• Silicon Valley Bank’s parent company, SVB Financial Group, has filed for bankruptcy protection. • The reorganization process aims to preserve company value and explore strategic alternatives with a board-appointed restructuring team. • Customers will be able to access the insured portion of their funds via the Federal Deposit Insurance Corporation while Biden administration and […]
Cathie Wood Remains Bullish on Cryptocurrencies Cathie Wood, the CEO of ARK Invest, recently spoke about her bullishness on Bitcoin and other cryptocurrencies at Lyceum Miami. Wood believes that Bitcoin is a hedge against inflation and has potential to diversify institutional portfolios. Wood also discussed some of the risks associated with cryptocurrency investments including regulatory […]
• Bitcoin short-term holders realized price is above realized price for first time since 2019. • The same event occurred in the 2015 bear market on Nov. 3, 2015, where STH realized price exceeded the realized price. • Currently, STH realized price is at $19,892 and could signal a potential end to the bear market. […]
• Judge Victor Marrero has ruled that NBA Top Shot NFTs are likely securities in a case against Dapper Labs. • The ruling cites the Howey Test, which is a Supreme Court ruling used to determine if a transaction constitutes an investment contract. • Dapper Labs has asserted that Flow, its blockchain powering NBA Top […]
• BLUR’s native token, BLUR, saw a sharp decline of over 84% after its 360 million token airdrop distribution went live. • Early adopters such as traders, care package holders, and creators were able to claim up to 86% of the airdrops. • The total supply of Blur tokens is 3 billion with 51% allocated […]
• Lido said its staking deposits grew across all chains except Kusama, with the majority of assets staked being in ETH. • The value of assets locked (TVL) on Lido rose by 5.5% in the last seven days to $8.48 billion. • Frax Ethereum’s (frxETH) TVL increased by roughly 77% in the past month to […]
• Polygon, the Ethereum scaling solution, has surpassed BNB Chain in daily transactions according to on-chain data. • Polygon’s daily transactions have remained range bound between 2-4 million per day since October 2022. • MATIC, the native token of the Polygon PoS chain, has risen 251% against the dollar since June 2022. Polygon, the Ethereum […]
• Nearly $400 million in crypto liquidations over the past 24 hours have pushed Bitcoin above the $23,000 mark. • Only 11.7% of all BTC supply now sits on exchanges, the lowest amount since December 2017. • Almost $500 million in Bitcoin has been withdrawn from exchanges in the past 24 hours. The past 24 […]
• Logan Paul has announced a three-prong program to refund investors of his troubled CryptoZoo NFT project. • The program involves allowing investors to exit the project and burn their tokens, Paul and his manager Jeff Levin burning their own tokens, and completing and launching the game and marketplace. • Paul also apologized to Coffeezilla, […]
• Bitcoin has broken $21,000, with $245 million of shorts liquidated over the past 24 hours and $255 million of Bitcoin bought on spot markets. • There are no major events that have had an obvious positive effect on investor activity, and the positive anticipation and sentiment toward a Consumer Price Index (CPI) announcement may […]