On-chain activity is slowing down, despite the movements of significant volumes. Major L1 exchanges saw an outflow of active wallets. Major L1 chains, including Solana, BNB Chain, and Ethereum, are showing a slowdown in general activity. The slowdown is marked against the last months of 2024, when enthusiasm brought on-chain users. Solana is down to
One year ago, Citron Research, the well-known short-selling firm, publicly recommended a short position on Strategy, back when it was known as MicroStrategy, while simultaneously suggesting a long position on Bitcoin. The call, which was made amid a highly volatile crypto market, has aged well. MicroStrategy’s stock has dropped 68% over the past 12 months,
Bitcoin is trading at around $84,000 after a sharp drop of 35% from recent highs of over $126,000. The move follows an early lead in the market cycle, where the asset rallied to new all-time highs ahead of the 2024 halving. Analyst Rekt Capital noted that this placed Bitcoin 260 days ahead of its usual
Michael Saylor pushed back on recent reports warning that Strategy could face billions in passive outflows if MSCI excludes the company from major equity indices. In a statement on X, Saylor said that Strategy is “not a fund, not a trust, and not a holding company.” He described the firm as a publicly traded operating
Berlin is attracting most of the funding in Germany’s blockchain industry, according to a recent report indicating investors are now concentrating on the quality of projects. The study also highlights a significant increase in funding in the space, both within Europe and around the world, with money flowing toward regulated segments of the market. Report
Hong Kong — RateX, the leading yield-trading protocol on Solana, has secured a total of $10.4 million across three funding rounds, capped by a newly completed $7 million strategic raise backed by Animoca Ventures, ECHO, GSR, Crypto.com Capital, Gate, Rzong Capital, BGX Capital, Summer Capital, and others. (Cover: Sean Hu, Founder of RateX) — The
In a stunning display of strategic foresight, Abraxas Capital has demonstrated the power of well-timed short positions by generating an incredible $269.13 million in profits during the recent cryptocurrency market downturn. This remarkable achievement, reported by Onchain Lens, showcases how sophisticated investment firms can capitalize on market volatility to deliver exceptional returns. How Did Abraxas
Bitcoin price has started to show clear signs of weakness, and the recent move back below six figures has forced a reassessment of the near-term outlook. With several important technical and on-chain levels now lost, I have recalibrated my base case so that the probability of retesting new all-time highs in the coming weeks has
The digital asset nosedived to $80K early Friday morning, but a speech by the President of the New York Fed, may have just saved bitcoin from plunging further. Bitcoin’s Lazarus Moment, Courtesy of the Fed John Williams is not a name many will recognize, but when he talks, markets listen, and often, they also react.