Markets

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Threshold has proposed a merger of its tBTC token with WBTC as the industry is concerned for the latter’s future. Threshold, a protocol offering a decentralized version of wrapped bitcoin through its tBTC token, has proposed a merger with BitGo’s WBTC token in an effort to “save” the biggest wrapped bitcoin token by market cap. WBTC’s future has become concerning for the crypto community after BitGo partnered with Hong Kong-based BiT Global to expand its foothold beyond the United States....

There has been a shift in the Ethereum market, as rising exchange reserves signal a potential new distribution phase coinciding with growing concerns over a death cross. This is evidenced by CryptoQuant’s Ethereum Exchange Reserve metric, which tracks the amount of ETH held in exchange wallets. Ethereum in Jeopardy When the metric rises, it often suggests that traders are moving their ETH onto exchanges, preparing to sell, which can increase supply pressure and contribute to...

The meme coin market is always buzzing with new projects. And Crypto All-Stars (STARS) is the latest to catch the community’s attention. Nearing the $1 million mark in its presale, STARS is beginning to gain traction on social media. But will the token pump when it hits exchanges after the presale ends? MemeVault – A New Way to Earn Passive Income with Meme Coins Crypto All-Stars brings a fresh approach to meme coins with its new MemeVault feature. Designed as a hub for meme...

Kaspa is struggling to catch breath amid the broader market downtrend. With the dispiriting price trajectory of top altcoins like $KAS, presales are back in the spotlight. A hot crypto presale of this season is Shiba Shootout ($SHIBASHOOT), which just broke past the $1 million milestone. Is Kaspa flatlining into 2025? Kaspa has recorded a 350% jump in a year. But it has been showcasing lackluster performance over the last few weeks. KAS has plummeted 18% in a month as...

The crypto market is about to see the launch of Base Dawgz, a new meme coin that’s been generating immense buzz. Base Dawgz (DAWGZ) will be available on DEXs starting tomorrow, meaning today is the final chance to buy tokens at the listing price. With excitement building, this multi-chain meme coin could be about to shake up the sector for good. Base Dawgz’s Multi-Chain Capabilities Catch Investors’ Attention Base Dawgz is drawing attention because of its multi-chain...

Alongside a lackluster market, there has been a significant decline in whale activity across most major crypto assets. According to the latest analysis by Santiment, Bitcoin and Ethereum are seeing noticeable drops in $100k+ transactions. Whale Activity Plummets During the highly active period of March 13-19, Bitcoin saw 115.1k transactions valued at over $100k each, reflecting intense activity from large holders. However, by 21-27 August, this number had nearly halved to...

New York, NY, September 3rd, 2024, Chainwire Forgd, a token advisory and optimization platform, announced the launch of its free-to-use web platform, which provides blockchain projects unrestricted access to tools for tokenomics design, liquidity monitoring, cap table management, and financial planning. Forgd eliminates financial barriers associated with traditional Web3 Advisory and consolidates an otherwise fragmented services industry built to support blockchain projects as they issue a...

Bitcoin miners made the lowest revenues in August since September 2023 as the network’s mining difficulty peaked at the highest it has ever been on August 31. August marked the worst month in revenues for Bitcoin miners this year and since September 2023. They mined a total of $827.56 million last month following a trend of reducing mining rewards since April’s halving event that reduced block rewards to 3.125 BTC. August’s revenues saw a 10.5% reduction from July when miners netted $927.35...

A recent combined report by Block Scholes and Bybit sheds light on the crypto derivatives market’s robust performance despite recent turbulence. The analysis of futures, options, and perpetual contracts showed the case to understand how the sector is stable during high volatility. The report notes that, while BTC fell below $59,000, the futures market remained relatively stable. The open interest for futures contracts was flat, meaning traders were proactively reducing their leveraged...