Author: Digicoinvision
In a high-bet DeFi maneuver, Unipcs (aka ‘Bonk Guy’) has shifted a considerable amount of $ASTER tokens to Euler Finance. Specifically, Unipcs has transferred up to $3.6M in $ASTER to Euler Finances. As per the data from Lookonchain, a prominent on-chain analytics provider, the shift of $ASTER tokens led to the subsequent borrowing of nearly 1.52M $USDT. Following that, the Unipcs has deployed almost 1.28M $USDT to buy 7.47M $4 tokens. Unipcs(@theunipcs) deposited 1.74M $ASTER($3.6M) to Euler Finance and borrowed 1.52M $USDT today.Then Unipcs spent 1.28M $USDT to buy 7.47M $4 at $0.172 over the past 8 hours. https://t.co/rlB8UJGUNp pic.twitter.com/wKQMtIqzQ9—…
Key points:Solid inflows into spot Bitcoin ETFs show that bulls are back in the driver’s seat and a rally to a new all-time high is likely.BNB is leading the altcoin recovery, with several altcoins poised to break above their overhead resistance levels.Bitcoin (BTC) rose close to $123,900 on Friday, continuing its march toward the all-time high of $124,474. BTC’s recovery is backed by solid demand from the bulls, and the US spot BTC exchange-traded funds recorded $2.25 billion in inflows since Monday, according to Farside Investors data.Analysts expect BTC to surge to a new all-time high. Capriole Investments founder Charles…
Network revenues across the blockchain ecosystem declined by 16% month-over-month in September, mainly due to reduced volatility in the crypto markets, according to asset manager VanEck.Ethereum network revenue fell by 6%, Solana’s fell by 11%, and the Tron network recorded a 37% reduction in fees, due to a governance proposal that reduced gas fees by over 50% in August, according to VanEck’s report.The revenue drop in the other networks was attributed to reduced volatility in the crypto markets and the underlying tokens powering those networks. Ether (ETH) volatility dropped by 40%, SOL (SOL) volatility fell by 16%, and Bitcoin (BTC)…
Dogecoin (DOGE) is currently showing signs of entering one of its strongest bullish phases yet, with an analyst pointing toward a rare chart formation that could trigger a powerful upside rally. According to technical analysis, Dogecoin may be on its way to hitting new all-time highs, with $0.8 marked as the next bullish target. Related Reading Analyst Doubles Down On Bold Dogecoin Forecast A new analysis by Mikybull Crypto, a prominent market expert on X social media, reveals that Dogecoin has completed the critical phases of a Bump and Run reversal chart pattern—a setup that historically precedes explosive breakouts. With…
Chief investment officer of crypto asset management firm Bitwise, Matt Hougan, thinks Solana will be the Wall Street network of choice for stablecoins and real-world asset tokenization.“I think Solana is the new Wall Street,” said Hougan, speaking with Solana Labs’ Akshay Rajan on Oct. 2. He added that the Wall Street audiences consider Bitcoin (BTC) “very ephemeral” and “hard to get their heads around.”They can see what is happening in the stablecoin and tokenization space, and they know that it is going to be “enormously significant,” he said before adding, “Really important people are saying that stablecoins will reinvent payments…
Key Takeaways Why does Ethereum start Q4 bullish? Strong on-chain flows, record stablecoin supply, and a historic supply squeeze are fueling Ethereum’s spot demand and reinforcing bids under key support levels. What key level should traders watch? $4.5k is key as ETH looks set for a potential third higher low, setting the stage for a breakout toward $5k. Ethereum’s [ETH] Q4 breakout isn’t going to be smooth sailing. Last cycle, Bitcoin [BTC] outperformed ETH by nearly 2x, so BTC dominance remains a key headwind. Institutional players are already positioning for a repeat run, with capital flowing heavily into BTC ETFs.…
Gumi is ramping up its blockchain strategy with fresh funding, targeting XRP acquisitions, staking income, debt reduction, and deeper ties with Ripple. Japan’s Gumi Prepares for Blockchain Growth After Major Funding From SBI Tokyo-based game developer and crypto strategy company Gumi Inc. (Tokyo Stock Exchange: 3903) announced on Oct. 2 that its board approved the […]
The fresh data today shared by Phoenix Group listed the top trending crypto assets based on the order of their popularity. The current market capitalization of the broader cryptocurrency market, hitting $4.18 trillion, shows the resurgence of Bitcoin and altcoins. The tokens highlighted by the analyst appear to benefit from increased capital inflows amid the ongoing market rebound. However, the building momentum has not come easily. Factors, including the Fed’s rate cut, regulatory clarity, ETF approvals, increased entry of institutions into the crypto market, and diversification of investment opportunities beyond prominent assets, contributed to the wider market rally. TOP TRENDING…
Bitcoin miner CleanSpark ended September with 13,011 BTC in its treasury after reporting year-over-year gains in efficiency and output.The company said monthly production rose 27% from September 2024, with 629 Bitcoin (BTC) mined, and sold 445 BTC for roughly $48.7 million at an average price of $109,568. In its Friday update, CleanSpark said that fleet efficiency improved 26% year over year, while its average operating hashrate for the month was 45.6 EH/s.CleanSpark has been selling part of its monthly Bitcoin production since April as part of a push to become financially self-sufficient. It also opened an institutional Bitcoin trading desk…
Join Our Telegram channel to stay up to date on breaking news coverage US crypto exchange Coinbase has applied for a license to offer broader payments and custody services, aiming to bridge the gap between crypto and traditional finance. The exchange aims for National Trust Company Charter status, which would give it more authority to hold customer assets, process payments, and offer some financial services. ”The charter would continue to open up opportunities for Coinbase to launch new products beyond custody, including payments and related services, with the confidence of regulatory clarity,” it said in a statement. Coinbase clarified that…