Category: Uncategorized

[ad_1] Stablecoins are cryptocurrencies that peg their value to reference assets, including fiat currencies, commodities, or other cryptocurrencies. They form an integral part of the crypto ecosystem by offering price stability in an otherwise volatile market. Cycling into and out of stablecoins, users provide liquidity and exit positions. This cycling relationship between Bitcoin and stablecoins…

[ad_1] The full consequences of the FTX fallout are still unknown. As FTX, its U.S. subsidiary, and Alameda Research all filed for bankruptcy protection, it could be months before the public gets to see what happened in Sam Bankman-Fried’s crumbled trading empire. Until that happens, what we’re left with is on-chain data that can point…

[ad_1] FTX collapse has birthed renewed interest in self-custody among retail users, as many are now moving their Bitcoin (BTC) to cold wallets. Glassnode data, as analyzed by CryptoSlate, showed that retailers are taking out their coins from exchanges at the most aggressive rate, with the withdrawals coming mostly from Crypto.com. Retail Bitcoin Withdrawals (Source:…

[ad_1] Confidence in centralized exchanges seems to have reached a new low following the FTX fallout. Trading volumes across all exchanges have experienced a vertical drop over the weekend, as users rush to withdraw their tokens from custodial wallets provided by the platforms. Data analyzed by CryptoSlate showed a drastic drop in Bitcoin’s real trading…

[ad_1] Over the reporting period, the cryptocurrency market cap saw minor inflows of around $6 billion as the industry rose to $841.76 billion as of press time — up 0.72%. Bitcoin and Ethereum’s market cap increased by 0.36% and 0.83% to $321.82 billion and $153.89 billion, respectively. Most of the top 10 cryptocurrencies posted minor…

[ad_1] The ongoing market slump caused by the FTX fallout hasn’t left Bitcoin miners unscathed. The market has seen the biggest one-day miner selling pressure since January 2021, and data analyzed by CryptoSlate shows that the selling pressure shows no signs of stopping. We could see extended selling pressure from miners until the average hash…

[ad_1] Late on Friday evening, it has since been confirmed that a total of around $10 billion was moved from FTX to Alameda Research by FTX founder Sam Bankman-Fried (SBF). Speculation of a hack steadily appeared after several abnormal wallet transactions were highlighted, indicating that between $1-2 billion in client funds were unaccounted for. When…

[ad_1] Bitcoin investors have locked in the fourth-largest spike in realized losses in 2022 during the current market downturn. Over $1 billion dollars has been locked in since Nov. 9 as investors panic sells amid high market uncertainty. Realized losses spike A myriad of factors has played into the situation with the core driver being…

[ad_1] The events of the past week have led to significant sell pressure across the crypto market. Since FTX insolvency rumors broke on Nov. 6, peak outflows saw $270 billion leave the market. Despite the bearish market conditions, on-chain data analyzed by CryptoSlate showed all Bitcoin cohorts have flipped into accumulation mode, with whales buying…

[ad_1] After the FTX collapse, investors are moving large amounts of Bitcoin (BTC) to their self-custody wallets and exiting Ethereum (ETH)  to invest in stablecoins, according to data analyzed by CryptoSlate. Bitcoin retreats to self custody The chart below demonstrates the amount of liquid, illiquid, and highly liquid Bitcoins since 2008. As of November 2022,…