Year: 2024
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Insights
NFT gas usage on Ethereum reaches 2-year low
The Ethereum network is experiencing a significant reduction in gas consumption by NFT marketplaces, dropping to levels recorded in June…
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Insights
Options implied volatility drops but market still expects turbulence
The implied volatility (IV) for Bitcoin options decreased significantly in July. The IV for Bitcoin options on Aug. 3 is…
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Insights
Coinbase sees more revenue from subscriptions, services than fees
Coinbase, the largest cryptocurrency exchange in the U.S., recorded more revenue from subscriptions and services than transaction fees in Q2…
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Insights
Bitcoin at $29,200 as unemployment rate drops to 3.5%
The jobs and unemployment report for July indicates that the labor market has begun to cool down, in line with…
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Insights
Bitcoin sees the second-highest number of new Inscriptions per day
A total of 400,000 new Ordinal Inscriptions were added to the Bitcoin blockchain on Aug. 7. According to data from…
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Insights
Market sentiment sways as Tether sees largest redemption since FTX collapse amid PYUSD launch
Quick Take Tether, the issuer of USDT, has recently experienced one of its largest redemptions since the FTX collapse in…
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Insights
Long-term HODLers rule Bitcoin landscape amid strategic cling to value despite price swings
The Bitcoin ownership landscape is in a historic shift. Long-term hodlers, those holding Bitcoin for over a year, currently dominate…
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Insights
Inflationary trends in the spotlight: U.S. awaits crucial CPI data this week
As the financial markets brace for continued volatility, Thursday’s upcoming US CPI data is on high alert. Inflationary pressures are…
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Insights
Bitcoin circling the $30,000 mark nine months ahead of next halving
Quick Take A notable lack of volatility marks Bitcoin’s current cycle, as the leading cryptocurrency meanders below the $30,000 mark.…
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Insights
Huge Bitcoin withdrawal hints at bullish sentiment as whales move $400M off exchanges
In a turn of events that’s piqued the interest of the crypto world, nearly $400 million in Bitcoin was abruptly…
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