On Dec. 23, Chainlink announced a novel oracle solution designed to enable DeFi applications to “recapture non-toxic Maximal Extractable Value (MEV)” called Smart Value Recapture (SVR). Currently, when DeFi protocols use price oracles, such as during liquidations, value is captured by third parties, including searchers and validators. None of this value returns to the protocols […]
Institutional investors are getting cold feet as the crypto market correction deepens with spot Bitcoin ETFs in the US reversing a fifteen consecutive trading day trend of inflows. For the past three trading days, the eleven spot Bitcoin ETFs have shed $1.17 billion as the asset fell more than 14% from its all-time high a […]
Institutional investors now account for 31% of all known Bitcoin (BTC) holders, reflecting a sharp increase from 14% in 2023. The uptick has been largely driven by spot Bitcoin exchange-traded funds (ETFs), government acquisitions, and MicroStrategy’s ramping up of its BTC strategy, which has seen its stash grow to over 440,000 BTC. ETFs, MicroStrategy, Drive […]
After a 9.8% drop in Bitcoin’s value over the past week, investors are showing signs of caution, worried about the potential for further declines. Despite this, Japan-based Metaplanet has reaffirmed its confidence by buying nearly 620 BTC. Interestingly, the latest acquisition marks its largest Bitcoin purchase to date. Metaplanet’s Largest Single BTC Acquisition According to […]
TL:DR; Ripple’s cross-border token took the recent market-wide meltdown quite badly, with its price dumping from over $2.7 to under $2 within days. The asset has recovered some ground but now sits at a pivotal level that will determine whether it resumes its bull run or slips once again. The start of the business week […]
TL;DR Internet Computer (ICP), Chainlink (LINK), and Hedera (HBAR) retained their top spots in terms of “notable development activity.” The rankings are based on filtered development events that reflect real progress, emphasizing active contributions from developers. The Top 10 List Cryptocurrency analytics platform Santiment recently estimated that Internet Computer (ICP) ranked first in terms of […]
With the crypto market halfway through this bull cycle, the amount of bitcoin readily available for sale is shrinking faster relative to demand growth. On-chain analysis by the market intelligence firm CryptoQuant revealed that the bitcoin market is currently experiencing a demand shock because demand growth is accelerating and supply is shrinking. According to a […]
Cardano’s blockchain technology is set to revolutionize the Argentine lithium industry through an agreement with three players in the sector: Atómico 3, Zengate, and Alto Grande. The collaboration will introduce the world’s first lithium tokenization project, a disruptive initiative scheduled for launch in Q1 2025. Mechanics of Tokenization According to local reports, the project will […]
Shanghai-based car dealership Cango Inc. has pivoted to Bitcoin (BTC) mining, announcing a $256 million acquisition of 32 exahashes per second (EH/s) in hashrate from Bitmain Technologies. In November, the company extracted 363 BTC, worth about $36 million, without liquidating any assets, positioning it as one of the top players in the global Bitcoin mining […]
TL:DR; The entire cryptocurrency market went through a massive crash in the past few days, but Ripple’s cross-border token was among the poorest performers. Since then, though, XRP has gained roughly 20%, leading to the question of whether it has found its bottom. XRP Bounces Off The developments at the start of the business week […]