In the fast-paced world of decentralized finance (DeFi), the Ethereum Layer 2 network Scroll has been making significant waves. Over the past seven days, Scroll has seen a remarkable 23% increase in Total Value Locked (TVL), reaching an impressive $1.03 billion, based on data from L2Beat. This surge has propelled Scroll to become the 8th
Crypto
Recently, the cryptocurrency market has experienced a significant uptrend, with an impressive $200 billion added to its total market capitalization. Bitcoin (BTC) and Ethereum (ETH) have seen remarkable price rises, with BTC reaching over $63,000 and ETH reclaiming the $3,300 mark. The meme coin sector has also witnessed substantial gains, with leading assets like Dogecoin
The digital asset investment market saw a surge in inflows last week, totaling $1.44 billion, bringing the year-to-date total to an impressive $17.8 billion. Despite the influx of capital, trading volumes remained relatively low at $8.9 billion, well below the average of $21 billion. Bitcoin was the standout performer, attracting $1.35 billion in inflows, while
Bitcoin has surged back to the $63,000 level, marking a two-week high and suggesting a potential break in the previous downtrend. On-chain analytics platform CryptoQuant has attributed this move to “U.S. whales” increasing their institutional Bitcoin purchases. Analysts have noted a shift in the Coinbase premium gap, indicating a change in trend among U.S. investors
XRP has recently seen a notable price increase, outperforming major cryptocurrencies in the market. This surge in price has sparked the attention of many analysts and traders who are closely monitoring the asset’s performance. The recent rally in the cryptocurrency sector, with a global market capitalization surpassing $2.4 trillion, has set the stage for XRP’s
Metaplanet, a well-known investment firm based in Japan, recently made a significant move in the cryptocurrency space by purchasing 42.4 Bitcoin for ¥400 million ($2.4 million). This strategic acquisition aims to enhance the company’s long-term financial strategy by adding Bitcoin to its list of assets. With Bitcoin trading at $57,652, down 8% over the last
Cryptocurrencies like Bitcoin have become a major factor in the upcoming 2024 presidential election, especially among Republican voters. A recent poll by investment firm Paradigm revealed that a significant portion of Republicans have shifted their views towards Donald Trump due to his newfound support for the crypto industry. This shift in sentiment has positively impacted
The approaching United States elections set for November have the potential to serve as a pivotal moment for the American crypto industry, primarily due to the divergent views held by candidates regarding digital assets. According to popular crypto exchange Coinbase, individuals who are part of the crypto community are likely to play a significant role
Bitcoin (BTC) is facing a critical juncture as market analysts debate whether the cryptocurrency has hit rock bottom or is poised for further decline. One key metric, stablecoin liquidity growth, suggests that BTC may struggle to rally in the near term. The slow growth of Tether (USDT) market cap indicates a lack of fresh liquidity
The cryptocurrency space is constantly filled with controversial moments, and the recent assassination attempt on the former US President has led to a surge in the creation of tokens related to this event. These tokens have seen significant increases in value following the news of the President surviving the attack. The ongoing battle for the
Bitcoin has been experiencing heightened volatility in the past week, with its price fluctuating between $54,000 and almost $60,000. As of now, it is trading at around $58,000, according to Coingecko’s data. Many analysts are speculating that a surge to $90,000-$100,000 could be on the horizon. Crypto Rover, a prominent figure with over 800,000 followers,
The stablecoin market has experienced a significant shift in recent years, with the once-dominant USDT losing market share to competitors like FDUSD and USDC. According to Kaiko’s latest data, USDT’s market share on centralized exchanges dropped from 82% to 74% in 2024. This decline can be attributed to increased competition and a growing demand for
Judge Katherine Polk Failla’s skepticism towards Coinbase’s efforts to subpoena SEC Chair Gary Gensler in the ongoing SEC case against the cryptocurrency exchange raises concerns about the legitimacy and relevance of the information being sought. She expressed doubt about Coinbase’s justification for requesting Gensler’s communications, especially those predating his Chairmanship in 2021. The judge’s clear
Germany’s on-chain Bitcoin wallet balance has officially reached zero, according to Arkham Intelligence, meaning sell pressure from the European economic powerhouse is likely at or near its end. The wallet’s latest outflows bring an end to a bearish narrative that’s hung over the crypto market for weeks, at a time when on-chain indicators are signaling