TON flipped ADA to become the ninth-largest asset by market cap. ADA plunged 15% in the last month, and barely recorded any noticeable increase since 2024 began. The market capitalization rankings of cryptocurrencies, with Cardano [ADA] included, were in danger of relegating it from the top 10. Another coin surpassed Cardano Telegram-associated Toncoin (TON) experienced … Read more
BTC’s price rose by 69% in Q1. However, during the same period, its blockchain witnessed a decline in activity. During the first quarter, there was a noticeable decrease in Bitcoin (BTC) network activity, according to a recent study by Messari, even as the value of its cryptocurrency coins surged. According to the Q1 2024 report … Read more
Demand for ENA increased as collateralized BTC and ETH surpassed $1.40 billion. On-chain metrics supported a price increase despite issues with USDe’s APY. ENA, the native token for the dollar savings platform called Ethena, entered the market with a strong push over the past week. The value of ENA has experienced a significant surge, rising … Read more
Every four years for the past 10 years, the Bitcoin halving has brought joy to early Bitcoin investors and anxiety to less efficient crypto miners. Although a few might quietly wish for an end to the substantial losses that have previously driven some companies into bankruptcy, the majority of miners believe: This is what sets … Read more
President Biden unveiled his budget plan for fiscal year 2025 in March, which included modifications to how federal law applies to cryptocurrencies. Three key adjustments were suggested. Some of these changes are beneficial, like applying current securities laws to digital currencies. However, there’s a less favorable proposal: imposing a unique tax on crypto mining activities. … Read more
BTC spot ETF saw an outflow of over $200 million. Exchange netflow was dominated by positive flow. After gaining regulatory approval for Bitcoin [BTC] ETFs in the United States, there has been a significant increase in Bitcoin‘s trading volume. With the price of Bitcoin looking set to surpass its previous record high, the investment in … Read more