Bitcoin reserves on centralized exchanges have plunged to a 5-year low. Over the past month, $6 bln worth of BTCs has been withdrawn from crypto exchanges. What is the reason for this and what does it mean? This trend of withdrawing bitcoins from centralized exchanges may be due to several factors: 1. Many investors could […]...
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Marathon Digital (MARA) will label all of its bitcoins mined in the US with a “Made in USA” stamp. Why is this necessary? After all, the point of a mined block is that it is pure and not tied to an address. Thus, miners cannot directly “label” bitcoins in the technical sense. Bitcoins are not […]...
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Does Ripple’s product have any chance of taking over the stablecoin market? Ripple’s RLUSD definitely has a chance of gaining control over the stablecoin market, but it won’t be an easy task. 1. The company has a solid track record when it comes to creating financial solutions, which could inspire confidence in potential users. 2. […]...
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Tether’s CEO called MiCA a threat to stablecoins and the banking system. Could MiCA really be such a threat? Or is this just a tempest in a teapot? Stablecoins are digital money that must always be worth the same (for example, one token is worth one dollar). The companies that issue this digital money must […]...
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How significant is Grayscale’s AI token fund for the crypto market? What impact will it have? The launch of Grayscale’s new crypto fund focused on decentralized AI protocols is clearly an interesting development, but its market significance is currently limited. The lack of a noticeable market reaction suggests that this event is not perceived as […]...
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Sui (SUI). The native token of the L1 blockchain Sui rallied in response to news about Grayscale Sui Trust as financial company Grayscale Investments announced on August 7 the launch of cryptocurrency trust Grayscale Sui Trust. SUI’s capitalization approached $ 2.5 bln. In addition, the domain service of the SuiNS ecosystem announced its restructuring into […]...
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During the cryptocurrency market crash on August 5-6, whale transactions soared to their highest level since April. On these dates, there were 28,319 BTC transactions worth over $100,000 and 5,738 over $1 mln. Why did whales step up their activity during this period? What is the reason for this? What will be the consequences for […]...
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Will hash rate growth to record levels contribute to the stability of the cryptocurrency price? An increase in the bitcoin network hash rate could indeed affect network stability and security, but its impact on the cryptocurrency price is not as clear-cut as it may seem at first glance. Let’s explore several key issues: 1. Network […]...
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The Fear and Greed Index plunged to 17 on August 6. The last time such a reading was seen was in July 2022. What does this mean? Why are there such prints even though crypto currencies have generally posted strong gains across the board? The Fear and Greed Index is a complex indicator that tracks […]...
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Bitcoin’s market cap dominance has reached 57.21%, the highest mark since April 2021, according to TradingView. What does this mean? Should a bull run be expected and an altcoin season after the BTC halving, or is this trend a relic of the past? Bitcoin’s dominance can increase in both a rising and falling market. Therefore, […]...
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