Author: e_cash_top

[ad_1] USD Coin (USDC), the second-largest stablecoin by market capitalization, has seen its market share on centralized crypto trading platforms grow significantly during the past months. Data from Paris-based crypto intelligence platform Kaiko showed that USDC’s market share doubled to over 10% from around 5% in September 2023, mainly due to the rising volumes recorded…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] Quick Take According to Arkham Intelligence data, Grayscale transferred another 18,400 BTC to a Coinbase Prime hot wallet on Jan. 17. Sent in several 1,000 BTC transactions, the Bitcoin was valued at around $800 million as of press time. On Jan. 16, a similar transfer worth $387 million was also conducted by Grayscale, again…

[ad_1] One of the most common comparisons we’ve seen concerning the launch of spot Bitcoin ETFs in the United States is the one with the launch of the first gold ETF (GLD) in 2004. Interestingly, comparing the two asset classes’ premieres through their daily attestations reveals some illuminating data. For clarity and transparency, all data…

[ad_1] Asset management firm ARK Invest has strategically incorporated the Ark 21Shares Spot Bitcoin ETF (ARKB) into its Next Generation Internet ETF (ARKW), according to the company’s latest trade filing seen by CryptoSlate. In this move, the Cathie Wood-led firm liquidated 757,664 shares of the ProShares Bitcoin Strategy ETF (BITO) at an approximate value of…

[ad_1] Quick Take Bitcoin’s short-term price action is currently navigating through an intriguing phase. For the first time, Bitcoin’s 200-week moving average (WMA) has surged above $30,000, indicating a significant shift in the baseline momentum of Bitcoin’s classic four-year cycle. This 200 WMA has historically been a consistent support system, barring a few instances, such…

[ad_1] Quick Take The digital asset market has seen a remarkable event as approximately $1.9 billion worth of Bitcoin – about 44,800 BTC – has surged back into circulation after a dormant period of over five years. The transactions happened around 1:30 GMT, even before the US market opened. It is important to note the…

[ad_1] Quick Take According to James Butterfill, analyst at CoinShares, net outflows have reached a staggering $424 million this week as investors increasingly opt for the more cost-efficient US funds. Since the launch of spot-based ETFs, Grayscale Bitcoin Trust (GBTC) has witnessed a significant trend reversal, with outflows totaling $1.18 billion. In contrast, the newly…

[ad_1] Over the last few months, the crypto internet has been dominated by the Bitcoin ETF talk. And for a good reason. At a $835.7 billion market cap, the pioneering crypto makes up 49% of the total crypto market, consisting of tens of thousands of tokens. In Bitcoin’s 15-year life cycle, an exchange-traded fund (ETF)…