These rumors emerged as TRON blockchain founder Justin Sun criticized the firm’s wrapped Bitcoin product, cbBTC. Coinbase Clarifies ETF Operations Amid Bitcoin IOU Rumors On September 14, crypto analyst Tyler Durden suggested that Coinbase was issuing BTC IOUs to BlackRock. This would mean BlackRock could borrow Bitcoin to short it…
This significant number of tokens could pressure Solana’s market valuation, as on-chain data points to declining interest. Solana Selling Pressure Could Spike as FTX Moves Tokens According to blockchain analytics firm LookOnChain, FTX and its sister company, Alameda Research, have already unstaked significant portions of their Solana tokens. In the…
A wallet associated with the defunct crypto exchange FTX and its sister company Alameda Research has redeemed 177,693 Solana (SOL) tokens, valued at approximately $23.75 million, from the Solana Proof-of-Stake (PoS) network. The movement, highlighted by PeckShield in a September 12 post on X, has reignited speculation within the crypto…
The relationship between Solana (SOL), a top-tier layer-one (L1) blockchain, and FTX and its sister firm, Alameda Research, continues to this day, nearly two years after its collapse. As the defunct cryptocurrency exchange prepares to repay the distressed investors beginning the upcoming fourth quarter, the company is expected to expedite…
As the market anticipates the release of August’s U.S. employment data later today, bitcoin’s price is experiencing notable volatility, analysts said. Bitcoin is trading around $55,975 and is down a muted 1.5% in the past 24 hours. Ether has also posted a decline and is down 1% in the same…
September has been historically a difficult month for U.S. stocks. And when it comes to the Bitcoin market, the so-called “September Effect” could be just as prevalent—and the performance of the price of BTC this first week lends credence to the theory. The Wall Street phenomenon has been well documented…
Stablecoins continue to expand in value, with a current market capitalization surpassing $170 billion. Tether’s USDT remains the dominant player in this sector. In a Thursday post, DWF Labs managing partner Andrei Grachev announced the finalization of the firm’s synthetic collateralized stablecoin design. Grachev highlighted its ability to generate significant…
Quick Take According to an X account, Sani, the founder of TimeChainIndex.com, the Coinbase group currently custodies a total of 2,275,123 BTC, representing approximately 10.83% of Bitcoin’s maximum supply of 21 million. The chart compiled by TimeChainIndex highlights the breakdown of these assets across various sectors. Centralized exchanges (CEXs) hold…
The 11 U.S.-listed spot ETFs saw $287.8 million worth of outflows on Tuesday, according to Farside Investors. BTC traded lower as weak U.S. manufacturing data revived growth concerns. The U.S.-listed spot bitcoin (BTC) exchange-traded funds (ETFs) had a rough day on Monday as growth concerns and a sell-off in Nvidia…
In the ever-evolving world of NFTs, the Solana blockchain has become a hotspot for innovation, attracting developers and traders alike with its fast and low-cost transactions. One of the standout projects making waves in this space is Potato Cat, a novel platform designed to revolutionize how users trade and manage…