An analyst, Darkfost from CryptoQuant, has shared that at a time when crypto sell-offs boost, the inflows of stablecoin to exchanges have double-folded to $98 billion from the last levels. The increase of stablecoin inflows has crossed the 90-day average of $89 billion. The analyst further notes in the blog
Binance and Bybit have been said to have frozen withdrawals as a crypto sell-off continues to worsen in the marketplace. This freezing of withdrawals seems to have occurred as a result of a sell-off among the crypto assets in the marketplace. The recent sell-off appears to have influenced the decision
Metaplanet is a Bitcoin vault company based in Japan. And it was reported that they were committing themselves to buying even more Bitcoins despite the latest dips in price. In fact, the value of Bitcoin went down to around $60,000 in the past before it went back up to some
Eleven major U.S. public pension funds are now reporting substantial unrealized losses on microcap Strategy shares linked to Bitcoin. Their combined holdings of almost 1.8 million Strategy shares are currently worth $240 million. This is down from $577 million, which indicates a substantial drawdown. Market information reveals that this represents
Bitcoin price action saw a significant change as the Coinbase Premium Gap, an important metric of institutional demand, dropped to one of its lowest points this year, as highlighted by recent analysis from CryptoQuant. The Premium Gap measures the difference in price between Bitcoin transactions on Coinbase Pro, which is
Bhutan has shifted millions worth of Bitcoin from its sovereign wallets this week amid a broader crypto downturn that has seen its overall crypto asset holdings decline by more than 70% from its peak level of $1.14 billion. On-Chain analytics platform Arkham reveals that Bhutan’s sovereign investment arm, Druk Holding
One of the world’s biggest crypto exchanges, Binance, has made additions to its Secure Asset Fund for Users (SAFU) by acquiring 1,315 BTC worth $100 million, according to Arkham data. This is the second acquisition of Bitcoin by Binance as part of its plan to turn up to $1 billion
Michael Saylor, executive chairman of MicroStrategy, has once again stepped into the spotlight to defend Bitcoin’s price volatility. In a recent market turmoil, Saylor said that volatility is “Satoshi’s gift,” which distinguishes long-term investors from short-term speculators. Saylor’s statements come at a time when the overall crypto market is facing
The officials of Franklin Templeton traced a vision for virtual wallet-based finance at the Ondo Summit in New York on Tuesday, forecasting an essential shift away from traditional account-based asset management. The Head of Innovation at Franklin Templeton, Sandy Kaul, mentioned that tokenised digital wallets will in the end hold
Bitcoin fell sharply on Tuesday, down roughly 3.1% over the past 24 hours to trade in the mid-$76,000s. The move pushed BTC toward the lower end of its daily range, with an intraday low of $76,661.05 and a high of $79,157.12. Market capitalization dropped to $1.53 trillion, down roughly 3.1%,
