Bitcoin ($BTC) is going through a significant drop in accumulation levels. Particularly, the $BTC accumulation is waning irrespective of the heightened price levels. As per the data from Glassnode, Bitcoin’s Accumulation Trend Score is declining to a great extent, indicating a minimized buying pressure posed by large cohorts. Hence, this muted accumulation highlights the risk
Bitcoin fell to $108,000 on Thursday, dropping 3.6% in 24 hours, and nearly 7% for the week, according to data from CoinGecko. The decline triggered widespread losses across crypto markets, sending Ethereum down 8% to $3,887 and bringing Ether’s four-week loss to 23%. The sell-off came with a spike in liquidations, wiping out more than
Leading economic policymakers who have marked the last 35 years of the US have called on the Supreme Court to protect the independence of the Fed. Eighteen signatories, including all living former Fed presidents, supported Fed member Tim Cook to continue his duties. The amicus brief warned that removing Cook before the completion of his
Base’s $5 Billion TVL Milestone — Real Growth? Coinbase’s Layer-2 blockchain, Base, has been making waves in the Ethereum scaling space, and recent data show that its ambitious goal of reaching $5 billion in total value locked (TVL) is not just hype, but a tangible reality fueled by a thriving developer community. As of September
Less than two weeks after Binance co-founder Changpeng Zhao (CZ) removed the “ex-Binance” from his social media bio and replaced it with just “Binance,” activity across the BNB Chain (BSC) ecosystem is soaring, with monthly active users (MAU) reaching their highest levels ever. Between new token launches, such as STBL and ASTER, as well as
Key Takeaways Morgan Stanley is launching a strategy to allow clients to allocate part of their portfolios to digital assets. The strategy is tailored to individual risk profiles, with typical allocations suggested at zero to a few percentage points. Morgan Stanley, a global investment bank overseeing approximately $4.8 trillion in assets, plans to launch a
According to a recent report by Fortune, cryptocurrency exchange Kraken has closed a massive $500 million funding round at a staggering $15 billion valuation. To put this massive raise into perspective, it is worth noting that the exchange raised only $27 million in venture capital funding during its first decade. IPO plans Kraken has been
Real-world asset (RWA) protocols Splyce and Chintai have launched a new product on Solana designed to give retail users access to institutional-grade tokenized securities — a move that could broaden the appeal of RWA tokenization on one of the world’s largest blockchains. The product is powered by strategy tokens, or S-Tokens, which provide retail users