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
MANA and AXS shared similar price trajectories over the last few weeks Investigation of other metrics revealed who the crowds favoured more A more simplified version could be: In a recent analysis by Santiment on X (previously Twitter), it was brought to light that Decentraland’s [MANA] development activity significantly trails behind Axie Infinity’s [AXS]. This … Read more
The price of UNI, the token representing Decentralized Exchange Uniswap, dropped to its lowest point in over five weeks. This happened after Uniswap disclosed receiving a proposed lawsuit notice from US regulatory authorities. They are prepared to defend against this legal action. UNISwap’s announcement that they received a Wells notice from the SEC caused UNI … Read more