Bitcoin network activity has fallen to an eight-year low, but the price has barely reacted. According to CryptoQuant, the number of active BTC addresses on April 8 dropped to its lowest level since 2016. Meanwhile, a fresh estimate from Glassnode shows 661,313 active addresses in a day. When you compare this to a price of…
Combo of the Day in Pixeltap by Pixelverse for April 20 The work week started as usual, just like dozens of weeks before, because the Pixeltap combo for today, April 20, has not moved an inch. Daily Combo Pixel Tap We do not need major changes, but when it comes to the Daily Combo by…
Crypto traders traded more than $500 million in synthetic oil futures over the weekend on the decentralized exchange Hyperliquid. The bet is that a new escalation in the Middle East could push oil prices back to $100 per barrel. A sharp spike in blockchain trading activity occurred after Iran unexpectedly closed the Strait of Hormuz…
Bitcoin surged sharply after Iran announced the opening of the Strait of Hormuz for commercial shipping. The BTC price hit its highest since February, oil prices fell, the US stock market set another record, and the yield on 10-year government bonds dropped to 4.24%. But there is a nuance. The markets behaved as if the…
Bitcoin is holding around $77,000, but mining economics are tightening. Miner pressure is rising because the comparison is shifting from price alone to operating costs and alternative revenue streams. In particular, the industry is increasingly weighing mining revenue against revenue opportunities tied to artificial intelligence, and the choice is becoming less obvious. At present, average…
The new political committee Fellowship PAC has revealed its first donors and immediately found itself in the spotlight. The report lists about $11 million from major players, including Cantor Fitzgerald and Anchorage Digital, as well as direct ties to Tether and its leadership. The disclosure coincided with the start of an active political campaign. The…
Justin Sun publicly offered the KelpDAO hacker negotiations for the return of funds after a hack totaling nearly $292 million. The incident has already spread beyond a single platform and hit Aave, where a large amount of bad debt has formed. The attack occurred on April 18. The perpetrator withdrew 116,500 rsETH through a vulnerability…
Polymarket is discussing a new funding round of $400 million at a $15 billion valuation. If the deal goes through, the platform will cement its status as one of the largest players in the prediction market segment and strengthen its position in competition with Kalshi. The new valuation is significantly higher than previous benchmarks. Last…
Aave is facing a serious disruption following the $293 million Kelp DAO hack. Nearly $8 billion was withdrawn from the protocol, and AAVE fell by almost 20% in a single day. Aave’s TVL dropped from about $26.4 billion to $18.6 billion, temporarily ending its DeFi leadership position. The main damage stemmed from collateral use rather…
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