In the dynamic world of crypto markets, recent trends have illuminated intriguing divergences in the altcoin market, particularly between ethereum and solana, relative to bitcoin. A comprehensive report published by Glassnode, an onchain analytics firm, delves into this phenomenon. Altcoin Dynamics Altered: Ethereum and Solana Lead Post-ETF Era In the latest edition of Glassnode’s …
In a groundbreaking move, NYSE Arca Inc. has submitted a proposal to amend its rules to enable options trading on commodity-based trust shares, specifically targeting bitcoin-based ETFs. This initiative, detailed in the 19b-4 filing with the SEC, marks a significant advancement in the financial products available for crypto investors. The NYSE’s proposal aligns with the […]
According to recent statistics on non-fungible tokens (NFTs) for the past year, sales hit $ 8.70 billion in 2023. This figure represents a $ 15.04 billion or 63.35% decrease in NFT sales compared to the previous year. 2023’s NFT Sales Volume Declined Sharply, but Year-End Market Dynamics Hint at Diversity and Growth Throughout …
A new report from Grayscale Investments reveals that bitcoin ownership is more widely distributed than commonly believed, with 74% of addresses holding less than $ 350 worth. However, around 40% of bitcoin supply is concentrated among institutions like exchanges, miners, governments, public companies, and long-term holders. Grayscale Research Team’s Bitcoin Analysis — Supply …
The stablecoin economy experienced growth in October after several consecutive monthly declines. In the last month, a total of $ 608 million was added to the fiat-pegged token market. Despite the increase, six stablecoins out of the top ten saw supply reductions during the month. Fiat-Pegged Token Market Grows Modestly in October, With First …