Bitcoin Fees Soar Above Ethereum’s As Investors Flock To Ordinals
CryptoFees data shows that Bitcoin daily fees averaged $10.65 million from November 16 to November 18, surpassing Ethereum’s average fee of nearly
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Flock
Grayscale's Solana Trust Trades at 869% Premium as Institutions Flock to SOL
Grayscale's Solana Trust (GSOL) is trading at $202 a share following a 653% rise since the start of September. The Trust's underlying asset, SOL, has trebled to $58 in the same period. Source
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Crypto Traders Flock to OTC Markets as Exchange Liquidity Dries Up Amid Regulatory Clampdown
Last month, Jane Street and Jump, two prominent market makers, announced that they were at very least reducing their trading activity. This compounded the liquidity woes that had been felt since FTX's collapse, with market depth on exchanges sliding by more than 50% between November and May, according to Kaiko. Source
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Latam crypto holders flock to Bitget following Binance, Coinbase suits
Crypto exchange Bitget has seen a surge in new accounts in Latin America following lawsuits by United States regulators against major competitors Binance and Coinbase.As compared to daily averages, new users in the region increased by 43% from June 6 to 9, with Brazil and Argentina leading market share growth,
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Institutions Flock to Ether After Shapella Upgrade
Open interest in CME futures has risen to the highest level since March 2022, indicating an influx of institutional traders to the crypto market. Source
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Speculators flock to Arbitrum IOU tokens ahead of this week’s ARB airdrop
Developers from the Arbitrum Foundation announced the launch of Arbitrum DAO and its native governance token, ARB, on March 16. Eligible users and developers will receive 12.75% of the token’s total supply of 10 billion on March 23, when the token will be deployed. Speculation around ARB began soon after the
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Investors Flock to Tokenized Diamond as Crypto Banking Crisis Props Hard Assets
“Our investors, who very often have gold in their portfolios, sees diamond as something that is uncorrelated to other assets,” providing them an opportunity for diversification and hedging, he said. Kinney noted that the price of diamond is still playing catch-up with other precious metals, opening doors for investors to
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Kazakhstan ready to legalize crypto as Russians flock to the country
Kazakhstan is ready to legalize a mechanism for converting cryptocurrencies to cash if there is demand, said President Kassym-Jomart Tokayev, per local news agency Informburo on Sept. 28.Speaking at the international forum Digital Bridge 2022, Tokayev emphasized that Kazakhstan aims to become an international leader in the field of digital
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Shiba Inu Owners Flock to Burn Portal With 11B Tokens Removed
SHIB valued about $251,000 have been burned in the first 24 hours of operation, data show. Source
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Users flock to Curve amid lack of stablecoin liquidity on major DEXs
In a Tweet posted by user @cryptotutor Friday, a screenshot appears to show a 27% spread between stablecoin Magic Internet Money (MIM) and USD Coin (USDC) trading pair on decentralized exchange, or DEX, Uniswap (UNI). Both have a theoretical peg of 1:1 against the U.S. Dollar."Magic Internet Money," joked cryptotutor,
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