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Some observers have long argued that the impact of unlocks accentuate the prevailing market trend. "Large unlocks of tokens are a complex event that interface with market psychology. Simply put, large unlocks can be bullish catalysts in bulls, and bearish catalysts in bears. They unlock liquidity to continue the prevailing
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Activity in decentralized exchanges like dYdX and GMX, offering perpetual futures, has picked up pace since the collapse of centralized derivatives giant FTX. Trading volume on dYdX increased to $2.9 billion on Jan. 14, according to data from Nomics, after reaching lows of $212 million after FTX’s unfolding. Perpetuals are
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Before Framework Ventures’ on-chain actions, the 99 million GRT, worth roughly $7 million, had been sitting in the Graph’s staking contract since Feb. and March 2021. Source
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Can you imagine how a virus spread and made the entire world go digital for literally everything?Schools, jobs, shopping, food, and almost everything went virtual. It was difficult for most of us to move from physical to digital. However, from a business perspective, the year 2020 gave a potential boost
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Taproot support across the industry is still crawling one year after the Bitcoin soft fork, indicating a strong potential for innovation and broader adoption of Web3 solutions to be unlocked through the world's largest cryptocurrency, sources told Cryptox. "Since early on, Satoshi predicted that layers being built on top of the Bitcoin
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Some 21.5 million tokens, almost 8% of the total supply, will be freed up when the vesting period expires Oct. 24, according to data site TokenUnlocks. Aleksander Larsen, chief operating officer of Axie developer Sky Mavis, told CoinDesk the unlock schedule is based on transaction block numbers, which he projected
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Of the 1 billion total supply, 62% belongs to the ecosystem fund, 16% to ApeCoin issuer Yuga Labs, 8% to Bored Ape Yacht Club (BAYC) founders and 14% to independent launch contributors. The unlocks for Yuga and BAYC founders are scheduled for March 2023, while this weekend’s unlocks are part
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By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). Whilst Bitcoin lacks volatility so far this week, remaining around $21,300, institutional interest is ‘massive’ according to
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pStake will allow users to stake any non-zero amount of BNB. Source
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Bitcoin (BTC) faces a new selling threat in the near future as users of defunct exchange Mt. Gox prepare to get their BTC back.In fresh correspondence dated July 6, attorney Nobuaki Kobayashi, appointed trustee in Mt. Gox rehabilitation process, confirmed that he was "preparing to make repayments" to account holders.Cash,
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