AI, data services, and staking tokens lead market recovery this week
Tokens related to staking services, artificial intelligence (AI), and data services outperformed Bitcoin (BTC) and Ethereum (ETH) during the recent recover in the crypto market…
Category: Crypto Slate
Bitcoin surges past $63k as Robert F. Kennedy Jr. withdraws and endorses Trump
US presidential candidate Robert F. Kennedy Jr. announced his decision to withdraw from the 2024 presidential race and endorse former President Donald Trump during a…
Bitcoin’s short-term holder supply nears 2019 lows, hints at market consolidation
Onchain Highlights DEFINITION:The total amount of circulating supply held by short term holders. Long- and Short-Term Holder supply is defined with respect to the entity’s…
DMM Crypto explores stablecoin launch under Japan’s regulations
Japan’s DMM Group, along with its subsidiary DMM Crypto, is partnering with blockchain developer Progmat to explore the launch of a stablecoin under existing local…
WazirX to resume phased fiat withdrawals after $235M hack
India-based crypto exchange WazirX announced that it will begin a phased resumption of fiat currency withdrawals on Aug. 26, following a month-long suspension due to…
Bitcoin momentarily hit $62k following Powell’s speech on economic outlook
Quick Take Federal Reserve Chairman Jerome Powell delivered a significant speech at the ongoing Jackson Hole meeting, offering insights into the current economic landscape and…
Russia to launch crypto exchanges for global trade in Moscow and St Petersburg
Russia is reportedly exploring the establishment of two crypto exchanges to facilitate foreign economic activities, local media outlet Kommersant reported on Aug. 23. The proposed…
BTC and Ethereum demonstrate distinct hourly trends around US market hours
Quick Take A recent analysis of BTC and Ethereum returns, based on Velo data, reveals distinct hourly patterns in price behavior, particularly around US market…
China extradites mastermind behind $14 billion crypto pyramid scheme
The Chinese government announced the extradition of the mastermind behind a multi-billion-dollar crypto pyramid scheme from Thailand, according to an Aug. 23 statement. The Chinese…
Bybit emerges as dominant exchange with $2.5 billion BTC spot volume
Quick Take According to recent Glassnode data, Bybit has emerged as a leading player in the Bitcoin trading arena, particularly in spot volume, which measures…