Ethereum revenue, the share of network fees that accrue to Ether (ETH) holders as a result of token burns, dropped by about 44% in August, even amid all-time high ETH prices. Revenue for August totaled over $14.1 million, down from July’s $25.6 million, according to Token Terminal. The drop occurred amid ETH rallying by 240%…
Ripple has finally finished its legal battle against the US Securities and Exchange Commission, bringing legal clarity to its underlying coin, XRP (XRP). Now observers are asking whether XRP can finally focus on providing a viable alternative to SWIFT. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has been the backbone of international money transfers…
The Bitcoin (BTC) mining difficulty, the average difficulty level for mining a block on the network, climbed to a new all-time high of 134.7 trillion on Friday. Network difficulty hit a previous all-time high in August and steadily rose throughout the month, despite projections that network difficulty would decrease. Bitcoin’s hashrate, the average of the…
Opinion by: Evan Kuhn, president of DeLorean Labs When car manufacturers develop a new model, their fragmented logistics and sales cycle mean that even if a customer puts down a deposit, they have no feasible or reliable way of projecting delivery for that car. Eager car buyers can wait months or even years after paying…
Traders who predict Bitcoin will reach its cycle-high price by the end of this year may be misunderstanding the principles of statistics, a Bitcoin analyst says. It comes as several analysts have been forecasting the outcome for Bitcoin (BTC) in recent times. “Anyone who thinks Bitcoin has to peak in Q4 of this year does…
Key takeaways: Ether (ETH) is teasing a continuation of its bull cycle as the cumulative exchange net flow turns negative for the first time in history. Is this the trigger required to push ETH price back into price discovery? ETH exchange flux balance turns negative Founder and CEO of data analytics platform Alphractal, Joao Wedson,…
What is hodling crypto? Hodling crypto means holding onto cryptocurrency long-term instead of selling, regardless of market volatility. In 2013, a late-night forum post on Bitcointalk was titled “I AM HODLING.” The user, clearly frustrated with market swings and maybe a few drinks in, meant to say “holding.” Nevertheless, the typo stuck. In the years…
Key takeaways: Rising demand for government bonds and gold underscores recession fears, limiting Bitcoin’s ability to sustain bullish momentum. Correlation with equities remains high, but structural catalysts like Strategy’s S&P 500 inclusion could shift sentiment. Bitcoin (BTC) failed to hold onto its bullish momentum on Thursday as traders fled toward the safety of government bonds…
Trading company and market maker Wintermute asked the United States Securities and Exchange Commission (SEC) to confirm that network tokens should not be classified as securities. In formal feedback to the agency’s request for comment, the company said clear guidance on the security status of tokens is necessary to avoid the misapplication of securities laws…
Key takeaways: $300 million outflows from US-listed Ethereum ETFs represent just 1.3% of assets under management. Derivatives positioning and stable long-to-short ratios suggest strong $4,300 support despite leveraged long liquidations. Ether (ETH) rallied 4.7% on Wednesday, pushing further from the $4,300 level after breaking its seven-day downtrend. Derivatives data suggest resilience despite notable outflows from…
