Shiba Inu has experienced substantial withdrawals from cryptocurrency exchanges, with 705.9 billion tokens worth over $16.5 million moved out within just 24 hours. This activity, recorded by on-chain analytics firm Arkham Intelligence, aligns with a budding price rebound for Shiba Inu amidst a broader market upswing. Detailed Shiba Inu Whale
The data researchers at CryptoQuant have said that the Dencun upgrade has rendered ether inflationary once again, which might lead to the loss of its characteristic as “ultra-sound” money. Since the Merge, when Ethereum switched from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism, the amount of ether burned
The onset of 2024 brought with it the hype of an impending bull run, embracing a diverse range of participants including new explorers, established institutions, and investors. Events starting from the debut of spot Bitcoin ETFs in the US, BTC’s new ATH at $73K, Ethereum’s Dencun, memecoin frenzy, and Bitcoin
Securities and Exchange Commission (SEC) Chairman Gary Gensler’s recent remarks regarding the classification of Ethereum have sparked a flurry of responses within the crypto community. While Gensler refrained from directly addressing whether Ethereum should be classified as a security or a commodity, he commented on investor protection and regulatory concerns.
The US Securities and Exchange Commission (SEC) has announced a further delay in its decision-making process regarding the proposed Invesco Galaxy Ethereum exchange-traded fund (ETF). In a recent filing, the SEC extended the deadline for its decision to July 5, 2024, citing the need for additional time to evaluate the
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In a remarkable resurgence, Shiba Inu (SHIB), the famed meme coin, has recovered from recent losses and soared by 17% in the past seven days, currently trading at $0.00002524. This resurgence comes on the heels of significant growth within the Shiba Inu ecosystem during the first quarter of 2024, with
Crypto investors are always on the lookout for cryptocurrencies with the highest chance of raking in massive yields. Through the help of expert analysis, they can better predict which coin to go for to win big in 2024. Expert predictions point to three top altcoins– Polygon (MATIC), Dogecoin (DOGE), and
In light of the recent uptick in activity on the dYdX decentralized crypto exchange (DEX), the community has decided to stake 20 million DYDX tokens in an effort to beef up security. Staking tokens from the community treasury, which are now worth over $61 million at current prices, using the
Since the introduction of spot exchange-traded funds (ETFs) in the U.S, approximately $10 billion worth of Bitcoin has deserted cryptocurrency exchanges. Glassnode, an on-chain monitoring company, reports that exchanges have witnessed outflows of more than 136,000 BTC since January 11th. Due to large withdrawals from exchanges this quarter, the supply
