Coatue Management, a technology investment business based in the U.S, has written down its investment in the OpenSea NFT marketplace by 90%. Documents seen by The Information on November 7 revealed that Coatue had decreased its investment from $120 million to $13 million, suggesting that OpenSea’s on-paper worth had plummeted
November 8, 2023 1 min read
Due to increased competition for available block space, Bitcoin transaction fees are at their peak level in almost six months. BitInfoCharts reports that as of November 7th, the average BTC transaction cost was close to $6. This week, on-chain transactions have seen significantly increased costs due to the resurgence of
November 7, 2023 2 mins read
When comparing the blockchains with the highest total value locked (TVL) in DeFi, Ethereum, the leading altcoin and smart contract platform, had its TVL drop by 0.25%, to $24.05 billion, but it still leads the pack. Moreover, according to CoinShares’ most recent weekly report, $767 million has flowed into digital
November 7, 2023 2 mins read
As of Monday morning, there were almost 400 unique GROK tokens in circulation, with a total market value in the tens of millions of dollars. This allowed early investors to invest in multiples of their first token purchases. Several blockchains make it possible for anybody to make a call to
November 6, 2023 1 min read
Defunct crypto exchange FTX has submitted a petition to the Delaware bankruptcy court for the liquidation of trust assets held by Grayscale and Bitwise estimated to be worth $744 million. Statements from FTX and its debtors indicate that they expect this approach to facilitate preparation for payments to creditors in
November 6, 2023 2 mins read
Solana (SOL) is retaining its increasing pace as it surpasses Polygon (MATIC) in daily decentralized exchange (DEX) volume. According to recent statistics compiled by blockchain analytics platform Artemis, Solana now outpaces Polygon in terms of both daily transactions and total DEX volume. Compared to Polygon’s $137.4 million, Solana’s DEX volume
November 4, 2023 1 min read
NFT trade volume increased by $99 million in October compared to the previous month, according to a research issued by crypto analytics company DappRadar, suggesting that the NFT market is bouncing back. However, there has been significant reductions in staff at renowned NFT marketplace OpenSea as announced on Friday. According
November 4, 2023 1 min read
In the most recent CCData Crypto Exchange Benchmark Report, Bybit—the third-most visited cryptocurrency exchange globally—has received an ‘AA’ grade. As the only centralized exchange to get a “AA” in both categories, Bybit received the highest grades in both spot and derivatives trading. A vital instrument for evaluating the effectiveness and risk management
November 3, 2023 1 min read
Bitcoin’s (BTC) price nearly hit $36,000 for a short period of time recently, injecting fresh optimism into the cryptocurrency market as a whole. The US Federal Reserve’s decision may be a contributing cause to the recent uptick. The decision by the United States Fed to postpone interest rate rises may
November 2, 2023 2 mins read
Vitalik Buterin, co-founder of Ethereum, recently sent 100 ETH to Coinbase, according to the on-chain analytics platform Spot on Chain. Buterin continues sending Ethereum to Coinbase as this is not the first transfer so far this year. 🚨 @VitalikButerin deposited 100 $ETH ($181K) to #Coinbase ~2hrs ago. Notably, since Sep
November 1, 2023 2 mins read
