Since the Trump Trade narrative ran its course in the crypto market, several digital assets, including Ethereum, have surged in value; however, while most coins have seen investors take profits, the same cannot be said for ETH.
According to a CryptoQuant report by pseudonymous analyst Onatt, retail ETH investors appear to be holding their positions instead of taking profits, suggesting that many traders still see the cryptocurrency as undervalued.
Retail ETH Investors Not Selling
Ether was worth $3,100 at press time, with a 24-hour slight increase of 0.2% and a seven-day plunge of 2.7%. The cryptocurrency has done well monthly, recording a 17.76% rally. Despite its 38% surge year-to-date, investors have remained persistent in holding their positions.
The evidence that
Articles by Mandy Williams
Arthur Hayes Explains How Bitcoin’s Price Could Soar to $1M
11 days agoBitcoin (BTC) has been on a bullish price movement for over a week, fueled by Donald Trump’s presidential election victory. The leading cryptocurrency has unlocked multiple all-time highs (ATHs), tapping $90,000 earlier today.
Arthur Hayes, the co-founder of the BitMEX crypto exchange, believes that the crypto asset could attain a price height of $1 million if Trump’s administration adopted the Chinese government’s economic development model.
Trump’s Tenure to Boost the Economy
In his latest article titled “Black or White?” Hayes highlighted how Trump’s latest tenure as the United States’ 47th president could embrace China’s economic development model.
Calling it the “American Capitalism with Chinese Characteristics,” the BitMEX co-founder enlisted various adjustments he
Bitcoin Shows Strong Fundamentals, Follows Patterns Seen in Previous Elections: CryptoQuant
14 days agoAlthough crypto investors are still on the sidelines due to the just-concluded United States presidential elections, CryptoQuant analysts say Bitcoin is showing strong fundamentals and follows a bullish pattern seen in previous U.S. elections.
According to a weekly report, one positive fundamental from a valuation perspective is that BTC is currently fairly valued and not overvalued. This means that a positive catalyst stemming from the elections could trigger a major rally in the asset’s price.
Bitcoin’s Fundamentals Are Strong
Following the last three U.S. presidential elections in 2012, 2016, and 2020, BTC surged 22%, 37%, and 98% from the election days to the end of each year. So far, in 2024, BTC has recorded a similar performance. The crypto asset has already
CRO Explodes by Double Digits as Crypto.com CEO Reveals 2025 Roadmap
17 days agoCronos (CRO), the native token of a blockchain developed and run by the cryptocurrency exchange Crypto.com, has recorded double-digit gains following the unveiling of the 2025 roadmap for the leading digital asset trading platform.
According to data from CoinMarketCap, CRO surged 31.9% from $0.072 to $0.095 a few hours after Crypto.com’s CEO Kris Marszalek revealed the roadmap. Although the coin had fallen slightly to $0.085 at the time of writing, it was still up 19% daily.
Crypto.com Unveils 2025 Roadmap
Crypto.com’s roadmap for next year shows the exchange is expanding its crypto offerings, adding stocks, banking, and card services.
In late August, the platform partnered with the multinational financial services giant Standard Chartered to offer banking and payment
10 Promises Donald Trump Has Made Regarding Bitcoin and Crypto
18 days agoThroughout his election campaign, the new United States President, Donald Trump, remained vocal about his pro-crypto stance and made several promises regarding the development of the nascent industry.
CryptoPotato has compiled a list of Trump’s declared promises, including pledges geared towards fostering innovation in the United States and continuing growth of the digital asset industry.
Trump’s Promises Regarding Crypto
Trump said he would commute the prison sentence of Ross Ulbricht, the 39-year-old founder of the illegal online marketplace Silk Road. U.S. authorities arrested Ulbricht in 2013 on charges of drug trafficking, money laundering, and computer hacking. The convict landed five sentences, including two for life, and is serving his 12th year in jail.
With Trump
Bitcoin Mining Becomes More Competitive as Hashrate Reaches New ATH: CryptoQuant
19 days agoWith BTC’s value nearing its all-time high of $73,700 a few days ago, Bitcoiners seemed poised to see a new price high for their favorite crypto asset.
Even Bitcoin miners are not left out in the anticipation. A CryptoQuant report confirms that the network’s mining difficulty and hash rate have unlocked new heights. This record shows that more mining machines have joined the bandwagon, sparking competition in the ecosystem.
Bitcoin Mining Competition on the Rise
Bitcoin adopts a proof-of-work (PoW) consensus mechanism tied to mining activities to add transactions to the blockchain. The mining difficulty and hash rate are vital in ensuring the network’s stability while new BTC is produced.
When more miners commence Bitcoin mining operations or existing facilities boost
Here’s How Bitcoin Over-the-counter Availability Can Affect BTC Price (CryptoQuant)
22 days agoBitcoin (BTC) is experiencing a positive momentum that has pushed it very close to its all-time high of $73,750. The leading crypto asset came a couple of hundred dollars away from crushing that milestone on October 29. However, it recorded a small correction, and is currently trading at $72,200.
While crypto enthusiasts anticipate a new high in the coming days, CryptoQuant analysts have explained the role bitcoin over-the-counter (OTC) availability could play in the asset’s price trajectory in the near term.
Bitcoin Rallies on ETF Demand
According to the CryptoQuant report, bitcoin’s rally is driven by growing net purchases from United States spot exchange-traded funds (ETFs).
These purchases have increased from a daily volume of 1,300 BTC at the start of the month to
Aave Sees $200M Weekly Increase in cbBTC Inflows, But There’s a Catch
23 days agoThe Ethereum-based cryptocurrency lending protocol Aave is witnessing a rapid increase in Coinbase Wrapped Bitcoin (cbBTC) flows into its platform due to a new incentives program involving the asset.
While this reflects growing liquidity and rising adoption of the wrapped Bitcoin product on Aave, the market analytics platform IntoTheBlock says it poses a risk to users. According to an IntoTheBlock tweet, users may be temporarily unable to repay their loans on Aave if the situation goes sideways.
cbBTC Increases $200M Weekly on Aave
Earlier this year, Aave launched Merit, a system designed to reward users participating in activities on the platform. Some actions that can earn them incentives from the program include holding stkGHO, the staked version of Aave’s algorithmic
Retail Bitcoin Investors Are Lagging: Here’s What it Means According to CryptoQuant
29 days agoWhile bitcoin demand among large investors is picking up as time passes, smaller market players are lagging.
According to a CryptoQuant report, the holdings of retail bitcoin investors are growing at a historically slow pace, even as this cohort of players gradually returns to the market amid BTC’s ascent to the $70,000 level.
Retail Investor Holdings Slowly Growing
In the past 30 days, retail bitcoin holdings have increased by just 1,000 BTC. The total assets by this group of market participants have also risen by 18,000 BTC since July 3, when it recorded a local bottom. At the time of writing, retail investors held 1.753 million BTC, slightly lower than the 1.765 million record at the end of 2023.
Since May 2023, when retail holdings grew by 27,000, the balances of these
Here’s How Ethereum’s Scourge Upgrade Will Downsize Staking Censorship: Buterin
October 21, 2024Ethereum co-founder Vitalik Buterin has shared insights into Ethereum’s next upgrade on its technical roadmap – The Scourge.
It aims to fix issues involving centralization concerns in Ethereum’s staking and block production. Buterin has proposed several fixes to these shortcomings the layer-1 blockchain faces.
Ethereum’s Scourge to Reduce PoS Centralization
Following Ethereum’s Merge upgrade in late 2022, the smart contract blockchain transitioned from a proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) model. This allowed ETH holders to stake their holdings for additional rewards, block production, and network security.
While this feature has profited the ecosystem, Buterin highlighted that staking centralization presents “one of the biggest risks” to the
US Authorities Arrest Man Responsible for Fake SEC Bitcoin ETF Approval Tweet
October 20, 2024The United States Federal Bureau of Investigation (FBI) has arrested an individual responsible for posting a fake tweet announcing the Securities and Exchange Commission’s (SEC) approval of spot Bitcoin exchange-traded funds (ETFs) earlier this year.
According to a press release by the United States Attorney’s Office for the District of Columbia, authorities have charged the 25-year-old Eric Council with conspiracy to commit aggravated identity theft and access device fraud.
FBI Arrests Man Behind Fake SEC Tweet
While the crypto community heavily anticipated the SEC’s approval of the first U.S. spot Bitcoin ETFs on January 9, Council got hold of the agency’s X account and posted a fake announcement that the products had been approved for trading.
The news caused bitcoin’s
Will Bitcoin Repeat History? On-Chain Data Suggests a Q4 Breakout: CryptoQuant
October 19, 2024Historical data shows bitcoin (BTC) performing well in the fourth quarters of previous bull cycles, especially in halving years. Current on-chain data indicates that the leading cryptocurrency is following previous patterns and is on track to another remarkable Q4.
A report by the market analytics platform CryptoQuant revealed that bitcoin’s price rally in the coming weeks could be sustainable because demand for the asset is recovering and growing at the fastest monthly pace since April.
Bitcoin in Positive Seasonal Performance
During bitcoin’s seasonal performance in the halving years of 2012, 2016, and 2020, the cryptocurrency increased by 9%, 59%, and 171%, respectively, in their fourth quarters. CryptoQuant analysts found that BTC is behaving very similarly to patterns
USDT and USDC Account for 50% of Transaction Volume Among Crypto Assets: ITB
October 18, 2024The stablecoin market is growing, increasing liquidity and stabilizing the crypto space. This growth can be seen in the two largest stablecoins, Tether USD (USDT) and USD Coin (USDC), which are now responsible for a large portion of the crypto market’s transaction volume.
A tweet by the decentralized finance analysis platform IntoTheBlock revealed that USDT and USDC now represent roughly 50% of the total transaction volume among major cryptocurrencies. IntoTheBlock’s analysts said this growth highlights the crucial role of stablecoins in the crypto ecosystem.
Stablecoins Are Growing
Since the beginning of the year, stablecoins have achieved several milestones. In August, their total market capitalization hit a new all-time high of nearly $170 billion, reflecting the
Sui Debunks $400M Insider Trading Claims, Says Sales Are From Infrastructure Partner
October 15, 2024Sui Foundation, the non-profit organization behind the layer-1 blockchain and ecosystem, has debunked allegations of insiders selling $400 million worth of the network’s native token, SUI since the asset began its remarkable rally.
According to a tweet from the foundation, the wallet address involved in the sales likely belongs to an infrastructure partner, and the token releases align with Sui’s lockup schedule.
$400M SUI Insider Trading Allegations
On October 14, pseudonymous crypto trader and analyst Lightcrypto took to X to outline a “baffling” occurrence they had noticed in the last few weeks: the dramatic rally of SUI. Lightcrypto questioned the basis for the surge from a risk-reward perspective, insisting that the belief that SUI can follow in Solana’s (SOL)
Stablecoin Liquidity is Increasing, What Does This Mean? (CryptoQuant)
October 12, 2024Stablecoin dynamics are flashing positive, reaching record highs and boosting liquidity within the crypto market. As historical data shows, this is good news for bitcoin (BTC) and the entire crypto industry because more liquidity often correlates with higher prices.
A recent CryptoQuant report revealed that the total market capitalization of major USD-backed stablecoins now stands at $169 billion, representing a 31% or $40 billion increase since the beginning of the year. This growth caused liquidity in the crypto market, as measured by stablecoin value, to reach a record high in late September.
Stablecoin Liquidity is Increasing
The increasing liquidity can be seen in higher stablecoin balances on centralized exchanges. Tether USD (USDT), which continues to dominate the
These Are the Top Trending Cryptocurrencies by Social Media Mention Frequency (Santiment)
October 10, 2024The market intelligence platform Santiment has outlined a few crypto assets currently trending due to multiple mentions on social media. According to analysts at the firm, these include bitcoin (BTC), Chiliz (CHZ), and Nubcat (NUB).
Topics causing BTC, CHZ, and NUB to trend across social media revolve around trading activities, price fluctuations, upcoming airdrops, and controversies. Notably, market participants express both bullish and bearish sentiments toward them.
Controversies Surrounding Bitcoin
Santiment said BTC is the top trending cryptocurrency according to social media mention frequency. The cryptocurrency has been the subject of multiple predictions regarding future price movements, especially with notable macroeconomic factors currently at play.
The upcoming
TON Blockchain Reaches 100M Users Amid Ecosystem Growth
October 8, 2024The Open Network (TON), a layer-1 blockchain linked to the social platform Telegram, has attained a new milestone in its history.
According to data from a CryptoQuant analyst, the L1 blockchain reached 100 million unique wallet addresses with non-zero balances. This marks a 95% surge in active users since the start of the year, which was “only” 4.3 million.
What’s Behind TON’s Growth?
TON’s surge in active users stems from its ties with Telegram. Although the social messaging platform initially created the TON blockchain under the name Telegram Open Network, plans to integrate it into its ecosystem fell through, forcing the abandonment of the blockchain project. A new team of developers picked up from where it left off.
Telegram revived its interest in TON in September
Bitcoin Will Hit New ATH Only After This Changes: Santiment
September 30, 2024On September 27, bitcoin (BTC) reclaimed a trading price of $66,500 for the first time since late July. This surge was accompanied by bullish sentiments from many investors.
Instead of going higher, the leading crypto asset has tanked below $64,000 at press time. Blockchain market intelligence platform Santiment shares insight into a possible reason behind bitcoin’s failure to unlock higher prices.
What Could Drive Bitcoin’s New ATH?
The chart below shows the rapid surge in positive commentary towards BTC after the asset unlocked a local high of $66,500. Santiment’s research showed that there were 1.8 bullish BTC posts for every 1 bearish. Most of these bullish comments leaned on the possibility of bitcoin reaching the $70,000 price mark.
If you’re awaiting Bitcoin’s
Read More »Binance Aids Indian Authorities in Busting $47.6M Gaming Scam
September 29, 2024In one of the latest collaborations between public and private entities, the world’s largest cryptocurrency exchange, Binance, announced that it helped Indian authorities bust a purported legitimate online gaming app that defrauded users of more than Rs 400 crore ($47.6 million).
According to a blog post, the Binance Financial Intelligence Unit (FIU) provided critical aid that enabled India’s Enforcement Directorate (ED) to trace the funds siphoned by the operators of the gaming app Fiewin and uncover the network.
Binance Helps ED in Fraud Case
Fiewin operators marketed the app as a project that allows users to earn money by playing mini-games. Participants could create accounts and engage in the app’s activities by topping up their balances through various payment
Which Cryptocurrencies Have the Highest Number of Daily Active Addresses?
September 29, 2024An analysis by market intelligence platform IntoTheBlock has discovered the number of daily active addresses for major cryptocurrencies. This metric offers insights into the intensity of user activity on these networks.
According to data gathered by IntoTheBlock, these crypto assets include large-cap altcoins like Solana (SOL), meme coins like Dogecoin (DOGE), and the largest of the bunch Bitcoin (BTC).
Solana Tops the List
Atop the list is Solana, with a daily active address count of $3.04 million. Its network has been the subject of numerous discussions and trends this year, particularly the meme coin mania, which has led to an influx of more users. The blockchain has seen the launch of new protocols, like Pump.Fun, which has taken meme coin trading on the network to new
Spot Bitcoin ETF Options Could Attract Longer-Term Investors, But There’s a Catch: CryptoQuant
September 29, 2024The United States spot Bitcoin exchange-traded fund (ETF) market is seeing a new wave of trading alternatives, including the availability of options. This latest move could attract liquidity and longer-term investors to the Bitcoin ecosystem, but it has a downside.
According to a CryptoQuant report, the availability of options for spot Bitcoin ETFs could increase the paper supply of BTC, allowing investors to gain exposure to the leading digital asset without investing through the spot market.
The Approval of Spot ETF Options
CryptoQuant disclosed that the U.S. Securities and Exchange Commission (SEC) recently approved the listing and trading of asset manager BlackRock’s iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF in the market.
Options are financial
Reasons Behind Chainlink’s (LINK) Recent Price Breakout, Can it Go Higher?
September 26, 2024LINK, the native cryptocurrency of the Ethereum-based decentralized blockchain oracle network Chainlink, has witnessed a price breakout fueled by strong on-chain activity and increasing investor confidence.
An analysis by blockchain intelligence platform Santiment revealed that technical indicators for LINK suggest there is a potential for continued price gains and that the asset’s long-term outlook remains positive.
Positive Sentiment Around Chainlink
According to Santiment, the Chainlink community considers the network a pivotal player in the altcoin market due to its decentralized oracle technology. Community members view the project as one that could drive innovation in the blockchain space and bridge the gap between on-chain smart contracts and off-chain data sources.
Ethereum (ETH) Will Reclaim $3,000 If This Happens
September 25, 2024Ethereum (ETH), the second largest cryptocurrency, has failed to reclaim the $3,000 price mark since early August. However, things could begin looking positive for the asset once again.
An analyst from the blockchain analytics platform CryptoQuant has shared a chart explaining how a continued cash inflow into the Ethereum futures market could elevate the biggest altcoin.
Source: CryptoQuantFunding Rates to Drive ETH’s Price Rebound
According to the analyst, the perpetual futures market contributes to the price movement of underlying digital assets. More buy actions in the futures market indicate investors’ interest in the crypto asset, hence projecting its value to higher prices. Conversely, more sell actions are subsequently accompanied by a price decrease.
The chart
Sean ‘Diddy’ Combs Shares the Same Prison Cell With FTX’s Sam Bankman-Fried: Report
September 25, 2024Sources familiar with the living arrangements of the Metropolitan Detention Center (MDC) in Brooklyn have revealed interesting facts about two popular inmates. The recently arrested American rapper and celebrity Sean Combs, popularly known as Diddy, is in the same cell with Sam Bankman-Fried (SBF), the convicted founder of the bankrupt crypto exchange FTX.
According to a New York Times report, Combs and SBF live in the same unit with other high-profile inmates, including Mexico’s former secretary of public security, García Luna, and former president of Honduras, Juan Orlando Hernández.
Combs in Cell With SBF
SBF has been at the MDC since August 2023 after a judge revoked his bail after he attempted to tamper with witnesses. Earlier this year, he was sentenced to 25 years
Bitcoin Price to Keep Rising, According to These On-Chain Support Levels
September 24, 2024Bitcoin’s (BTC) price is currently on an upward momentum, and there is a chance the crypto asset could surge higher, according to on-chain data.
A report from the pseudonymous CryptoQuant analyst Avocado revealed that several on-chain support levels suggest a positive turning point for BTC in the long term, indicating that the cryptocurrency is still in its bull season.
Positive Outlook for Bitcoin
Avocado said these on-chain data points have reached their average support levels, and coupled with recent price movements, these metrics signal positive sentiment from a long-term standpoint.
One of the metrics is the seven-day Simple Moving Average (SMA) of Bitcoin’s Fund Flow Ratio, which suggests that BTC investors have begun to trade on exchanges again. The metric has
Consumers Prefer Cash Over CBDC: Deutsche Bank Survey
September 22, 2024While several central banks across the globe are actively exploring the feasibility of launching a Central Bank Digital Currency (CBDC), a recent survey has revealed that cash will not be going away anytime soon as a majority of consumers are not enthusiastic about using those products.
The survey, conducted by Deutsche Bank, Germany’s leading investment bank, polled 4,850 respondents from Europe, the United Kingdom, and the United States. A majority of the respondents stated that they prefer conventional payment methods like cash and debit or credit cards.
Cash Reigns Supreme
According to the study, 59% of the respondents believe cash will always be useful, with 44% stating that they would prefer using cash for payments rather than CBDCs. Only a small percentage of
This Is the Current State of the Wrapped Bitcoin Market: CryptoQuant
September 22, 2024The Wrapped Bitcoin market is seeing the emergence of new players, like Coinbase, the largest American crypto exchange. Analysts believe the market’s current condition presents an opportunity for higher user engagement, enhanced cross-chain liquidity, and significant growth in the coming years.
However, observations made in the latest CryptoQuant report suggest the race may not be smooth, and investors may be reluctant to use some tokens because of the mechanisms used by the custodians.
The Emergence of New Wrapped Bitcoin Tokens
Wrapped Bitcoin tokens enable holders to use other networks and decentralized finance (DeFi) applications that are not on the Bitcoin network without selling their BTC. They are backed 1:1 with BTC and are mostly found on Ethereum. The first of
Germany Shuts Down 47 Crypto Exchanges Over Money Laundering Activities
September 21, 2024German authorities have shut down 47 cryptocurrency exchanges operating in the country for allegedly facilitating large-scale money laundering operations for cybercriminals.
According to an official statement by the Frankfurt main prosecutor’s office, the German office for combating Internet crime, and the federal criminal police office, these exchanges deliberately allowed their users to bypass Know You Customer (KYC) policies.
The KYC policy is a verification process that requires platform users to submit their basic identification details. However, since these exchanges allowed users to complete transactions without this verification, they created a conducive environment for cyber criminals to launder the proceeds of their illegal activities with little to no risk of
Terraform Labs Secures Court Approval to Wind Down Operations
September 20, 2024Terraform Labs, the company behind TerraUSD (UST) and Luna, has secured court approval to wind down operations in bankruptcy after settling with the United States Securities and Exchange Commission (SEC).
According to a Reuters report, the wind-down plan was approved by US Bankruptcy Judge Brendan Shannon, who called it a “welcome alternative” to further litigation over investors’ losses. The approval marks the final step in Terraform’s bankruptcy proceedings.
Terraform Legal Woes
The development comes three months after Terraform and co-founder Do Kwon reached a $4.47 billion agreement with the SEC to settle fraud charges related to the collapse of the Terra ecosystem.
The agency accused Terraform and the co-founder of deceiving investors about the stability of TerraUSD,
TON’s Daily Active Addresses Exceed Leading L1 Blockchains Like Bitcoin, Ethereum
September 20, 2024The Open Network (TON) has continued to record outstanding growth as the protocol recently saw its active addresses outperform leading blockchains in the industry.
According to data from the market intelligence platform IntoTheBlock, the number of daily active TON addresses surged to 3 million in the first week of September.
Per the data, this figure exceeded the number of active addresses recorded on major Layer 1 networks, including Bitcoin and Ethereum. TON’s popularity over the past few months has attracted increasing attention from developers, investors, and users alike, further solidifying its position as a rising contender in the blockchain space.
USDT Trading Volume on TON Surges
In addition to the growing number of active addresses, TON has experienced an increase