TrueUSD (TUSD) stablecoin experienced wild volatility the past day as it fell below the $1 peg amid its declining supply. Data from CryptoSlate shows that the stablecoin fell to as low as $0.984 during the reporting period and has yet to regain its peg as of press time. Chainlink’s TUSD…
Coinbase Prime, the crypto platform explicitly designed for institutional investors, trusts, and high-net-worth individuals, has seen a dramatic increase in trading activity following the U.S. spot Bitcoin ETFs launch. CryptoSlate analysis identified a hot wallet at Coinbase Prime that has surged to the top of the Bitcoin inflow chart over…
Quick Take The Accumulation Trend Score, a metric that measures the relative strength of Bitcoin (BTC) accumulation by different entity wallet cohorts, has registered a significant shift. Notably, the trend score has plummeted to 0.5, the lowest level since October 2023, just prior to Bitcoin’s monumental rise from $25,000 to…
The approval of the first spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) on Jan. 10 was a significant milestone in the crypto market. However, the milestone led to even more significant volatility in Bitcoin’s price and on-chain activity. Initially, Bitcoin’s price showed a positive reaction to…
South Korean financial authorities are considering introducing specific regulatory measures for cryptocurrency mixers to curb the misuse of these protocols for money laundering by criminal organizations, local media reported on Jan. 15. The move is driven by the growing concern that mixers, originally designed for privacy protection, are increasingly exploited…
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…
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…
Over 650,000 units of staked Ethereum, valued at approximately $1.6 billion, were redeemed last week—the largest amount of redemption since the Shanghai Upgrade was completed last year. A Dune Analytics dashboard shared by Tom Wan, an analyst at 21 Shares, showed that the bankrupt crypto lender Celsius and staking service…
Wall Street giant Morgan Stanley believes the rise of Central Bank Digital Currencies (CBDCs) and digital assets like Bitcoin and stablecoins could potentially disrupt the U.S. dollar’s longstanding dominance in the global economy. The lender made the analysis in a recent report titled “Digital (De)Dollarization?” — which highlights the disproportionate…
Quick Take Bitcoin’s price underwent significant volatility in response to the spot Bitcoin ETF, according to a recent analysis. On Jan. 12, Bitcoin registered its largest one-day price drop since the FTX collapse in November 2022, plummeting by 7.5%. This event echoed the high volatility experienced during 2023, which saw…