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In August 2022, Bitcoin futures trading volume hit its lowest point since November 2020. According to data from The Block Research, Bitcoin futures trading volume for August 2022 totaled $941.5 billion across exchanges. This marks the first month below $1 trillion since December 2020, when the volume was $970.
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Bitcoin has been extremely volatile recently, resulting in some frustrating price swings. In this analysis, 68Trading will provide a personal outlook on Bitcoin's trend for September. Monthly Chart (1M) The August candle has closed, showing a significant bearish move with trading volume exceeding that of July. This indicates
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Emin Gün Sirer, the founder of Avalanche, has denied allegations targeting the project following reports that Avalanche hired lawyers to create legal troubles for competitors. Image: Business Insider Details: Avalanche Accused of "Dirty Tricks" Against Competitors, Including Binance After 24 hours of intense speculation, Emin Gün Sirer, the
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Pika Protocol, a derivatives protocol on Optimism, has recently announced an airdrop program to reward early users and contributors to the project. Pika Protocol will distribute a total of 900,000 OP tokens with the following allocation: * 150,000 OP for Traders: 30% of this allocation will go to early
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Moonbeam, a parachain on the Polkadot network, has just integrated the cross-chain data protocol LayerZero. On the evening of August 29, Moonbeam announced its new partnership with LayerZero via its Twitter account. According to Etherscan, Moonbeam has supported approximately 9.6 million transactions. This parachain had previously integrated Polkadot'
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Bitcoin (BTC) and the entire cryptocurrency market experienced intense volatility in the early hours of August 27th, following remarks by Fed Chair Jerome Powell about the current inflation situation in the U.S. On the evening of August 26th, during his highly anticipated annual policy speech at the Jackson Hole
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Hetzner, a leading German cloud hosting provider supporting nearly 16% of Ethereum nodes, has announced that it will no longer allow its resources to be used for cryptocurrency mining or staking. Following the recent backlash against major crypto entities for blocking wallets interacting with Tornado Cash due to U.S.
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Tether, the issuer of the USDT stablecoin, has deemed the freezing of Tornado Cash wallet addresses premature and is awaiting a clear directive from authorities before taking action. Tether Stands Firm on Not Freezing Tornado Cash Addresses Despite Sanctions Tether has maintained its stance on not freezing sanctioned Tornado Cash
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Grayscale Investments, one of the largest cryptocurrency investment firms in the world, has made some controversial statements about XRP. On August 21st, Stefan Huber’s Twitter account shared a document that Grayscale submitted to the U.S. Securities and Exchange Commission (SEC) explaining the differences between Stellar Lumens (XLM) and
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The world’s leading cryptocurrency exchange, Binance, has announced it will waive trading fees for Ethereum (ETH) in preparation for The Merge upgrade. Binance Waives ETH/BUSD Trading Fees in Anticipation of The Merge On the evening of August 23rd, Binance announced it will offer zero trading fees for the
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Cardano's Vasil hard fork testnet has hit a major snag, threatening the success of this year’s most anticipated upgrade for the network. Cardano's Vasil Hard Fork Testnet Hits “Critical” Bug Just Two Weeks Post-Launch On August 18, Cardano developer Adam Dean shared troubling updates on
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The asset management platform Gnosis Safe has confirmed it will be conducting an airdrop for over 21,000 users ahead of its DAO formation. Gnosis Confirms Token Airdrop for 21,000 Users In the early hours of today, Gnosis Safe confirmed it will distribute an airdrop to users following the
