Author: e_cash_top

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[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…

Record $1.6 billion of staked Ethereum redemptions led by Celsius and Figment

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[ad_1] Over 650,000 units of staked Ethereum, valued at approximately $1.6 billion, were redeemed last week—the largest amount of redemption since the Shanghai Upgrade was completed last year. A Dune Analytics dashboard shared by Tom Wan, an analyst at 21 Shares, showed that the bankrupt crypto lender Celsius and staking service provider Figment were the…

Spot Bitcoin ETF introduction triggers Bitcoin’s largest daily fall since FTX crisis

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[ad_1] Quick Take Bitcoin’s price underwent significant volatility in response to the spot Bitcoin ETF, according to a recent analysis. On Jan. 12, Bitcoin registered its largest one-day price drop since the FTX collapse in November 2022, plummeting by 7.5%. This event echoed the high volatility experienced during 2023, which saw several 5% drops coinciding…

Morgan Stanley believes Bitcoin, CBDCs have the potential to ‘de-dollarize’ the world

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[ad_1] Wall Street giant Morgan Stanley believes the rise of Central Bank Digital Currencies (CBDCs) and digital assets like Bitcoin and stablecoins could potentially disrupt the U.S. dollar’s longstanding dominance in the global economy. The lender made the analysis in a recent report titled “Digital (De)Dollarization?” — which highlights the disproportionate influence of the U.S.…

BlackRock now top 15 public Bitcoin holder as marketing kicks off

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[ad_1] Quick Take Two days into the trading of the Bitcoin spot ETF, BlackRock, the world’s largest asset manager, has already accumulated approximately 11,500 BTC. This places the firm among the top 15 public holders of Bitcoin, accounting for roughly 0.056% of the total Bitcoin supply, according to Newhedge. This swift accumulation suggests a significant…

Bankrupt FTX’s token valuation rebounds to over $1 billion as customers contest bankruptcy plan

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[ad_1] Bankrupt FTX’s native token FTT market capitalization surpassed $1 billion again after a recent decline. Since the cryptocurrency exchange abruptly collapsed following a bank run in November 2022, it only briefly traded over $1 billion toward the end of last year, reaching $1.67 billion before declining back to under $850 million. The recent resurgence can…

Why ETFs are not having positive effect on Bitcoin price, yet

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[ad_1] Despite the influx of substantial capital into these new spot Bitcoin ETFs, with CoinShares reporting $1.18 billion in inflows into digital asset ETFs globally last week, the expected positive impact on Bitcoin’s price hasn’t materialized. This raises questions about the underlying mechanics of these ETFs and their influence on Bitcoin’s value. Let’s first ensure…

How one of the leading DePIN projects is innovating the solar industry

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[ad_1] As crypto and Web3 increasingly weave into the fabric of our daily lives, a pressing question emerges: how do these digital advancements transition into tangible, physical infrastructure for everyday use? The evolution of Web3 extends beyond the realms of virtual spaces and digital assets, heralding a new era where these technological innovations significantly impact…

Grayscale and Purpose Bitcoin see strong outflows amid spot ETF launches

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