On a day when Bitcoin’s price dipped under $63,000, dedicated Bitcoin investors bought an impressive amount – around $1.7 billion – and deposited it into “storage” wallets. Approximately 27,700 Bitcoins, equal to around $1.75 billion based on current market values, were transferred to Bitcoin wallets used for long-term storage during the span of one day … Read more
On Friday, the cost of Bitcoin (BTC) dipped under its significant $60,000 threshold once more. This decline occurred in a short span of two hours and amounted to a 5.44% decrease, fueled by intensifying geopolitical conflicts in the Middle East. On the 19th of April, Bitcoin’s value momentarily dropped to $59,698 before bouncing back up … Read more
In the opening quarters of this year, the total value locked in decentralized finance experienced a near-doubling increase compared to the last three months, as per recent studies. This growth can be attributed in part to Ethereum’s liquid staking initiatives. The total value locked in Decentralized Finance (DeFi) saw a significant jump from a low … Read more
Over the past 24 hours, Degen Chain, a novel Ethereum layer-3 network, has processed the most transactions per second within the Ethereum community. According to L2BEAT, Degen’s transaction processing speed (TPS) rose by 62% in the last day, reaching a new high of 35.7 transactions per second (TPS). This surpasses the base blockchain’s TPS of … Read more
Ethereum’s blockchain network is projected to generate approximately $1 billion in annual earnings, following a profitable Q1 with revenues amounting to $365 million. This success is coupled with a substantial increase of 155% compared to the same quarter last year. According to a report by The DeFI Report’s analyst Michael Nadeau released on April 17, … Read more
Shiba Inu’s key technical indicator has suggested the possibility of a future decline. The coin’s price remains at risk of significant price swings. On a weekly chart, the Parabolic SAR indicator for Shiba Inu’s SHIB suggested the potential for a prolonged downtrend. The Parabolic SAR (Stop and Reversal) indicator helps determine the trend and possible … Read more