Quick Take Bitcoin’s recent surge past $47,000 is accompanied by a notable development — over 92.5% of its circulating supply is now in profit. The figure represents the percentage of existing coins whose price at their last movement was lower than the current price. Interestingly, during Bitcoin’s previous peak at…
COTI’s privacy-focused Ethereum L2 development reached a critical milestone by successfully integrating its Multi-Party Computation (MPC) protocol. Its token price surged approximately 55% following this technical achievement. MPC is a powerful cryptographic tool that allows several parties to work together on a computation using their private data without revealing that…
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The total assets under custodial accounts increased by 250% during the past four months amid the hype surrounding the spot Bitcoin exchange-traded fund (ETF), according to a Bitget report shared with CryptoSlate. What spurred the growth? Bitget attributed the surge to the broader crypto market performance and the escalating anticipation…
The National Basketball Association (NBA) should be held responsible for the alleged misconduct of its teams, according to a former official of the US Securities and Exchange Commission (SEC). On Feb. 6, a proposed class-action lawsuit was filed against the sports organization concerning its marketing partnerships with the defunct crypto…
Quick Take The rapid growth and success of Bitcoin ETFs, specifically the group termed the ‘Newborn Nine,’ excluding GBTC, is reshaping the dynamics of Bitcoin holdings. In just one month since their inception, according to Bitcoin website Apollo, these ETFs have outpaced MicroStrategy by acquiring 192,000 Bitcoins compared to MicroStrategy’s…
EigenLayer, an Ethereum-based restaking protocol, has surged past Uniswap, the foremost decentralized exchange (DEX) on the Ethereum network, regarding total locked value (TVL). Data from DeFillama shows that EigenLayer has emerged as the top-performing decentralized finance (DeFi) protocol over the past month. Its TVL skyrocketed by 171% in the last…
Bitcoin surged past $46,000 for the first time since last month’s approval of multiple BTC exchange-traded fund (ETF) products by the U.S. Securities and Exchange Commission (SEC). CryptoSlate data shows that the leading cryptocurrency saw a 5% increase within the last 24 hours, peaking at nearly $46,500 as of press…
Quick Take Farside Investors data shows that Bitcoin ETFs marked a significant inflow on Feb. 8 by posting $403 million in net inflows – the highest since Jan. 17. This rally also saw Bitcoin surmount the $46,000 threshold to peak at over $46,300. The bullish trend was considerable across various…
Bakkt Holdings said in a press release on Feb. 8 that it is “confident” it will continue operating despite expressing concerns earlier over its liquidity in a regulatory filing. Bakkt wrote that “management remains confident” and intends to continue serving clients and moving toward profitability. The exchange added that its…