Risk aversion in markets as Bitcoin futures trading sees a significant decline

Quick Take Bitcoin futures trading has seen a significant contraction from Jan. 2021 to Sept. 2023, with the total 24-hour USD value of traded futures contracts falling from $90 billion to $18 billion.

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PEPE Market Heats Up as Firms Transfer Over $6 Million in Tokens – Here’s How Price Reacted

A cryptocurrency whale with the address 0x9d5 has withdrawn a significant amount of $PEPE tokens from Bitvavo. According to on-chain data, the whale withdrew 391 billion $PEPE tokens valued at around $273,000.

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As Ethereum gas usage plummets, how has the network fared

Ethereum’s total gas usage declined to around 107. 6 billion from 107. 9 billion. Fees have also decreased recently. Recent data indicates a significant decrease in Ethereum [ETH] gas usage.

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Top Trader Spots Worrying Indicator for Ethereum as $13B Flows Out

Ali (@ali_charts) pointed out that Ethereum has experienced a significant outflow of roughly $13 billion from its market in the past few days. This is a noteworthy development that signals a shift in investor sentiment.

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FTX Crypto Purge: Court Gives Green Light To $3.4 Billion Liquidation Blitz

In a significant development for the cryptocurrency market, the bankrupt exchange FTX has received court approval to liquidate its crypto assets worth over $3. 4 billion. The decision, delivered by Judge John Dorsey, overruled objections and permitted FTX to proceed with selling, staking, and hedging its holdings.

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Beyond Solana: FTX’s $3.4 Billion Asset Liquidation Threatens Market Stability for BTC, ETH, XRP and These Crypto Assets

According to Wu Blockchain, a crypto news reporter, FTX’s financial situation is quite complex, with holdings distributed across a variety of cryptocurrencies. As of August 31, while the exchange did hold a significant $1.

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FTX Reveals $1.1B in Solana Ahead of Court Approval for Asset Sales

Bankrupt crypto exchange FTX reveals a $3.4 billion crypto reserve, including significant holdings in Solana and Bitcoin.

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FTX pressure on Solana, other top altcoins: Buy Shiba Memu?

As FTX awaits approval to liquidate over $3. 4 billion in assets to refund claims, market sentiment could flip negative amid a significant dump. Among cryptocurrencies likely to face fresh downside pressure is Solana (SOL), a token the collapsed crypto exchange currently holds in massive numbers.

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THORChain's monthly volume surpasses $1 billion

THORChain's monthly volume in August rallied above $1 billion. Following a significant uptick in RUNE's value, profit-taking activity commenced, putting downward pressure on prices.  DecentThe post THORChain's monthly volume surpasses $1 billion appeared first on AMBCrypto.

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XRP Whales On The Move Again, As Altcoin Records Significant Utility Spikes

In the last 48 hours, the XRP market has witnessed a significant amount of large-scale transactions, drawing much attention from the general crypto space. According to data from blockchain tracker Whale Alert, XRP whales conducted transactions involving over a billion XRP on Friday, September 1.

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Bitcoin Whales Load Up With $1.5 Billion Worth Of BTC Amidst Price Uncertainty

Bitcoin whales, entities holding a substantial portion of the Bitcoin supply, have ignited speculation within the cryptocurrency realm by amassing more than a billion worth of BTC in mere two weeks. Data from crypto analytics firm IntoTheBlock reveals a significant uptick in the accumulation of Bitcoin by addresses holding at least 0.

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5 billion LUNC unstaked, triggers price drop concerns

Over 5 billion LUNC coins were unstaked on 28 August. With bears in control in the last month, the altcoin's price has continued to decline. Terra Classic [LUNC] saw significant tokens unstaThe post 5 billion LUNC unstaked, triggers price drop concerns appeared first on AMBCrypto.

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Crypto Chaos: Over $4 Billion In Losses Plague 16 Bitcoin Mining Titans

Bitcoin mining, once a lucrative venture for cryptocurrency enthusiasts and institutional players alike, is now grappling with a significant challenge as negative earnings continue to plague the industry.

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Record surge in Bank Term Funding Program hints at underlying instability in U.S. Treasuries

Quick Take Based on the data analysis from analyst Joe Consorti, the Bank Term Funding Program (BTFP) has surged to a record $107.39 billion. This significant increase in the BTFP, a program instituted following the collapse of Silicon Valley Bank in March 2023, underscores the critical financial environment that led to the creation of this […] The post Record surge in Bank Term Funding Program hints at underlying instability in U.S. Treasuries appeared first on CryptoSlate.

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dYdX Airdrop Guide – Last Time dYdX Airdrop Was Worth $10k, Don’t Miss Out

dYdX has emerged as a significant player in decentralized crypto trading. In 2022, it marked its presence with a whopping $466. 3 billion in transaction volume, a 140% rise from the previous year’s $322 billion.

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Tether Burns $1,200,000,000 USDT on Tron Network, Should Investors Be Worried?

In a significant move, Tether, the company behind the widely-used stablecoin $USDT, has burned 1. 2 billion USDT on the Tron blockchain. This action was taken in relation to the funds accrued in the Treasury wallet, which were accumulated due to chain swaps and redemptions from previous periods.

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Mind-Blowing 800% Shiba Inu (SHIB) Burn Rate Surge Led to 1 Billion Burn

Significant token burn surge did not lead to price rally some people might have expected

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Michael Burry’s Massive $1.6 Billion Short: Is A $DXY Collapse The Catalyst For A Crypto Bloodbath?

Michael Burry, renowned investor, and hedge fund manager, has once again made headlines with his significant short position in the traditional market, which could impact the nascent crypto industry if his bet is to materialize.

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48 Crypto Assets Considered by the U.S. SEC To Be Securities Beget Questions

With a significant 24-hour trading volume of $3.3 billion, as reported by CoinGecko, a group of 48 tokens, potentially categorized as securities by the US Securities and Exchange Commission (SEC), holds a substantial combined market capitalization of $91 billion.

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Binance China Dominance Continues: Volume Hits $90-B Despite Crypto Ban – Report

Binance continues to attract a significant portion of its business from China, even in the face of the country’s prohibition on cryptocurrencies. In May, Binance recorded a staggering trading volume exceeding $90 billion, encompassing both spot and futures transactions originating from the country.

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Ethereum’s $6,500,000,000 Burn – Here’s How This Can Affect ETH Price

In a significant development for the Ethereum blockchain, a total of 3. 5 million Ether (ETH) has been burned, representing a value of over $6. 5 billion. This milestone is a testament to the effectiveness of Ethereum Improvement Proposal (EIP) 1559, which introduced the burning mechanism nearly two years ago.

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Ethereum edges into top 50 global assets while Bitcoin climbs to 12th largest asset worldwide by market cap

Quick Take Ethereum has reached a significant achievement by cracking into the top 50 global assets based on market capitalization, with a current worth of $223 billion. This pushes it past palladium and brings it to just $17 billion behind platinum, indicating a notable surge among global assets.

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Tether reports Bitcoin reserves up by $170M alongside drawdown in precious metals allocation

Stablecoin issuer Tether’s (USDT) second-quarter attestation revealed a significant increase in its Bitcoin (BTC) reserves by more than $170 million, raising the total to $1. 67 billion from the $1.

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Could a new surge in TUSD supply trigger another Bitcoin rally?

The circulating supply of TrueUSD (TUSD), a highly liquid stablecoin, has seen a significant increase of almost $250 million between July 29 and July 30. While this might appear as a minor uptick for a stablecoin with a circulating supply exceeding $3 billion, historical data suggests that notable price rallies have often followed such spikes […] The post Could a new surge in TUSD supply trigger another Bitcoin rally? appeared first on CryptoSlate.

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Ethereum Daily Users Plunge Amid Declining Network Revenue

The second quarter of 2023 brought significant challenges for the Ethereum network as its revenue experienced a sharp decline. Ethereum network revenue plummeted from $1. 27 billion to $847 million during Q2, representing a staggering 33.

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Ethereum Monthly Burn Surpasses 146,000 ETH As Total Clears $6.5 Billion

Featuring Ethereum Improvement Proposal (EIP) 1559, the London hard fork introduced significant changes to Ethereum’s transaction fee mechanism. Users now pay a base fee that is subsequently burned, effectively removing ether from circulation forever.

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Crypto Crime Hits Record Lows, But Ransomware Threat Looms Large: Study

Crypto scams have experienced a significant decline of 77% in the first half of 2023, plummeting from a staggering $3. 3 billion to $1. 1 billion, as shown in a recent report from blockchain intelligence firm, Chainalysis.

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Shiba Inu Market Cap Climbs By $500 Million – Is A Price Rally On The Horizon?

Shiba Inu (SHIB) has made significant strides in the digital asset market, currently holding a market capitalization of over $4. 4 billion. This remarkable achievement has propelled SHIB to claim the 18th position among the largest cryptocurrencies.

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An Astute Trader Exchanged 3K $ETH for 5.83M $USDT Top Whale Analyst Reports, While Another Wallet Withdrew 945 billion PEPE coins from Binance

In a recent flurry of activity in the cryptocurrency market, a seasoned trader made a series of strategic moves that resulted in significant profit. These transactions were meticulously tracked and reported by one of the world’s leading whale analysts on Twitter, providing a fascinating insight into the tactics employed by savvy investors in the volatile […] The post An Astute Trader Exchanged 3K $ETH for 5.

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Big expiration awaits tomorrow, roughly $7B in notional value for Bitcoin and Ethereum

Quick Take Tomorrow, June 30, marks a significant day in cryptocurrency options, with a colossal expiry on the horizon. Approximately $4. 8 billion worth of Bitcoin and $2. 3 billion of Ethereum options are poised to expire.

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OKX’s monthly reserves report shows over $11.3b in crypto holdings

Crypto exchange OKX, a well-known exchange, has published its eighth consecutive monthly report on proof-of-reserves (PoR). The report reveals the balances of BTC, ETH, and USDT held by OKX, totaling a significant amount of $11.3 billion. According to the report,…

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Bitcoin Futures ETF BITO sees biggest weekly inflow in a year

Quick Take Eric Balchunas, Bloomberg’s Senior ETF Analyst, recently highlighted a significant achievement for the Bitcoin Futures ETF, $BITO. In its most substantial weekly inflow in the past year, the ETF’s assets have surpassed the $1 billion mark once again.

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Ripple CTO Debunks Rumors of 10 Billion XRP Buyback Amidst Calls for Clarity

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BUSD Market Cap Plunge Of 80% Raises Concerns Of Impending Collapse

The fate of Binance USD (BUSD), the stablecoin introduced by Binance, hangs in the balance as its market capitalization has experienced a significant decline of over 80% in 2023. From November 2022 to June of the current year, BUSD’s market capitalization has plummeted from USD23 billion to USD4 billion.

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TUSD Emerges Strong: 1 Billion Injection Bolsters Supply Amidst Declining Stablecoin Market

On June 16, TUSD supply surged by 52%! The difficulties the dollar-pegged token economy was facing were recently brought to light when significant redemptions caused its market valuation to drop to a 20-month low.

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Elon Musk’s key litigator withdraws amid Dogecoin lawsuit saga

As Elon Musk battles a $258 billion lawsuit over alleged Dogecoin market manipulation, his legal team undergoes significant reshuffling. Key litigator Adam Gabor Mehes has departed, with Allison Huebert stepping in to fill the void. The rapidly evolving landscape of…

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Breaking the Buck: The History of Tether’s Depreciation from its $1 Peg

Tether (USDT), the world’s leading stablecoin, has been a significant player in the cryptocurrency market since its inception in October 2014. With a market capitalization of $72 billion, Tether has mostly maintained its peg at $1.

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Celsius Sets New Standard: $1 Billion In ETH Staked As Deposits Show No Sign Of Slowing

Celsius, a popular lending platform, has made significant moves in staking Ethereum (ETH) as they stake almost $1 billion worth of the cryptocurrency. According to the Blockchain intelligence company Arkham Intel, In the past 24 hours alone, Celsius has staked over $600 million worth of ETH, with no signs of slowing down.

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Cardano Whales Move 313 Billion ADA as Network Shows Outstanding Performance

Cardano shows significant level of whale activity as meme coins on network blossom

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Bitcoin, altcoins stand tall despite options expiry pressure

Quick Take Bitcoin and Ethereum held firm on a massive options expiry on May 26, according to Deribit data. Over $2. 2 billion worth of options expired on May 26 for Bitcoin. Despite this significant event, the currency held firm above $26,300.

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Ethereum Staking Hits Over $40 Billion After Shanghai Upgrade: What It Means For ETH

The Ethereum (ETH) network has reached a significant milestone following the highly-anticipated Shanghai upgrade, as staking activity soars to new heights. According to crypto analytics platform Cryptorank, the Ethereum deposit contract balance has exceeded $40 billion, with users depositing over 4.

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Single Wallet Destroys 1.2 Billion SHIB, Burn Rate Surges Over 2,000%

In a display of token destruction, a single wallet has set the Shiba Inu (SHIB) community ablaze by destroying a significant amount of SHIB tokens. According to data from the Shiba Inu burn tracker, Shibburn, the Shiba Inu burn rate is currently up by 2,372% in the past 24 hours due to the burn from one single wallet.

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Ethereum (ETH) Beacon Chain Shatters Records With $7.7 Billion Inflows

Ethereum’s (ETH) Beacon Chain has seen significant inflows since staking withdrawals were enabled on April 12th, with over $7. 7 billion worth of Ethereum deposited into the contract. This is despite some initial predictions of a flood of outflows following the Shanghai Upgrade.

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US government holds $6B worth of Bitcoin: Glassnode data

The United States government is one of the most significant Bitcoin (BTC) holders in the world, holding 205,514 BTC — worth $6 billion — according to Glassnode data. Reflexivity Research co-founder Will Clemente noted that the U.

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Bitcoin Bloodbath: Market Volatility Sparks Panic, Wipes Out $1 Billion In Open Interest

In the last 24 hours, Bitcoin (BTC) has experienced a sharp increase in volatility, with prices fluctuating between $29,000 and $27,000, given the lack of liquidity in the market. This sudden price action has had a significant impact on bulls and bears.

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CryptoSlate wMarket Update: Ethereum’s rally above $2,100 pulls broader market along

The cryptocurrency market recently experienced a net inflow of $40 billion, with Bitcoin and Ethereum's market cap showing significant growth. Top assets, including Cardano and Ethereum, posted gains over 6%.

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Ethereum On-Chain Data Point To Clear Skies Ahead Of The Shanghai Upgrade

As the long-awaited Shanghai upgrade finally nears tomorrow, April 12th, the Ethereum (ETH) network and the crypto market are about to experience a significant influx of funds, as $33. 5 billion worth of ETH is set to become available for use or sale.

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Crypto market faces potential $1 billion impact as Ethereum, BNB, XRP, Cardano, Dogecoin, Polygon, and Solana experience significant price surge.

The first quarter of 2023 saw a significant surge in the prices of major cryptocurrencies such as Bitcoin and Ethereum, putting the crypto market in a pivotal moment. Bitcoin, in particular, almost doubled in value from its late 2022 lows due to the belief that the Federal Reserve could adopt a dovish stance.

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This Crypto Sector Will Grow To $16 Trillion, Here’s How

The world of crypto assets has seen significant growth in recent years, with the total market capitalization reaching over $3 billion in November 2021. A new sector within the cryptocurrency industry is poised to continue the trend and explode in growth terms.

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