August, 2024

August, 2024

Binance Labs Invests In Solayer, The Fast-Rising Restaking Network On Solana
Binance Labs has announced its investment in Solayer, a rapidly growing restaking network built natively on the Solana blockchain. In just under 60 days since launching its first phase, Solayer has qu...

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 ...

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November