Tuesday, August 27, 2024

Tuesday, August 27, 2024

Ethereum Foundation reveals spending after speculation over massive transfer
Ethereum Foundation (EF) contributor Josh Stark posted a breakdown of the organization’s expenditures for the past two years on social media on Aug. 27. Stark shared the information after growing sp...

Bitcoin’s net realized profit/loss stabilizes post $70k surge, signaling market maturity
Onchain Highlights DEFINITION: Net Realized Profit/Loss is the net profit or loss of all moved coins and is defined by t...

Bitwise CIO says Powell’s remarks could spark a new Bitcoin bull run
Bitwise CIO Matt Hougan believes that US Federal Reserve Chair Jerome Powell’s recent dovish comments could ignite a new bull market for Bitcoin. Hougan, in an Aug. 27 note to investors, emphasized ...

Two Crypto Analysts Predict Rallies for Toncoin (TON) Following Last Week’s Abrupt Correction
Two closely followed crypto strategists are predicting a rebound for layer-1 protocol Toncoin (TON) after last week’s sudden correction. Pseudonymous analyst Altcoin Sherpa tells his 220,700 followe...

Nasdaq Pushing for SEC To Approve Launch of Bitcoin Index Options: Report
The world’s first electronic stock exchange is asking the top US securities regulator to approve Bitcoin (BTC) index options. According to a new report from Reuters, Nasdaq is seeking approval from...

Coinbase CEO Brian Armstrong Releases ‘On-Chain Score’ Platform for Crypto Wallets
Coinbase chief executive Brian Armstrong has rolled out a new “on-chain score” platform for crypto wallets. Onchainscore.xyz assesses crypto wallets for “onchain-nativeness” on a 1-100 scale a...

Ex-Goldman Sachs Executive Predicts 10x for Solana (SOL), Says ‘Really Good Trade’ Approaching
Ex-Goldman Sachs executive Raoul Pal believes that Ethereum (ETH) competitor Solana (SOL) could have a massive price explosion this cycle. In a new interview on the Empire podcast, Pal predicts that S...

State of Wyoming Pushing for Adoption of Its Own Dollar-Backed Stablecoin: Report
Wyoming is reportedly planning to soon launch its own stablecoin pegged to the US dollar in an effort to generate additional revenue. CNBC reports that the state is hoping to roll out the so-called Wy...

Bankrupt Crypto Lender Celsius Distributes $2,530,000,000 to Creditors
Defunct crypto lending platform Celsius Network is paying back billions to creditors. Last year, a US judge approved a bankruptcy plan for Celsius after it filed for bankruptcy in July 2022 when its ...

Whales Sell Off Massive Amounts of Ethereum (ETH) As Crypto Markets Break Down
Crypto whales are offloading large amounts of Ethereum (ETH), adding sell pressure to a correction in digital asset mark...

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