Category: Latest news

[ad_1] Polkadot developer Kian Paimani has proposed a flexible inflation upgrade for the network to address the issues tied to the blockchain’s inflation logic. According to the proposal’s GitHub document, the Polkadot relay chain’s current state presents various challenges, including high inflation rates. These stem from outdated infrastructure and parachain slots’ ineffective influence on inflation.…

[ad_1] Quick Take Bitcoin faced massive selling pressure in April 2024, recording its most significant monthly decline of 15% since November 2022, when it dropped over 16%. CryptoSlate previously analyzed the factors contributing to the dip, finding that the conclusion of the US tax season, compounded by various economic factors, prompted the sell-off. However, Bitcoin…

[ad_1] CoinShares’ latest weekly report revealed that crypto-related investment products saw their fourth consecutive week of negative flows, dominated by the “measurable outflows from the newly issued ETFs in the US.” According to the report, the market saw an outflow totaling $251 million, with the Newborn Nine spot Bitcoin ETFs accounting for over 60%, or…

[ad_1] Quick Take Marathon Digital Holdings Inc. (MARA), the largest Bitcoin mining company in terms of market cap, is set to join the S&P SmallCap 600 index, effective before the opening of trading on May 8. The news, announced on May 3, sent Marathon’s share price soaring 18% on May 6. Marathon will replace Aaon…

[ad_1] Binance CEO Richard Teng has called for the release of Tigran Gambaryan, the exchange’s detained executive in Nigeria. In an extensive May 7 blog post, Teng said Gambaryan’s detention was unjust and set a dangerous precedent. He said: “To invite a company’s mid-level employees for collaborative policy meetings, only to detain them, has set…

[ad_1] Quick Take Bitcoin’s mining difficulty is on the brink of its most significant downward adjustment since the FTX collapse in December 2022. Newhedge forecasts a reduction of over 4% on May 9, which would mark a substantial trend shift after the Bitcoin halving. The network’s hash rate has already dropped by 10% from its…

[ad_1] Crypto Super PACs have amassed $102 million in funds ahead of the US elections to advocate for candidates supportive of the industry, according to a report by Public Citizen. Approximately $54 million originates from direct corporate contributions, notably from industry giants Coinbase and Ripple Labs. Individual contributions from crypto executives and venture capitalists also…

[ad_1] Quick Take According to Farside data, the Bitcoin ETFs (Exchange-Traded Funds) in the US witnessed another net inflow day on May 6, reaching $217.0 million. This massive influx comes just days after another significant inflow was recorded on May 3. Grayscale’s GBTC saw an inflow of $3.9 million, marking back-to-back inflows for the fund.…

[ad_1] CoinStats, a prominent crypto tracker and portfolio management platform, recently unveiled the Degen Plan — a premium subscription offering tailored for crypto investors seeking enhanced analytics capabilities. Degen is one of the most popular terms within the crypto industry. Coingecko defines Degen traders as those who take trades without due diligence and research, often…

[ad_1] Hightower Advisors disclosed a $68 million investment in spot Bitcoin ETFs in a May 6 filing. The 13F filing indicates that the firm holds 709,956 shares of Grayscale’s GBTC worth $44.8 million, 200,084 shares of FBTC worth $12.4 million, 188,397 shares of BlackRock’s IBIT worth $7.6 million, and 23,964 shares of Ark Invest’s ARKB…