The supply of Bitcoin (BTC) on cryptocurrency exchanges has dropped to a 5-year low of around 2.29 million BTC, according to blockchain data platform Glassnode. This decrease in supply on exchanges has been observed by the behavior analytics platform Santiment, which estimates that the percentage of BTC supply on exchanges has decreased from 5.99% to […]
Judge Analisa Torres has rejected the United States Securities and Exchange Commission’s (SEC) motion to file an interlocutory appeal against the recent Ripple ruling. In an Oct. 3 court order, Judge Torres denied the SEC’s motion as the SEC failed to meet its burden to show there were controlling questions of law or that there […]
Chainlink, a leading blockchain oracle ecosystem, has launched Chainlink Data Streams, an all-in-one data solution for decentralized applications (Dapps) and decentralized financial ecosystem (DeFi) developers. The Data Streams combine low-latency data delivery and automated trade execution to help developers scale in a secure and sustainable ecosystem. Leading DeFi protocol GMX has already integrated with the […]
Binance, a global crypto exchange, announced on Oct. 3 that it will end support for Binance USD (BUSD) borrowing and staking positions by Oct. 25, 2023. The exchange has urged its users to convert their BUSD holdings to First Digital USD (FDUSD) as part of the gradual phasing out of support for the stablecoin. This […]
Bitstamp, a prominent cryptocurrency exchange, has announced its plan to embrace multi-chain functionality by introducing USDC on the Stellar network. This development marks the start of an exciting journey to expand the platform’s capabilities and provide users with broader access to diverse blockchain ecosystems.The integration of USDC into the Stellar network via Bitstamp offers many […]
Ether (ETH) traded at just above $1,650 on Oct. 3, after dropping 5.3% in two days. The price had advanced 10% in the last week of September and hit a local peak at $1,750 on Oct. 1. The correction followed the Bitcoin-led correction that printed red candles on the charts of all top 40 digital […]
Uniswap (UNI) has recently achieved a major milestone of 300 million swaps, indicating a resurgence in user activity and a major comeback for the leading Decentralized Exchange (DEX) protocol. This growth is significant as it comes after a period of unfavorable market conditions and stunted growth.Data from Token Terminal shows that Uniswap’s daily user activity […]
Bitcoin’s recent rally past $28,000 has defied traditional market trends, with open interest, as a percentage of Bitcoin’s market cap, approaching an annual low. This surprising contraction in speculative trading amidst bullish momentum has raised questions about whether traders are becoming more cautious or anticipating a potential price correction. However, something intriguing is occurring beneath […]
Amidst a bullish start to October, Shiba Inu (SHIB) has experienced a breakout delay. Despite the hype around Ether futures ETF products, their performance has been underwhelming leading to ETH’s poor performance. SHIB has found support around $0.00000731 as it draws a short-term bearish pattern.The crypto community is looking forward to the approval of a […]
The Bitcoin Cosmos Nomic DAO will take control of the bridge after a planned upgrade. This upgrade is scheduled to take place on October 3, 2023.The bridge is a system that allows users to transfer funds between different blockchains. It is a key component of the Bitcoin Cosmos network, which is a decentralized platform for […]
