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August, 2024

August, 2024

Ethereum Profitability Drops To 66% Amidst Market Volatility And DeFi Challenges
Ethereum’s profitability has declined to 66%, reaching levels not seen since October 2023. This dip comes as the market navigates a complex landscape marked by mixed technical signals and ongoing ch...
Bitcoin Market Sees Return To Accumulation Amid Largest Downtrend Of The Cycle
As Bitcoin undergoes its steepest downtrend of the current cycle, investor sentiment remains notably uncertain. Despite this surface-level indecision, there are clear signs of a renewed focus on HODLi...
Understanding The Relationship Between Market Cap And Token Price: A Closer Look
Market cap and token price are fundamental indicators of a cryptocurrency’s value, yet they can behave differently under various market conditions. Understanding this relationship is crucial for mak...
WazirX Hack Leaves Users In Limbo: Calls For Immediate Action Intensify
It has been 26 days since WazirX suffered a major security breach, and users are still left in the dark regarding the fate of their funds. The prolonged freeze on withdrawals has sparked widespread fr...
Cardano’s Steady Growth Amidst Market Shifts: What’s Next?
Over the past year, Cardano has maintained a steady number of addresses with a balance, hovering around 4.45 million. While the last market cycle saw Cardano rise as a strong alternative to Ethereum, ...
TON Blockchain Sees Explosive Growth, Surpassing 39.5 Million Addresses
The TON Blockchain has witnessed remarkable growth this year, expanding from 3.6 million addresses with a balance on January 1st to over 39.5 million today. This surge underscores the increasing adopt...
Pendle Finance Ecosystem Fund Transfers 600,000 PENDLE To Binance Amidst Strategic Moves
Pendle Finance’s Ecosystem Fund has made another significant transfer, depositing 600,000 PENDLE tokens, valued at $1.64 million, to Binance. This move is part of a broader trend in 2024, where the ...
Symbiotic Achieves Explosive TVL Growth In First Two Months
SymbioticFi has made a remarkable impact on the restaking market since its launch, achieving impressive Total Value Locked (TVL) milestones within a short span. In just 24 hours after going live on Ju...
Ethereum’s funding rates and price decline point to bearish shift
Onchain Highlights DEFINITION:The average funding rate (in %) set by exchanges for perpetual futures contracts. When the rate is positive, long positions periodically pay short positions. Conversely, ...
Binance ends Brazil dispute with $1.76 million settlement over derivatives
Crypto exchange Binance has agreed to pay Brazilian regulators $1.76 million to settle allegations of unlicensed derivatives trading in the country. The settlement with the Comissão de Valores Mobili...
Newswire > August, 2024
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