August, 2024

August, 2024

Tron surpasses Ethereum and Solana in daily revenue with SunPump craze
Justin Sun‘s Tron blockchain’s daily revenue reached a new all-time high of $3.84 million, driven by the memecoin generator SunPump. This milestone places Tron ahead of established networks like E...

Bitcoin and S&P 500 divergence echoes pre-COVID trends, potential realignment ahead
Quick Take Bitcoin and the S&P 500 are currently diverging, a trend that has occurred before, most notably in 2019 leading into the COVID-19 pandemic. Back then, the S&P 500 rose from around 2,900 to ...

Tether expands fiat portfolio with new UAE Dirham stablecoin
USDT issuer Tether plans to launch a new stablecoin pegged to the United Arab Emirates Dirham (AED) in collaboration with the Phoenix Group and Green Acorn, according to an Aug. 21 statement shared wi...

Bitcoin OTC desk balances rise by 60,000 BTC in past 30 days
Onchain Highlights DEFINITION: Bitcoin OTC desk wallets hold large amounts of Bitcoin for private, off-exchange transactions between institutional and high-net-worth investors. Bitcoin’s over-the-co...

Crypto trader loses $55M in DAI to phishing attack using Inferno Drainer kit
Blockchain security platform Scam Sniffer reported that a crypto trader lost $55.47 million in DAI stablecoin to a phishing attack. According to the firm, the trader lost their assets after mistakenly...

Institutional Bitcoin ETF ownership led by Wisdom Tree at 92%, IBIT at 47%
Quick Take Matthew Sigel, head of digital assets research at VanEck, noted the institutional ownership in Bitcoin ETFs, ...

Analytics Firm Issues Warning on ONDO, Says Fed Rate Policy Present Headwinds – Here’s Why
The crypto market data analytics firm Kaiko Research is warning that one real-world asset (RWA) project could remain bea...

Long-Term Bitcoin Holders Likely Ramping Up Conviction on BTC Positions: Glassnode
Long-term Bitcoin (BTC) holders seem to be doubling down on their bullish sentiment for the crypto king, according to blockchain analytics platform Glassnode. In a new analysis, Glassnode reports that...

How the convergence of sports and streaming creates opportunities for platforms and advertisers
Kenneth Suh, Chief Strategy Officer, Nexxen Sports and streaming seem to be everywhere of late — at the upfronts, dominating the news and landing mentions on major companies’ earnings calls. Th...

Bitcoin (BTC) Price Breakout to $80,000 Delayed by Macro Trends
Demand for Bitcoin (BTC) price to form a new all-time high has been keeping investors’ hopes alive. However, the actual demand for BTC is showing a massive decline. However, there is one cohort...

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November