Surge in Korean Won Trading The South Korean won has become the leading currency for cryptocurrency trading worldwide in the first quarter of 2024. According to Kaiko, the total trading volume in Korean won reached $456 billion, surpassing the $445 billion traded in US dollars. This surge is attributed to the growing demand for “risky…
Overview The Stacks L2 network, which allows for the creation of decentralized apps and smart contracts on the Bitcoin blockchain, is preparing for a major upgrade called Nakamoto. This upgrade is expected to significantly improve the speed and security of the Stacks ecosystem. Key Features of the Nakamoto Upgrade Fast Block Production: The upgrade will…
A recent study by KPMG has revealed that crypto investors in Germany, Austria, and Switzerland are pouring significant portions of their portfolios into digital assets. Key Findings On average, respondents allocated over 25% of their total assets to crypto. 54% invested at least 20% of their assets in crypto. 34% considered crypto investments “rather safe,”…
A prominent crypto analyst, known as The Flow Horse, has shared his current crypto holdings following last week’s altcoin crash. Portfolio Contents The Flow Horse’s portfolio includes: Bitcoin (BTC) Solana (SOL) Ethereum (ETH) Dogwifhat (WIF) Various AI and real-world asset tokenization crypto assets Solana Over Ethereum The trader emphasized his preference for Solana over Ethereum…
Tether CEO Paolo Ardoino has teased the launch of a groundbreaking non-custodial tokenization platform. Features of the Platform Non-custodial: Users maintain full control over their assets. Multi-chain: Supports multiple blockchain networks. Multi-asset: Tokenizes various assets, including bonds, stocks, and even coffee shop reward points. Customizable: Allows users to tailor tokenization to their specific needs. White…
Crypto analyst Loma believes that BNB, the native asset of the BNB Chain, is poised for growth. Technical Strength Loma notes that BNB is showing positive signs from both a technical and fundamental perspective. The coin has been trading with strong funding rates, indicating that whales are hedging against spot holdings for fee reductions. Regulatory…
Bitcoin Correction on the Horizon Crypto expert Cold Blooded Shiller warns that Bitcoin may be heading for a significant correction of up to 30%. Despite recent strength, the market’s volatility suggests a potential pullback. Historical Precedents Shiller notes that 30% pullbacks are common for Bitcoin historically. If this trend repeats, the price could drop to…
Losses Outpace Profits Bitcoin investors are facing a bumpy ride as the digital currency’s value fluctuates. Data shows that investors are currently losing more money than they’re making. This is a significant shift from the recent past, where profits dominated. Rollercoaster Ride Bitcoin’s price has been on a rollercoaster over the past 24 hours. It…
Miners’ Influence on Price In the early days of Bitcoin, miners had a significant impact on its price. However, as the market has matured, miners’ influence has waned. This is due to increased diversification of Bitcoin holders and the growth of sophisticated financial instruments. Halvings and Monetary Policy Bitcoin halvings occur during key economic turning…
Despite the recent market downturn, Bitcoin whales have remained calm and held onto their coins. Whales Accumulating since March On-chain data from Santiment shows that large BTC holders (whales) have been accumulating since March 1st. The “Supply Distribution” indicator reveals that the following cohorts have increased their holdings: Sharks (100-1,000 BTC): 43,489 BTC ($2.72 billion)…
