Solana Outflows Hit All-Time High At $39M
This outflow marks the largest for Solana (SOL) investment products, is mainly due to a drop in meme coin trading volumes reliant on SOL. At the end of the previous week, the outflows of Solana (SOL) reached an all-time high of $39 million. This development has occurred amidst broader market fluctuations impacted by recent macroeconomic […]
75% of Bitcoin Has Been Held for Over 6 Months
This marks a significant increase from just a week earlier when around 45% of Bitcoin had been dormant for the same period. The data on the blockchain shows that nearly three quarters of all Bitcoin in circulation have not changed in at least six months. Glassnode’s Hodl Wave chart, which makes use of blockchain data […]
Binance Labs Invests in Sahara AI Network
The investment attracted several major players including Binance Labs, Polychain Capital, Pantera Capital and SamsungNext. The most recent information from Binance Labs indicates that the company has invested in Sahara AI, a blockchain platform for decentralized artificial intelligence that fosters open and egalitarian AI. This investment has created a significant buzz within the industry. Artificial […]
Metaplanet Buys Bitcoin Worth 500M Yen
Despite Metaplanet latest acquisition, Metaplanet still has 500m yen left for further Bitcoin investments. The publicly traded Japanese investment business Metaplanet announced on Tuesday that it had increased its Bitcoin holdings by 57 transactions as a result of its latest purchase. A few days before this move, the corporation made an announcement regarding a loan […]
Bitcoin ETF Trading Volume Tops $1B Amid Crypto Crash
Due to the collapsing markets and an 8% decline in Bitcoin ETF prices, high trading activity of Bitcoin ETFs was responsible for this surge. Alex Thorn, head of research at Galaxy Digital claimed in a post on the X platform that trading volumes for Bitcoin exchange-traded funds (ETFs) jumped beyond $1 billion at the start […]