Tag: Cryptoslate
Blockchain
Kraken experiences largest outflow with $1.6 billion in Bitcoin transactions
Quick Take Kraken, the digital asset exchange, recently experienced its largest outflow in dollar value, with approximately $16 billion being transferred out of the platform on May 30, according to
Blockchain
Romanian city Tuzla to become a blockchain-powered DePIN smart hub with ARAX partnership
ARAX has announced a strategic partnership with the Municipality of Tuzla, Romania, to launch a Decentralized Physical Infrastructure Network (DePIN) project aimed at transforming the city into a
Blockchain
Fidelity’s $119.1 million inflow boosts Bitcoin ETF gains as inflows hit 13-day streak
Quick Take On May 30, Farside data revealed that Bitcoin (BTC) Exchange-Traded Funds (ETFs) experienced another inflow of $488 million, marking 13 consecutive trading days of positive inflows The
Blockchain
Balchunas predicts end of June ETH ETF launch as Grayscale updates S-3 statement
Bloomberg ETF analyst Eric Balchunas said on May 30 that US spot Ethereum ETFs could launch in June amidst updated BlackRock and Grayscale filings Balchunas said there is a “legit
Blockchain
Institutional participation fuels Bitcoin futures resurgence
Onchain Highlights DEFINITION: Bitcoin futures open interest (OI) is the total amount of funds allocated in open futures contracts Bitcoin futures OI has seen a further rebound recently As
Blockchain
Bitcoin market split as buying and selling volumes remain the same
Bitcoin’s spot trading volumes over the past week show a varying level of market activity and sentiment Bitcoin’s price saw some volatility over the week, peaking on May 25 at $69,270,
Blockchain
Trump’s guilty verdict unlikely to derail pro-crypto Presidential campaign
Despite being convicted on 34 felony counts of falsifying business records, former President Donald Trump’s pro-crypto presidential campaign shows no signs of slowing down In a historic moment
Blockchain
NYDFS establishes new guidelines for crypto companies to enhance customer service standards
The New York State Department of Financial Services (NYDFS) issued new guidelines on May 30 to enhance customer service standards for Virtual Currency Entities (VCEs) The guidelines will come into
Blockchain
Rising MVRV Z-Score signals possible Bitcoin bull run
Onchain Highlights DEFINITION: The MVRV Z-Score evaluates whether Bitcoin is overvalued or undervalued relative to its “fair value” Instead of using a traditional z-score method, the MVRV
Blockchain
Tether asserts almost 75% dominance in stablecoin market
Quick Take According to Glassnode data, the stablecoin market continues to grow, with the combined market capitalization of the top five stablecoins surpassing $150 billion Leading the pack is Tether
Blockchain
SEC commissioner Hester Peirce proposes shared US-UK digital securities sandbox
SEC commissioner Hester Peirce proposed a shared digital securities sandbox between the US and the UK on May 29 The proposal would extend the Bank of England and FCA’s joint digital securities
Blockchain
Musk denies reports claiming he has been counseling Trump on crypto
Elon Musk denied reports that he had been advising former President Donald Trump on crypto-related matters but reaffirmed his support for digital assets The Tesla and SpaceX CEO’s public denial
