Nvidia shares nosedive, erasing market value close to Ethereum’s entire market cap
Quick Take Nvidia shares fell by 9.5% yesterday, resulting in an approximate $253 billion loss in market value, marking the largest one-day market cap decline…
Category: Crypto Slate
Ethereum’s network revenue plunges by 99%, sparking ‘death spiral’ concerns
Ethereum’s layer-1 network has witnessed a drastic decline in revenue, plummeting by 99% since March 2024. Data from Token Terminal reveals that network revenue peaked…
Cantor Fitzgerald CEO predicts US banks to hold Bitcoin within 5 years
Cantor Fitzgerald CEO Howard Lutnick recently articulated his vision for Bitcoin’s integration into traditional finance, emphasizing its potential to become a pivotal asset in the…
Bitcoin ETFs see $287.8 million outflow, largest since May 1
Quick Take Farside data shows that Bitcoin ETFs experienced a significant outflow of $287.8 million on Sept. 3, marking the largest outflow since May 1,…
Ethereum address profitability declines as bearish trend continues
Onchain Highlights DEFINITION:The percentage of unique addresses whose funds have an average buy price that is lower than the current price. “Buy price” is here…
Grayscale unlock hindered Ethereum ETFs but inflows suggest brighter future
The US-traded spot Ethereum (ETH) exchange-traded funds (ETFs) registered $476 million in negative net flows during the first month of trading, failing to overcome the…
WazirX begins second phase of fiat withdrawals early, hackers begins moving funds
WazirX has begun the second phase of its fiat currency withdrawal process ahead of schedule on Sept. 3. The process was originally slated to begin…
FBI warns of North Korean threat to crypto, cautions against potential ETF-related attacks
The Federal Bureau of Investigation (FBI) issued a warning about North Korea’s aggressive targeting of the crypto industry on Sept. 3. The agency detailed the…
Terraform Labs moves $62.81M in BTC amid final wind-down steps
On-chain data shows that a crypto wallet linked to the bankrupt Terraform Labs moved 1,075 BTC, valued at approximately $62.81 million, to a new address…
SEC commissioner calls for specialized forms to address digital asset complexities
US Securities and Exchange Commission (SEC) Commissioner Mark T. Uyeda has urged the agency to develop specialized S-1 registration forms specifically designed for digital asset…