Author: e_cash_top
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NFT trading volume returns to pre-LUNA crash levels in February
[ad_1] Ad Non-fungible token (NFT) market’s trading volume increased to $2 billion in February, reaching its pre-LUNA crash levels, according to DappRadar’s Industry Report. The NFT trading volume recorded a 117% spike from January’s $956 million, as the DappRadar data shows. NFT trading volume and sales count (Source: DappRadar) Despite the significant surge in the…
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Crypto folk anthem goes viral at ETH Denver opening
[ad_1] Ad Crypto anthem goes viral at the opening of ETH Denver Look out, Bob Dylan, a new band at ETH Denver has dropped a protest anthem reminiscent of a blockchain, “Blowin In the Wind.” The five-person group performed the anthem at the opening of ETH Denver, the industry’s preeminent event, singing together in folk…
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Perpetual funding rate for Bitcoin turned negative for 3rd time in 2023
[ad_1] Definition The average funding rate (in %) set by exchanges for perpetual futures contracts. When the rate is positive, long positions periodically pay short positions. Conversely, when the rate is negative, short positions periodically pay long positions. Quick Take The perpetual funding rate has turned negative for the third time this year. Each time…
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Ripple CEO advises U.S. to embrace crypto regulations
[ad_1] Ad Ripple (XRP) CEO Brad Garlinghouse said the U.S. lags behind several countries with pro-crypto regulations due to its hardline stance toward the industry. U.S. crypto regulation is lagging In a Mar. 2 Bloomberg interview, Garlinghouse decried that the U.S. crypto regulations were stifling innovations in the space. He said: “The sad reality is…
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Crypto community reacts as Bitcoin bear market fears continue
[ad_1] Ad The crypto market saw a sharp decline at 12 am UTC on March 3. The price of Bitcoin (BTC) fell by over 5% from around $23418 to $22163, according to CryptoSlate data. Most of the drop occurred within an hour as the BTC price fell by over $1,000 in seconds. The price of…
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Market sell-off sees Bitcoin sink to $22,000
[ad_1] Ad The cryptocurrency market cap saw net outflows of $40.2 billion over the last 24 hours and currently stands at $1.03 trillion — down 3.7% from $1.07 trillion. Over the reporting period, Bitcoin and Ethereum’s market cap fell 4.5% and 4.8% to $431.98 billion and $191.66 billion, respectively. The top 10 crypto assets recorded…
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Why ETH selling pressure is unlikely to increase after Shanghai upgrade: CryptoQuant
[ad_1] Ad The profit and loss of staked Ethereum (ETH) indicates that there will be less selling pressure when the staked ETH tokens are unlocked in the Shanghai upgrade, crypto analytics platform CryptoQuant said. There have been concerns that the staked ETH unlock will result in these tokens flooding the market and creating high selling…
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$200M of Bitcoin long liquidations as BTC drops to $22k
[ad_1] Quick Take Over $200M of long liquidations were wiped out on March. 3, according to Coinglass. Over 90% of the liquidations were long. This was due to a build-up of Futures Open Interest which continued to increase as February was ongoing. Last week, CryptoSlate monitored the excessive build-up of Futures OI that exceeded 500k,…
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REPUBLIK raises $3.5M in seed funding, raising valuation to $75M
[ad_1] Ad Web3 content creation platform REPUBLIK raised $3.7 million in its seed funding round, raising its valuation to $75 million. REPUBLIK offers a platform where content creators can connect with their audiences and utilize built-in smart contracts to handle monetization processes. Overall, REPUBLIK provides a one-stop-shop for content creators to create, connect, and earn…
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Binance.US responds to senators’ letter on “potentially illegal” activities
[ad_1] Ad Binance.US has responded to a letter published by U.S. senators on March 2 by professing compliance and stating that it will answer questions directly. Binance acknowledges senators’ letter On March 2, various senators alleged that Binance.US has engaged in “potentially illegal” activity and asked the firm to answer several questions. A Binance.US spokesperson…