TLDR: Vitalik Buterin sold 950 ETH worth $2.28 million in recent weeks Buterin explained the sale was triggered by an automatic order set on August 29 Starting in 2025, Buterin will only publicly mention Layer 2 solutions at “Stage 1” development or higher Several ZK rollup teams aim to reach Stage 1 by end of …
Continue reading “Ethereum Co-Founder Sets New Standards for L2 Project Recognition”
TLDR: Spot Bitcoin ETFs in the US saw net outflows of $43.97 million on September 11, ending a two-day streak of positive flows ARK 21Shares’ ARKB had the largest outflows at $54 million Fidelity’s FBTC led inflows with $12.6 million Spot Ethereum ETFs also saw net outflows of $542,870 Trading volumes increased for both Bitcoin …
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Owners’ Equivalent Rent (OER), which makes up about 27% of the Consumer Price Index (CPI), increased by 0.49% in August 2024, the most significant rise since January. This pushed the year-over-year figure to 5.37%. This marked the first uptick in OER since its peak of 8.13% in April 2023. However, Jim Bianco from Bianco Research …
Continue reading “US housing demand shoots up as population grows, influencing core inflation”
A wallet linked to the bankrupt FTX exchange recently unstaked 177,693 SOL tokens, valued at $23.75 million, from Solana, according to on-chain data. Typically, tokens are sent to exchanges to be sold after unstaking. However, as of press time, FTX has yet to move its unstaked Solana holdings. Nevertheless, the transaction raised concerns that FTX …
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On September 11, Bitcoin ETFs experienced notable outflows, with total flows amounting to a net negative of $43.9 million. Ark’s ARKB ETF recorded the most significant single movement, with outflows of $54 million. Fidelity’s FBTC ETF saw inflows of $12.6 million, partially offsetting the losses. Invesco’s BTCO ETF added $2.6 million, while Grayscale’s GBTC and …
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Samson Mow, CEO of JAN3, recently doubled down on his earlier prediction about bitcoin reaching $1 million this year. In an interview, Mow stated that the market was wrong, and that bitcoin was “massively undervalued” at current prices. “There is so little bitcoin out there you can’t even double your holdings as a large entity …
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Memebet Casino ($Memebet) is building a new crypto casino that lets users wager meme coins. The project has just launched a token presale and raised $150K in its opening minutes. It will host a suite of gaming options, including sportsbook events and casino games, and it will support leading meme coins like Dogecoin, Shiba Inu, …
Three former servicemen in India have lodged a complaint with the Chandannagar police, Pune, accusing eight officials from a trading firm of defrauding them of over Rs. 79.81 lakh (approximately $96,000) through a cryptocurrency scam since 2022. The ex-servicemen had invested their retirement savings in cryptocurrency, lured by promises of doubling their investment within 20 …
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Cryptocurrency analyst Kevin Svenson is turning bullish on Bitcoin (BTC) as the flagship trades at over 20% below the all-time high reached in March. Svenson tells his 79,200 YouTube subscribers in a new video that Bitcoin is “likely just a couple of months away from a new all-time high.” According to the analyst, the correction …
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you don’t …
Continue reading “US elections led to Bitcoin rallies regardless of winning party”
The Commodity Futures Trading Commission (CFTC) has joined forces with federal and private organizations to combat the surge in crypto scams known as “pig butchering,” according to a Sept. 11 press release. According to the agency, these scams have led to billions in losses due to the lack of awareness and understanding. The regulator’s campaign aims …
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Adam Hamilton, the founder of Zeal Intelligence, a financial consulting company, predicts that gold prices will rise as American investors turn to gold, fleeing from traditional stocks and the burst of the artificial intelligence (AI) bubble. Hamilton explained that gold experienced this price upswing without this main demand factor, stressing that it was a very …
India, Nigeria, and Indonesia top Chainalysis’ latest global crypto adoption index, which ranks 151 countries based on grassroots cryptocurrency usage, adjusted for population and purchasing power. The report notes strong growth in crypto activity, particularly in lower-income nations. Chainalysis Highlights Global Cryptocurrency Adoption Blockchain data analytics firm Chainalysis published an excerpt from its 2024 Geography …
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The UK Ministry of Justice has introduced the Property (Digital Assets etc) Bill to recognize bitcoin and other digital assets as personal property under English and Welsh law. Led by Justice Minister Heidi Alexander, this bill addresses legal uncertainties around digital assets, ensuring better protection for owners in fraud cases and disputes. It also positions …
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Bitfinex’s analysts anticipate a potential shift in cryptocurrency market dynamics. With bitcoin’s dominance decreasing and altcoins showing resilience, they suggested that altcoins could outperform bitcoin in the coming months, especially if macroeconomic conditions improve. They discussed altcoin market capitalization growth, bitcoin’s declining dominance, and speculative exhaustion in altcoins as key indicators of this trend. Analysts …
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