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August, 2024

August, 2024

OKX Delists Seven Tokens, Including SLN: Smart Layer Responds With Disappointment
OKX has announced the delisting of seven tokens: MSN, OMN, REP, EURT, IGU, PCI, and SLN. Among these, SLN has been hit particularly hard, having lost over 96% of its value since its launch. Notably, s...
Whales Are Accumulating These Cryptocurrencies: What It Means For The Market
When whales—large investors with significant holdings—start investing in a particular cryptocurrency, it often signals the asset’s potential for growth. This behavior can trigger a domino effect...
Stablecoin Inflows Surge As Investors And Institutions Buy The Dip
On August 6th, the net inflow of stablecoins to exchanges soared to nearly $1 billion, marking the highest level since April 2023. This surge comes on the heels of the market downturn on August 5th, w...
$HARRIS vs. $TRUMP: Which Token Is Favored By Smart Money And Whales?
As the race between two major presidential candidates heats up, so does the battle between their respective meme tokens, $HARRIS and $TRUMP. On Polymarket, the win rate for both candidates stands at a...
Bitcoin’s Spent Output Profit Ratio shows volatility amid post-halving corrections
Onchain Highlights DEFINITION: The Spent Output Profit Ratio (SOPR) is computed by dividing the realized value (in USD) divided by the value at creation (USD) of a spent output. Or simply: price sold ...
California’s Santa Monica city launches Bitcoin office to bolster adoption
The City of Santa Monica has officially launched a Bitcoin Office to enhance education and explore economic opportunities related to Bitcoin, further positioning itself as a leader in crypto innovatio...
PYUSD market cap rises 150% following Solana launch
PayPal USD (PYUSD) market cap leaped by 150% since its expansion to Solana on May 29, with the stablecoin’s total value now sitting at $684 million, based on DefiLlama data. Notably, the usage of P...
Winklevoss slams Harris for not showing up to virtual roundtable
Tyler Winklevoss, co-founder of the Gemini crypto exchange, expressed bewilderment over US Vice President Kamala Harris’ absence from a crucial crypto roundtable meeting held on Aug. 8. The virtual ...
Rising age bands in Bitcoin supply suggest reduction in market liquidity
Onchain Highlights DEFINITION: This chart displays an overlay of multiple Supply Last Active variants, each shown as a percentage of Circulating Supply. Supply Last Active 1+ Yrs Ago ...
Toncoin (TON) Surges by More Than 13% After Binance Rolls Out Trading Support for the Layer-1 Project
Layer-1 blockchain The Open Network (TON) is surging by more than 13% in 24 hours after suddenly gaining support from the world’s largest crypto exchange by volume. Toncoin is trading at $6.22 at ti...
Newswire > August, 2024
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