Coinbase, run by CEO Brian Armstrong, currently is the custodian for five of the 12 proposed bitcoin ETFs in the U.S., a level of concentration that makes some uneasy. Fidelity has decided to custody their own assets, leaving six applications that currently list no custodian.
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In a Nov. 20 post on X, Coingecko, a leading cryptocurrency data aggregator reports Ethereum, Tron and Binance Smart Chain make up a total of 92.5% of total value locked (TVL) of the top Layer-1 blockchains.
At the same time, L1s are said to only be experiencing modest growth in TVL Read More
In a Nov. 14 post, the cryptocurrency on-chain data analysis firm Lookonchain reports whale activity amid Ethereum price surge.
Notable sales have included a $154 million profit for one whale and a loss of $183 million for another.
Whale movement on chain
In the thread, Lookonchain points to the whale at address “0xee47,” Read More
“From the discussions I had with the major ecosystem players, it did have a huge impact that forever changed the Korean [decentralized finance, or DeFi] ecosystem for institutions,” Hoon Kim, the chief technology officer at blockchain project Astar, told CryptoX. “It made it harder for the retail investors to look Read More
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In Q2 2023, the crypto market was turbulent, mostly in a downtrend before consolidating, impacting various assets. This market-wide trend has created opportunities for certain currencies to carve out a bigger market share and assert dominance. Read More
Recent data has revealed that throughout April, the nonfungible token (NFT) market has consistently seen more sellers than buyers, without a single exception.According to data from the analytics platform NFTGo, there were only 7,907 buyers on April 26, while there were 8,641 attempting to sell their NFTs.Days before, on April 19, Read More
The largest cryptocurrency by market capitalization has weathered severe macroeconomic uncertainty in recent weeks to maintain its current threshold,
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Bitcoin price plummeted consistently after it breached the $20,000 mark. Over the last 24 hours, the Bitcoin has registered very little movement.
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Weiss Ratings believes that Bitcoin and the crypto markets are being dominated by the ongoing monetary policies of various global central banks.
They forecast an inflationary future where current politicians lose their jobs for plunging the world into a deflationary depression.
Bitcoin and crypto will finally move upward when new legislators Read More