Data shows the Ethereum Open Interest has been trading at relatively low levels recently. Here’s what this could mean for the asset’s price. Ethereum Open Interest Has Been Moving Sideways Since Its Plunge As explained by an analyst in a CryptoQuant Quicktake post, the ETH Open Interest has followed a similar trajectory as the price…
AltLayer, a leading provider of blockchain solutions, recently announced the release of MACH AVS Actively Validated Service on the Testnet. It is a major milestone in the future of blockchain technology. The purpose of this product is to enable fast finality on the OP Mainnet and Arbitrum One networks for widely used rollup solutions. Inviting…
The latest bull market in the cryptocurrency industry seems to be underway, given that BTC has already charted a new all-time high, and the total market capitalization is close to its highest figure. Moreover, the fourth halving is anticipated to take place in about two weeks, and history shows that the event tends to serve…
United States prosecutors have filed charges against a Nebraska man accused of a cryptojacking scheme that allegedly defrauded two cloud providers – one headquartered in Seattle and the other in Redmond, Washington – of $3.5 million. Prosecutors allege that the cryptojacking scheme yielded cryptocurrency mining valued at almost $1 million. Cryptojacker Charged in $3.5 Million…
Starting with the US dollar, recent indicators from the Philly Fed manufacturing survey have bolstered confidence, reinforcing the Federal Reserve’s cautious approach to monetary policy. However, apprehensions persist regarding the sustainability of this momentum amid escalating geopolitical risks. Notably, the surge in crude oil prices by 2% underscores the market’s sensitivity to geopolitical developments. Fiscal…
In the crypto market, new projects pop up daily and old ones are often left in the dust. That’s what we see now with veteran altcoins like Ripple (XRP) and Cardano (ADA). They are now being passed over for lesser-known tokens such as Pullix (PLX). Many market analysts hint that this rookie could become the…
Amidst a rather quiet altcoin market, Akash Network (AKT) has emerged as today’s standout performer among the top 100 cryptocurrencies by market capitalization, recording a significant 46% increase in price over the past 24 hours. This surge has propelled AKT to the forefront, well ahead of its peers such as Core (CORE) and Arweave (AR),…
The unwavering support of Dogecoin (DOGE) by tech billionaire Elon Musk has helped the meme coin remain among the top ten most valuable digital assets. On-chain data shows some DOGE whales have been offloading their holdings to short-term holders who are likely to trade off with new and shiny meme coins. Dogecoin (DOGE) remains the…
Meme coins have been at the forefront of the 2024 bull run, with many surging by double-triple-quadruple digits in the past few months. However, that trend changed in mid-March when the crypto market’s run was halted, and many retraced hard. Another change seems to be on the horizon, this time in a more positive manner,…
On-chain data shows the new whale entrants in the Bitcoin market now hold almost twice as much as the veterans. Here’s what could be behind this shift. Bitcoin Newbie Whale Holdings Have Been Rapidly Growing Recently In a new post on X, CryptoQuant founder and CEO Ki Young Ju has discussed about how the holdings…