Embattled TrueUSD (TUSD) stablecoin attributed the asset’s recent price deviations from the $1 peg to the “community mining activities associated with Binance Launchpool,” which resulted in “short-term arbitrage opportunities.” TUSD’s value has recovered to $0.9904 as of press time after falling to as low as $0.9708 during the past day, according…

Quick Take BlackRock’s IBIT Bitcoin ETF has recently made headlines, surpassing a net inflow of $1 billion and acquiring 25,067 Bitcoin within four trading days. A deeper analysis reveals that at this acquisition rate, it would reach 592,000 BTC – an equivalent to Grayscale’s current holdings – in approximately 178…

The DYDX token, the native token of the decentralized trading platform dYdX Chain, is trading above $3 for the first time this year after the platform became the largest DEX by daily volume. Data from CoinMarketCap shows that the platform’s v4 version, based on the interchain protocol Cosmos, achieved an…

In an interview at the recent VettaFi CryptoCurrency Symposium, Jay Jacobs, U.S. Head of Thematics and Active Equity ETFs at BlackRock, highlighted the journey to launching the iShares Bitcoin Trust ETF (IBIT) and BlackRock’s longer-term view on blockchain. Development of the iShares Bitcoin Trust, he explained, stemmed from client demand…

Quick Take The fourth day of trading activity witnessed a striking upsurge in the aggregation of rolling net flows, escalating to a notable $1.2 billion, according to Eric Balchunas. This surge was primarily driven by the ‘Newborn Nine,’ a collective term for the emerging digital asset funds coined by Balchunas,…

Quick Take Bitcoin’s hash rate is currently experiencing a 6% dip from its all-time high of approximately 545 eh/s. On a 7-day moving average, it stands at around 513 eh/s. Hash Rate: (Source: Glassnode) This noticeable downturn can likely be attributed to the freezing temperatures in Texas leading to power…

Quick Take Recently, there’s been a notable surge in activities from short-term holders (STHs), defined as investors who held Bitcoin for less than 155 days. On Jan. 12, CryptoSlate reported the most significant short-term holder activity since May 2021, with $6.1 billion in Bitcoin transferred. This massive transfer is primarily…

Former U.S. President Donald Trump vowed to prevent the introduction of a Central Bank Digital Currency (CBDC) if re-elected, according to a Jan. 17 speech in New Hampshire. Trump vehemently opposed the idea of a CBDC, labeling the currency as a potential tool for government tyranny and a means for…

Two U.S. agencies announced on Jan. 16 that controversial transaction reporting rules do not apply to digital assets (ie. cryptocurrency). The Internal Revenue Service (IRS) and Department of the Treasury said: “Businesses … do not have to report the receipt of digital assets the same way as they must report…

What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! ???? You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t…