Markets

Coinbase, the largest cryptocurrency exchange in the U.S., believes American households could have saved approximately $74 billion in credit card transaction fees in 2022 if they used blockchain technology. In Coinbase’s latest State of Crypto Report, the exchange outlined the frustrations of the current financial system, ranging from high costs to delays and difficult access, insisting that blockchain technology eliminates all the issues. Saving $74B in Transaction Fees...

On-chain analysis by market intelligence platform CryptoQuant has found that selling pressure from Bitcoin miners has eased and remained low despite a significant decline in transaction fees. According to the firm’s latest weekly report, Bitcoin sold daily by miners currently sits around 300 BTC, significantly down from the companies’ 800 BTC daily sales in November and December 2023. Bitcoin Miner Selling Pressure Remains Low Bitcoin miner selling pressure has stayed low in...

Bitcoin’s positive price performances continued in the past 24 hours as the asset jumped above $48,000 and marked a new monthly peak. The altcoins are also in the green, with ETH tapping $2,500 and SOL jumping to $110. BTC on the Rise A lot can change in the cryptocurrency market within a week, and this is what happened to BTC in the past seven days. Last weekend, the asset had recovered from the most recent declines and stood at around $43,000. The next several days were...

Pandora has witnessed a remarkable surge of over 30% in the last 24 hours amid a broader market resurgence. This increase can be attributed to recent announcements by crypto wallets from renowned exchanges like Binance and OKX, which emphasized the inclusion of support for the ERC-404 token standard. The ERC-404 Token Standard Based on data from CoinGecko, the Pandora token peaked at $32,427 today, marking a 35% increase in the past 24 hours. Its current trading price is...

Bitcoin witnessed significant developments in recent weeks that have helped it extend its rally, surging past $47,000 for the first time in nearly a month. The uptick has brought a sense of relief for its investors, who recently endured a brief plunge to 38,500 and now find themselves comfortably in the profit zone amidst market recovery. Interestingly, the latest data by a CryptoQuant analyst suggests that the market is approaching a “turning point.” Where Is Bitcoin...

Last week, Bitcoin managed to recover a substantial portion of the ETF-induced losses that occurred in the two weeks after their approval but then stalled at around $43,000 for several consecutive days. In fact, the asset remained at around that level from last Thursday to this Wednesday with little to no actual movements. That, though, started to change on Wednesday evening when the bulls finally stepped up on the gas and initiated an impressive leg up that resulted in...

CoinspeakerEthereum’s ERC-404 Token Standard Sets New Era for Digital Assets The ERC-404 launch continues to draw massive interest from the crypto markets due to its merger of fungible and non-fungible tokens. Are there early adopters already? Ethereum’s ERC-404 Token Standard Sets New Era for Digital Assets

The meme coin market remains popular in early 2024, with a new Solana-based token called Smog turning heads. Launched earlier this week, Smog (SMOG) has already surged by over 1,000%, attracting positive price forecasts from prominent crypto traders. SMOG Token Takes Flight with Huge 1,000%+ First-Day Surge SMOG was launched on the Jupiter DEX on February 7 and has since rocketed in value, with birdeye.so data showing that a whopping $1.2 million in trading volume occurred...

CoinspeakerArthur Hayes Supports Points Crypto Funding Model despite Its Opaqueness Hayes emphasizes that "points" combine ICO and yield farming best features to raise funds and drive user growth during the current bull market.  Arthur Hayes Supports Points Crypto Funding Model despite Its Opaqueness

CoinspeakerDeFi Protocol Pendle Finance Inches Closer to $1B Total Value Locked With its innovative approach to yield generation, Pendle has emerged as a beacon of innovation within the DeFi landscape. DeFi Protocol Pendle Finance Inches Closer to $1B Total Value Locked