Demand Metrics Tell the Tale CryptoQuant’s research chief, Julio Moreno, has shed light on the recent Bitcoin price drop. He points to the falling demand for Bitcoin as a major factor. The “apparent demand” metric measures the balance between production and inventory changes. In Bitcoin’s case, it tracks the amount of Bitcoin that has not…
Introduction WELL3 is an innovative project that combines decentralized technologies with health and wellness. Overview Company: WELL3 Token: WELL Sector: Decentralized Physical Infrastructure Network (DePIN) and Decentralized Identity (DID) Business Model: DePIN and AI platform for wellness Key Features Data Decentralization: Health data is securely stored and processed on the DePIN network, ensuring privacy and…
Coinbase Announcement Coinbase, a major US cryptocurrency exchange, has announced that it will not facilitate the upcoming merger of three AI-focused altcoin projects: Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX). Merger Details In March, the three projects announced plans to merge and form the Artificial Superintelligence Alliance (ASI). The merger is scheduled to begin…
A real estate attorney is suing JPMorgan Chase after the bank refused to reimburse her for $30,000 stolen from her business account. Unauthorized Transactions Ebony Lucas discovered that her account had been hit with fraudulent transactions, including: A car purchase Payments to a girlfriend’s bills Over $12,000 in bills paid to various retailers Suspect Identified…
Kidnapping and Extortion A 24-year-old Florida man, Remy St. Felix, has been convicted for leading a violent crime ring that targeted cryptocurrency owners. From September 2022 to July 2023, St. Felix and his crew invaded homes, kidnapped victims, and forced them to hand over their crypto wallets. Sophisticated Scheme Beforehand, the crew hacked into victims’…
A proof-of-work altcoin, Kaspa (KAS), has defied the recent market downturn, surging by 25% this week. Upcoming Token Standard Launch The surge is attributed to the upcoming launch of Kasplex, a protocol for the Kaspa ecosystem. Kasplex will introduce the KRC-20 token standard and support NFTs on the Kaspa network. Kasplex Protocol According to the…
Critical Support Level Crypto analyst Cryptorphic believes that FLOKI’s ability to hold the $0.000155 support level after the recent market crash is a positive sign. This level could serve as a bounce point for a price rally. Bullish History FLOKI has had a strong performance in 2024, with two major bullish surges in March and…
The Aptos Foundation and Alibaba Cloud have joined forces to boost Japan’s Web3 ecosystem. Co-branded Developer Community Together, they’ve launched Alcove, Asia’s first co-branded Move developer community. Alcove aims to: Promote the Move programming language Foster innovation Increase digital accessibility Move Development Initiatives The Aptos Foundation will spearhead initiatives through Alcove, including: Move developer meetups…
Declining Long-Term Holder Supply Data from CryptoQuant shows that Bitcoin’s long-term holder (LTH) supply has been decreasing lately. LTHs are investors who have held their coins for over 155 days and are known for their resilience. Selloff by LTHs The chart below shows the trend in the total supply held by LTHs and its 30-day…
Whale Activity on the Rise Despite the recent price drop in Shiba Inu (SHIB), some whales have been making big moves. In the past 24 hours, they’ve transferred a whopping 1.55 trillion SHIB tokens, worth around $26.6 million. Large Transactions Soaring This isn’t a one-off event. In the past seven days, whales have moved a…
