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Day: August 16, 2024

cryptocurrency August 16, 2024

As of Friday, BlackRock’s ETF (exchange-traded fund) became the largest collective holder in the market, surpassing Grayscale for the first time in on-chain holdings. Advertisements The rising interest in Bitcoin (BTC) and Ethereum (ETH) continues to fuel institutional demand following the approvals of ETFs. This shift highlights the growing confidence in these digital assets among […]

cryptocurrency August 16, 2024

Tron’s network activity hit $435 million, surpassing Ethereum’s $364 million. Its network revenue estimated to hit $2 billion in 2024. Tron’s [TRX] network adoption has experienced exponential growth over the past three months. Despite the high crypto market volatility, the network has surged in address, revenue, and activities. Advertisements The increase in Tron’s adoption arises […]

cryptocurrency August 16, 2024

Eigen Layer, a leading restaking protocol on Ethereum (ETH), saw at least $351 million worth of capital ooze out in the last 24 hours. Advertisements The drop follows shocking revelations about the protocol’s airdrop policy, with EigenLayer coming to its own defense. EigenLayer Airdrop Policy Controversy Users on X (formerly Twitter) were abuzz on Thursday following reports […]

cryptocurrency August 16, 2024

As $1.86 billion in Bitcoin (BTC) and Ethereum (ETH) options approach expiration, the crypto markets are grappling with heightened volatility, spurred by lower-than-expected US Consumer Price Index (CPI) data. Advertisements With the markets reacting sharply to this economic indicator, traders are preparing for potential price swings as the deadline approaches. What’s Next for Bitcoin and […]

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