Bitcoin appears to be struggling to position itself above $60,000. The world’s largest crypto asset by market cap is yet to recover from the fall earlier this week. As a result, its weekly losses compared to the surge last Friday stand at about 10%. However, its reserves on exchanges hitting new lows for the year paints a bullish picture. Bitcoin’s Dwindling Exchange Reserves As per CryptoQuant’s observation, bitcoin’s decrease in reserves suggests reduced selling pressure,...
Read More »Ethereum Restaking Surge Driven by Lower Staking APRs
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Read More »Uniswap Hits Record Transaction Count Despite Dwindling Volume
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Read More »Vitalik Buterin Moves 800 ETH to Multi-Signature Wallet, New Selloff Incoming?
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Read More »Telegram’s Potential IPO Stalled as Its CEO Pavel Durov Faces Legal Troubles in France
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Read More »Why Did Floki Inu (FLOKI) Tumble by 19% Daily?
TL;DR Floki Inu (FLOKI) saw a sharp decline of nearly 20%, losing its place among the top 5 meme coins. Despite the drop, some analysts remain optimistic, predicting a possible rally if the token’s price surpasses an important resistance level. FLOKI Bleeds Heavily The price of the popular meme coin Floki Inu (FLOKI) is down almost 20% on a daily scale, currently trading at around $0.0001272. FLOKI Price, Source: CoinGeckoFLOKI’s market capitalization plunged to $1.23...
Read More »BlackRock’s Spot Bitcoin ETF Sees First Day of Outflows in Nearly 4 Months
The iShares Bitcoin Trust (IBIT), issued by BlackRock, the world’s largest asset management firm, just recorded its first day of outflow in almost four months. Data from Farside Investors shows that IBIT investors withdrew $13.5 million from the fund on Thursday, August 29. The last time the BlackRock spot Bitcoin exchange-traded fund (ETF) recorded a negative flow was on May 1, and the outflow amounted to $36.9 million. Since then, the fund has either witnessed inflows or...
Read More »Crypto.com Taps Standard Chartered to Offer Fiat Services to Users Globally
The Singapore-based cryptocurrency exchange Crypto.com has partnered with Standard Chartered, the leading multinational banking institution, to offer fiat services to retail users worldwide. According to a press release shared with CryptoPotato, Standard Chartered will provide the exchange with banking and payment solutions to enable the deposits and withdrawals of the United States dollar (USD), the euro (EUR), and the United Arab Emirates Dirham (AED) on the Crypto.com...
Read More »Bitcoin L2 Stacks Implements Nakamoto Upgrade for Enhanced Network Functionality
The leading Bitcoin layer-2 network, Stacks, has commenced implementing its Nakamoto upgrade, which will enhance functionality and integration with its base blockchain. According to a press release shared with CryptoPotato, Stacks began the Nakamoto Activation Sequence on August 28. The process has four key steps, including the final code delivery, Cycle 92; the upgrade period for network operators; Cycle 93, which entails core developers selecting the final hard fork; and...
Read More »Network Activity Decline for Polygon (MATIC) but Bullish Reversal Signals Emerge
Polygon (MATIC) has been experiencing a decline in network activity since the broader crypto market retrace began in March. However, recent data shared by the crypto analytic platform Santiment indicates a potential shift in this trend. Bullish Reversal for Polygon (MATIC)? Polygon’s native token, MATIC, has lost over 17% of its value in the past month alone as it traded mostly below $0.52. Subsequent declines dragged the asset to the press time price of $0.43, but this could...
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