Markets

The crypto analytics platform – Santiment – indicated that the amount of bitcoin held on digital asset exchanges has recently plummeted below 6%. The last time the figures were that low was in December 2017. The decreased trust in centralized platforms intensified shortly after the fallout of FTX (one of the leaders in its field prior to its bankruptcy). Binance has also seen a rise in bitcoin outflows during the past several months, signaling that many users prefer to rely...

The Shapella upgrade last month enabled validators to unstake millions of ETH from the Ethereum 2.0 contract, allowing the funds to potentially be sold on the open market. Despite this, the second-largest cryptocurrency actually increased in value after the upgrade. How come? At Consensus 2023, CryptoPotato sat down with representatives from Nansen, a blockchain analytics company, to discuss how things have looked on-chain since the final phase of the Merge.  Shanghai Defies...

Binance noted that it will provide crucial information through Capital Connect including assets under management (AUM) of different funds, their performance records, and minimum investment amounts. The leading centralized exchange with more than $38 billion in daily traded volume Binance has continued to re-invent the financial markets for the betterment of the globally unbanked population. The exchange takes pride in more than 120 million global registered users who actively trade more...

Memecoin Turbo, created entirely from scratch using ChatGPT 4, has gained massive momentum with its market cap reaching $100 million within 10 days of launch. A whale holding a massive quantity of the frog-themed memecoin PEPE has recently generated a new trade in a token dubbed Turbo (TURBO), created by using ChatGPT’s language model for just $69. A whale, who was an early investor in Pepe coin and earned $14.5 million in profits, has been aggressively buying Turbo since the beginning of...

Boba said its users on BNB Chain are saving around 80% on transaction fees by using its network. Boba Network said today its Layer-2 scaling solution had achieved mass adoption on Binance’s BNB Chain, with its transaction volume more than quadrupling in April compared to the previous month. The network’s developers revealed that Boba processed 2,863,240 transactions throughout April, averaging around 100,000 per day. The network handled 585,818 transactions in March, up from just 99,362 in...

Despite the fall off of the US stock futures, there is no doubt that the fight against inflation is yielding a relatively positive fruit in the United States. The US stock futures are seeing a very concerning slump today following the release of the latest inflation figure for the month of April. According to the data from the Bureau of Labor Statistics (BLS), the Consumer Price Index (CPI) for the month of April increased by 0.4% when seasonally adjusted, and by 4.9% over the last 12...

Chicago Board Options Exchange parent Cboe has again filed for a spot Bitcoin ETF with the SEC despite being rejected in late January.  In a recent regulatory filing, Cboe Global Markets made its third attempt to list the ARK 21Shares Bitcoin exchange-traded fund (ETF). On Tuesday, the Chicago Board Options Exchange parent company sought approval from the Securities and Exchange Commission (SEC). The latest regulatory filing reflects the Cboe’s struggle for a US Spot Bitcoin ETF. The SEC...

The exit of Jane Street and Jump Crypto will contribute to the liquidity crunch in the market segment and this outlook is unhealthy for the industry. Market-making firms Jane Street Group and Jump Crypto are retreating from crypto trading in the United States due to regulatory uncertainty in the country. According to a report from Bloomberg, people familiar with the situation stated that Jane Street is taking a step further by lowering its global cryptocurrency ambitions. On the other...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Tron price started a fresh increase from the $0.0670 level against the US Dollar. TRX price is now trading near $0.0692 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.0694 on the 4-hours chart (data feed via Kraken). The pair could continue to...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin price started a fresh decline below the $29,000 pivot level against the US Dollar. The price is now trading below $28,500 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $28,400 on the 4-hour chart of the BTC/USD pair (data feed from...