Author: coinadrenaline
On-chain data shows the exchanges have witnessed net Bitcoin outflows through the latest volatility, a sign that could be positive for BTC’s price. Bitcoin Exchange Netflow Has Been Negative Recently According to data from the market intelligence platform IntoTheBlock, Bitcoin has been leaving exchanges recently. The on-chain metric of relevance here is the “Exchange Netflow,” which measures the net amount of BTC entering into or exiting out of the wallets associated with all centralized exchanges. When the value of the indicator is positive, it means the investors are making net deposits of the cryptocurrency into these platforms. As one of…
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. According to a key on-chain indicator, Ethereum (ETH) may be undervalued at its current market price. The last time ETH was this undervalued was in October 2023, after which it experienced a 160% rally. Ethereum May Be Undervalued, On-Chain…
President Donald Trump signed an executive order creating a Strategic Bitcoin Reserve and a Digital Asset Stockpile, marking the first major step toward integrating Bitcoin into the US financial system.Trump’s executive order outlined a plan to initially use cryptocurrency forfeited in government criminal cases, Cointelegraph reported on March 7.As one of the crypto industry’s most widely-anticipated moves, the Strategic Bitcoin (BTC) Reserve marks the first “real step” for Bitcoin’s integration into the global financial system, according to Joe Burnett, head of market research at Unchained.Source: Margo Martin“The Bitcoin integration era has begun,” Brunett told Cointelegraph, adding:“Now, with the establishment of…
Today, the Texas Senate has passed SB 21, a bill aimed at creating a strategic Bitcoin reserve for the state, by a vote of 25-5. The bill will now advance to the Texas House for further consideration. Texas Lieutenant Governor Dan Patrick identified SB 21 as a priority bill for the 2025 legislative session this past January. The bill aims to position Texas as a leader in Bitcoin adoption by establishing a reserve of BTC, which proponents argue will serve as a hedge against economic instability and inflation. Support for the bill was evident during a February 18 hearing held…
Solana registered $102.4 billion in trading volume in February, leading the market despite a 60% monthly decrease. The shrinking volume relates to the cooling off of the memecoin frenzy following the LIBRA token fiasco.Despite the falling volumes, Solana registered over $100 billion in volume for the fourth consecutive month. It amounted to over $260 billion monthly trading volume in January, besting its previous record of $120.5 billion by over twice.The total on-chain trading volume decreased by nearly $200 billion last month, with most major blockchains registering losses, except Binance Smart Chain (BSC). BSC had a trading volume of $81.1 billion,…
Spot traders resumed buying after heightened selling, while the Total Value Locked (TVL) saw an equivalent surge Sentiment across the derivatives market turned positive after days of selling, with NEAR hinting at a major price rally Over the last 24 hours, NEAR has gained momentum on the price charts, jumping by 8.32% as bullish sentiment improved across the board. However, according to AMBCrypto’s analysis, another 50% hike could materialize soon. That may be contingent on several factors though, including buying sentiment in the spot and derivatives markets, liquidity deposits into the NEAR protocol, and a resistance level ahead of the…
The program, currently in its pilot stages, is part of a test to examine the feasibility of using gold assets for finalizing international exchanges involving Russia. Capital Lab partner Evgeny Shatov stated that digital gold assets can help the nation bypass sanctions and reduce its dependence on the dollar. Russia Is Testing Digital Gold-Based International […]
We’re excited to announce that the next Devconnect will be held in Buenos Aires, Argentina, from November 17th to the 22nd, 2025! This year, we are aiming for something bigger than just Devconnect: We want to support an effort that the local community has already started — bringing Argentina onchain. In Buenos Aires and Argentina, we have a city and country that have been leading adopters of Ethereum for many years. Devconnect Argentina is an opportunity for the whole Ethereum ecosystem to support that steady growth and to accelerate it even further, by helping individual citizens, businesses, institutions and governments…
The Wyoming-incorporated tech firm confirms prioritizing Ethereum over Bitcoin treasury, citing ETH potential as a financial instrument. In a Wednesday statement, BioNexus Gene Lab Corporation confirmed the formal approval to establish an Ethereum-focused treasury. The decision makes it the first Nasdaq-listed entity to prioritize ETH as its strategic asset exclusively. BioNexus Adopts Ethereum Treasury The Wyoming-based tech firm issued the Ethereum Strategy Whitepaper alongside the March 5 announcement outlining the rationale of prioritizing ETH over the common Bitcoin treasury. The firm noted that though Bitcoin offers a strong store of value, Ethereum yields broader utility given its programmable financial…
The chances of Bitcoin surpassing its all-time high of $109,000 by June are favorable, but the market first needs time to absorb volatile macroeconomic conditions, says Swan Bitcoin CEO Cory Klippsten.“I think there’s more than 50% chance we will see all-time highs before the end of June this year,” Klippsten told Cointelegraph. However, he said that market participants first need to adapt to US President Donald Trump’s tariff threats and the uncertainty around inflation rates.Markets need time to digest“The market needs to first digest tariffs, trade war fears, and growth scare fears. Bitcoin trading below $100,000 right now feels like a…