September 18, 2024
Following the Federal Reserve's 50-basis-point interest rate cut, cryptocurrency markets remained relatively stable. This move made risk assets more attractive, leading to a slight increase in daily active addresses and a decrease in large transaction volume.
IntoTheBlock data: 8% decline in large transaction volume, 4% increase in daily active addresses, and a 238% narrowing of exchange netflows.
56,823 traders liquidated for $124 million in the past 24 hours.
U.S. Bitcoin ETFs continue to buy more than 100% of newly mined BTC, acquiring 2,921 Bitcoin yesterday compared to 450 mined.
Revolut plans to launch a stablecoin, emphasizing their belief in "banking without borders."
Jamie Dimon, CEO of JPMorgan, acknowledges the bank's extensive use of blockchain technology while dismissing cryptocurrencies as "pet rocks."
Ethereum co-founder Vitalik Buterin believes Donald Trump is the "favorite" over Kamala Harris for crypto.
Hamster Kombat aims to onboard the "next billion" users into Web3 with their new game development ecosystem.
Shiba Inu team announces the launch of K9 Finance Liquid Staking on Shibarium, potentially accelerating SHIB burns.
Crypto chart analyst Ali Martinez predicts a potential resumption of the bull market based on today's close above $61,500.
Crypto Bully (@BullyDCrypto) on Twitter provides updates on Bitcoin's price action and open interest.
Benzinga's Future of Digital Assets event on November 19 will explore the growing influence of Bitcoin as an institutional asset class.
A Bitcoin trader takes an $11.6 million profit, but the question remains - how much more are they sitting on?