News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
The last two years have been remarkable for Solana, recording a staggering price appreciation of +2,143%. In this article, we utilize the new breakdown metrics for Solana to inspect and understand the underlying capital flows responsible for the dramatic ascent.
The SEC announced a potential change in operational status. Advocate Jeremy Hogan advised the SEC to file a stay on all non-fraud litigation. XRP has dropped to the 4th position in the market and trades at $2.28.
Quick Take In his “Digital Asset Framework” published on Friday, MicroStrategy founder Michael Saylor supports the idea of creating a strategic bitcoin reserve to help eliminate the national debt. The document also argues for creating a universal taxonomy and set of industry standards for the wider crypto industry.
Quick Take Over the past 30 days, The Block’s DeFi index has surged by ~102%. The following is an excerpt from The Block’s Data and Insights newsletter.
- 11:44Analyst: Bitcoin will soon reach 150,000 US dollarsAccording to data from the London Stock Exchange Group, Bitcoin fell in light holiday trading after failing to maintain its recent rise above $100,000. The recent rise of Bitcoin was driven by the prospect of a more friendly cryptocurrency policy under US President-elect Trump. Although the upward momentum of Bitcoin has stalled, its value has more than doubled so far this year and some analysts predict it will soon reach $150,000.
- 11:38Data: Copper transferred 923 Bitcoins to the CEX exchange, valued at approximately 88.76 million US dollarsAccording to iChainfo monitoring, the Copper address 1JZ6…Tj9m has transferred 923 Bitcoins to the CEX exchange address 1J5a…K1bB, with a total value of approximately 88.76 million US dollars.
- 09:54Data: The total locked-in value of Ethereum L2 has dropped to 46.79 billion US dollars, with a decrease of 13.2% in the last 7 daysAccording to L2BEAT data, the total value locked (TVL) in Ethereum Layer2 ecosystem has dropped to 46.79 billion US dollars, with a 7-day decline of 13.2%. The top five are: Arbitrum One (19.18 billion US dollars, 7-day drop of 9.96%); Base (12.91 billion US dollars, 7-day drop of 11.4%); OP Mainnet (7.17 billion US dollars, 7-day drop of 17.9%); Blast (1.21 billion US dollars, a seven day decrease of 17.7%); ZKsync Era (1.09 billion US dollars, a seven day decrease of 19.9%).
