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Grayscale adds Sui and Bittensor trusts to its crypto product suite 600% Hike Pushes Hedera (HBAR) Open Interest to All-Time High, Traders Expect More Bitcoin’s Post-Election Gains And Market Trends: A Closer Look Build on Bitcoin CEO: DeFi’s TVL Skyrockets with Bitcoin’s BitVM-Powered Push Crypto Crumbles in Broad Selloff Led 20% Declines Across Numerous Altcoins Bitcoin sees more upside above $100K driven by long-term holder dominance: CryptoQuant Hedge Fund Arrowpoint Grows to $1.1 Billion After November Gain The Truth Behind the Dogecoin Price Rally Will Shock You, Rival Altcoin to Catch Up and Hit $1 AFP: Phishing Scam Compromises Thousands of Australian Crypto Wallets Solana Rockets Past BNB To Claim Coveted 4th Spot In Crypto Ranks

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Grayscale adds Sui and Bittensor trusts to its crypto product suite

Grayscale adds Sui and Bittensor trusts to its crypto product suite Oluwapelumi Adejumo · 6 days ago · 2 min read The new Grayscale trusts will provide investors with exposure to AI and blockchain innovations. 2 min read Updated: Aug. 7, 2024 at 4:06 pm UTC Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content. Grayscale has introduced two new crypto investment trusts, focusing on the Sui blockchain and the decentralized AI network Bittensor, according to an Aug. 7 statement. The Grayscale Bittensor Trust will invest in Bittensor’s native TAO token, while the Grayscale Sui Trust...

07.08.2024

600% Hike Pushes Hedera (HBAR) Open Interest to All-Time High, Traders Expect More

Hedera (HBAR) open interest has hit a new all-time high following its 600% price increase in the last 30 days. This rise signifies the highest trader interaction with the token since its inception. Looking ahead, several key indicators suggest HBAR’s price rally and bullish momentum may persist. Based on this on-chain analysis, here is what could be next for the cryptocurrency. Hedera Has Traders’ Attention on Lock Some days back, BeInCrypto reported how HBAR’s open interest surged to $220 million. But as of this writing, the same indicator, according to Glassnode, has risen to $417.98 million. OI, as it is...

07.12.2024

Bitcoin’s Post-Election Gains And Market Trends: A Closer Look

Historically, Bitcoin has delivered remarkable returns in the December following U.S. presidential elections. During the last two cycles, the cryptocurrency gained 30% and 46%, respectively. If this pattern repeats, Bitcoin could end the year trading between $125,000 and $140,000. Recent market activity supports bullish sentiment. Over the past 72 hours, more than 55,000 BTC—worth an estimated $5.34 billion—have been withdrawn from exchanges. This suggests strong accumulation by investors, typically a positive sign for price momentum. However, long-term Bitcoin holders have also been taking profits as prices climbed from $62,000 to $99,000. While this might seem bearish, it’s important to note...

30.11.2024

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Grayscale adds Sui and Bittensor trusts to its crypto product suite

600% Hike Pushes Hedera (HBAR) Open Interest to All-Time High, Traders Expect More

Bitcoin’s Post-Election Gains And Market Trends: A Closer Look

Build on Bitcoin CEO: DeFi’s TVL Skyrockets with Bitcoin’s BitVM-Powered Push

BOB aims to bridge Bitcoin and Ethereum ecosystems as a hybrid Layer-2 protocol, leveraging BitVM to expand Bitcoin’s role in DeFi and unlock cross-chain liquidity. The three-phase roadmap includes Ethereum L2 integration, a Bitcoin finality protocol and a full transition to a Bitcoin rollup, enabling advanced DeFi features like BTC staking. Bitcoin DeFi could be a much bigger market in the near future as new technologies are being developed to support the ecosystem. BOB (Build on Bitcoin) has laid out a phased development roadmap to enhance its capabilities as a Hybrid Layer 2 protocol. Each phase is designed to improve...

Crypto Crumbles in Broad Selloff Led 20% Declines Across Numerous Altcoins

Crypto Crumbles in Broad Selloff Led 20% Declines Across Numerous Altcoins Bitcoin was an outperformer, but still lower by 5% over the past 24 hours to just above $95,000. Dec 9, 2024, 9:15 p.m. UTC A slow bleed in crypto since late in the weekend accelerated into the early evening U.S. hours on Monday, leaving nearly the entirety of the sector sharply lower. With prices in quick retreat, bitcoin (BTC) at press time had fallen back to just above $95,000, down about 5% over the past 24 hours. Ether (ETH) was down 10% to $3,590. The broader CoinDesk 20 Index...

Bitcoin sees more upside above $100K driven by long-term holder dominance: CryptoQuant

Bitcoin surpasses the $100K milestone with long-term holders retaining over 14.5 million BTC, signaling sustained market confidence. Photo: Reuters Key Takeaways Bitcoin surpassed $100,000 as long-term holders control 74% of supply. Bitcoin's market dominance reaches 57%, solidifying its status as the largest crypto asset. Bitcoin broke the $100K milestone for the first time early Thursday, entering a new phase of price discovery. While Bitcoin’s price movements could trend in either direction, a CryptoQuant analyst suggests that long-term holders might be a key driver of upward momentum. According to CryptoQuant verified analyst Crazzyblockk, long-term holders (LTHs) account for over 14.5 million...

Hedge Fund Arrowpoint Grows to $1.1 Billion After November Gain

Multistrategy hedge fund startup Arrowpoint Investment Partners has increased assets under management to $1.1 billion after a 3% return in November, the best monthly result since it started trading in July, according to a person with knowledge of the matter. Author of the article: Published Dec 08, 2024 • 1 minute read New York Photographer: Jeenah Moon/Bloomberg Photo by Jeenah Moon /Bloomberg (Bloomberg) — Multistrategy hedge fund startup Arrowpoint Investment Partners has increased assets under management to $1.1 billion after a 3% return in November, the best monthly result since it started trading in July, according to a person with...

The Truth Behind the Dogecoin Price Rally Will Shock You, Rival Altcoin to Catch Up and Hit $1

The Dogecoin price movement has been one of the biggest surprises in the crypto space. In what many might find difficult to believe, the Dogecoin price has continuously outperformed Bitcoin (BTC). According to available data on CoinGecko, the price of Dogecoin has increased by over 162% over the past 30 days, while the price of Bitcoin has only appreciated by 33.5% over the same period. This is even more surprising when you consider that BTC hit a historical all-time high of over $99,300 earlier in the month. However, despite all these happenings, prominent crypto market analysts have revealed that an...

AFP: Phishing Scam Compromises Thousands of Australian Crypto Wallets

As part of the multi-national anti-scam effort, Operation Spincaster, the AFP has identified over 2,000 compromised Australian crypto wallets at risk of losing assets after falling victim to ‘approval phishing’ scams. Operation Spincaster was launched earlier this year by blockchain analytics firm, Chainalysis, and is a collaborative effort to combat crypto scams involving law enforcement agencies across six different countries and numerous crypto exchanges. According to the AFP, globally more than AU$4 billion has been lost to ‘approval phishing’ scams since 2021. The Australian Federal Police (AFP) has partnered with blockchain analytics firm Chainalysis to identify over 2,000 Australian-owned crypto...

Solana Rockets Past BNB To Claim Coveted 4th Spot In Crypto Ranks

Among the largest cryptocurrencies by market capitalization, Solana (SOL) has surpassed Binance Coin (BNB) to secure the fourth position. SOL has recently experienced a 14% increase, which has enabled it to surpass BNB. This represents an emerging market momentum of Solana. According to Coingecko, the market capitalization of Solana has reached over $87 billion in comparison to that of Binance Coin at almost the $84 billion mark. Thus, this shows the emergence of Solana’s strong appeal to investors. Solana’s most recent ascent has brought it into the limelight, prompting crypto devotees and analysts to contemplate whether this represents a new...