The amount of Bitcoin leaving the Grayscale Bitcoin Trust (GBTC) has reached a fresh low, dropping nearly 90% compared to the previous day. This decrease occurred simultaneously with Bitcoin’s price bouncing back following the release of new US inflation figures, causing market turbulence. On April 10, there was a withdrawal of approximately $17.5 million from … Read more
Last year, Binance marked a significant milestone with a historic $4.3 billion settlement with US authorities. According to Catherine Chen, the exchange’s head of institutional and VIP clients, this event signified a new chapter for Binance as they embrace the approaching regulatory wave. Binance entered into an agreement as part of its settlement that involved … Read more
Whale transactions have risen significantly over the last few weeks Steady accumulation supported MKR’s price, with the same hiking by 36% in a month Institutional investors have taken notice of MKR, the token that governs the popular stablecoin lending platform MakerDAO. MKR accumulation on the rise Based on data from the monitoring platform Spot On … Read more
Paraguayan senators have put a hold on the advancement of the recent proposal to prohibit cryptocurrency mining. Now, government officials are reconsidering the possibility of letting miners buy surplus energy from Itaipu hydroelectric power plant instead of selling it to Brazil and Argentina as before. In a Senate session on April 10, Senator Lilian Samaniego … Read more
Bitcoin’s price hike has pushed spot trading volume to multi-year highs Market has seen an influx of new investors this year too The price surge of Bitcoin (BTC), starting from October 2023, has driven its trading volume to reach levels last seen during the bull market in 2020-2021, based on data from Glassnode. Based on … Read more
According to Grayscale’s research head Zach Pandl, assets that hold value over time, like Bitcoin (BTC), will remain in demand due to the US government’s persistent overspending and maintained high-interest rates. In simpler terms, Pandl told CryptoMoon that they believe high and continuous inflation as well as unmanageable government budget deficits will lead people to … Read more