Kaiko, a prominent cryptocurrency data provider, has released its latest research report revealing a significant concentration of liquidity in the Ethereum (ETH) market. According to the report, 72% of Ethereum liquidity is concentrated on just five exchanges. This finding sheds light on the current state of liquidity in the crypto asset space, which has been […]
Kaiko Research, a crypto market data provider, has released a new report highlighting the recent trends in the crypto market. One of the key observations is the approaching ATH of Tether’s market cap, despite lackluster trade volume and price movements in the overall market. Tether’s Rising Market Cap Tether (USDT) is currently the dominant stablecoin […]
In a groundbreaking investigation, researchers at Elliptic have uncovered a disturbing trend in the illicit fentanyl trade using crypto payments. More than 90 China-based companies have been identified as willing suppliers of fentanyl precursors. An astonishing 90% accept cryptocurrency payments, primarily in Bitcoin and USDT. The study also revealed that many of these businesses have […]
According to the latest Glassnode report, the Bitcoin market has seen limited price movement this week, with on-chain volumes reaching cyclical lows. Investors have been holding onto their coins, resulting in significant amounts of dormant supply. The Bitcoin market has traded within an extremely tight price range this week, whilst on-chain volumes have been extremely […]
Coinshare, a leading cryptocurrency research firm, has released a comprehensive report on the ownership and adoption of Ethereum, the second-largest cryptocurrency by market capitalization. The report provides key insights into the global ownership of Ethereum and sheds light on the motivations behind its usage. One of the report’s key findings is that Ethereum ownership is […]
Messari’s recent report on the state of the XRP Ledger in Q1 2023 reveals some key insights. During this timeframe, there was a significant surge in the level of engagement observed on the XRP Ledger. Daily active addresses and daily transactions experienced a noteworthy uptick, registering a growth of 13.9% and 10.7%, respectively, compared to […]
Bitcoin and ETH, the two leading crypto assets, have experienced a weakening correlation since mid-March. The correlation dropped from 96% to 77%, reaching its lowest level since November 2021. The decline coincides with ETH’s decrease of nearly 14% and BTC’s 11% drop since the Shapella upgrade. This divergence suggests that distinct factors increasingly influence both […]
Glassnode, a prominent on-chain analytics firm, has released a report detailing the recent surge in demand for Bitcoin blockspace. The primary driver of this demand has been the emergence of BRC-20 tokens, issued through text file inscriptions on the Bitcoin ledger. This new wave of speculative interest has led to a significant increase in transaction […]
The previous week saw a decline in positive sentiments within the cryptocurrency realm, making it difficult for bullish investors to oppose the prevailing bearish momentum. Both Bitcoin and Ethereum encountered a downward trajectory and could not effectively counter the dominant bears. This indicates a lack of distinctiveness or uniqueness in their performance. Bitcoin & Ethereum […]