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
Deputy Treasury Secretary of the United States, Adewale Adeyemo, emphasized the need for expanded authority for his department during an appearance before the Senate Banking Committee on April 9. At a hearing focused on thwarting illicit finance, terrorism funding, and sanctions evasion using cryptocurrencies, Adeyemo presented three suggested reforms to strengthen U.S. enforcement actions against … Read more
Historical design shown by the MVRV ratio, led ETH to bounce. While traders booked some profits, the OI indicated that more was close. On April 8th, Ethereum [ETH] bucked the trend of being considered a sluggish performer in this market cycle. Its market value surged by more than 9%, reaching a staggering $440 billion. In … Read more