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| Streamr DATAcoin 
| #DATA
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| DATA Price: | $0.023 | | Volume: | $1.0 M | | All Time High: | $0.31 | | Market Cap: | — |
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| Circulating Supply: | — |
| Exchanges: | 10
| | Total Supply: | 1,018,085,652 |
| Markets: | 16
| | Max Supply: | — |
| Pairs: | 29
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The price of #DATA today is $0.023 USD.
The lowest DATA price for this period was $0, the highest was $0.023, and the current live price for one DATA coin is $0.02278.
The all-time high DATA coin price was $0.31.
Use our custom price calculator to see the hypothetical price of DATA with market cap of BTC or other crypto coins. |
The code for Streamr DATAcoin crypto currency is #DATA.
Streamr DATAcoin is 5.9 years old. |
The current market capitalization for Streamr DATAcoin is not available at this time.
Streamr DATAcoin is ranking downwards to #6394 out of all coins, by market cap (and other factors). |
There is a big daily trading volume on #DATA.
Today's 24-hour trading volume across all exchanges for Streamr DATAcoin is $1,045,780. |
| The total supply of DATA is 1,018,085,652 coins. |
| Note that there are multiple coins that share the code #DATA, and you can view them on our DATA disambiguation page. |
 | Bitcoin Mining Now Most Sustainably-Powered Global Industry: Data
Data shows that the Bitcoin mining sector has become the most sustainably-powered global industry, as more than 50% of it uses clean energy.
Majority Of Bitcoin Mining Industry Uses Clean Energy Sources
One of the main criticisms against BTC is that the sector uses a considerable amount of energy and, thus, releases a notable amount of emissions.
Things appear to be developing for the better and quite fast. In a new post on X, the co-founder of CH4Capital, Daniel Batten, has shared a few charts that look into the sustainability of the BTC network and how it compares with other sectors.
The first chart displays the trend in the percentage of sustainable energy used by Bitcoin mining and other industries over the last four years.
As shown in the above chart, most industries have seen minimal growth in using sustainable energy during this period. The Banking Sector, the second largest in terms of clean energy usage, saw a rise of 2.6%.
On the other hand, the Bitcoin mining sector has observed an increase of a whopping 38%, which has taken the share of sustainable energy powering the blockchain to 52.6%. This growth has naturally made BTC mining the most sustainable among these global industries.
An even more interesting chart is this one that compares the emissions of the network (in terms of megatons of CO2 emitted) with the various indicators related to the blockchain's growth.
Three Bitcoin metrics are being considered here: the mining hashrate, the price, and the total ...
|  | Bitcoin, Ethereum Technical Analysis: BTC, ETH Rebound Ahead of US Consu...
Bitcoin rebounded from a multi-week low on Tuesday, as markets awaited the latest consumer confidence report in the United States. The latest figures from the Conference Board are expected to show a slight decline, with a reading of 105.9 in September. This will be down from 106.1 the month prior.Bitcoin
Bitcoin was back in the green on Tuesday, as its price rebounded from a multi-week low during yesterday's session.
BTC/USD peaked at $26,421.51 earlier today, which comes following a low of $26,011.47 the day prior.
Monday's low saw the world's largest cryptocurrency trade at its weakest point since September 13, after dropping below $25,800.
From the chart, it appears that the rebound in price came as a result of the relative strength index (RSI), finding a floor of its own at 45.00.
As of writing this, price strength is now tracking at 45.84, with the next visible point of resistance at the 55.00 mark.
Should bulls reach the 55.00 level, there is a strong possibility that BTC will move close to the $27,000 zone.
Ethereum
Ethereum (ETH) also rose higher on Tuesday, after dropping to a key point of support to start the week.
Following a low of $1,565.03 on Monday, ethereum rallied to an intraday high at $1,598.10 less than 24 hours later.
Not only did ETH bulls reject a breakout below a floor at $1,565, but also used this as a point of reentry, buying the dip in price.
Similar to bitcoin above, the surge came as a floor of the RSI also held firm, acting as a springboard fo...
|  | Here's How Much BTC, ETH, and Stablecoins Are Held by North Korea's Laza...
Data collated by 21.co, the parent company of the world's largest issuer of cryptocurrency exchange-traded products, 21Shares, revealed that the notorious North Korean hacking group Lazarus currently holds more than $47 million worth of crypto assets in its wallets.
According to 21.co's dashboard on Dune Analytics, Lazarus Group holds several digital assets, including bitcoin (BTC), ether (ETH), Binance Coin (BNB), Binance USD (BUSD), and Aave (AAVE).
Lazarus Group Holds $47M in Crypto
Most of Lazarus' holdings are in BTC, with a significant portion in ETH and BNB. The infamous group allocated roughly 92% of its balance to BTC, holding $42.52 million of the leading crypto asset. Around 4% of the group's holdings account for $1.91 million in ETH, while BNB and BUSD are worth $1.05 million and $640,000, respectively. AAVE has the smallest allocation, with 0.13%, amounting to $61,000.
The Lazarus group is believed to attack crypto entities on behalf of the North Korean government. The U.S. Federal Bureau of Investigation and Office of Foreign Assets Control have identified and are tracking 295 wallets belonging to the cybercrime unit.
21.co noted that the known balance is a lower bound estimate of Lazarus' crypto holdings based on publicly available data, as the group may have executed unknown hacks against crypto platforms.
Over time, Lazarus has spread its balance across various blockchains, including Avalanche, BNB Chain, Polygon, Arbitrum, Ethereum, and Bitcoin. The group's ...
|  | Study: Sub-Saharan Africa's Bitcoin Transaction Volume Number One Global...
Despite accounting for just 2.3% of global transaction volume, the latest data shows that crypto has penetrated key markets in Sub-Saharan Africa and 'become an important part of many residents' day-to-day lives.' With a regional volume of 9.3%, Sub-Saharan Africa's BTC share outranks all regions including North America (9.0%) and Eastern Europe (8.2%).Nigeria Epitomizes Sub-Saharan Africa's Crypto Penetration
While the Sub-Saharan Africa region is reported to have accounted for 2.3% of global transaction volume, a closer look at the latest data shows that 'crypto has penetrated key markets and become an important part of many residents' day-to-day lives.' As the excerpt from Chainalysis' upcoming Geography Report shows, no country from this region best exemplifies how crypto has become part of everyday life than Nigeria.
With transaction volumes of just under $60 billion between July 2022 and June 2023, Nigeria is Sub-Saharan Africa's largest crypto market by a distance. For perspective, the region's total volumes during the same period were $117.1 billion. The data shows that Nigeria accounted for nearly half of the region's total transaction volume in that period.
South Africa, whose traded volumes surpassed the $20 billion mark during the same period, is home to the Sub-Saharan Africa region's second-largest crypto market. Kenya, Mauritius and Ghana, which are ranked third, fourth, and fifth, respectively, complete the region's top five.
Meanwhile, the Chainalysis data ...
|  | Bitcoin Logs Unprecedented 703,000 Transactions in Single Day: Data
Bitcoin witnessed an extraordinary surge in transaction volume in the past week, coinciding with a mild increase in its price, which broke away from a constrained trajectory.
According to recent data by IntoTheBlock, the number of reported transactions for Bitcoin rose to nearly 703,000, representing the largest number recorded not just in 2023 but also the highest transaction volume witnessed in nearly two years.
Notably, the surge in transactions came amidst Bitcoin reaching the $27,000 price level this week.
Historic Milestone: Bitcoin processed a record-breaking 703K transactions on Friday.
https://t.co/n7lvDvAgct pic.twitter.com/TTw7zI1AAE
— IntoTheBlock (@intotheblock) September 18, 2023
Interestingly, the network also witnessed a surge in terms of daily active addresses. Data from Bitinforcharts revealed that the daily active addresses hit a multi-month high, rising from 754,000 two years ago to a whopping 1.08 million on September 15th.
Interestingly, Ethereum briefly surpassed Bitcoin in terms of daily active addresses a day prior.
Despite this increase in on-chain activity, Bitcoin's trading volume has maintained a relatively consistent level.
Such a trend observation could potentially indicate that the heightened on-chain activities may not have translated into substantial trading actions.
Furthermore, the growing outflow of BTC from exchanges indicates a rising trend of holding and potentially making long-term investments in Bitcoin in the market over t...
|  | Blockchain Data Visualization Startup Bubblemaps Secures $3.2M in Seed F...
Paris-based Bubblemaps, a firm specializing in blockchain data visualization, announced on Monday that it had secured $3.2 million in seed funding from a group of investors. Bubblemaps stated that the newly acquired funds would be directed toward a mission to increase access to blockchain data, serving both individuals and institutions.Bubblemaps Raises $3.2M to Boost Blockchain Data Access
Bubblemaps secured $3.2 million in a seed funding round, with INCE Capital leading the investment effort. Other contributors to the fundraising initiative included Cronos Chain, Avalanche, V3ntures, Momentum 6, Lbank, Stake Capital, and others.
'We've successfully raised €3M to accelerate blockchain data innovation,' announced Bubblemaps on the social media platform X.
The platform offers users vibrant bubble visualizations linked to onchain data for blockchains, decentralized finance (defi), and non-fungible tokens (NFTs). Bubblemaps dubs the platform the 'first supply auditing tool for defi tokens and NFTs.' Bubblemaps has established partnerships with various blockchain projects, including Polygon, Fantom, Cronos, BNB, Arbitrum, and Avalanche.
In the past two years, companies specializing in blockchain and crypto-related analytics have secured substantial investments. In August 2021, Messari raised $21 million, while just a few months earlier in May, Coin Metrics obtained $15 million. February 2022 witnessed Dune Analytics raising $69.4 million, and the preceding month, Cryptosl...
|  | Is The Bitcoin Price Rally Sustainable? On-Chain Data Provides Crucial I...
Bitcoin has been trending up since hitting a local low below $25,000 on September 11th. Yesterday's rally to $27,435 marked a 10% increase from the recent low. As NewsBTC reported, the rally was largely led by the futures market and a massive increase in open interest of over $1 billion, more than half of which was flushed out when BTC fell back below $27,000. Despite this, BTC is up around 7.5% from last week's low. A reason to be bullish?
Glassnode Report Sheds Light On Market Sentiment
According to Glassnode, the Realized HODL Ratio (RHODL) serves as a crucial market sentiment indicator. It measures the balance between investments in recently moved coins (those held for less than a week) and those in the hands of longer-term HODLers (held for 1-2 years). The RHODL Ratio for the year 2023 is flirting with the 2-year median level. While this indicates a modest influx of new investors, the momentum behind this shift remains relatively weak.
Glassnode's Accumulation Trend Score further elaborates on this trend. It shows that the current recovery rally of 2023 has been significantly influenced by investor FOMO (Fear of Missing Out), with noticeable accumulation patterns around local price tops exceeding $30,000. This behavior contrasts sharply with the latter half of 2022, where newer market entrants showed resilience by accumulating Bitcoin at lower price levels.
The Realized Profit and Loss indicators also reveal a complex picture. These metrics measure the value change of ...
|  | Solana Gains 5% Despite CPI Latest Data And FTX Liquidation Approval &nd...
This is because the Fed is known to focus more on core CPI data, which provides a long-term outlook on the nation’s inflation rate.
At the time of writing, Solana trades at $18.69, with a loss of 0.29% in the last hour based on data from CoinMarketCap. Meanwhile, the token’s trading volume is up by 47.89% and is now valued at $446.52 million.
|  | Grayscale's Ethereum Fund Nears Yearly High Amid Filings for Spot Ether ...
The Grayscale Ethereum Trust (ETHE) has recorded significant gains since Cathie Wood's asset management firm ARK Invest and investment manager VanEck filed applications with the United States Securities and Exchange Commission (SEC) to launch a spot Ethereum exchange-traded fund (ETF).
According to a tweet by blockchain intelligence firm IntoTheBlock, the ETHE discount to net asset value (NAV) narrowed to 26% despite a drop in ETH price within the same period.
Following Ark’s spot ETH ETF filing, Grayscale’s ETH fund is close to its yearly highs, even while Ether itself is down over 20%.
Here's what's going on
ETHE has increased by over 140% in 2023, significantly narrowing its discount to the underlying Ether it holds
The… pic.twitter.com/PIROEgYVuT
— IntoTheBlock (@intotheblock) September 8, 2023
Grayscale's ETHE Discount Narrows
On September 6, ARK Invest moved towards launching the first spot Ether ETF in the United States. In an S-1 filed with the SEC, the asset management firm said the ARK21Shares Ethereum ETF would track the performance of ETH.
Leading American crypto exchange Coinbase would be the custodian of the product to hold all of the fund's ETH, while crypto exchange-traded products issuer 21Shares is the trust's sponsor. ARK Invest will serve as the sub-adviser of the ETF and handle the marketing of its shares.
Along with VanEck's filing, the news caused an uproar in the crypto market, with bitcoin (BTC) and ETH...
|  | Centralized Exchanges Recorded Lowest Spot and Derivatives Trading Volum...
Grayscale's victory over the SEC could be seen as a major setback for the financial regulator, which has intensified its enforcement efforts against the cryptocurrency industry. However, this landmark win did not translate into a notable increase in the accumulation of crypto assets in the spot market.
In fact, CCData's latest report disclosed that the losing streak continued in August despite minor fluctuations.
Spot Volumes Takes Hit
The total trading volume for spot and derivatives on centralized exchanges experienced an 11.5% decline, reaching $2.09 trillion in August. This marked the lowest monthly trading volume for the year, as per the data compiled by the FCA-authorized benchmark administrator.
The drop in trading activity can be attributed to price fluctuations, resulting in the most substantial long liquidation event since the FTX collapse. Moreover, last month's figure represents the second-lowest combined trading volume on centralized exchanges since October 2020.
Spot trading volume on centralized exchanges has declined for the second consecutive month, dropping by 7.78% to $475 billion, representing the lowest monthly spot trading volume seen since March 2019.
Daily trading volumes on centralized exchanges also hit $5.90 billion on August 26th, reaching their lowest point since February 7th, 2019. These persistently low trading volumes on centralized exchanges have been observed since April this year and are now on par with the sluggish trading activity witnesse...
|  | Long-Term Litecoin (LTC) Holders Count Hits 5 Million: Data
Despite a consistent drop in Litecoin's (LTC) price, the number of addresses holding the world's fifteenth-largest cryptocurrency for over 12 months has nearly doubled in the past year.
According to the crypto analytic platform IntoTheBlock, the number of long-term LTC holders has just hit five million this week, indicating 'growing confidence' in the asset.
Five million addresses maintaining LTC holdings for over a year marked a significant 96% increase from the 2.55 million addresses that held the altcoin for a year by August 2022.
Litecoin reached a major milestone this week. The number of long-term $LTC holders has just hit 5 million — signaling growing confidence in the asset.
https://t.co/rG2UOkZLc5 pic.twitter.com/5uH0eVMpYb
— IntoTheBlock (@intotheblock) September 7, 2023
The 'HODLing' attitude from investors has been typically strong and can be evidenced by the fact that 13% of Litecoin's total supply remained untouched for five years, and market participants waited for the third halving event.
Ahead of the halving that cut miner rewards from 12.5 LTC to 6.25 LTC, Litecoin's search trend also hit a new yearly peak as social chatter around the crypto asset intensified.
While halvings are usually viewed as catalysts that could drive the native token of the network in the long term, Litecoin's price following the event, however, went south.
Since then, Litecoin has shed more than 32%, falling from $92 to the current value of $62. Nevertheless, the ...
|  | Chainlink Sharks Accumulate $9.6M Worth of LINK in 3 days: Data
Chainlink has forged several collaborations with prominent companies but on the price side of things, its native token has yet to recoup its losses. Over the past month, LINK was down by approximately 14%.
Surging past the crucial resistance level at $6 was a feat given a broad bearish market for altcoins this week, but the token could potentially be poised for more gains.
According to Santiment, the 'shark' tier of LINK investors has been amassing coins. As a result, the number of wallets holding 10K-100K LINK has surged to levels not seen in the last nine months.
Shedding more light on the latest accumulation patterns, the market intelligence platform observed that this cohort of holders has added a staggering $9.6 million worth of LINK tokens in the last three days alone.
#Chainlink's key shark tier that holds between 10K-100K $LINK has been on an accumulation spree. There are now 3,127 wallets holding this level of coins, making it the highest amount since Dec. 3, 2022. They have added $9.6M worth of $LINK in 3 days. https://t.co/X8egUJMz5k pic.twitter.com/TPYHkahdg9
— Santiment (@santimentfeed) September 7, 2023
Santiment's analysis also shows that Chainlink sharks collectively hold over 0.15% of LINK's entire circulating supply.
There has also been an increase of 98 new Chainlink wallets holding between 10K-100K LINK tokens since September 3rd, representing a growth of more than 3.2%.
The renewed accumulation among large LINK holders comes as the crypto asse...
|  | Bybit Introduces Tradegpt: AI-Powered Chatbot Offers Real-Time Crypto Ma...
Dubai's Bybit cryptocurrency exchange has unveiled an artificial intelligence (AI)-powered instrument named Tradegpt. The new chatbot can scrutinize the exchange's existing market data and offer an in-depth price evaluation by employing bitcoin's current metrics as an example. Furthermore, the Bybit chatbot can recommend apt trading approaches for that day's sessions and provide additional crypto market knowledge based on real-time Bybit market data. Bybit's Unveils New AI Tool for Real-Time Crypto Market Insights
As AI frameworks and ideas continue to expand, numerous individuals and organizations have been integrating cryptocurrency and blockchain knowledge with these extensive language models (LLMs) and advanced learning algorithms. On September 4, 2023, the cryptocurrency exchange Bybit disclosed the deployment of an AI tool named Tradegpt, a component of Bybit's AI suite called Toolsgpt.
Bybit explained on Monday that Openai's Chatgpt only possesses pertinent data up to September 2021; however, using Tradegpt, Bybit users can obtain real-time market evaluations and responses to their inquiries in several languages.
The platform is complimentary for registered Bybit users, and it states that there is a daily limit of 20 queries per user. 'Welcome to Tradegpt,' the platform says. 'Ask me anything about the crypto markets, or click on any of the topics below to get started.'
A popular sample question on the Tradegpt homepage is:
Tell me in 3 sentences in series: whether BT...
|  | Cardano's Transaction Volume up by 1,700% Since January Even as Market F...
Cardano's native token has recently undergone a notable decline in its value, with its price dropping by approximately 17% over the last month. During the same period, however, the on-chain activity has defied expectations.
According to the latest data by Santiment, Cardano's surging transaction volume is noteworthy, given the contrast with its subdued market value compared to its April peak.
ADA has witnessed a 1,700% surge in its weekly on-chain transaction volumes since late January.
Data also suggest that the ongoing discussions and engagement rates surrounding ADA indicate that trader interest in the crypto asset remained unfazed by the depreciation in its price.
'Cardano is still seeing rising #onchain transaction volume despite its suppressed market value compared to its April local top. Utility plays an important role in any bounce, and this combined with adequate $ADA social dominance, is still promising.'
Meanwhile, Cardano even surpassed several prominent projects in terms of developer activity, including the likes of Hedera, Chainlink, and Cosmos in August.
This increased level of activity is essentially indicative of a commitment to innovation and potential improvements in the network's capabilities.
On the NFT front as well, Cardano has been picking up steam as its NFT floor price skyrocketed, even briefly exceeding Ethereum, which has been a dominant ecosystem.
Meanwhile, the network holds a total value locked (TVL) of around $150 million, according to data ...
|  | France's Data Watchdog Conducts Checks at Worldcoin Office in Paris
The French body overseeing the protection of personal data has carried out “checks” at the Paris office of Worldcoin. The news of the French inspections comes amid heightened regulatory pressure on the cryptocurrency project co-founded by the current chief executive of Chatgpt developer Openai.French Data Protection Agency Visits Worldcoin Office as Part of Probe
The National Commission on Informatics and Liberty of France, known by its French abbreviation, CNIL, has carried out “checks” at the Worldcoin’s office in the country’s capital this week, Reuters reported. These come when the crypto firm finds itself under increased global regulatory scrutiny.
CNIL is France’s independent watchdog tasked to ensure that the French data privacy law is applied to the collection, storage, and use of personal data. In July, it said it was investigating Worldcoin for what it describe as the “questionable” legality of its biometric data.
Worldcoin has been developed by a U.S.-German company called Tools for Humanity and founded in 2019 by Sam Altman, the CEO of Openai, the Microsoft-backed artificial intelligence (AI) research laboratory behind the AI-based chatbot Chatgpt.
The project has stirred controversy as it requires users to have their iris scanned in exchange for a digital ‘World ID’ and, in some jurisdictions, cryptocurrency as well. It claims this is done to authenticate people online and counter AI-facilitated v...
|  | Robhinood Holds the 5th Largest ETH Wallet Worth Over $2.5 Billion: Data
US-based investing and trading platform giant Robinhood has been identified as the owner of the fifth largest Ethereum (ETH) wallet address, accounting for the second-largest crypto holding in its portfolio after Bitcoin (BTC).
The company's wallet app recently added support for Bitcoin and Dogecoin while including an Ethereum swap feature.
Robinhood Has 1.493 Million ETH in its Cold Wallet
Data by Arkham Intelligence shows that a Robhinhood cold wallet address holds 1,493,000 ETH worth $2.54 billion based on Ethereum's current price.
The ETH stash in the cold wallet makes Robinhood the fifth largest holder of the token behind major crypto exchanges Kraken and Binance, with $2.73 billion and $3.40 billion worth of ETH, respectively.
A wrapped Ether (wETH) ETH address comes second at $5.36 billion, while the Ethereum 2.0 Beacon deposit contract is the single largest holder at over 29 million ETH valued at $49.8 billion.
Arkham's data also shows that the Robinhood wallet address has other tokens in its portfolio, such as SHIB, LINK, AVAX, BONE, AAVE, COMP, and UNI, among others, bringing the value of its total holdings to over $2.73 billion.
Robinhood was previously identified as the owner of the third largest Bitcoin wallet address, valued at more than $3 billion, just behind Binance and Bitfinex. There were initial speculations that the BTC wallet belonged to either Gemini or asset manager behemoth BlackRock.
BTC, DOGE, and ETH Swap Added to Robinhood Wallet
Robinhood users c...
|  | Bitcoin Whales, Sharks 'Handsomely Rewarded' After Grayscale's Victory A...
Long-term Bitcoin holders have proved to be highly resilient but data suggest that this cohort of market players had the inkling of a favorable outcome.
Bitcoin received a major push following the Grayscale court victory against the US Securities and Exchange Commission (SEC). However, preceding this event, there was significant accumulation amidst a period of low volatility.
Bitcoin Whales and Sharks Hodling Behavior
According to Santiment's latest analysis, BTC whales and sharks might have had some insights into the result of the Grayscale and SEC lawsuit.
Data suggest that wallets holding between 10,000 to 10,000 BTC accumulated 14,596 BTC (worth a combined total of more than $388 million) leading up to the crucial ruling.
In fact, BTC sharks and whales had the biggest accumulation jump of the summer right before the bullish ETF news. This cohort of BTC investors was 'handsomely rewarded' following the market recovery that prompted Bitcoin to surge by over 6% to just over $28,000.
Whales & sharks may have known a thing or two about the outcome of the #Grayscale and #SEC lawsuit, with 10-10K $BTC wallets accumulating a collective $388.3M in $BTC the day leading up to the news. They were handsomely rewarded with a +6% price jump. https://t.co/j28CwVYKS6 pic.twitter.com/cx5rRuS6IV
— Santiment (@santimentfeed) August 30, 2023
This aligns with the fact that nearly 30,000 BTC were sent to crypto exchanges during the same period, which effectively increased the exchange ...
|  | Nearly 30K Bitcoins Transferred to Crypto Exchanges Ahead of Grayscale W...
After weeks of sluggish price movement, the cryptocurrency market breathed a sigh of relief owing to Grayscale's significant victory against the US Securities and Exchange Commission (SEC). Bitcoin rallied to $28k before settling near $27.4k, while altcoins followed suit.
Even though the US court ruled in favor of the crypto asset manager on August 29th, traders might have foreseen the potential price surge and taken proactive measures by moving coins to exchanges in anticipation of this development.
Boost in Bitcoin Supply on Exchanges
Popular on-chain analyst Ali Martinez was the first to reveal that nearly 30,000 BTC were sent to crypto exchanges ahead of Grayscale's triumph over the SEC. This effectively boosted the exchange supply from 1.13 million to 1.16 million BTC.
Signs of #Bitcoin manipulation? Check this out!
Just before #Grayscale legal victory against @SECGov, around 30,000 #BTC were sent to #crypto exchanges — boosting exchange supply from 1.13 million to 1.16 million $BTC. pic.twitter.com/j8xgoAzLrs
— Ali (@ali_charts) August 29, 2023
In response to the analysis, Santiment also highlighted a substantial increase in the supply of Bitcoin on exchanges leading up to the fact. In the latest tweet, the crypto analytic company noted,
'The exchange supply of bitcoin was boosted significantly just prior to Grayscale's win over the SEC. It looks quite clear that the powers that be knew of the inevitable boost in crypto market capitalization as a result of...
|  | No Concerning Sign for Ethereum Amid ETH's Price Surge Beyond $1,700: Da...
2022's bloodbath and the subsequent market corrections, especially the sell-off in August, intensified Ether's downside pressure. The world's largest altcoin had plunged to $1,580. Multiple attempts to break above the $1,700 level failed as Ether settled near $1,644 before it finally shot up above the former yesterday.
However, the data suggests that the asset is still viable, regardless of where its current value sits.
Opportunity for Ether?
Ether's on-chain transaction and trading volumes experienced a notable decline following their peak in early November of the previous year. This trend suggests a lack of enthusiasm among the crowd, occurring during a period when numerous traders are grappling with the valuation around $1,650, where it had settled until yesterday - unsure whether it is overvalued or undervalued.
According to Santiment's latest analysis, there has been considerable psychological support around the $1,500 mark. If ETH were to reach this threshold, there could be a substantial surge in volume.
Santiment also pointed to a 4-month-long dump in supply from addresses holding between 10 and 10,000 ETH. This cohort of investors accumulated significantly at the end of last year before switching to profit-taking mode as Ether hit around a 1-year high of $2,120.
The crypto analytic platform said that the 'prices can still rise as they take profit, and their holdings are far from a perfect correlation.' It further added,
'There are some things to be optimistic ab...
|  | 1inch Wallet Acquires $10 Million Worth of ETH: Data
The 1inch Investment Fund's crypto wallet has made a substantial purchase of Ether.
Lookonchain - the popular blockchain analysis platform - highlighted the transactions and revealed that the wallet acquired 6,088 ETH at an average price of $1,655. In doing so, the wallet associated with the DEX aggregator spent over $10 million.
Blockchain data pointed out that 1inch's wallet purchased a total of 17k ETH, worth 26.8 million, at an average price of $1,569 on three occasions - January 13, February 9, and March 14.
It then sold 11k ETH, roughly amounting to $21 million, when the price of the largest altcoin surged to $1,906 on July 5 and made a profit of $3.7 million in the process.
Currently, the wallet in question holds more than $80 million worth of crypto-assets such as USDT, UNI, USDC, DAI, etc., in addition to Ether.
The move comes just a month after completing its dollar-cost averaging (DCA) transactions during the initial months of 2023.
Ether, on the other hand, has been on a bearish streak since the second week of July. The recent market dump further extended the altcoin's downside, which has prompted considerable accumulation among retail traders.
According to a recent Glassnode alert, the retail investors - addresses holding at least 10 ETH - have been amassing the token at the current levels. As a result, this cohort just reached a 4-week high.
In addition to retail accumulation, Ether's whale activity has also spiked to its highest in 16 weeks.
Santimen...
|  | Robinhood Identified to Be Mysterious Wallet and 3rd Largest Holder of B...
Bitcoin wallet address that accumulated $3 billion worth of BTC in three months to become the 3rd largest wallet address belongs to the investing and trading platform Robinhood.
The wallet had attracted attention dividing the market observers into speculating whether it belonged to Winklevoss-led Gemini or asset management giant BlackRock. However, Arkham Intelligence data showed that Robinhood is, in fact, behind the wallet, which currently holds over $3.08 billion of Bitcoin.
The entity is now the third-largest bitcoin holder behind the cold wallets controlled by crypto exchanges Binance and Bitfinex which hold $6.4 billion and $4.3 billion worth of BTC, respectively.
It was first reported that the wallet was a new address wherein Gemini had moved some portion of its BTC holdings.
The speculation regarding BlackRock aligned with heightened enthusiasm regarding the potential for a spot Bitcoin ETF. Although no concrete evidence indicated the firm's association with the wallet, numerous individuals inferred a connection by highlighting that the largest transaction involving the address occurred on May 16.
The timing was interesting because it was one month before BlackRock submitted its application for a spot Bitcoin ETF to the Securities and Exchange Commission (SEC).
Despite the latest findings, Robinhood is yet to officially respond to the claim.
The investment platform's crypto revenue plunged by over 20% in Q2 2023 to $31 million, which was attributed in part to the com...
|  | Bitcoin Miner Revenue Shed 50% in 3 Months: Data
While Bitcoin network fundamentals such as hash rate and difficulty have reached peaks, the same cannot be said for its hash price.
The world's largest crypto's price has failed to recover, and miners are facing the brunt of it yet again. Bitcoin hash price - which can be described as the revenue generated by miners on a per tera-hash basis - has declined to levels not seen since the dramatic implosion of FTX in November 2022.
Bitcoin Miner Revenue Declines
Data from Bitinforcharts suggests that Bitcoin mining revenue dropped to $0.058 per terahash per second per day, down by over 50% since the Ordinal-driven frenzy of May when the figure surged to $0.118 per terahash per second per day.
Hash price, a.k.a miner revenue, has a positive correlation with changes to the price of Bitcoin and transaction fee volume. Meaning - the higher the price of bitcoin and/or the transaction volume, the higher the dollar-valued rewards per TH/s. On the other hand, the hash price has a negative correlation with hash rate/mining difficulty adjustments.
Miners' Woe Exacerbates
The decline in miner revenue comes days after the network difficulty hit an ATH of 55.62 trillion hashes while Bitcoin's price was stuck at around $26k. While speaking to CryptoPotato, a Bitfinex spokesperson said that miners view the current Bitcoin price to demonstrate a downward deviation in the true value of the flagship crypto.
They further added that miners could believe Bitcoin, at the current level, is fairly valued...
|  | Worldcoin Meltdown: 50% Crash Caused By Mounting Data Privacy Paranoia
The Worldcoin cryptocurrency project, led by Sam Altman, the brains behind ChatGPT, is facing increased scrutiny from regulators worldwide. The project's use of eye-ball scanning orbs for user enrollment has raised concerns about potential violations of data protection laws.
The unique method of collecting biometric data without clear consent has prompted discussions on legality and ethics. Regulatory bodies are closely examining the project's compliance with privacy regulations, highlighting the challenges of balancing innovation with legal and ethical standards.
The value of biometric investments made through Worldcoin's crypto-based 'free money' promise has decreased by half since its launch. This decline can be attributed to the growing concerns about the project's data collection and the unease it caused regulators.
Why Is Worldcoin Token Crumbling? Based on information provided by CoinMarketCap, the current trading value of the WLD token stands at $1.28, at the time of writing. This figure signifies a substantial decline of 53% from its initial peak price of $2.71 on the day of the project's launch.
The day after WLD's Binance listing, on July 25, it traded for $2.456. As of Friday morning, the token's price had decreased from that time to $1.317. That represents a 44% decline in the previous 30 days, and if it keeps going in the wrong direction, WLD's price will go to single digits in the next 30 days.
Ongoing investigations by authorities in various countries around t...
|  | US Dollar Dominance in Global Payments Strengthens, SWIFT Data Shows
The U.S. dollar’s dominance in global payments has strengthened, according to data compiled by global financial messaging service SWIFT. The share of SWIFT FX transactions involving the U.S. dollar rose to a record 46% in July. In addition, the share of the transactions involving the Chinese yuan has increased.SWIFT Data Indicates US Dollar Dominance
The dominance of the U.S. dollar in international payments has reached a record high, according to the latest transaction data from the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the leading global financial messaging service. SWIFT's messaging platform, products, and services connect more than 11,000 banking and securities organizations, market infrastructures, and corporate customers in more than 200 countries and territories.
The data shows that the share of SWIFT FX transactions involving the U.S. dollar rose to a record 46% in July, compared to slightly more than one-third a decade ago, Bloomberg reported this week. SWIFT compiles approximately 200 million FX confirmations annually.
The rising number of SWIFT transactions involving the U.S. dollar has largely been achieved at the expense of the euro, which reached its highest point at a 46% share in 2012. The share of the European common currency in trades subsequently hit its lowest level on record, trading slightly below a quarter.
SWIFT's data also shows a growing trend in Chinese yuan-related transactions in global foreign exchange markets...
|  | Polygon zkEVM Welcomes Managed Data Feed Service to Boost TVL Growth
The developers on Polygon zkEVM will now have access to multi-source, aggregated data feeds served directly on-chain by leading data providers.
Polygon zkEVM is all set to welcome managed data feed service, which will be introduced by blockchain oracle provider, API3. The end goal is to support the growth of TVL on the network. Besides the latest offering, API3 has already been providing first-party Oracle services to Polygon zkEVM since April this year.
New Push Oracle Service for Polygon zkEVM
According to the press release shared with CryptoPotato, the introduction of managed dAPIs on the API3 Market will enable developers to access multi-source, decentralized data feeds (dAPIs) delivered by first-party oracle nodes with native-chain aggregation.
DeFi economy's core layers include lending protocols and perpetual DEXs, which are dependent on real-time market data via oracles. But most DeFi apps still use costly push-type oracles, risking transparency and security. API3's push oracle solution, built on first-party architecture, aims to address these issues by facilitating seamless migration of DeFi protocols from other chains to Polygon zkEVM.
Such a system is expected to increase Polygon zkEVM's adoption and scaling for the next billion users while simultaneously mitigating challenges posed by current Oracle options.
Push oracles have played a pivotal role in DeFi apps such as Aave, Compound, and various DEXs. However, API3's new push oracle is being touted as a transf...
|  | Bitcoin On-Chain Data Suggests Price Is Top Heavy, What It Means
After the Bitcoin price crash last week, on-chain data reveals a picture that points to a 'top-heavy' price. Glassnode's latest insights shed light on the current market dynamics, where a significant chunk of the BTC spot supply finds itself with a cost basis either near or surpassing the prevailing price.
'Here we see that 12.8% (2.48M BTC) of the supply fell into an unrealized loss this week, setting a lower low on this metric. This suggests that 'top heaviness' in spot markets may also be a factor in play,' commented Checkmate, Glassnode's chief analyst.
Notably, Long-Term Holders (LTHs) have displayed remarkable resilience in this turbulent period. Their interaction with exchanges remains largely unaltered, with the aggregate balance of LTHs marking a new All-Time High (ATH) this week. In stark contrast, the behavior of Short-Term Holders (STHs) emerges as particularly salient.
Checkmate notes, 'With LTH supply at ATH, we can also see that STH supply remains at multi-year lows.' The data further underscores this: out of the 2.56M BTC held by STHs, a mere 300k BTC (11.7%) remains in profit, meaning that 88.3% are in loss. This needs to recover quickly, else it adds to the bear case, according to Checkmate.
Historical data indicates sharp upticks in STH supply losses following periods characterized as 'top heavy markets' – similar to the events observed in May 2021, December 2021, and once again, the last week.
Implications For Bitcoin Price
The fluctuating dynamic...
|  | Cardano NFT Floor Price Skyrockets, Exceeding Ethereum: Data
In recent years, the non-fungible token (NFT) space has expanded into a billion-dollar industry, with Ethereum traditionally leading the way as the dominant ecosystem. Cardano, on the other hand, faced criticism from numerous quarters, being labeled a 'ghost chain' due to its absence of a DeFi and NFT economy. However, the NFT landscape is undergoing a shift.
According to the weekly chart shared by Stocktwits NFTs, the Cardano NFT floor price index sits 22% above that of Ethereum.
The latest update by the platform demonstrated an increasing inclination towards Cardano as a hub for NFTs among market participants.
A major factor that played a crucial role in uplifting the ecosystem is the Vasil upgrade which helped Cardano to become the third-largest NFT protocol behind Ethereum and Solana last September.
Vasil aims to improve block latency speed and efficiency on the blockchain, and its completion pushed the Unique Active Wallets (UAW) on the Cardano blockchain to new heights.
On the other hand, Ethereum's dominance in the NFT space dwindled primarily because of its network congestion issues coupled with high gas fees that prompted some users to explore alternative platforms.
While Cardano NFTs floor price may have exceeded Ethereum's, the latter still commands position in terms of NFT sales volume over the last 24-hours.
In fact, data from CryptoSlam revealed that the latter's sales account for a whopping $65 million while that of Cardano's stands at $1.47 million.
The...
|  | Merkel Tree-based Proof of Reserves Data released with New Assets stUSDT...
[PRESS RELEASE - Singapore, Singapore, August 15th, 2023]
The latest Merkle tree asset proof data in August 2023 includes an update on ETH & stETH and USDT & stUSDT.
Users can view Huobi reserves in detail on the asset audit page of Huobi's official website. The available information includes reserve ratio, Huobi wallet's assets, and Huobi's user assets. Huobi will regularly conduct Proof of Reserve audits to ensure users that their assets are safeguarded.
* The screenshot is taken from Huobi's official website and users can view the reserves on this page.
The specific reserve ratios shown in this update are as follows: 102% for USDT (Huobi wallet balance: 662,404,586 USDT), 101% for BTC (Huobi wallet balance: 25,410 BTC), 104% for ETH (Huobi wallet balance: 139,523 ETH), 103% for HT (Huobi wallet balance: 191,815,856 HT), and 103% for TRX (Huobi wallet balance: 9,702,620,024 TRX). The data for USDT and ETH already includes stUSDT and stETH.
The Merkle Tree helps summarize and verify the existence and integrity of blockchain data in a timely manner. It typically contains the underlying (transaction) database of the block, the hash of the block header (the Merkle Root), and all branches along with the underlying block data to the root. The calculation of the Merkle Root for a blockchain generally involves grouping hash values of the data of that specific block and then inserting the newly generated hash into the Merkle Tree recursively until only the last root hash rema...
|  | Web3 Domain Platform Ethereum Name Service (ENS) Clocked in $235k in Dai...
Web3 decentralized domains service provider - Ethereum Name Service (ENS) - raked in $235,000 in fees on August 13. The figure is the highest since September 11, 2022.
Over the past couple of years, ENS has stood as a mainstay within the Web3 realm, enabling individuals to generate easily understandable domain names and wallet addresses for cryptocurrencies.
According to data from Arkham Intelligence's dashboard, ENS DAO (0xFe…44b7) holds more than $132.4 million in assets, including 10 million ENS (worth $90.63 million), 15,000 ETH (worth $27.72 million), and 14.13 million in USDC stablecoin.
The total active ENS names have also exceeded 2.6 million as of August 14th across nearly 740,000 unique addresses.
The latest development comes a little over a month after the 'distributed, open, and extensible naming system' announced plans to tap layer-2 in a bid to enhance scalability and cut costs.
Earlier this year, ENS also launched a new fiat on-ramp for domain registrations via Web3 fiat payment gateway MoonPay.
Its rival, Unstoppable Domains, extended support to '.eth' domains in July, allowing users to purchase via the official website.
With the move, Unstoppable Domains seeks to engage with a fresh audience since the platform typically offers domain endings such as .crypto, .blockchain, .nft, etc., while ENS is the only venue where Ethereum enthusiasts were able to purchase the .eth domain names.
In order to prevent 'naming collisions,' each .eth domain obtained via ...
|  | Bitcoin, Ethereum Technical Analysis: BTC Unmoved by Better Than Expecte...
Bitcoin mostly consolidated on Tuesday, as traders anticipated the release of July's retail sales data from the United States. Sales rose by 0.7%, better than the 0.4% expected, and this comes following a 0.2% increase in June. Ethereum also remained unchanged prior to the data.Bitcoin
Bitcoin (BTC) was trading in the red for the majority of the day, as price consolidated prior to the release of U.S. retail sales data.
After peaking at $29,660.25 to start the week, BTC/USD fell to a low of $29,272.35 earlier in today's session.
Since moving above $30,000 on August 8, the world's largest cryptocurrency has mostly trended sideways.
One reason for a lack of direction appears to be due to the relative strength index (RSI) tracking between a support and resistance of its own.
The index is currently at a reading of 47.57, and has mostly moved between a floor at 47.00, and ceiling at 49.00 in recent days.
For bulls, a breakout above the 49.00 zone will also likely be the straw needed to break the camel's back.
Ethereum
Ethereum (ETH) has remained largely unchanged in the past few days, rising by 0.11% in the past week.
ETH/USD bottomed out at $1,837.21 so far during today's session, which is almost $20.00 lower than Monday's high.
Price has mostly consolidated around a support point of $1,830 in recent days, however the prospect of a moving average crossover is keeping bullish hopes alive.
The 10-day (red), and 25-day (blue) moving averages are on the cusp of an upwards crossover...
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