Day: March 5, 2024

Ethereum’s Beacon Chain Hits $115B in Staked ETH

Ethereum‘s transition to a proof-of-stake (PoS) consensus mechanism has marked a significant milestone in its journey towards scalability, security, and sustainability. The Beacon Chain, Ethereum’s PoS consensus layer, now boasts more than 31.5 million ether staked, encapsulating a staggering value of $115 billion. This amount represents nearly 26% of Ethereum’s total supply, involving over 980,000 […]

Spot Ether ETF: Approval Odds in Flux

The trajectory towards the approval of spot ether ETFs in the United States has become a focal point of speculation within the crypto community, with Variant Fund’s Chief Legal Officer, Jake Chervinsky, casting a shadow of doubt over the anticipated May deadline. This skepticism emerges amidst the broader context of the Security and Exchange Commission’s […]

Stack’s On-Chain Revolution: $3M Seed Funding

Stack, an innovative startup focusing on developing on-chain points infrastructure, has successfully secured $3 million in seed funding. This financial milestone, spearheaded by the venture firm Archetype, not only marks a significant endorsement of Stack’s vision but also underscores the burgeoning interest in crypto-based loyalty programs and consumer engagement tools. Archetype, along with other prestigious […]

Gensler’s Crusade Continues: SEC’s Crypto Path

Gary Gensler, the formidable chairman of the United States Securities and Exchange Commission (SEC), is not showing signs of slowing down his rigorous oversight of the cryptocurrency sector. Following the SEC’s recent courtroom triumph over a Coinbase insider trading lawsuit, expectations are set for Gensler to persist in his legal endeavours to delineate the boundaries […]

USDT Nears 100 Billion Milestone

Tether (USDT), the behemoth of stablecoins, has nearly touched a historic milestone of 100 billion in circulating supply, marking an unprecedented moment in the annals of digital finance. This landmark achievement underscores the growing trust and reliance on stablecoins within the cryptocurrency ecosystem, especially amidst the fluctuating landscapes of Bitcoin and other digital assets. Currently, […]

ETF Volatility: Bitcoin’s Trading Highs and Lows

Last week, the Bitcoin ETF trading scene witnessed remarkable volatility, as trading volumes soared to unprecedented heights, accompanied by a dramatic fluctuation in net inflows. This phenomenon underscores the evolving dynamics of cryptocurrency investments, particularly within the realm of ETFs (Exchange-Traded Funds) in the United States, where investor interest continues to intensify. At the forefront […]

Bitcoin Breaks $65K: Onchain Data Insights

As Bitcoin surges past $65,000 for the first time since 2021, the cryptocurrency landscape is abuzz with anticipation and scrutiny. Onchain data, a treasure trove of insights into the workings of the digital asset market, offers a nuanced perspective on Bitcoin’s latest rally. Amidst this resurgence, a detailed analysis reveals the underlying dynamics at play, […]

Marathon Digital Shatters Bitcoin Block Record

Marathon Digital, a trailblazer in the cryptocurrency mining sector, recently unveiled its groundbreaking Slipstream service, which has achieved a monumental feat by mining the largest Bitcoin block in history, measured in raw bytes. This remarkable block, a product of Marathon Digital’s innovative approach, not only showcases the company’s prowess but also signifies a notable moment […]