Crypto market depth has almost fully recovered and is back to its pre-FTX average reports crypto research firm Kaiko. A major decrease in market liquidity that persisted after the shutdown of FTX and Alameda Research in November 2022 has now recovered to pre-collapse levels, according to crypto research firm Kaiko. In a March 18 research…
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Grayscale’s GBTC has just notched its largest day of outflows since its launch, though ETF analysts are optimistic that BTC ETFs are only just starting to gain momentum. More than $640 million worth of Bitcoin flowed out of crypto asset manager Grayscale’s spot Bitcoin ETF on March 18, marking the largest day of outflows for the…
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Key Points: Ether.fi launches an ETHFI token airdrop for governance participation. Distribution includes allocations for development, budget, investors, partners, and airdrops. Eligibility for the ether.fi airdrop requires users to have until June 18 to claim Season 1 airdrop. Ether.fi, a non-custodial liquidity staking protocol, has announced the launch of its first airdrop on March 18.…
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Solana memecoin projects have raised more than $100 million by way of a controversial fundraising model known as “presales” in the last three days. The crypto community has started to warn of “peak degeneracy,” with memecoin founders raking in millions worth of Solana through token presales in the last 72 hours alone. As of the time…
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Bitcoin bulls remain confident despite BTC price hitting its lowest levels since March 6 in a brutal weekend sell-off. Bitcoin lurched toward $60,000 on March 17 as selling persisted through the weekend. “Constant spot selling” pressures BTC price action Data from Cointelegraph Markets Pro and TradingView showed new BTC price lows of $64,522 on Bitstamp. After hitting new all-time highs during the…
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John Deaton shared with his online following that he’s covered half of the campaign funds and asked if they could pitch in the rest via cash or crypto. Pro-XRP lawyer John Deaton has claimed he is ready to take on cryptocurrency critic Senator Elizabeth Warren in the Massachusetts Senate race, urging his large crypto-friendly social…
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President Joe Biden hasn’t taken a particularly friendly stance toward cryptocurrency. On the contrary, he’s been a lot like his predecessor. The presidential campaign trail is heating up as November grows near and many people have become excited about Former President Donald Trump’s comments praising cryptocurrency. But how does the former president compare to the…
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Some suggest a waning ETF narrative and economic data from the United States may have sparked the sudden crypto sell-off. The price of Bitcoin plunged amid a hectic day that saw crypto liquidations top $661 million over the past 24 hours, affecting nearly 200,000 traders. In early trading on March 15, Bitcoin shed 7.5% in just…
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Approximately $700 in satoshis were sent to El Salvador’s new “Bitcoin piggy bank” across dozens of donations. Only hours after El Salvador publicly announced its move to store a “big chunk” of its Bitcoin (BTC) in a physically secured cold wallet, Bitcoiners have already lined the wallet with their favorite “rare sats” and Ordinals. On March 14,…
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Bitcoin ETFs are sucking up the BTC available for purchase, and the tipping point in supply dynamics will come this year, one analyst says. faces a “sell-side liquidity crisis” by September if institutional inflows continue, an industry analyst says. In a thread on X on March 12, Ki Young Ju, founder and CEO of on-chain analytics platform…
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