Category: Latest news
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Market dynamics show complex interplay between long-term stability and short-term speculation
[ad_1] Onchain Highlights DEFINITION: Bitcoin realized cap HODL waves are a bundle of all active supply age bands, aka HODL waves. Each colored band shows the percentage of Bitcoin in existence that was last moved within the period denoted in the legend. Bitcoin’s realized cap has moved significantly throughout 2024, reflecting market conditions and investor…
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Crypto on ‘slow and steady’ pace to mainstream adoption – Canaccord Genuity
[ad_1] Mainstream adoption of digital assets has been steadily increasing, driven by significant regulatory advancements and rising institutional interest, according to Canaccord Genuity research. According to Canaccord’s research report, the mainstream adoption of digital assets is anticipated to continue driving growth in the sector, with Galaxy Digital well-positioned to capitalize on these evolving trends. Slow…
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Polkadot treasury allocates $14.4 million to bolster DeFi project Hydration
[ad_1] Polkadot Treasury has allocated 2 million DOT, valued at $14.4 million, to enhance the liquidity of the DeFi project Hydration, according to a June 10 statement shared with CryptoSlate. The project stated that the funds will boost the liquidity and efficiency of its single-sided liquidity provisioning platform, Omnipool. This latest funding aligns with Polkadot’s…
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Short-term holder realized price nears $64,000, signaling Bitcoin uptrend
[ad_1] Quick Take The Realized Price metric offers a comprehensive overview of the average on-chain acquisition price for the entire Bitcoin circulating supply. By analyzing Short-Term and Long-Term Holder heuristics, we can determine the realized price for different investor cohorts. For the entire coin supply, the Realized Price denotes the aggregate on-chain acquisition price. For…
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Hacker drains $19.5 million from UwU Lend in price oracle exploit
[ad_1] Blockchain security firm Cyvers Alert reported a significant exploit on the DeFi lending protocol UwU Lend, which resulted in an approximately $19.5 million loss. The attacker funded their wallet via the sanctioned crypto mixer Tornado Cash. Cyvers co-founder and CTO Meir Dolev told CryptoSlate in a June 10 statement: “The UWU lending contract was…
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DeFi Technologies shares spike 15% in a day after it adopts Bitcoin treasury strategy
[ad_1] Quick Take DeFi Technologies Inc., a public company traded on CBOE Canada (DEFI), has made a strategic decision to adopt Bitcoin as its primary treasury reserve asset, purchasing 110 Bitcoin, according to Newswire.ca, This move highlights the company’s confidence in Bitcoin’s potential as a hedge against inflation and a safeguard against monetary debasement. Olivier…
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Solana Foundation expels validators for sandwich attacks on retail users
[ad_1] The Solana Foundation has expelled several validators from its delegation program for conducting sandwich attacks on retail users. In a recent Discord announcement, Tim Garcia, the Team Lead of Solana Validator Relations, confirmed that the removals were permanent, stating that the foundation identified operators involved in mempool activities supporting sandwich attacks. He stated: “Enforcement…
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Cardano’s ‘Age of Voltaire’ nears with major blockchain upgrade
[ad_1] Cardano founder Charles Hoskinson revealed that the blockchain is on course for its “most significant milestone in history,” with the impending Chang fork setting the stage for the “Age of Voltaire.” In a June 9 social media post, Hoskinson said: “It looks like June will be the month that Cardano Node will reach 9.0.…
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Crypto investments soar with $2 billion inflow amid US macroeconomic shifts
[ad_1] Investor confidence in crypto-related investment products surged last week, buoyed by the US macroeconomic situation. In its latest weekly report, CoinShares observed that these financial instruments saw net inflows of $2 billion last week, matching the total inflows recorded for May. Additionally, this marks the fifth consecutive week of positive inflows, with the assets…
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Bitcoin’s Post-Halving Performance: Only the second epoch with price rise at this cycle point
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you…