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Altcoins linked to security-focused cryptocurrency wallets soared more than 43% in one day, outpacing the broader cryptocurrency market. Safe (SAFE) is a smart contract wallet that runs on multiple blockchains. The project’s native token, SAFE, is trading at $1.36 at the time of writing, up from around $0.95 on Wednesday. The crypto asset, which ranks 124th by market capitalization, is also up nearly 55% in the past week and more than 74% in the past month. In comparison, the overall market capitalization of cryptocurrencies has increased by 1% in the past day, according to CoinGecko. Danilo Pereira, product marketer at…
recent On-chain data That Bitcoin may be entering two separate important phases in the current market cycle, which could help determine the next trajectory of crypto asset prices in the coming weeks. was shown. Stages of Bitcoin accumulation and distribution are identified Bitcoin capital flows on the blockchain reveal areas of accumulation and distribution, providing insight into investor behavior. reported Alpharactal, an advanced investment data platform, said this in a recent post on the X (formerly Twitter) platform. It is worth noting that during the accumulation phase, whales and long-term investors tend to increase their Bitcoin holdings. This is characterized…
The Satoshi-era Bitcoin whales, which have held cryptocurrencies since 2009, began mining their flagship cryptocurrency just five days after the first block was created and then began selling off their holdings. Blockchain analytics firm Arkham Intelligence has been tracking investor activity starting with a series of trades on American cryptocurrency exchange Kraken two months ago, and has recently seen the whale acquire a total of $10.52 million worth of BTC. announced that it had been sold. Despite this, the whale still has $71.7 million worth of Bitcoin in its wallet, suggesting further selling pressure may be on the way. 𝗨𝗣𝗗𝗔𝗧𝗘:…
Solana, the third most popular blockchain, has been underperforming in recent weeks due to AI meme coins, a new niche of cryptocurrencies that fuse artificial intelligence and cryptocurrencies derived from internet jokes. This run pushed Sol, the native token of the Solana blockchain on which many meme coins are built, above $175 for the first time in two months. Solana's gains have outpaced those of the biggest cryptocurrencies this week, as the broader crypto market remains strong following early October lows. Sol has outperformed Bitcoin, Ethereum, XRP, and others in the CoinDesk 20 index. Over the past seven days, Solana…
Increased net flows and leverage into Ethereum derivatives indicate potential volatility and market risk. Despite recent price challenges, retail interest in Ethereum remains high, with active addresses reaching new highs. Ethereum [ETH] It has faced difficulties in recent weeks, struggling to regain highs above $3,000. The cryptocurrency has been trading below this level ever since, dropping by 5.8% over the past week. At the time of writing, Ethereum was trading at $2,478, down 2.7% in the past 24 hours. This price performance has caused mixed reactions within the Ethereum community, with analysts offering different outlooks on this price performance. Short-term…
In a major move towards blockchain innovation and interoperability, Cardano announced the following: new partnership It uses BitcoinOS (BOS), the smart contract operating system for Bitcoin, the world's first and largest cryptocurrency. The new partnership aims to unlock trillions of dollars of liquidity in Bitcoin. ada investor And it creates new opportunities for cross-chain functionality in Web3. Cardano announces partnership with BitcoinOS officially blog post Thursday, October 24th Emurgothe founder of the Cardano blockchain revealed that it will work with BitcoinOS to bridge Bitcoin’s huge liquidity$1.3 trillion worth of funds were introduced into Cardano's decentralized finance (DeFi) ecosystem. This means…
Liquid staking protocol Lido launches The Community Staking Module (CSM) was launched on the Ethereum (ETH) mainnet on October 25th. CSM allows every user who stakes ETH to become a sole validator.CSM aims to reduce barriers to Ethereum staking by allowing individuals to operate Ethereum validators without much technical know-how and with an Ether deposit requirement of less than 32 ETH. However, CSM is currently in an “early adoption” phase, with only selected community stakeholders allowed to participate, and a fully permissionless phase expected to begin soon.Approving the parameters for the mainnet release was voted in favor by 109 Lido…
Ethereum Layer 2 Solution Optimism is among the top 10 fastest growing ecosystems. Solana, BNB Chain, and Polkadot also show notable development activity. This overall growth trend is a strong indicator of the future of the cryptocurrency industry. Ethereum Layer 2 Solution Optimism is among the top 10 growing ecosystems. According to Santiment data, Solana, BNB chain and Polkadot also recorded significant growth. This positive trend is a strong indicator of the future of the industry. Optimism leads the pack with a significant increase in development activity of 45.6%. Closely followed are Avalanche and Arbitrum, which also showed strong growth…
According to the Wall Street Journal, Tether is facing criminal investigation and U.S. sanctions.The company's CEO criticized the report on social media on Friday.Tether CEO Paolo Ardoino took to social media to deny reports that the company is facing criminal investigation over allegations that its cryptocurrency is popular with drug traffickers and terrorists.”As we said, [Wall Street Journal] “There is no indication that Tether is under investigation,” he wrote on Friday afternoon. “WSJ is regurgitating old noise. Full stop.”Federal prosecutors in Manhattan are investigating the use of stablecoins bearing Tether's name to finance drug trafficking, terrorism and hacking. wall street…
Bitcoin Bullish Michael Saylor plans to leverage his company's treasury investment strategy to help Microsoft raise $1 trillion, following information that Microsoft shareholders plan to consider proposals related to top cryptocurrencies. Offered to help earn money.The billionaire founder of software company MicroStrategy made the proposal in a letter to Microsoft CEO Satya Nadella (also known as X) on Twitter on Friday. This tweet came after the news fell On Thursday, Microsoft shareholders are scheduled to vote on a proposal that would allow the tech giant to invest in Bitcoin as a financial reserve asset. Microsoft's board called on shareholders to…