Shiba Inu’s popularity is soaring as Crypto.com announces support for the meme coin. Crypto.com Embraces Shiba Inu Crypto.com has added Shiba Inu to its Visa card program, alongside other meme coins like Floki and PEPE. The Visa card allows users to make crypto payments and withdraw cash at ATMs. Global Adoption for SHIB With Crypto.com’s…
Voting Process The voting for the Interim Constitutional Committee (ICC) began on June 13th and will run until June 23rd. ADA holders can select three new members for the ICC through the Summon Platform. The ICC will play a key role in upholding the interim constitution during the upcoming Chang hard fork. Criticism of Voting…
Ethereum (ETH) holders are on the rise, even as the cryptocurrency’s price continues to fall. According to analytics platform Santiment, ETH wallets have been increasing while Bitcoin (BTC) wallets have been decreasing since mid-March. Bitcoin Holders Liquidating Santiment notes that Bitcoin holders have recently experienced their biggest three-day drop in non-empty wallets since before the…
Binance Labs, the venture capital arm of the world’s largest cryptocurrency exchange, has invested in Rango, a cross-chain decentralized exchange (DEX) and bridging aggregator. Rango: Connecting Traders Across Blockchains Rango aggregates liquidity from multiple blockchains, including Bitcoin, Solana, Tron, and Cosmos. It offers over 60 digital assets, 70 DEX protocols, and 20 bridges, with a…
According to Glassnode, a blockchain analytics company, Coinbase currently holds a massive amount of Bitcoin (BTC), accounting for about 4% of the cryptocurrency in circulation. Vast Holdings Coinbase’s custody service manages approximately 839,000 BTC, divided between its exchange and custody entities: Coinbase Exchange: 270,000 BTC Coinbase Custody: 569,000 BTC Surge in Deposits Coinbase saw a…
Falling Bitcoin Exposure Hedge funds are getting cold feet on Bitcoin. Their exposure to the cryptocurrency has dropped to its lowest level since October 2020. André Dragosch, a research expert, says this shift shows a cautious or even negative view of Bitcoin among professional investors. Broader Market Trends This caution aligns with other trends, like…
Analysts at crypto hedge fund Pantera Capital predict that Solana (SOL) is poised to gain market share from Ethereum (ETH) and other layer-1 competitors. Advantages of Solana’s Architecture According to Pantera analysts, Solana’s unique architecture gives it an edge over other blockchain projects. Its monolithic design and focus on optimization provide: Enhanced user experience Increased…
Whales Reduce Holdings Over the past year, Dogecoin whales (holders with at least 1% of the supply) have been unloading their coins. A year ago, they held 45.3% of the supply, but today it’s down to 41.3%. This means they’ve sold around 9% of their holdings. Redistribution to Smaller Holders As whales sell, smaller investors…
Despite the recent market downturn, Dogecoin (DOGE) has bucked the trend and seen its price rise. Here are a few reasons why: X Payments Speculation Rumors are swirling that X (formerly Twitter) will soon accept DOGE payments. This has sparked excitement and increased demand for the meme coin. Arthur Hayes’ Support BitMex founder Arthur Hayes…
Market Downturn Impact Amidst a broader market decline, Solana (SOL), known for its fast and affordable transactions, has hit a 45-day low. This has raised concerns among investors about the asset’s short-term prospects. Underperformance Compared to Peers According to trading data, Solana has fallen by 24% since June 7th, underperforming major cryptocurrencies like Ethereum, Arbitrum,…
