Bitcoin's hashrate hits record high amid miner sell-offs
Bitcoin's computing power has surged to record levels, even as miners ramp up BTC sales to cope with shrinking profit margins.
Keep up with what's happening in the crypto world in real-time.
Bitcoin's computing power has surged to record levels, even as miners ramp up BTC sales to cope with shrinking profit margins.
XRP might be the next cryptocurrency to get a spot ETF listing in the U.S. after bitcoin (BTC) and ether (ETH), analysts argued this week. However, the Deribit-listed options market,doesn't share this optimism.
TL;DR VanEck is set to launch the NODE ETF on May 14, providing exposure to 30 to 60 stocks tied to the crypto ecosystem, including exchanges, Bitcoin miners, and data centers. NODE aims to democratize access to the sector without requiring direct purchase of digital assets.
Ethereum has posted a strong recovery over the past week. On April 9 alone, the ETH market saw a growth of 8.24%. In the last 24 hours, the market has surged by over 1.5%. However, fresh on-chain data shows a disturbing trend – an unusually large influx of ETH to derivatives exchanges.
Jerome Powell has suggested a potential loosening of crypto-related banking rules, as the SEC simultaneously holds a roundtable with industry leaders to address crypto custody.
Story Highlights The live price of the Raydium crypto is . RAY price could reach a high of $5.13 in 2025. Raydium coin price may reach a high of $39.00 by 2030. Built on the Solana chain for the Serum DEX, Raydium is an AMM and a liquidity provider.
Former SEC Chair Gary Gensler stated on Wednesday that Bitcoin (CRYPTO: BTC) is driven almost entirely by sentiment rather than fundamentals. Reflecting on the cryptocurrency market, Gensler cautioned investors about the risks associated with assets lacking solid economic grounding, contrasting Bitcoin with thousands of other tokens.
The operation reached out to Ethereum wallet holders who had been compromised, whether or not they had already lost crypto.
As Polygon lays the groundwork for mainstream Web3 adoption in India by bringing blockchain access to over 450 million Reliance Jio users, it remains focused on balancing speed, scalability and affordability, without compromising on decentralization.Polygon is working with Jio, a telecom giant owned by India's richest man, Mukesh Ambani, to find ways to infuse blockchain technology into its existing services. The duo is currently adding blockchain-based capabilities to the JioSphere web browser, which would have been expensive, cumbersome and time-consuming via traditional methods.
Despite global macroeconomic headwinds, some assets, including Bitcoin, continue to outperform traditional investments.
The enigmatic Shiba Inu lead known to the community under the pseudonym Shytoshi Kusama has returned after yet another long, almost three-week absence.
Blockchain gaming network Immutable is charging ahead after the US SEC (Securities and Exchange Commission) closed its investigation into the platform's native token, IMX, in late March.
By Francisco Rodrigues (All times ET unless indicated otherwise)
Aligning with the broader crypto market trend, Cardano (ADA) and Dogecoin (DOGE) are showing signs of a potential rebound, with analysts remaining bullish. The crypto market is currently on an upward trajectory, with the total market cap reaching $2.66 trillion, representing a modest 0.83% surge.
JPMorgan says gold is attracting safe-haven demand from ETF and futures investors, while bitcoin is seeing the opposite trend.
New sanctions have reignited calls in Russia for financial self-reliance.
There are thousands of cryptocurrencies on the market these days. But there's just a handful of elite names I'd recommend buying in this unstable economy.
Bitcoin staking protocol Babylon saw $1.26 billion in BTC unstaked from its platform, plunging the protocol's total value locked by 32%. On April 17, blockchain analytics firm Lookonchain flagged several addresses that had unstaked 14,929 Bitcoin (BTC) from the staking platform.
As the dollar falters under the blows of trade tensions and macroeconomic doubts, Bitcoin emerges as a bold alternative. Between hopes for a rebound and strategic uncertainties, the cryptocurrency whispers a promise: to rewrite the rules of safe-haven value.
TL;DR sUSD Depeg Crisis: Synthetix's stablecoin sUSD has plunged below $0.80 amid significant protocol changes that have unsettled investors and traders. Impact of SIP-420 Upgrade: The recent SIP-420 upgrade, aimed at enhancing capital efficiency, has flooded markets with excess sUSD, disrupting traditional peg defense strategies and triggering chaotic trading conditions.
Solana is experiencing a renewed wave of investor interest, with more than $120 million in liquidity bridged to the network over the past 30 days. The post Over $120M Bridged to Solana in 30 Days, Led by $41.5M from Ethereum appeared first on Cryptonews.
Coinbase's Base network faced backlash after a tweet linked to a meme coin that soared to a $17.1 million market cap before crashing 90%, prompting Coinbase to clarify it had no official involvement with the token. The post Coinbase Distances Base from Viral Meme Coin After 90% Crash Post $17.1M Surge appeared first on Cryptonews.
Here's why stablecoin outpacing Visa in volume is crucial market shift for the sector.
