crypto

A Year After Ethereum Merge, Net Supply Down Nearly 300K Ether

«In August 2022, the Ethereum Foundation warned users that the upcoming Paris upgrade would not reduce gas fees. Subsequently, prices fell, and ether was doomed to underperform bitcoin. But this also hinted towards the next potential catalyst for Ether investors—lower gas fees,» Markus Thielen, head of research and strategy at …

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Bitcoin Bounce Puts Altcoin Bears at Risk

Alternative cryptocurrencies like XRP, Ether (ETH), SOL, Tron’s TRX, Dogecoin (DOGE) and are tracking bitcoin higher, as they usually do. The altcoin bounce comes days after traders sold these tokens, pricing in the possibility of defunct exchange FTX securing approval from the bankruptcy court to sell assets from its multi-billion …

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The Inanity of the SEC ‘Stoner Cat’ Action

Stoner Cats 2, LLC, the organization that created the NFTs and is responsible for paying the SEC fine, will also have to help set up a reimbursement fund to pay back injured investors. This “Fair Fund,” a type of account established under the Sarbanes-Oxley Act of 2002 as a way …

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The Tokenization of Assets is Underway

More pertinently to advisors, perhaps, is what’s happening on the money market & treasury fund side and the private equity & private credit side – two very different investment profiles, yet two symbiotic cohorts here. Tokenized money markets and treasuries have now surpassed $650 million in collective AUM, essentially acting …

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First Mover Americas: BTC Holds $26K; Hedera’s HBAR Jumps

Crypto exchange FTX can sell and invest its crypto holdings to pay back creditors, a judge in the U.S. Bankruptcy Court for the District of Delaware ruled Wednesday. In a court hearing, Judge John Dorsey said he approved the motion and overruled two objections that were made opposing the plan. …

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Bitcoin Onchain Data Show Bullish Undercurrents

The percentage of bitcoin’s circulating supply active onchain within the last month fell to a record low of 5.4% early this week, according to Blockware Solutions and Glassnode. In other words, fewer coins are changing hands, indicating supply-side weakness. At press time, bitcoin’s circulating supply was 19.48 million.

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