Onchain Highlights DEFINITION: Entity-adjusted NUPL is an improved variant of Net Unrealized Profit/Loss (NUPL) that discards transactions between addresses of the same entity (“in-house” transactions). It only accounts for real economic activity and provides an improved market signal compared to its raw UTXO-based counterpart. Bitcoin’s Entity-Adjusted NUPL has been in a downtrend since mid-2024, reflecting […]
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A Nigerian court has postponed the decision on the bail application for detained Binance executive Tigran Gambaryan until Oct. 9. Judge Emeka Nwite issued the ruling on Sept. 4 after hearing arguments from both Gambaryan’s lawyer, Mark Mordi, and the prosecuting counsel, Ekele Iheanacho, who opposed the bail request. New bail application On Sept. 2, Gambaryan’s […]
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Bitcoin miner Bitfarms issued a statement addressing what it called misleading claims by rival Riot Platforms amid ongoing tensions over the latter’s amended acquisition proposal. In the Sept. 4 press release, Bitfarms emphasized that Riot’s proposal is not about corporate governance but rather an attempt to acquire it at a discounted price. The firm further […]
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