News

70% of Institutions Stake ETH: Key Survey Insights 2024

A Blockworks Research report shows 70% of institutional investors are actively staking Ethereum, with over half holding liquid staking tokens. Security and liquidity emerge as top priorities, while Lido Protocol dominates the liquid staking market.

Karim Noun

A Blockworks Research report shows 70% of institutional investors are actively staking Ethereum, with over half holding liquid staking tokens. Security and liquidity emerge as top priorities, while Lido Protocol dominates the liquid staking market.

Tron Records Revenue of $151.2M in Q3: SunPump's Impact

Tron has recorded a Q3 revenue of $151.2 million, up 30% from the increase caused by the SunPump launchpad and the activity of meme coins.

Yagyesh Jaiswal

At the end of Q3 2024, Tron recorded revenue of $151.2 million driven by its SunPump launchpad and meme coins, nearly a 30% increase from the previous quarter, as the development of the decentralized finance landscape is on overdrive.

Dogecoin Surges to New Highs on Social Activity Spree

The price of Dogecoin surged massively due to an increase in social media mentions, and stirrings from recent public utterances by Elon Musk.

Yagyesh Jaiswal

Dogecoin surges in price to an 11-week high while setting a new record in social media engagement. Comments by Elon Musk have piqued interest lately and set price targets at $0.1835.

Do Kwon Allegedly Transacted Crypto from Montenegrin Prison

Reports have it that Do Kwon made crypto transactions from a Montenegrin prison. The situation has raised a lot of concerns about security breaches.

Yagyesh Jaiswal

Do Kwon, founder of Terraform Labs, reportedly made transactions in cryptocurrency from his prison cell in Montenegro. In 72 days, his devices were seized, and besides that, he had access to his accounts. Much more is under investigation as to the extent of his actions.

Vitalik's Surge Plan Targets 100K TPS Goal for Ethereum

Vitalik Buterin aims to achieve 100,000 TPS on the Ethereum blockchain by 2024 through rollups while the competition in the Layer-1 space increases and Ether's price remains subdued.

Yagyesh Jaiswal

Ethereum co-founder Vitalik Buterin hopes to increase that figure to 100,000 TPS in 2024, and do so through Layer-2 rollups to scale further. However, as the Layer-1 space becomes increasingly competitive, the price of Ether has struggled to convince otherwise that Ethereum will be able to keep its position in the market.

Canary Capital Pioneers First US Spot Litecoin ETF Filing

Canary Capital files the first-ever spot Litecoin ETF application in the US. The filing's unique position, due to Litecoin's fair launch and proof-of-work model, sets it apart from recent Solana ETF applications.

Karim Noun

Canary Capital files the first-ever spot Litecoin ETF application in the US. The filing's unique position, due to Litecoin's fair launch and proof-of-work model, sets it apart from recent Solana ETF applications.

Bitcoin Surges to $67,800: Inside the Latest Rally

Bitcoin reaches a 10-week high of $67,800, driven by strong institutional demand and whale accumulation. CryptoQuant reports a 177,000 BTC demand increase, the largest since April, suggesting continued growth potential.

Karim Noun

Bitcoin reaches a 10-week high of $67,800, driven by strong institutional demand and whale accumulation. CryptoQuant reports a 177,000 BTC demand increase, the largest since April, suggesting continued growth potential.

BTC's Rally: A Sign of Investor Readiness for $80K Surge?

Explore how recent crypto market reactions to regulatory hints suggest a bullish trend for Bitcoin, potentially reaching $80K before the upcoming elections.

Karim Noun

Bitcoin's recent rally, sparked by Vice President Harris' comments on digital asset regulation, indicates strong investor optimism. Bitwise CIO Matt Hougan suggests this could lead to Bitcoin targeting $80,000 before the November elections.

Tether Eyes Commodity Trading Expansion

Tether, the USDT stablecoin issuer, is considering expansion into commodities trading and other traditional finance ventures, leveraging its $5.2 billion profit from the first half of 2024.

Karim Noun

Tether, the USDT stablecoin issuer, is considering expansion into commodities trading and other traditional finance ventures, leveraging its $5.2 billion profit from the first half of 2024.

Tesla Moves 11.5K BTC To New Wallets, Sparking Speculation

Tesla moved 11,509 Bitcoin, raising many questions about whether or not the sales will take place, a strong move from the company's strategy regarding the cryptocurrency.

Yagyesh Jaiswal

Tesla moved 11,509 Bitcoins into new wallets, worth about $773 million on October 16, 2024. This raises speculations over the possible sales of the cryptocurrency. It is the first on-chain transfer by the company in more than two years.

Trump Fundraising Reaches $7.5M While WLFI Sale Struggles

Crypto donations to Donald Trump surged to $7.5 million while the highly hyped WLFI token sale raised just 3.4% of its target.

Yagyesh Jaiswal

Ahead of the election in 2024, crypto donations to Donald Trump's campaign have reached $7.5 million. However, the WLFI token sale his family launched is undersubscribed, having attracted just 3.4% of its $300 million target.

Bitcoin Breaks $63K: More Upside Ahead?

Bitcoin surpasses $63,000 resistance level. Discover key on-chain metrics suggesting potential for further price increases.

Karim Noun

Bitcoin breaks $63,000 resistance, with Bitfinex analysts predicting more upside potential based on key on-chain metrics and market resilience despite recent volatility.

Bitcoin's Historic Sideways Trading in Halving Year

Bitcoin is experiencing an extended sideways trading period post-halving, potentially the longest in its history. Despite reaching a new all-time high before the halving, the market shows signs of an extended re-accumulation phase.

Karim Noun

Bitcoin is experiencing an extended sideways trading period post-halving, potentially the longest in its history. Despite reaching a new all-time high before the halving, the market shows signs of an extended re-accumulation phase.

ETC Group: Hold ETH, SOL, APT Amid Market Shifts

ETC Group recommends holding Ethereum, Solana, and Aptos due to their strategic importance in the layer-1 blockchain space, despite recent market challenges and shifts in network dominance.

Karim Noun

ETC Group recommends holding Ethereum, Solana, and Aptos due to their strategic importance in the layer-1 blockchain space, despite recent market challenges and shifts in network dominance.

Bitcoin Reclaims $64K Amid ETF Growth: Bulls Return?

Recently, the price of Bitcoin jumped well over $64,000. Is this an indication of a bullish trend? Keep reading as analysts weigh in on this market move.

Yagyesh Jaiswal

Bitcoin has regained the level of $64,000, raising questions as to whether this indeed is a prelude to an uptrend. Bitcoin, even after its recent rise, analysts argue that it would take more gains that are consolidated for the bulls to have total control over the market again.

Vitalik Buterin Sells Memecoins for Charity Support

While Vitalik Buterin sells memecoins for charity, Ethereum and Solana are preparing to make major price movements.

Yagyesh Jaiswal

This week, Vitalik Buterin sold a host of memecoins to raise funds for charitable organizations. Meanwhile, Ethereum gets ready for a potential uptick in price, while Solana heads toward $163.

Dogecoin Activity Reaches 8-Month High With Stable Price

The network activity for Dogecoin has leapt to an 8-month high as active addresses count above 133,000 while the price is in consolidation mode.

Yagyesh Jaiswal

Dogecoin saw network activity climb to an 8-month high when active addresses on the network recorded 133,880 on October 13th, 2024. However, the growth has not managed to send the price spiraling upwards. It is still at the low to mid-range values ranging from $0.10 to $0.13 due to market sentiment presented by mixed feelings.

Stablecoins: Latin America's Shield Against Economic Turmoil

Stablecoins gain popularity in Latin America as a hedge against economic instability. Argentina and Brazil lead in crypto adoption, with stablecoins providing financial stability in high-inflation environments.

Karim Noun

Stablecoins gain popularity in Latin America as a hedge against economic instability. Argentina and Brazil lead in crypto adoption, with stablecoins providing financial stability in high-inflation environments.

Bitcoin's Path to $80K: Key Factors for 2024 Rally

Discover how US elections, economic conditions, and crypto industry stability could push Bitcoin to $80,000, according to Bitwise CIO Matt Hougan

Karim Noun

Bitwise CIO Matt Hougan predicts Bitcoin could reach $80,000 if a Democratic sweep is avoided in US elections, the Fed cuts rates, and the crypto industry remains stable.

TON's Stablecoin Supply Increase by 25%, Holders Exceed 100M

While the case against Telegram's founder unravels, the TON blockchain is growing at an incredible pace and has reached 100 million holders. The supply of its stablecoin surged 25%, signaling confidence.

Yagyesh Jaiswal

The number of TON blockchain holders has surged past the 100 million threshold. The number of stablecoins supplied increased by 25% since April. This comes amid Telegram facing legal hurdles, yet developers and investors remain optimistic. Gate.io's $10M investment aims at further boosting TON's ecosystem.

HBO Says Peter Todd is Satoshi Nakamoto: Community Reacts

HBO's documentary claims Peter Todd is Bitcoin's creator, Satoshi Nakamoto. The crypto community reacted skeptically to the claim.

Yagyesh Jaiswal

A new HBO documentary, "Money Electric", calls out Peter Todd as the creator of Bitcoin. The crypto community protests the claim with virality. Among the debunking voices are experts pointing at Todd's denials.

New BTC Whales Surge: $100B+ Investment Signals Market Shift

Fresh Bitcoin whales invest over $100 billion, representing 48.8% of Bitcoin's realized cap. On-chain data shows significant market transformation.

Karim Noun

New Bitcoin whales have invested nearly $108 billion, representing 48.8% of Bitcoin's realized cap. This surge in investment, along with increasing active addresses, signals a potential market transformation, though speculative pressures remain.

Trump Leads Betting Markets: 2024 Odds

Trump edges ahead of Harris in 2024 election betting markets. Musk calls it more accurate than polls as money is involved, sparking debate on predictive market's accuracy

Karim Noun

Donald Trump has taken a slight lead over Kamala Harris in 2024 presidential election betting markets. Elon Musk endorses the predictive power of these markets, while analysts debate their accuracy and potential impact on Bitcoin prices.

Court Approves FTX's $16.5B Plan to Repay Customers

Court approves FTX's $16.5 billion bankruptcy plan to repay defrauded customers in cash with interest, starting within 60 days of plan implementation.

Karim Noun

A US court has approved FTX's $16.5 billion bankruptcy plan, allowing it to repay defrauded customers in cash with interest. The plan prioritizes customer claims and aims to reimburse 98% of customers with nearly 119% of their account value as of November 2022.

Trump Surges in Betting Odds Against Harris Amid Musk Rally

Donald Trump's betting odds rose to 52.8% against Kamala Harris on Polymarket after an Elon Musk rally, reflecting shifting dynamics in the 2024 election.

Yagyesh Jaiswal

Following Elon Musk's rally, Donald Trump's odds of betting catapulted to 52.8% at Polymarket, inching past Kamala Harris. This further manifests how publicized endorsements come out as event drivers of the presidential campaign.