Bitcoin’s network hash rate has entered a prolonged decline, marking what one industry executive calls the first “hash-rate bear market” in the cryptocurrency’s history. Raphael Zagury, CEO of U.S.-listed Bitcoin accumulation firm Twenty One Capital (XXI), said the network’s computational power peaked at nearly 1.3 ZH/s late last year and has since fallen steadily, according
SHEIN, the world’s largest online fashion retailer, is making waves by launching its tokenization initiative on Solana’s blockchain. This move allows SHEIN to issue a native utility token that enhances customer engagement through rewards and payment systems. Notably, this integration could set a new benchmark for how retail giants utilize blockchain technology in their operations,
An anonymous Bitcoin whale address, beginning with 1279iP, appears to have sold 95 $BTC — worth approximately $7.32 million — through an over-the-counter (OTC) trade roughly two hours ago, according to blockchain tracking platform Onchain Lens. The transaction comes as Bitcoin trades at $77,564.92, down 1.6% over the last 24 hours, per CoinMarketCap data. What
Standard Chartered estimated in January that stablecoins could pull about $500 billion from US bank deposits by the end of 2028. Regional banks looked especially exposed given how much they depend on the spread between what they pay depositors and what they earn on loans. Now, 21 major financial institutions, including Bank of America, Citi,
Over the past ten days, there has been over $1.2 billion in net selling, popular crypto analyst Maartuun observed. Binance’s Net Taker Volume showed Bitcoin holding near $78k despite sustained selling pressure. Source: CryptoQuant As long as the $76k level holds, it would indicate supply absorption, the analyst concluded. Bitcoin bulls’ resolve will likely be
Remixpoint, a publicly traded cryptocurrency in Japan, announced it has sold all of its altcoin holdings to diversify its investment portfolio. The company stated that it will focus its future investments and operations solely on Bitcoin ($BTC). According to an announcement made by Remixpoint on September 2nd, the company decided to reduce the assets in
DeFi Technologies reached its Sept. 1 Nasdaq minimum-bid deadline after its US-listed DEFT shares closed Aug. 31 at $0.6032, making it impossible to complete the required 10-business-day streak at or above $1. The threshold miss moves the company into an eligibility review, with either a second compliance window or a written delisting determination as the
The number of tokenized stock holders more than doubled in the month of August with data from Token Terminal showing that 928.4K new holders were added in the month. This is a growth of around 120% from the previous month where the holder count was sitting at roughly 771K. One month added more holders than