Blockchain

Data suggested that net exchange flows have risen for Bitcoin. However, bearish sentiment against BTC rose. Bitcoin [BTC] has been having quite a rally over the past three months as its prices soared materially. Due to the excitement around BTC, the net exchange flow for Bitcoin has also increased in this period. Is your portfolio

ETH supply continued to decline at a fast pace. The number of new ETH 2.0 deposits has not reached January and February highs. With about two weeks left until the Shanghai-Capella hard fork, Ethereum’s [ETH] supply has continued to diminish. According to Delphi Digital, the altcoin’s supply has fallen off by 70,000 ETH since it

XRP’s social dominance increased sharply, but a few XRPL metrics were declining.  XRP’s on-chain metrics looked bullish, suggesting a further price uptick. Santiment’s latest tweet revealed that Ripple’s [XRP] social dominance has skyrocketed, reflecting its popularity in the crypto space. The credit for this surge can be given to XRP’s price action, as it registered

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The H4 market structure was bearish. A drop below $0.57 will likely see another leg downward for MANA. In a previous report, it was highlighted that the market structure of MANA was bearish on

Ripple’s [XRP] performance has been subdued since the U.S. Securities and Commission [SEC] lawsuit in 2020. In fact, since the case, Bitcoin’s [BTC] subsequent price rallies haven’t pumped XRP like other altcoins.  However, XRP outperformed BTC on weekly charts at press time, rallying 15% compared to BTC’s 5%, according to CoinMarketCap. The impressive performance was

Cardano posted its weekly development report, highlighting the efforts made by its developers.  ADA’s price registered gains last week, but in the last 24 hours, it went down.  Cardano [ADA] has been putting much effort into scaling the blockchain of late. Cardano’s roadmap mentioned its fourth era, named BASHO. This was an era of optimization that

Binance announced the suspension of its spot trading as soon as a bug was detected. Other activities remain the same as BNB dips on a two-hour timeframe. Binance announced the temporary suspension of spot trading on 24 March in a surprise move. However, hope flickered back to life when Changpeng Zhao (CZ) emerged to reassure

Chainalysis recently revealed that crypto scammers adapted to the crypto winter by switching tactics. Scammers moved away from investment scams and employed romance and giveaway scams after Terra’s collapse. Blockchain analytics firm Chainalysis recently hosted a webinar that inspected crime trends in the crypto market during the crypto winter. The data gathered by Chainalysis revealed

Nigeria witnessing increased CBDC adoption nearly 18 months after launching its national CBDC amid an acute cash crisis. The value of eNaira transactions has increased to 22 billion nairas ($47.7 million). Nigeria is witnessing an increased Central Bank Digital Currency [CBDC] adoption nearly 18 months after launching as national fiat reserves face shortage. The central

CryptoPunks’ market share rose to 8.63% while BAYC dipped below 8%. Wrapped CryptoPunks accounted for over 25% of the total NFT sales. The Non-Fungible Token [NFT] landscape, like other crypto verticals, faced its share of downsides following the USD Coin [USDC] depegging saga. The focus has now shifted to the ensuing battle unfolding between blue

Lido’s TVL has touched $10 billion ahead of the Shanghai Capella Upgrade on the Ethereum mainnet. LDO sees a drop in buying pressure.  In anticipation of the Shanghai Capella Upgrade on Ethereum mainnet in April 2023, liquid staking platform Lido Finance [LDO]  has witnessed a significant increase in its total value locked (TVL) as Eher

Solana’s NFT sales volume declined, but transactions per program increased. TVL and token value increased last week, but a few metrics were bearish.  Solana Mobile recently made a major announcement that can have a potential impact on the Solana [SOL] ecosystem. As per the announcement, the full Saga product design files became open source.  Big

Aptos’ TVL has notably reduced despite high expectations. The project has performed well with respect to NFTs and token value. When Aptos’ [APT] Mainnet went live on 17 October 2022, there was an array of excitement in the crypto community. At the time, the ecosystem was battling with several downsides but the project’s offer to

Interest in LSD declines, Lido protocol sees some turbulence LDO prices surge, however, metrics projected a pessimistic outlook The larger staked ETH market has started to reflect regulatory concerns, according to new data. Over the past few weeks, the overall amount of ETH staked through liquid staking derivatives has declined too. Read LDO’s Price Prediction

U.S. government is arguing that $1 billion transaction made by Binance.US to purchase assets of Voyager should be placed on hold In order to file an appeal, a two-week delay on the court’s approval has been requested The plan by insolvent lender Voyager Digital to sell its digital assets to cryptocurrency exchange Binance.US includes a

Bitcoin now seeing renewed interest, however, new investors could lose out Inscriptions have also contributed to the hike in interest in BTC Because of the Silvergate and SVB (Silicon Valley Bank) saga, many investors have lost faith in traditional banking systems. In fact, due to the aforementioned, there has been a new wave of sustained