Category: Latest news
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From days to months: How Bitcoin holder behavior predicts price peaks
[ad_1] Quick Take Bitcoin’s price cycles are often influenced by the behavior of short-term holders (STHs), defined as investors who have held the digital asset for less than 155 days. According to Glassnode data, during market peaks, STHs typically possess 80% or more of the Bitcoin supply, with the prevailing cohort transitioning from shorter to…
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Zeta Markets launches governance token to steer Solana-based DEX toward community rule
[ad_1] Zeta Markets, a decentralized exchange (DEX) built on Solana, will launch its governance Z token today, according to a statement shared with CryptoSlate. The DEX revealed that the token’s debut aligns with its commitment to “becoming a fully community-centric protocol” and empowers its community members to influence its decisions. Zeta has enjoyed considerable interest…
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FTSE 100βs illusion of growth unmasked by currency and inflation adjustments
[ad_1] Quick Take When assessing the performance of assets or currencies, it is essential to consider both nominal and real returns, the latter of which accounts for inflation. Inflation can be gauged through different metrics, such as the consumer price index (CPI) or indicators related to the money supply (e.g., M2). While the money supply…
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dRPC pioneers a hybrid approach to tackle blockchain API centralization and censorship in the web3 infrastructure
[ad_1] The rapid growth of Web3 and the blockchain ecosystem has highlighted the need for reliable and decentralized infrastructure solutions. At the forefront of this endeavor is DRPC, a company dedicated to addressing the centralization challenges within the Blockchain API space. In a recent episode of SlateCast, Viacheslav Shebanov, Chief Technology Officer at dRPC, shared…
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US Treasury official targets Tether USDT stablecoin in Russian sanction evasion
[ad_1] US Treasury Deputy Secretary Adewale Adeyemo said Russia was increasingly using alternative payment mechanisms like Tether’s USDT stablecoin to bypass economic sanctions, according to his written testimony on April 9 toΒ the Senate Banking, Housing, and Urban Affairs Committee. This remark follows increasing reports that malicious actors used Tether’s stablecoin for their illicit activities. Notably,…
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United States holds the largest slice of the global bond market pie
[ad_1] Quick Take In 2022, the global bond market reached a staggering $133 trillion in size. Interestingly, the United States accounts for a significant portion of this market, with its bond market totaling $51.3 trillion, or 39% of the global total, according to the latest data from the World Economic Forum. Bond Market Rank Country…
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Grayscale Bitcoin trust sheds roughly 300,000 BTC since ETF launch
[ad_1] Quick Take Farside data reports that the Bitcoin ETF market experienced a notable shift on Apr. 8, with the overall sector recording its first net outflow day since Apr. 1, totaling $223.8 million. The primary driver of this change was a significant $303.3 million outflow from the Grayscale Bitcoin Trust (GBTC), its largest outflow…
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Only 1% of consumers still think Bitcoin is a passing βfadβ
[ad_1] Bitcoin and crypto are no longer seen as a fleeting “fad” among consumers β the majority now consider them an integral part of the financial system, Reuters reported on April 8, citing a Deutsche Bank survey. The survey gathered responses from 3,600 individuals and revealed a slow yet noticeable shift in consumer attitudes towards…
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BlackRock and Fidelity’s Bitcoin ETFs make history with record streak of inflows
[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 βΊ Connected to Alpha Welcome! π 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…
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Swiss central bank believes retail CBDCs could destabilize financial system
[ad_1] Swiss National Bank (SNB) Chairman Thomas Jordan said the central bank βsees no needβ to issue a central bank digital currency (CBDC) for public use despite the benefits of a wholesale version. Jordan argued that the current financial market offers a wide selection of efficient and innovative payment methods through the private sector, rendering…