Tag: Cryptoslate
Blockchain
Senator Lummis says crypto will play important role in US economy post-elections
Senator Cynthia Lummis recently said the crypto market will play a significant role in the US economy unless the opportunity is squandered Lummis, a vocal advocate for pro-crypto legislation,
Blockchain
Bitcoin addresses with positive balances surpass 52.5 million amid strong growth since 2020
Onchain Highlights DEFINITION: Number of Addresses with a Non-Zero Balance by Glassnode is the number of unique addresses holding a positive (non-zero) amount of coins The number of addresses with a
Blockchain
Cathie Wood says ETH ETF approvals were political, praises El Salvador’s BTC approach
ARK Invest CEO and CIO Cathie Wood asserted on May 29 that the US SEC greenlit spot Ethereum ETFs for political reasons At Coindesk’s Consensus 2024, Wood identified two developments that
Blockchain
Mastercard launches Crypto Credentials system to simplify crypto transactions
Mastercard launched Mastercard Crypto Credential on May 29, enabling users to send and receive crypto using simplified aliases instead of complex blockchain addresses, according to a press release
Blockchain
Deutsche Bank sees blockchain as key to tackling margin compression
Deutsche Bank AG has announced its strategic push into blockchain technology as a potential remedy for the margin compression challenges facing the financial services industry, Bloomberg News
Blockchain
Gemini Earn returns over $2 billion in crypto, triggering concerns of sell pressure
Crypto exchange Gemini said users of its now-defunct Earn product received $218 billion of their digital assets, according to a May 29 statement These distributions amount to 97% of the total digital
Blockchain
Bitfarms rejects Riot’s unsolicited acquisition offer
Bitfarms said on May 29 that it rejected Riot Platform’s unsolicited acquisition proposal because the offer undervalued the company The proposal, received on April 22, offered $230 per common
Blockchain
Bitcoin miner capitulation: 14 days in, compared to 41-day average over the past 5 years
Quick Take The Hash Ribbon chart by Glassnode is a market indicator that identifies potential bottoms in Bitcoin’s price by analyzing miners’ behavior Specifically, it suggests that
Blockchain
PayPal banks on Solana’s stablecoin dominance to bolster PYUSD adoption
PayPal said it has expanded its US dollar stablecoin PYUSD to the Solana blockchain network to empower its users with fast, secure, and cheaper stablecoin transactions, according to a May 29
Blockchain
Ethereum’s grip on DeFi challenged by Tron’s stablecoin surge
Stablecoins are a foundational part of the crypto market Tracking their distribution across blockchains is essential for understanding the underlying trends in DeFi, as they represent the
Blockchain
Leveraged Ethereum futures ETF to debut on CBOE before spot ETFs launch
The Volatility Shares 2x Ether Strategy ETF (ETHU) will become the first leveraged Ethereum ETF to trade on the Chicago Board Options Exchange (CBOE) by June 4, according to a disclosure on its
Blockchain
Bitcoin spot market anticipates consecutive monthly drops post six-month growth period
Quick Take According to data from The Block, Bitcoin’s spot market volume saw a consistent upward trend from September 2023 to March 2024 The total spot market volume across all exchanges in
