Short-Term Holder Supply has dropped to its lowest point since 2016, while long-term investors continue expanding their dominance over BTC. After a brutal June, Bitcoin (BTC) has started July on a stronger note, climbing about 7% from $58,000 to $64,000 in less than two weeks. Amid what appears to be a modest recovery, Alphractal…
Fundstrat co-founder and BitMine chairman Tom Lee has told investors to watch the Ethereum-to-Bitcoin ratio for signs of a broader crypto recovery. Summary Tom Lee says a rising ETH/BTC ratio could mark renewed demand across the crypto market. Ether is testing resistance near 0.0286 BTC after recovering from its early June local low. Falling Bitcoin…
XRP needs a major bounce to the 50-MA at around $1.60 before it can restart its rally, said one analyst. Somewhat expected following the new wave of attacks in the Middle East, the cryptocurrency market has headed south again, and Ripple’s cross-border token is no exception. While the short-term picture remains bleak, according to…
Progmat has completed the migration of its security-token platform from Corda 5 to a dedicated Avalanche Layer 1. Summary Progmat migrated every managed security-token project to Avalanche while preserving existing functions and institutional controls. Rights transfers run three to five times faster, according to Progmat’s internal tests and estimates. Crypto.news coverage shows Avalanche’s tokenized asset…
A busy week lies ahead on the US economic calendar with a raft of inflation data, while tensions are mounting again in the Middle East. Crypto markets have largely held on to gains over the weekend, but were looking a little shaky on Monday morning as traders digested the latest developments between the US…
Coinbase Chief Policy Officer Faryar Shirzad has rejected claims that the CLARITY Act would weaken U.S. national security. In a July 11 post on X, he said unclear crypto rules give bad actors room to operate outside firm regulatory boundaries. Shirzad argued that the bill would move more digital asset activity into a federal compliance…
Saylor made a similar comment last week, and it turned out to be a big sale. There used to be a time when the cryptocurrency community became accustomed to receiving BTC hints from Michael Saylor on Sunday, only for him to announce a major bitcoin acquisition on Monday. Sometimes, those purchases were in the…
BlackRock’s USD Institutional Digital Liquidity Fund, known as BUIDL, has passed $900 million in assets on Avalanche. The figure rose from about $464 million within seven days, adding roughly $436 million and marking a 105% weekly increase.Wu Blockchain cited current RWA.xyz data when reporting the move on July 12. Summary BlackRock’s BUIDL assets on Avalanche…
Market conditions are still extremely bearish despite recent positive developments, so every rebound will be treated as a bear-market recovery, not a trend reversal. As analysts have predicted for July based on historical data, BTC is off to a strong start. The leading digital currency has rebounded from its most recent low of $57,700…
The Cambridge Centre for Alternative Finance has estimated Ethereum’s annual electricity consumption at 7.87 gigawatt-hours. That equals a continuous power demand of about 0.90 megawatts. The study places Ethereum near the lower end of energy intensity among major proof-of-stake blockchains when researchers adjust electricity use for market value. Cambridge also estimated annual emissions of about…
