Onchain Highlights DEFINITION: The percent of circulating supply that has not moved in at least 1 year. Bitcoin’s supply last active over a year ago has shown a recent decline, reflecting market conditions and holder behavior shifts. The percentage of dormant supply has decreased from approximately 70% at the start of 2024 to around 66% […]
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Polymarket, a leading prediction market platform, has seen a significant spike in website traffic, outpacing prominent DeFi platforms like Uniswap, dYdX, Compound, and GMX. The surge is primarily driven by intense interest in betting on the US presidential election, particularly on the potential face-off between former President Donald Trump and Vice President Kamala Harris. Polymarket […]
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Vice President Kamala Harris faces increasing pressure to clarify her stance on crypto as the 2024 election approaches or risk “ceding” the industry’s support to former President Donald Trump, according to a new think tank report. The report, published by the Official Monetary and Financial Institutions Forum (OMFIF), emphasized that Harris must engage with the […]
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Onchain Highlights DEFINITION: Bitcoin price performance since the halving against previous cycles.  Bitcoin’s price performance since the most recent halving in April has followed a distinct trajectory compared to previous halving events. Observing the historical price patterns, each halving epoch demonstrates unique price movements, reflecting varying market dynamics and investor sentiments. The first halving epoch (50 […]
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Former President Donald Trump has suggested that Bitcoin could be a key tool in addressing the United States’ burgeoning national debt, which has officially hit $35 trillion as of July 31. In an interview on Fox News on Aug. 2, Trump proposed an unconventional approach, hinting at the possibility of utilizing the flagship crypto to […]
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Jan Van Eck, CEO of the $107 billion asset manager VanEck, has predicted that Bitcoin could rally to $350,000 per coin as central banks embark on quantitative easing. In a recent interview with Fox Business, Van Eck expressed his bullish outlook, suggesting that Bitcoin’s market cap could reach half that of gold. He said: “Eventually, […]
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Morgan Stanley will be the first major Wall Street bank to permit its financial advisors to offer spot Bitcoin exchange-traded funds (ETFs), CNBC reported on Aug. 2, citing sources familiar with the matter. This decision enables Morgan Stanley’s over 15,000 financial advisors to sell shares of BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin […]
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Fantom has rebranded to Sonic Labs, one of the main bodies supporting Sonic, a new layer-1 blockchain with a layer-2 bridge that connects to Ethereum. The project’s official documentation stated: “We rebranded to Sonic Labs on August 1, 2024. Previously, our company was called ‘Fantom Foundation’ and our Opera chain was referred to as ‘Fantom.'” […]
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