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Vitalik Buterin donated 30 ETH ($111,000) to a legal defense fund for Tornado Cash developers via Juicebox. The fund, created via Juicebox, has so far raised 591 ETH ($2.2 million) to legally support Alexey Pertsev and Roman Storm.
Bitcoin price movements may “appear random,” but critical drivers such as inflation are what’s making it move, according to a crypto analyst.
The 11 U.S. spot bitcoin ETFs reported a total daily net inflow of $28.32 million on Wednesday.As of Tuesday, BlackRock’s IBIT became the largest spot bitcoin ETF in terms of net assets.
Web3 credentials platform Galxe plans to launch a new Layer 1 blockchain named Gravity, aimed at streamlining cross-chain interactions. The alpha mainnet, using the Arbitrum Nitro stack, is targeted to launch in June 2024 for preliminary testing. A fully operational mainnet is expected in the second quarter of 2025.
- 09:14Data: Circle has issued an additional 250 million USDC on the Solana chainChainCatcher news, according to on-chain data, about half an hour ago, US dollar stablecoin issuer Circle issued an additional 250 million USDC on the Solana chain.
- 09:11The income from TRUMP's mainstream liquidity pool LP protocol has risen to second place across the entire network, only behind TetherGolden Finance reports that on January 18, according to monitoring by @ai_9684xtpa, TRUMP's mainstream liquidity pool protocol income in Meteora has ranked second in the entire network over the past 24 hours within just 5 hours, only behind Tether. The LP income reached $12.2 million.
- 09:09Analyst: The 180-day MVRV Z-Score indicates that BTC is not yet extremely overbought, and it is expected to rise significantlyOdaily Planet Daily reports that currently, Bitcoin is nearing a crucial moment of breaking through its peak. If successful, analysts predict a large-scale rebound will occur, quickly setting new historical highs in succession. Investors are particularly optimistic because historically, the year after halving has brought the highest returns for BTC, making this stage critical for long-term growth. CryptoQuant analyst Axel Adler points out that the BTC market is still in a growth phase, supported by the smooth MVRV Z score of the 180-day moving average line. This indicator is commonly used to assess market conditions and suggests that Bitcoin's price has not yet reached extreme overbought levels, leaving room for significant increases.