August, 2024

August, 2024

2017 Whale Rebuilds BNB Position, Nets $7.61 Million Profit Amid Market Volatility
A seasoned cryptocurrency whale, active since 2017, has made a significant move in the Binance Coin (BNB) market after an 11-month hiatus. On September 17, 2023, this OG address withdrew 26,150.997 BN...

Crypto Market Sees $176 Million Inflows As Ethereum Leads The Charge
According to the latest report from CoinShares, digital asset investment products experienced net inflows of $176 million last week, as investors took advantage of recent price dips to increase their ...

Ethereum Profitability Drops To 66% As Market Downturn Hits Holders
The recent market downturn has taken a toll on Ethereum, leaving only 66% of addresses in profit, a significant drop reminiscent of October 2023, when Ethereum was trading around $1,800. This decline ...

Grayscale unveils MakerDAO-focused trust, enhancing DeFi access for investors
Grayscale has launched a crypto investment trust fund for MakerDAO, according to an Aug. 13 statement shared with CryptoSlate. This fund, named the Grayscale MakerDAO Trust, will give investors direct...

Polymarket betting markets return 455% on Trump’s interview with Musk
Polymarket betting markets have surged with activity centered around Donald Trump’s return to the social media platform X, formerly Twitter. These markets allow participants to wager on various outc...

Bitcoin makes DeFi leap with Tap Protocol’s native swap innovation
Tap Protocol has achieved a major milestone by executing the first Bitcoin-native swap directly on Bitcoin Layer 1, according to an Aug. 13 statement shared with CryptoSlate. This breakthrough is a la...

Binance US and CoinMarketCap face renewed class-action in alleged Hex token manipulation
A US appeals court has partially overturned the dismissal of a class-action lawsuit against Binance.US, the United States subsidiary of the global Binance exchange, according to an Aug. 12 court filin...

Metaplanet buys additional 57.1 BTC in pursuit of Asia’s top Bitcoin firm title
Japan-based Bitcoin investment firm Metaplanet said it purchased 57.1 BTC for 500 million yen, equivalent to $3.3 million, according to an Aug. 13 statement. This purchase bolsters the company’s Bit...

Analysts debate ETF influence on Bitcoin suggesting $20k price without $17 billion inflows
Quick Take Bitcoin ETFs have garnered significant attention in 2024, amassing over $17 billion in net inflows. Senior Bl...

Ro Khanna hints at ‘positive’ Democrat crypto regulation update after high-profile meetings
Pro-Bitcoin Democrat House Representative and lawyer Ro Khanna expects the Biden administration to release a crypto regulation roadmap “in the coming weeks” following recent discussions between th...

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November