Hype Among Investors Surges As Bitcoin breaks above $52,000, social media has been buzzing with traders calling for a new all-time high (ATH). Data from Santiment shows a spike in “Social Volume,” indicating increased discussion around the topic. Social Media Hype and Market Peaks Historically, excessive hype in the market has been associated with negative…
EIA Demands Sensitive Data The Energy Information Administration (EIA) has reportedly sent letters to Bitcoin miners in the United States, demanding sensitive data within ten days. Failure to comply could result in fines of over $10,000 per day. Government Concerns The EIA’s request stems from concerns about the environmental impact of Bitcoin mining. The government…
Institutional Buying Fuels Coinbase Premium Data from Quant CEO Ki Young Ju reveals that institutional brokers are actively purchasing Bitcoin on Coinbase. The Coinbase Premium Index, which measures the price difference between Bitcoin on Coinbase and other exchanges, has been positive in recent weeks. This indicates higher buying pressure from US-based institutions. US Institutions Drive…
Bullish Momentum: Staking and ETF Surge Ethereum (ETH) is on the rise, edging closer to the $3,000 mark. Several factors are driving this bullish sentiment: ETH Staking Popularity: More investors are locking their ETH into staking contracts, reducing the available supply and creating upward price pressure. ETF Potential: The possible approval of an Ethereum Exchange-Traded…
Ethereum Developers Blocking Updates A developer named Foobar says that Ethereum developers aren’t making important improvements to the network. This has led projects, including meme coin issuers, to move to other platforms. Missing Features and High Fees Foobar says that Ethereum hasn’t had any major updates because core developers are blocking them. This includes features…
Key Resistance Level Crypto analysts Jan Happel and Yann Allemann of Glassnode believe Bitcoin (BTC) is on the verge of breaking through a crucial resistance level of $52,000. This could trigger a significant upward move. Fear of Missing Out (FOMO) If Bitcoin crosses $52,000 convincingly, traders may experience FOMO and fuel a continuation of the…
Token Distribution Starknet, an Ethereum layer-2 scaling project, is set to distribute over 700 million STRK tokens to nearly 1.3 million addresses starting February 20th. Eligible individuals and groups will have four months to claim their tokens. Unclaimed STRK will be distributed in future rounds. Token Allocation The tokens will be allocated to community members…
Orbs, a layer three blockchain, has partnered with SYMMIO, an OTC derivatives platform, to enhance on-chain derivatives trading. Efficient Capital Deployment Orbs’ liquidity hub, which operates above AMMs, has seen high demand. The partnership with SYMMIO aims to provide similar capabilities for derivatives traders, enabling them to use their capital more efficiently. On-Chain Derivatives Use…
Economist Alex Krüger believes Solana (SOL) is undervalued compared to Ethereum (ETH). In a recent interview, he highlighted the bustling ecosystem and potential of SOL. Ecosystem Activity According to Krüger, Solana’s ecosystem is more active than ETH’s. He points to the high trading volume of memecoins on SOL, which indicates retail interest. This contrasts with…
Inflows Surge Bitcoin spot exchange-traded funds (ETFs) have seen a significant increase in inflows over the past four days, outpacing the initial weeks of their introduction. According to Apollo’s co-founder, Thomas Fahrer, the ETFs have experienced a “total acceleration” of inflows, with 43,000 BTC tokens (worth $2.3 billion) flowing in. Leading Firms Grayscale remains the…
