arkham Intelligence reveals Grayscale's Ethereum Trust as the second-largest ETH holder, with $5 billion (rounding up from $4.9 billion). The trust's funds are dispersed across 500 addresses, each having $30 million or less. Arkham's identification was based on activity analysis and cross-referencing with Grayscale's public reports. Although Grayscale's website shows almost $5.0 billion in its Ethereum Trust, Arkham's findings pertain to the specific addresses linked to the fund, not the overall balance discovery. Discrepancies arise in Arkham's data versus Grayscale's self-reported figures for other cryptocurrencies held.

CryptoSlate - 1087 ngày trước

Judge Asserts Bitcoin and Ether as Commodities, Dismisses Uniswap Class Action Lawsuit

The U.S. District Court, Southern District of New York, dismisses class-action suit against Uniswap Labs and others for alleged securities violations on Uniswap platform. Plaintiffs claimed losses due to "scam tokens," but decentralized nature made defendants unidentifiable, leading to dismissal by Judge Katherine Polk Failla. Ruling provides clarity for DeFi operators and potential impact on SEC's Coinbase lawsuit. The decision sets precedent for U.S. crypto securities regulation, with Judge Failla referring to Bitcoin and Ethereum as "crypto commodities," influencing future cases.

Kitco News - 1087 ngày trước

Colorado Division of Motor Vehicles (DMV) Joins Forces with PayPal, Allowing Crypto Payments

Colorado's Division of Motor Vehicles (DMV) becomes the first state agency to embrace cryptocurrency payments, partnering with PayPal for online services. Users can pay for licenses and registrations using PayPal's crypto feature, which converts chosen cryptocurrencies into dollars for a $1 fee plus 1.83% of the transaction. This move aligns with Colorado's history of blockchain integration and innovation, including accepting crypto for taxes. While other states consider similar options, Colorado's initiative may boost wider adoption of digital assets in government transactions, showcasing the role of platforms like PayPal in mainstreaming cryptocurrencies.

cryptopolitan - 1087 ngày trước

Chinese Court Recognizes Virtual Assets as Legally Protected Properties, Signaling Cryptocurrency Acceptance

A recent report from a Chinese People's Court has marked a significant shift in the nation's stance on cryptocurrencies. The court's analysis concludes that virtual assets possess economic attributes qualifying them as legal property, despite the country's prior blanket ban on foreign digital assets. The report also suggests a unified approach to handling virtual asset-related crimes while ensuring a balance between personal property rights and societal interests. This move indicates a gradual softening of China's strict stance on cryptocurrencies, reflecting the evolving global acceptance of digital assets.

cointelegraph - 1087 ngày trước

Former US SEC Chair Jay Clayton Asserts Unavoidable Approval of Bitcoin ETF

Former SEC Chair Jay Clayton is optimistic about the approval of the first spot Bitcoin ETF in the US, citing retail investor interest and support from institutions like Blackrock. The recent court approval for Grayscale's GBTC Bitcoin Trust to become a spot ETF has boosted the chances. Clayton believes that major financial players' confidence in crypto trading and clarification on manipulative concerns will drive approval, asserting that Bitcoin is not a security but a sought-after asset. He states, 'Approval is inevitable' amidst changing dynamics in crypto trading.

CoinGape - 1087 ngày trước

JPMorgan Forays into Cryptocurrency Travel Landscape through Trademark Application

JPMorgan Chase takes a significant step into the cryptocurrency realm through a trademark application for "Chase Travel." The application signals the bank's interest in offering virtual currency exchanges and travel agency services. This aligns with the wider trend of traditional financial institutions adopting blockchain and cryptocurrency. The application outlines services spanning credit card promotions, customer support, financial offerings like travel insurance and currency exchange, and travel reservations. JPMorgan aims to seamlessly incorporate cryptocurrencies into everyday travel transactions. While regulatory challenges persist, this move showcases the institution's commitment to crypto-based services.

U.Today - 1087 ngày trước

Bitcoin's Long-Term Holders Stay Resilient Amidst Market Volatility

Amidst market turbulence, Bitcoin's steadfast long-term holders continue to demonstrate resilience, maintaining a strong 68.6% HODL Wave, as reported by LookIntoBitcoin. Despite a recent 10% price dip, these investors remain committed to their assets. Factors such as Grayscale's ETF application and a significant market segment in a holding pattern underscore their unwavering optimism. Historical trends reveal a positive correlation between high HODL Wave levels and Bitcoin's price surge. This data suggests a positive outlook for the cryptocurrency's value as long-term holders signal market sentiment through their sustained commitment.

Blockworks - 1088 ngày trước

SEC Delays Seven Spot Bitcoin ETF Decision till October

U.S. Securities and Exchange Commission (SEC) has postponed verdicts on seven bitcoin ETF applications from firms like Blackrock, Wisdomtree, and Invesco Galaxy. The SEC expressed the need for more time to thoroughly assess the proposed ETFs and address concerns. Decisions on the applications, including those from Bitwise, Fidelity's Wise Origin, and Valkyrie, are now expected in mid to late October. Despite the delay, experts estimate a 75% chance of a bitcoin ETF being approved in 2023. The SEC began reviewing these applications last month after years of rejections and follows Blackrock's initial attempt this year.

Bitcoin News - 1088 ngày trước

Chainlink and Swift Collaboration Enables Seamless Token Transfer Across Blockchains

Swift and Chainlink have successfully conducted experiments in transferring tokenized value across various private and public blockchains. The collaboration aimed to facilitate seamless connectivity for asset tokenization, involving financial institutions like BNP Paribas and BNY Mellon. The findings hold potential to accelerate the growth of tokenized asset markets globally, contingent upon regulatory clarity and data privacy considerations. Swift utilized Chainlink's Cross-Chain Interoperability Protocol (CCIP) to bridge different blockchains, marking a significant step towards scalable tokenization. The experiments underscore the importance of a secure and trusted infrastructure for realizing tokenization's potential.

coindesk - 1088 ngày trước

US Presidential Candidate Vivek Ramaswamy Hails Grayscale Legal Triumph as Gateway to Bitcoin Evolution

US presidential candidate Vivek Ramaswamy praises Grayscale's win against the SEC, stating it safeguards US Bitcoin and blockchain innovation. He blames "3-letter government agencies" for pushing such cases to courts, asserting that the recent ruling will retain innovation in the US. Ramaswamy vows to revoke regulations that don't meet the Supreme Court's "major questions" test, potentially limiting SEC's crypto oversight. While Ramaswamy supports the crypto industry, a recent court ruling questions the doctrine's applicability to crypto. He's among three candidates, including Kennedy Jr. and DeSantis, openly endorsing the crypto sector.

cointelegraph - 1088 ngày trước

Analysts at Bloomberg Predict 75% Chance of Bitcoin ETF Approval in 2023

Bloomberg analysts have increased the likelihood of an approved Bitcoin exchange-traded fund (ETF) by the end of 2023 to 75%, up from 65%, citing a recent Grayscale legal win against the securities regulator. United States Court of Appeals Circuit's unanimous decision and its rejection of the SEC's arguments contribute to this shift. The analysts predict spot Bitcoin ETF approvals to be highly probable by Q4 2024, estimating a 95% chance. Seven Bitcoin spot ETF applications, including those by Bitwise, BlackRock, and VanEck, face upcoming decisions by the SEC, with expectations of potential delays or sudden approvals.

cointelegraph - 1089 ngày trước

Cardano's Wallet Count Rises by 250k Since April Despite ADA Price Setback

Cardano (ADA) community remains resilient despite ADA price decline. New unique wallet addresses have surged by 6%, reaching 4.26 million from 4.02 million since April 1. Delegators increased by 30,000 during this period. The network averaged 1,600 new wallets daily over 151 days. ADA's value dropped from $0.40 to $0.26 in this time, a 35% loss. Cardano faces a 4.75% loss in a bearish crypto market. Nonetheless, ADA's utility growth could boost its price performance. ADA could recover to $2.71, if it regains its past $95 billion market cap.

Finbold - 1089 ngày trước

Massive Bitcoin Purchase of $388M Made by Whales Before Grayscale-SEC Announcement

Bitcoin whales have been steadily accumulating more BTC in recent months, using price dips as buying opportunities. Notably, ahead of the Grayscale vs. SEC court decision, large holders added over $388 million to their holdings, coinciding with a 6% price surge. Market analysts speculate about the role of these whales and sharks, hinting at potential market manipulation. The court ruling, which favored Grayscale's petition against the SEC, is seen as a positive step towards the US's first spot Bitcoin ETF, including BlackRock's application. Bitcoin's price currently hovers around $27,370.

CoinJournal - 1089 ngày trước

Robinhood Expands Web3 Wallet Integration to Include Bitcoin and Dogecoin alongside Other Cryptocurrencies

Robinhood's self-custody Web3 wallet now supports Bitcoin and Dogecoin networks alongside Ethereum and other tokens. The wallet was initially launched with Polygon support for select iOS users in September 2022, expanding to over 130 countries in March. The platform responded to user demand by including Bitcoin and Dogecoin network support, along with in-app swaps for over 200 Ethereum tokens. Robinhood aims to simplify DeFi complexities and plans to enhance access to additional low-cost, secure layer-2 chains as per user requests. The move follows the launch of Robinhood Connect, facilitating US users' crypto transactions.

Blockworks - 1089 ngày trước

Binance Rolls Out Send Cash Crypto Transfer Service in Nine Latin American Nations

Binance introduces Send Cash, a new crypto transfer service, catering to Latin America. Users from nine countries, including Colombia, Argentina, and Mexico, can now utilize Binance Pay to send funds to bank accounts in select nations. The move aims to address regional financial challenges and promote crypto's role in daily life. The service arrives as Binance's card partnership with Mastercard ends in Latin America and the Middle East. Venezuelan users raise concerns about missing Banco de Venezuela option in Binance's P2P platform, attributed to regulatory compliance requirements for payment methods.

BeInCrypto - 1090 ngày trước

Indian Tycoon Mukesh Ambani's Reliance Industries to Explore Blockchain Platforms and CBDCs

Mukesh Ambani, Chairman of Reliance Industries, revealed the company's expansion into blockchain and central bank digital currencies (CBDCs) through its financial arm, Jio Financial Services (JFS). Partnering with BlackRock, the move aims to enhance India's digital adoption by offering innovative features like blockchain-based platforms and CBDCs. While Reliance Retail has begun piloting CBDC acceptance, the broader move signals Reliance's strategic interest in these technologies. India's advancements in CBDC development are ongoing, positioning the country at the forefront of wholesale and retail CBDC implementation.

coindesk - 1090 ngày trước

Ethereum's Staked Amount Surges, Nearly Doubling ETH Reserves on Exchanges

The amount of Ethereum being staked within the network has surged, potentially reaching double the volume held on centralized exchanges. Recent data revealed a staking balance exceeding 28 million ETH, while exchange balances dropped to 14.7 million ETH. This trend underscores a shift towards self-custody and staking, with over 20% of the total supply now staked. Despite this growth, Ethereum's market value remains undervalued in the midst of a bear market. Notably, major players like Lido, Coinbase, and Binance are contributing to this transformative movement in Ethereum's ecosystem.

BeInCrypto - 1090 ngày trước

Elon Musk's X (Previously Twitter) Secures License for Crypto Payment

Elon Musk's X (formerly Twitter) is evolving into an "everything app," merging functionalities like a payment hub with the microblogging platform. This mirrors Musk's vision of X as a "DOGE-friendly" space. The firm is actively obtaining licenses in US states to operate as a crypto-friendly entity, emphasizing fiat transactions under the "Money Transmitter License." Recently, Rhode Island granted X's payment division the requested "Currency Transmitter" license, enabling crypto services like exchanges and wallets. This empowers X to manage digital assets' storage, transfer, and exchange. However, Musk's complete crypto integration roadmap remains uncertain.

Finbold - 1090 ngày trước

Crypto Exchange Supplies of Bitcoin Reach Lowest in Almost Six Years: Santiment Report

Recent data from crypto analytics firm Santiment highlights a significant trend favoring cryptocurrencies. The supply of Bitcoin on crypto exchanges has reached its lowest level in more than five years, accounting for only 5.8% of its overall supply, a level not seen since December 2017. This suggests growing interest in holding BTC outside of exchanges. Furthermore, Bitcoin leads in active address activity, surpassing other digital assets like Tether, Ethereum, Polygon, and Litecoin. Ethereum sees its 10 largest addresses holding 35% of the coin's total supply, attributed to smaller investors reacting to market uncertainty.

The Daily Hodl - 1091 ngày trước