Ethereum Holders Pull Back Supply as BitMine Nears 5% Target
TLDR
Ethereum exchange supply has fallen 73% from its June 2020 peak, dropping to 6.06 million ETH.
More ETH is moving into staking, ETFs, corporate treasuries, and long-term custody.
BitMine now holds 5.96 million ETH, equal…
Where Is Dogecoin Headed Next?
Whales now control around 12% of Dogecoin's circulating supply.
The OG meme coin has performed poorly over the past seven days, with its valuation down 9% and currently…
XRP price drops 10% as $40M gets liquidated – Is a rebound next?
One thing stands out in the recent market setback caused by the CLARITY Act news.
While the overall market environment saw a significant breakdown with high-cap assets rejecting crucial support levels, XRP was one of the hardest-hit…
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Researchers at the Bank for International Settlements found that estimates of Bitcoin onchain transfer values can vary by as much as sixfold depending on how transactions are measured.The finding concerns onchain Bitcoin transfer values,…
Bitcoin Drops to $75.6K on CLARITY Act Uncertainty and a Fresh Bond-Yield Surge
Bitcoin (BTC) saw month-to-date lows at Tuesday’s Wall Street open as global bond yields spiked and crypto markets awaited a key US Senate vote on the CLARITY Act.Key points:Bitcoin dropped to $75,560, its lowest level so far in September…
Bitmine Stakes 5M ETH as Treasury Holdings Reach $15.8B
Bitmine Immersion Technologies added to its Ether holdings last week while projecting hundreds of millions of dollars in annual staking revenue, highlighting how its massive ETH treasury could generate income even during volatile market…
Banks reject U.S. Treasury Secretary Bessent’s CLARITY Act ‘circuit breaker’ – Why?
The latest revised crypto market structure bill, the CLARITY Act, is facing a series of headwinds ahead of today’s cloture vote.
Despite Republicans’ ethics provisions and U.S. Treasury Secretary Scott Bessent’s proposed ‘circuit…
Kraken Lets xStocks Holders Earn Yield Through DeFi
Crypto exchange Kraken has launched onchain yield vaults for select tokenized stocks and ETFs, allowing clients to earn returns by lending the assets through decentralized finance protocols, according to a Monday announcement.The new…
Balancer Proposes Wind-Down After Revenue Falls Short
Balancer, a decentralized exchange and automated market maker, has proposed winding down the protocol after its post-exploit restructuring failed to generate enough revenue, with its leader saying he underestimated how much a $128 million…