Sonic, as the first gaming Layer-2 (L2) infrastructure on Solana, has quickly made waves in the blockchain gaming industry by achieving significant milestones shortly after its launch. Notably, within just one week of initiating the Sonic Testnet Odyssey, the platform managed to attract over 100,000 unique wallets and process an impressive 17 million transactions. These
Recent analysis by IntoTheBlock has uncovered a significant shift in Bitcoin accumulation patterns, particularly among large holders of the cryptocurrency. Despite prevailing market sentiments of fear, uncertainty, and doubt (FUD), data shows that holders with control of at least 0.1% of the total Bitcoin supply have been quietly increasing their holdings. On June 24th, during
The Chief Investment Officer (CIO) of Bitwise, Matt Hougan, recently shared some insights on the potential inflows that the US Spot Ethereum ETFs could attract. His estimated figures and calculations shed light on the possible scenario that could unfold in the upcoming months. Hougan mentioned in a note to investors that the Spot Ethereum ETFs
Bitcoin, often referred to as the digital gold, has had a rollercoaster ride in terms of price movements. The Bitcoin Rainbow Chart, a tool that analyzes price movements through a logarithmic scale, currently places Bitcoin in the “Buy” zone. This suggests that there is still room for growth before reaching a peak. Moreover, historical price
Bitcoin recently faced a significant rejection at the $62,498 resistance level, signaling a prevailing bearish dominance in the market. This failure to break through a critical threshold has raised concerns about potential downward trends and highlights the strength of selling pressure among traders and investors. As of the time of writing, the market capitalization of
The recent strategic partnership between Oasys and Vortex Gaming, a subsidiary of Inven, signifies a significant move to broaden Oasys’ presence in the Korean gaming market. By collaborating with Vortex Gaming, Oasys aims to provide Vortex players with access to the latest blockchain-based games available on the platform. This partnership also grants Oasys access to
During the Bloomberg Investment Summit interview, SEC Chair Gary Gensler expressed optimism regarding the approval process for spot Ethereum ETFs. He emphasized the importance of asset managers making full disclosures to ensure the effectiveness of registration statements. While Gensler did not provide a specific timeline for when spot Ethereum ETFs would go live, he mentioned
The recent outflows in Spot Bitcoin ETFs have sparked concerns among investors, as they have now recorded seven consecutive days of outflows. These outflows, averaging around $100 million daily, have led to a total of $1.2 billion being pulled out from the funds so far. The correlation between these outflows and the decline in the
The ongoing lawsuit between Ripple Labs and the US Securities and Exchange Commission has been a subject of intense speculation and debate since it began in 2020. With the trial still ongoing, the outcome remains uncertain, leaving many investors anxious about the future of XRP. The central issue at hand is whether XRP should be
FTX has been granted approval by a US bankruptcy court to proceed with a liquidation plan that involves paying customer claims in cash, as reported by Reuters. This plan overrides objections from customers who argue for higher payouts due to the increase in crypto prices since FTX’s collapse in November 2022. Customer Concerns and Objections
