Crypto news

There has been a significant shift in the distribution of Dogecoin holdings over the past year. In fact, a cohort of DOGE whales have slowly reduced their holdings, which, in turn, may have been captured by retail and mid-sized holders of the meme coins. DOGE Whales’ Distribution According to the latest analysis by IntoTheBlock, the largest Dogecoin whales – holders owning more than 0.1% of the total supply – have been steadily reducing their positions. Interestingly, their...

The Bitcoin network is breaking records beyond its native asset, BTC, hitting prices unseen by other cryptos. It is now a top three NFT ecosystem by sales generated through all-time sales volumes, hitting $4,271,928,280 and pushing the Ronin chain down to the fourth spot. As protocols like Ordinals and Rune bring new use cases to the legacy chain, Bitcoin has transformed into an established NFT ecosystem. Enthusiasts take to the first-ever blockchain in droves to get their hands on NFTs,...

Memecoin bulls braced for impact as the largest asset of this kind by market cap, Dogecoin, dropped by over 10%. $60 million in DOGE futures got wiped out as a result. Huobi accounted for more than $44 million of those liquidations. Data revealed they were associated with longs – positions harnessed by users to speculate DOGE’s price rise. In contrast, only $600,000 worth of DOGE shorts, which users open to bet against the memecoin dropping in value, got liquidated in the past 24 hours. This...

Ethereum generated the most fees among the top twenty protocols over the past 30 days with around $180 million, according to new data from Token Terminal. On June 17, the crypto analytics platform reported that Ethereum was way ahead of other blockchains, which were dominated by layer-1 chains and DeFi protocols, with only one layer-2 blockchain in the top 20. The Coinbase blockchain Base generated the least amount of fees for the period at $6 million. “Given that the...

Coinbase Ethereum layer-2 network Base has clinched a new record in terms of the number of daily active users on decentralized exchanges (DEX), reaching 270,000 on June 17th. Compared to the previous day, the figure jumped by approximately 9%. Uniswap Dominates Base With 85% User Share According to data compiled by Dune Analytics, with the latest all-time high of active users, Base-powered decentralized exchanges have now surpassed BNB Chain. The Layer 2 network is now behind...

[PRESS RELEASE – London, UK, June 17th, 2024] Nummus Casino, the popular web and Telegram-based casino and sportsbook, is excited to announce the launch of its highly anticipated $Nummus Token presale on June 17th, 2024. Aiming to revolutionize the $80 billion global online gambling industry, this new digital currency will seamlessly integrate into the Nummus ecosystem, offering an unparalleled experience for all users. The casino, which already features sports betting,...

Deutsche Telekom, T-Mobile’s parent company, will jump into the Bitcoin mining space shortly to expand its revenue generation avenues. The telecommunications company has been active in the Web3 space for a while, already running a Bitcoin node, multiple nodes on the Lightning Network, a Bitcoin scalability solution, and validating on other networks. Dirk Röder, head of Web3 infrastructure and solutions at Deutsche Telekom, said at BTC Prague, “Since 2023, we are running a Bitcoin node, and we...

Crypto asset management firm Hashdex is applying to launch an ETF backed by both spot Bitcoin and spot Ethereum holdings – the two largest cryptocurrencies by market cap. The Hashdex Crypto Index US ETF Analysts discovered the product in a form 19b-4 from the Nasdaq stock exchange on Tuesday, requesting permission from the Securities and Exchange Commission (SEC) to list shares of the Hashdex Nasdaq Crypto Index US ETF. “The assets of the Trust will consist of bitcoin and...

Stacks, a Bitcoin layer 2 network, experienced an outage for 9 hours last week, leaving user transactions and blocks unprocessed for that entire period. Stacks Status, the official X account for the network’s updates, mentioned the cause was due to block reorganization (reorgs) on the layer 1 Bitcoin network and its miners behaving unexpectedly. “We are experiencing a delay in Stacks block production due to unexpected mining behavior and a Bitcoin reorg. Core developers in the ecosystem are...

TL;DR Drake suffered a substantial crypto loss after betting on the Dallas Mavericks to win the NBA finals. Additionally, he placed another $500,000 BTC bet on the Edmonton Oilers to win the NHL Stanley Cup Finals, continuing his risky wagering streak. Not Picking the Right Horse The popular Canadian rapper and actor Aubrey Drake Graham (better known as Drake) parted with $500,000 worth of Bitcoin (BTC) after betting on the Dallas Mavericks to win the NBA final against the...