In August, the volume of Ethereum futures traded on the Chicago Mercantile Exchange (CME) hit a multi-month low. Based on the data dashboard provided by The Block, the total monthly trading volume of CME Ethereum futures in August was $20.8 billion. From $30.5 billion in July, the expected dollar trading
The global crypto market, in the past few weeks, has remained bearish despite persistent investor expectations for bullish turns. This struggle for price revival has been reflected in cryptocurrency’s different sectors. Notably, AI-related crypto tokens have factored in the market slump in their own prices. Moreover, leading cryptocurrencies such as
The cryptocurrency market remains in a bearish phase, with the total market capitalization dropping by 4.33%, while trading volume has risen by 17%, reflecting increased activity despite the downturn. Bitcoin, the largest cryptocurrency by market cap, fell by 4.66%, leading a broader decline in altcoins. Ethereum dropped by 6%, hitting
Vitalik Buterin, co-founder of Ethereum, thinks that with the help of AI and prediction market technologies, the social media platform X can speed up the generation of Community Notes. Users may provide more context to postings that might be misleading by using the Community Notes, which is an X feature.
Solana’s meme coin market has taken a sharp decline, with a 21.7% drop over the past week. The downturn comes as the popular token launchpad, Pump.fun, witnessed a drastic drop in user activity and new token creation. Recently, Pump.fun has created 5,388 new tokens on Solana, as per Dune Analytics.
The cryptocurrency market continues to languish in a prolonged bearish phase, with major cryptocurrencies hitting new lows and altcoins suffering double-digit declines over the past week. The global market capitalisation currently stands at $2.02 trillion, reflecting a 1.39% decline, while trading volume has surged by 68% in the past 24
The price of XRP dropped amid Ripple releasing 1 billion tokens from escrow. By implementing a strategy to manage the token supply over the long term, this measure seeks to increase market transparency and predictability. The market’s rapid reaction made investors understandably apprehensive, notwithstanding this objective. On September 1st, Ripple
Recent on-chain data has shown a concerning pattern involving a whale investment in Solana (SOL). Some have speculated that the anonymous investor may have been involved in a dump. After being caught unstaking and withdrawing a significant amount of SOL. In a post on X, the on-chain data analytics tool
The founder of the Cardano blockchain, Charles Hoskinson, has declared his intention to establish a decentralized social media platform in Brazil. X, formerly known as Twitter, and the country’s judicial system are increasingly at odds, prompting this action. The X platform was recently prohibited in Brazil as a result of
The crypto market has been wading in the market dip. Several tokens hit new lows reflecting the intensity of the bearish phase. Among all altcoins, meme coins experienced a considerable downfall in August. The leading cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) are struggling to maintain their price at a moderate
