On Friday, April 12, there were large withdrawals from the Grayscale Bitcoin ETF, GBTC, totaling over $166 million in USD and approximately 2,500 Bitcoins (BTC) from the fund’s reserves. Based on Farside Investors’ figures, over $16.2 billion has been withdrawn from GBTC since the Bitcoin ETF debuted in January. The daily withdrawals from the Grayscale … Read more
In PoS blockchains like Ethereum, the security of the network depends on the number of validators actively participating, the proportion of tokens held by them as stakes, and how those tokens are distributed among them. Restaking mechanisms encourage token holders to stake their tokens instead of keeping them idle, thereby enhancing the performance and effectiveness … Read more
Bitcoin, Ethereum, and Solana fell significant on the price charts Almost $1 billion worth of positions were liquidated in the last 24 hours In the past week, Bitcoin’s price experienced a notable increase. However, it underwent a correction over the last 24 hours, resulting in a 4.95% decrease. At present, Bitcoin is priced at $67,829.94. … Read more
TON was the least affected as its value dropped by only 4.4% Buying pressure on XRP, and TON rose on the back of Bitcoin’s correction Over the past 12 hours, the cryptocurrency market has become pessimistic, leading to significant drops in the prices of most cryptos. Notable losses were seen in XRP, Toncoin (TON), and … Read more
Coinbase, a well-known cryptocurrency exchange, is asking the US District Court to examine closely a key issue that the SEC has raised in their ongoing legal dispute. “The issue at hand in this case is clear-cut and free from factual disagreements, making it ready for prompt consideration by the court,” Coinbase stated in their filing … Read more
XRP failed to react to the development despite its fundamental deflationary impact. Demand for the token decreased but the liquidations levels suggested a price increase. RippleX, the open development platform associated with Ripple (XRP), declared that an update called ‘fixAMMOverflowOffer’ has been implemented. This change allows the Automated Market Maker (AMM) to operate effectively on … Read more