The crypto market will experience its second token unlock of over $3 billion for this year in May, according to Token Unlocks data. Token unlocks involve the gradual release of coins initially held to discourage early investors or team members from rapidly selling their large-volume holdings. This process has consistently wielded considerable influence over the …
Aevo and Pyth lead May’s $3 billion crypto token unlock wave Read More »
Quick Take While Bitcoin currently trades approximately 20% below its all-time high, the more compelling narrative unfolds within the dynamic flow of coins between short-term holders (STHs) and long-term holders (LTHs) LTHs, holding Bitcoin for over 155 days, typically accumulate during bear markets and distribute during bulls. Their supply peaked at 14.9 million BTC in …
Bitcoin market absorbs 1 million BTC in 5 months Read More »
Quick Take The highly anticipated Hong Kong exchange-traded funds (ETFs) tracking Bitcoin and Ethereum had their first trading day, and while the volume figures may have appeared underwhelming at first glance, senior Bloomberg ETF analyst Eric Balchunas explained that the debut was actually quite strong. The ETFs traded a combined 87.58 million Hong Kong dollars …
Despite initial volume concerns, Hong Kong’s crypto ETFs launch with strong assets Read More »
One of the many ways to analyze the crypto market is to compare the performance of its segments. For the sake of simplicity, leading, large-cap ecosystems like Bitcoin (BTC) and Ethereum (ETH) can be seen as a single segment of the market whose movements can be significantly different from the rest of the market. Meanwhile, …
Alts signal hits new low, hinting at a potential altcoin rally Read More »
Web3 startup Matera successfully raised $3.6 million to build a platform to solve the monetization challenge prevalent in the creator economy, according to a press release shared with CryptoSlate. The funding round included several notable names like Sidedoor Ventures, HighCass Crypto, Medusa Ventures, The Sandbox, and Saxon Partners. DeFi for creators Matera’s mission involves integrating …
Matera raises $3.6 million to boost creator economy by fusing DeFi with social media Read More »
Celsius Network burned its CEL holdings, representing the majority of the token supply, on April 30. Etherscan indicates the company burned 652.2 million CEL by sending it to a null address. The burned amount represents 94% of the previous total supply, which amounted to 692.8 million CEL, valued at roughly $83.2 million at current market …
Celsius Network burns entirety of its CEL holdings, eliminating 94% of total supply Read More »
Bitcoin (BTC) reclaimed the crucial $60,000 support level in a show of resilience after bears made an attempt to sweep the lows set in March at $59,000, based on CryptoSlate data. The flagship crypto was trading at $60,800 as of press time after falling more than 5% to roughly $59,100 on April 30 as New …
Bitcoin reclaims key support above $60,000 after attempt to sweep March lows Read More »
The Newconomics events organization has launched a new podcast, offering an in-depth look at the rapidly evolving world of blockchain, crypto, and the emerging web3 landscape. The Newconomics Podcast, hosted by Megan Carnegie and Hervé Larren, promises to deliver bi-weekly episodes that explore the future of technology and its real-world implications. Megan Carnegie, a writer, …
The US Department of Justice (DOJ) announced criminal charges against Roger Ver alongside his arrest on April 30. The DOJ charges include mail fraud, tax evasion, and filing false tax returns. The mail fraud charges are related to the delivery of forms to three IRS addresses. Ver was arrested in Spain by local law enforcement the …
Roger Ver arrested in Spain after DOJ files tax fraud charges in the US Read More »
Former Binance CEO Changpeng Zhao has been sentenced to four months in prison, according to a report from Bloomberg on April 30. Zhao said during sentencing: “I failed here … I deeply regret my failure, and I am sorry.” Zhao’s final sentence is considerably less than the three-year prison sentence prosecutors were seeking — more …
Binance founder Changpeng ‘CZ’ Zhao sentenced to 4 months in prison Read More »
