Category: Cryptocurrency News

ConsenSys, a leading Ethereum software company, today announced the acquisition of the Treum team and its NFT platform from Mesh, a Web3 incubator, for an undisclosed amount. With this acquisition, ConsenSys is welcoming a team of creators, product managers, and software developers who have pioneered use-cases of Non-Fungible Tokens (NFTs) since their formation in 2017.…
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ConsenSys, a leading Ethereum software company, today announced the acquisition of the Treum team and its NFT platform from Mesh, a Web3 incubator, for an undisclosed amount. With this acquisition, ConsenSys is welcoming a team of creators, product managers, and software developers who have pioneered use-cases of Non-Fungible Tokens (NFTs) since their formation in 2017.…
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Etherscan shows 258,903 holders for hex I went to etherscan and looked up HEX. It shows that there are 258,903 holders and you can see the top 1,000 holders. However, if you choose Download CSV Export at the bottom, you get the first 100,000 token holders. I went ahead and downloaded these. 91,964 out of…
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Decentralized finance (defi) has swelled quite a bit this year and on October 5, the total value locked (TVL) in defi protocols crossed the $200 billion mark. Since January 1, the defi TVL across various blockchains has risen almost 855% from $21.4 billion to today’s $204 billion. Total Value Locked in Defi Jumps Over the […]

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Who else invests more than 50% of their income? Save 10% of my income and keep it in my bank for emergency funds, Spend 30% of my income, I try to invest 60% of my income, Out of the 60% 15% goes into stocks 45% goes into Crypto Out of the 45% 30% goes into…
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In the crypto top 10 by market cap, Bitcoin reigns supreme with no other cryptocurrency close to matching its performance in the daily (-1%) and weekly (16.6%) charts. While BTC’s price trades at $57,415, near its previous highs before May’s crash, the altcoin market lags. The second cryptocurrency by market cap, Ethereum (ETH), records a 3.9% loss in the daily and only a 2% profit in the weekly chart. In the meantime, ADA (-4.7%), XRP (-5.7%), SOL (-5.4%), DOT (-6%) are in the red alongside other major coins. Related Reading | Bitcoin Over $100,000 Is Still Possible By Year-End, Says Research Analyst In higher timeframes, Bitcoin widened the performance margin with the rest of the crypto market, according to a recent report by Arcane Research. Up 41% over that period, the research firm claims the “Bitcoin Season has started”. Know by traders and veteran operators as a period in the cycle when Bitcoin outperforms every other asset, it is believed to precede a bullish bull-run in altcoins. As seen below, BTC has more returns than Arcane’s Large Cap Index only up 21% in the 30-day chart. This could lead to more appreciation for Bitcoin as operators fuel a “loop”, as the research firm called it”, where either BTC or some altcoins outperform: (…) the cryptocurrency market periodically switches between overperformance of altcoins (altcoin season) and overperformance of bitcoin (bitcoin season). Historically, when retail traders have observed that bitcoin starts to beat their altcoin holdings, they have not been late in dumping their altcoins for bitcoin instead (…). Bitcoin Takes Back The Crown As It Prepares For More Gains Additional data provided by research and consulting firm Delphi Digital indicates that only 4 cryptocurrencies out of the first 100 listed by CoinGecko have been able to outperform Bitcoin in the daily chart. In the last 2 weeks, only 12 have achieved something similar. Related Reading | Bitcoin Retakes May Highs With Spike In On-Chain Activity, Next Target $60K? Moreover, the research firm records a pattern in the Bitcoin and Ethereum Open Interest (OI) for their futures. The first and second cryptocurrencies by market cap have been “mirroring each other” since Q3, 2021, until very recently. As seen below, October brought a change in that dynamic with the ETH (OI) diverging from BTC’s. However, Delphi Digital noted that the latter is still away from May’s highs and, therefore, not in a FOMO state. The research firm added: Since May 2021, crypto-margined futures have been on a multi-month downtrend as cash-margined futures gain a significant share of futures OI. One of the main implications of this is reduced directional convexity. As NewsBTC reported yesterday, there has been an uptick in BTC’s on-chain activity that suggests an increase in institutional participation. The potential approval of a Bitcoin ETF by the U.S. Securities and Exchange Commission could operate as a bullish catalyzer to finally provide the bulls with enough momentum to reach new highs. Related Reading | On-Chain Data Shows Bitcoin Miners Hold Off On Selling Despite BTC Rallying Above $57k On the contrary, it could also become a “buy the rumor, sell the news” event potentially marking the top of the current cycle. This could be beneficial for the altcoin market, in the mid-term.