Solana open interest sheds nearly $440M as price slumps 11%
Solana open interest (OI) and its price have declined in the past 24 hours mirroring a broader decline across the cryptocurrency market. However, traders are remaining optimistic, viewing it as a “good opportunity.”
On April 14, Solana’s OI stood at $1.62 billion, approximately 21% down from the previous day, as per CoinGlass data. OI measures…
https://cryptoinsight.ae/solana-open-interest-sheds-nearly-440m-as-price-slumps-11/
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Solana open interest (OI) and its price have declined in the past 24 hours mirroring a broader decline across the cryptocurrency market. However, traders are remaining optimistic, viewing it as a “good opportunity.”
On April 14, Solana’s OI stood at $1.62 billion, approximately 21% down from the previous day, as per CoinGlass data. OI measures…
https://cryptoinsight.ae/solana-open-interest-sheds-nearly-440m-as-price-slumps-11/
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What is restaking, and how to restake Ethereum to boost rewards?
In proof-of-stake (PoS) blockchains such as Ethereum, the network’s security syncs with the number of active validators, the percentage of circulating tokens staked, and the allocation of these tokens among the active validators. Restaking mechanisms incentivize these staked tokens — otherwise lying inactive — to improve the overall functioning of the blockchain.
This article discusses…
https://cryptoinsight.ae/what-is-restaking-and-how-to-restake-ethereum-to-boost-rewards/
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In proof-of-stake (PoS) blockchains such as Ethereum, the network’s security syncs with the number of active validators, the percentage of circulating tokens staked, and the allocation of these tokens among the active validators. Restaking mechanisms incentivize these staked tokens — otherwise lying inactive — to improve the overall functioning of the blockchain.
This article discusses…
https://cryptoinsight.ae/what-is-restaking-and-how-to-restake-ethereum-to-boost-rewards/
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Bitcoin miners could dump $5B in BTC after halving: 10x Research
There could be a large outflow of Bitcoin from miners in the months following the halving as in previous cycles, according to a market analyst.
Bitcoin miners could potentially liquidate $5 billion worth of BTC after the halving according to calculations by the head of research at 10x Research, Markus Thielen, in an April 13…
https://cryptoinsight.ae/bitcoin-miners-could-dump-5b-in-btc-after-halving-10x-research/
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There could be a large outflow of Bitcoin from miners in the months following the halving as in previous cycles, according to a market analyst.
Bitcoin miners could potentially liquidate $5 billion worth of BTC after the halving according to calculations by the head of research at 10x Research, Markus Thielen, in an April 13…
https://cryptoinsight.ae/bitcoin-miners-could-dump-5b-in-btc-after-halving-10x-research/
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Only 6 altcoins in the top 50 have outperformed Bitcoin this year
Only six altcoins among the top 50 tokens by market cap have managed to outperform Bitcoin so far this year, asBitcoin dominance reached a three-year high over the weekend.
The memecoin Dogecoin stands as the best-performing altcoin in the top 50, having posted year-to-date gains of just over 77% — climbing from $0.09 on Jan.…
https://cryptoinsight.ae/only-6-altcoins-in-the-top-50-have-outperformed-bitcoin-this-year/
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Only six altcoins among the top 50 tokens by market cap have managed to outperform Bitcoin so far this year, asBitcoin dominance reached a three-year high over the weekend.
The memecoin Dogecoin stands as the best-performing altcoin in the top 50, having posted year-to-date gains of just over 77% — climbing from $0.09 on Jan.…
https://cryptoinsight.ae/only-6-altcoins-in-the-top-50-have-outperformed-bitcoin-this-year/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.4 Trillion, a -3.8% change in the last 24 hours
Bitcoin ~ $62,907.77 (-4.6%)
Ethereum ~ $3,064.10 (-4.8%)
Solana ~ $134.53 (-12.6%)
Polkadot ~ $6.64 (-4.5%)
Flow ~ $0.8682 (-8.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.4 Trillion, a -3.8% change in the last 24 hours
Bitcoin ~ $62,907.77 (-4.6%)
Ethereum ~ $3,064.10 (-4.8%)
Solana ~ $134.53 (-12.6%)
Polkadot ~ $6.64 (-4.5%)
Flow ~ $0.8682 (-8.3%)
Follow and subscribe - @GulfCryptoInsight
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Hong Kong’s Ether, Bitcoin ETFs will be ‘lucky to get $500m’
Three recently approved spot Bitcoin and Ether exchange-traded funds (ETFs) in Hong Kong may not be as big of a deal as some may think, according to senior Bloomberg ETF analyst Eric Balchunas.
On April 15, The Hong Kong Securities and Futures Commission (SFC) issued conditional approvals to three offshore Chinese asset managers to begin…
https://cryptoinsight.ae/hong-kongs-ether-bitcoin-etfs-will-be-lucky-to-get-500m/
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Three recently approved spot Bitcoin and Ether exchange-traded funds (ETFs) in Hong Kong may not be as big of a deal as some may think, according to senior Bloomberg ETF analyst Eric Balchunas.
On April 15, The Hong Kong Securities and Futures Commission (SFC) issued conditional approvals to three offshore Chinese asset managers to begin…
https://cryptoinsight.ae/hong-kongs-ether-bitcoin-etfs-will-be-lucky-to-get-500m/
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OKX launches Ethereum layer-2 network for lower fees & interoperability
Cryptocurrency exchange OKX has joined the likes of Coinbase in launching an in-house Ethereum-based layer-2 network to provide lower fees and interoperability for users interacting with decentralized applications.
OKX’s launched the public mainnet of X Layer, its zero-knowledge proof powered network, on April 15. The network was built using Polygon’s chain development kit (CDK) and…
https://cryptoinsight.ae/okx-launches-ethereum-layer-2-network-for-lower-fees-interoperability/
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Cryptocurrency exchange OKX has joined the likes of Coinbase in launching an in-house Ethereum-based layer-2 network to provide lower fees and interoperability for users interacting with decentralized applications.
OKX’s launched the public mainnet of X Layer, its zero-knowledge proof powered network, on April 15. The network was built using Polygon’s chain development kit (CDK) and…
https://cryptoinsight.ae/okx-launches-ethereum-layer-2-network-for-lower-fees-interoperability/
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Arkham’s top 5 doxed crypto hodlers own $3.5B, but 35% is untouchable
The top five identified crypto whales with publicly known wallet addresses hold around $3.5 billion in crypto, according to a dashboard from blockchain intelligence firm Arkham.
However, due to lost passwords and private keys, a large chunk of it is inaccessible.
On April 15, the on-chain intelligence platform announced the updated dashboard revealing the holdings…
https://cryptoinsight.ae/arkhams-top-5-doxed-crypto-hodlers-own-3-5b-but-35-is-untouchable/
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The top five identified crypto whales with publicly known wallet addresses hold around $3.5 billion in crypto, according to a dashboard from blockchain intelligence firm Arkham.
However, due to lost passwords and private keys, a large chunk of it is inaccessible.
On April 15, the on-chain intelligence platform announced the updated dashboard revealing the holdings…
https://cryptoinsight.ae/arkhams-top-5-doxed-crypto-hodlers-own-3-5b-but-35-is-untouchable/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.43 Trillion, a 1.6% change in the last 24 hours
Bitcoin ~ $63,875.69 (1.3%)
Ethereum ~ $3,089.88 (0.5%)
Solana ~ $139.13 (2.7%)
Polkadot ~ $6.65 (-0.1%)
Flow ~ $0.882 (0.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.43 Trillion, a 1.6% change in the last 24 hours
Bitcoin ~ $63,875.69 (1.3%)
Ethereum ~ $3,089.88 (0.5%)
Solana ~ $139.13 (2.7%)
Polkadot ~ $6.65 (-0.1%)
Flow ~ $0.882 (0.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
GameFi ecosystem makes a comeback amid surging crypto prices
After a dormant 2022 and much-muted 2023, GameFi projects are making a comeback as the bull market rages.
This week, move-to-earn protocol StepN announced it would partner with Adidas for a 1,000 Genesis Edition nonfungible tokens (NFT) drop on Solana. The launch is part of an ongoing one-year partnership between the two firms that will…
https://cryptoinsight.ae/gamefi-ecosystem-makes-a-comeback-amid-surging-crypto-prices/
Website | Twitter | LinkedIn | Telegram
After a dormant 2022 and much-muted 2023, GameFi projects are making a comeback as the bull market rages.
This week, move-to-earn protocol StepN announced it would partner with Adidas for a 1,000 Genesis Edition nonfungible tokens (NFT) drop on Solana. The launch is part of an ongoing one-year partnership between the two firms that will…
https://cryptoinsight.ae/gamefi-ecosystem-makes-a-comeback-amid-surging-crypto-prices/
Website | Twitter | LinkedIn | Telegram
Bitcoin halving impact on altcoins
Bitcoin’s growing dominance over the last 15 years signifies the importance of the mechanisms creator Satoshi Nakamoto devised to overcome the shortcomings of the fiat ecosystem — one of them being halving.
Nakamoto invented the Bitcoin halving mechanism, which reduces the BTC rewards for mining over time to slow down the issuance of the limited…
https://cryptoinsight.ae/bitcoin-halving-impact-on-altcoins/
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Bitcoin’s growing dominance over the last 15 years signifies the importance of the mechanisms creator Satoshi Nakamoto devised to overcome the shortcomings of the fiat ecosystem — one of them being halving.
Nakamoto invented the Bitcoin halving mechanism, which reduces the BTC rewards for mining over time to slow down the issuance of the limited…
https://cryptoinsight.ae/bitcoin-halving-impact-on-altcoins/
Website | Twitter | LinkedIn | Telegram
‘Bitcoin will reach over $1M’ — Animoca founder at WebSummit Rio
Yat Siu, the founder of Animoca Brands, spoke at WebSummit Rio on April 16 on a panel titled “Bitcoin’s Revenge: Is Web3 Making a Comeback?”
At the panel, Siu said he has no doubt that Bitcoin will reach $1 million:
“I do believe that Bitcoin could reach over a million dollars-plus over time. But, I…
https://cryptoinsight.ae/bitcoin-will-reach-over-1m-animoca-founder-at-websummit-rio/
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Yat Siu, the founder of Animoca Brands, spoke at WebSummit Rio on April 16 on a panel titled “Bitcoin’s Revenge: Is Web3 Making a Comeback?”
At the panel, Siu said he has no doubt that Bitcoin will reach $1 million:
“I do believe that Bitcoin could reach over a million dollars-plus over time. But, I…
https://cryptoinsight.ae/bitcoin-will-reach-over-1m-animoca-founder-at-websummit-rio/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.35 Trillion, a -3.3% change in the last 24 hours
Bitcoin ~ $61,183.48 (-4.1%)
Ethereum ~ $2,979.70 (-3.5%)
Solana ~ $132.37 (-5.0%)
Polkadot ~ $6.61 (-0.8%)
Flow ~ $0.8492 (-3.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.35 Trillion, a -3.3% change in the last 24 hours
Bitcoin ~ $61,183.48 (-4.1%)
Ethereum ~ $2,979.70 (-3.5%)
Solana ~ $132.37 (-5.0%)
Polkadot ~ $6.61 (-0.8%)
Flow ~ $0.8492 (-3.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Bitcoin halving searches on Google is at its highest point ever
The level of interest in the ‘Bitcoin halving’ on Google has soared to its highest point of all time, with predicted data pegging it at more than double that of the last halving in 2020.
Search interest for the term ‘Bitcoin halving’ has already reached a score of 45, according to Google Trends data —…
https://cryptoinsight.ae/bitcoin-halving-searches-on-google-is-at-its-highest-point-ever/
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The level of interest in the ‘Bitcoin halving’ on Google has soared to its highest point of all time, with predicted data pegging it at more than double that of the last halving in 2020.
Search interest for the term ‘Bitcoin halving’ has already reached a score of 45, according to Google Trends data —…
https://cryptoinsight.ae/bitcoin-halving-searches-on-google-is-at-its-highest-point-ever/
Website | Twitter | LinkedIn | Telegram
The next ICO boom is coming — and it will be better than 2018
The ICO boom of 2018 was an absolute disaster. It was a Wild West that saw venture capital (VC) funds throwing money at the wall to see what stuck with little regard for due diligence. More than $7 billion was funneled into ICOs in 2018, often based on little more than a drunken conversation at…
https://cryptoinsight.ae/the-next-ico-boom-is-coming-and-it-will-be-better-than-2018/
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The ICO boom of 2018 was an absolute disaster. It was a Wild West that saw venture capital (VC) funds throwing money at the wall to see what stuck with little regard for due diligence. More than $7 billion was funneled into ICOs in 2018, often based on little more than a drunken conversation at…
https://cryptoinsight.ae/the-next-ico-boom-is-coming-and-it-will-be-better-than-2018/
Website | Twitter | LinkedIn | Telegram
Solana price takes another tumble — Can SOL hold above $130?
Solana’s native token SOL experienced a significant 21% decline over the past week, reaching its lowest point in nearly six weeks. This downturn triggered a substantial $113 million in liquidations of leveraged long SOL futures contracts since April 11, suggesting that investors may have been overly optimistic following SOL’s 61% price surge in March.
This…
https://cryptoinsight.ae/solana-price-takes-another-tumble-can-sol-hold-above-130/
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Solana’s native token SOL experienced a significant 21% decline over the past week, reaching its lowest point in nearly six weeks. This downturn triggered a substantial $113 million in liquidations of leveraged long SOL futures contracts since April 11, suggesting that investors may have been overly optimistic following SOL’s 61% price surge in March.
This…
https://cryptoinsight.ae/solana-price-takes-another-tumble-can-sol-hold-above-130/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.37 Trillion, a 0.5% change in the last 24 hours
Bitcoin ~ $61,954.77 (1.1%)
Ethereum ~ $2,994.03 (-0.3%)
Solana ~ $137.86 (2.5%)
Polkadot ~ $6.51 (-2.1%)
Flow ~ $0.8474 (-1.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.37 Trillion, a 0.5% change in the last 24 hours
Bitcoin ~ $61,954.77 (1.1%)
Ethereum ~ $2,994.03 (-0.3%)
Solana ~ $137.86 (2.5%)
Polkadot ~ $6.51 (-2.1%)
Flow ~ $0.8474 (-1.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Binance gets Dubai crypto license following CZ’s departure: Report
Binance, the world’s largest cryptocurrency exchange, received a long-awaited regulatory license in Dubai.
Binance received its Virtual Asset Service Provider (VASP) license after co-founder Changpeng Zhao gave up his voting power in the exchange’s local entity, unnamed people familiar with the matter told Bloomberg on April 18.
The Virtual Assets Regulatory Authority’s (VARA) final requirement…
https://cryptoinsight.ae/binance-gets-dubai-crypto-license-following-czs-departure-report/
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Binance, the world’s largest cryptocurrency exchange, received a long-awaited regulatory license in Dubai.
Binance received its Virtual Asset Service Provider (VASP) license after co-founder Changpeng Zhao gave up his voting power in the exchange’s local entity, unnamed people familiar with the matter told Bloomberg on April 18.
The Virtual Assets Regulatory Authority’s (VARA) final requirement…
https://cryptoinsight.ae/binance-gets-dubai-crypto-license-following-czs-departure-report/
Website | Twitter | LinkedIn | Telegram
Ethereum on track for $1B annual profit as DeFi drives Q1 revenue
Blockchain network Ethereum is on the path to $1 billion in annualized profits after it netted income of $365 million in Q1, coming alongside a year-on-year quarterly revenue growth of 155%.
The network’s 2024 first-quarter income is a nearly 200% bump from the $123 million profit in Q4 2023, according to an April 17 report…
https://cryptoinsight.ae/ethereum-on-track-for-1b-annual-profit-as-defi-drives-q1-revenue/
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Blockchain network Ethereum is on the path to $1 billion in annualized profits after it netted income of $365 million in Q1, coming alongside a year-on-year quarterly revenue growth of 155%.
The network’s 2024 first-quarter income is a nearly 200% bump from the $123 million profit in Q4 2023, according to an April 17 report…
https://cryptoinsight.ae/ethereum-on-track-for-1b-annual-profit-as-defi-drives-q1-revenue/
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Tether announces restructuring to go beyond stablecoins
Tether — the operator of the eponymous Tether stablecoin, the world’s largest stablecoin by market value — is restructuring to introduce new divisions beyond stablecoin development.
The stablecoin giant has launched a new framework introducing four new business divisions, including Tether Data, Tether Finance, Tether Power and Tether Edu, according to an official announcement on…
https://cryptoinsight.ae/tether-announces-restructuring-to-go-beyond-stablecoins/
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Tether — the operator of the eponymous Tether stablecoin, the world’s largest stablecoin by market value — is restructuring to introduce new divisions beyond stablecoin development.
The stablecoin giant has launched a new framework introducing four new business divisions, including Tether Data, Tether Finance, Tether Power and Tether Edu, according to an official announcement on…
https://cryptoinsight.ae/tether-announces-restructuring-to-go-beyond-stablecoins/
Website | Twitter | LinkedIn | Telegram