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The cryptocurrency market experienced a surprising surge early on January 26, breaking out of a period of low volatility earlier in the week, with Bitcoin (BTC) and Aptos (APT) leading the charge. Price Movements of Major Cryptocurrencies as of 08:35 AM on January 26, 2023. Source: Coin360 Starting from
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Electric vehicle manufacturer Tesla has made no new Bitcoin transactions in Q4 2022, according to its latest financial report. Tesla Maintains Bitcoin Investment for Second Consecutive Quarter The Q4 2022 financial report reveals that Tesla still holds Bitcoin worth $184 million, down from $218 million at the end of Q3.
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The Binance stablecoin BUSD has seen its circulating supply drop by over $8 billion since mid-November 2022. According to data from CoinMarketCap, BUSD’s circulating supply hit a low of $15.3 billion on January 25, 2023, showing a continuous decline throughout January. This decline is a direct result of
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The value of Canto's native token, CANTO, has skyrocketed nearly 4x in the past week, setting a new all-time high. According to CoinMarketCap, CANTO is one of the strongest performers in the crypto market over the past 24 hours. On January 25, the price of CANTO surged by
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Ethereum founder Vitalik Buterin has successfully closed his short position on the stablecoin RAI, netting a profit of $92,000 after seven months. According to on-chain data, Vitalik Buterin initially opened his position between May and June 2022 by borrowing 400,000 RAI and selling it for 1.2 million
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Blockchain protocol Injective has announced the launch of a $150 million ecosystem development fund, sparking a 26% surge in the INJ token price. Injective Launches $150 Million Ecosystem Fund, INJ Price Rises 26% On the evening of January 25, Injective (INJ) revealed its plan to allocate $150 million towards developing
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centralized exchange dYdX will unexpectedly delay its token unlock by up to 10 months, causing a surge in DYDX prices. As of late January 25, dYdX has confirmed the postponement of the token unlock schedule for investors, employees, and advisors to December 2023, involving a total of 400 million DYDX
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After nearly two months of inflationary conditions, the amount of ETH burned from transaction fees has once again surpassed the supply from staking. Ethereum (ETH) Returns to Deflationary State Thanks to Revived Network Activity According to data from Ultrasound.money, the Ethereum network has returned to a deflationary state for
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Ethereum founder Vitalik Buterin recently published a blog post proposing a new solution called "Stealth Address" to bolster privacy protection for blockchain users. In his post, Vitalik emphasized that privacy protection remains one of the ecosystem’s significant challenges and that "addressing this issue is critically important.
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Ethereum is on the cusp of rolling out its Shanghai upgrade, which will notably include the ability to withdraw ETH from the Beacon Chain. On the evening of January 23rd, the network made significant strides towards its goal of implementing this upgrade by March of this year. On his personal
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Circle, the issuer of the USDC stablecoin, is planning to roll out a cross-chain swap feature for USDC in Q1 2023, named the Cross-Chain Transfer Protocol (CCTP). According to Jeremy Allaire, CEO of Circle, the company will introduce a cross-chain bridge for USDC in Q1 2023, aimed at making inter-blockchain
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