USDT was assigned a low score of four, meaning the largest stablecoin is constrained in its ability to maintain its peg to fiat.
Argentina’s Milei, So Far Shunning Bitcoin, Devalues Peso by More Than 50%
The government’s official rate is now 800 pesos to the dollar versus 400 previously.
Turkey’s Banking Giants Go Big on Crypto as Legislation Looms
This week, two of the country’s largest banks announced crypto initiatives.
Enterprise blockchain Coti set to become Ethereum privacy-centric layer 2 in 2024
Coti will look to provide privacy-focused functionality to the Ethereum ecosystem as a new layer-2 protocol.
Enterprise blockchain Coti set to become Ethereum privacy-centric layer 2 in 2024
Coti will look to provide privacy-focused functionality to the Ethereum ecosystem as a new layer-2 protocol.
First Mover Americas: Revised BlackRock Bitcoin ETF Filing Invites Participation From U.S. Banks
The latest price moves in bitcoin [BTC] and crypto markets in context for Dec. 13, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Shiba Inu Bucks Bearish Trend: Large Holder Netflow Rises 1079% To 4.68 Trillion SHIB
Shiba Inu has been going against the bearish trend recently, especially with the increased adoption of the Shibarium Layer 2 network. This time around, it is large holders who are driving the bullish return. Specifically, these large holders have increased their positive net flows by more than 10x.
Shiba Inu Large Holder Netflow Jumps 1079%
According to the on-chain data tracker IntoTheBlock, the Shiba Inu large holder net flow has seen a significant rise. These large wallets saw their net flow ( the total difference between inflows and outflows) rise an outstanding 1079% starting from December 10.
In total, the net flow of these large wallets came out to a whopping 4.68 trillion SHIB. Now, this is important when placed in comparison to the numbers from the previous days which the tracker shows to be just under the 287 billion SHIB mark.
A logical explanation for this massive uptick in net flows is that these whales are looking to take advantage of the low SHIB prices. On December 10, the SHIB price was still trading above $0.00001, which is when the net flows were under 287 billion.
However, as the SHIB price began to drop, the net flows of these large accounts began to rise. The further the price dropped, the more the whales added to their wallets. This shows a clear intent to accumulate tokens with the belief that the price is poised to bounce back again.
SHIB Investor Sentiment Turning Bullish
The decline in price has understandably eroded investors’ bullishness to a certain degree. But this seems to be short-lived especially as metrics begin to turn toward the upside. The first of these is the SHIB burn rate seeing an uptick in the last day.
Data from Shibburn highlights a 49% increase in the burn rate of the meme coin over the last 24 hours. This comes as a total of 2.88 billion tokens were burned by the community at this time. Usually, this happens as investors expect a turning point in the price.
Additionally, the Shiba Inu Fear & Greed Index has also managed to maintain a neutral level. This suggests that there is still a good level of bullishness left after the price decline. As long as metrics continue to improve, there could be a turnback toward recovery soon.
Terrorism & Israel-Gaza war weaponized to destroy crypto
Anti-crypto politicians in Washington are weaponizing disputed claims about crypto funding Hamas to try and pass draconian new legislation.
Terrorism & Israel-Gaza war weaponized to destroy crypto
Anti-crypto politicians in Washington are weaponizing disputed claims about crypto funding Hamas to try and pass draconian new legislation.
BTC price clears $41K as Bitcoin digests US macro data on FED FOMC day
Bitcoin traders eye BTC price levels of interest as U.S. PPI preserves declining inflation narrative ahead of Fed rates decision.
Worldcoin integrates with Shopify, Mercado Libre, Minecraft, Reddit and Telegram
Worldcoin released a new version of its World ID feature with multiple app integrations.
Sam Altman’s Retina-Scanning Orb to Become More Useful with World ID 2.0
Shopify, Minecraft, and Reddit will begin using World ID to identify some users.
Sam Altman’s Retina-Scanning Orb to Become More Useful with World ID 2.0
Shopify, Minecraft, and Reddit will begin using World ID to identify some users.
Sam Altman’s Retina-Scanning Orb to Become More Useful with World ID 2.0
Shopify, Minecraft, and Reddit will begin using World ID to identify some users.
Blockstream Preps New Sale of Notes Designed to Profit From Rebounding BTC Mining-Rig Prices
Blockstream Preps New Sale of Notes Designed to Profit From Rebounding BTC Mining-Rig Prices
Blockstream Preps New Sale of Notes Designed to Profit From Rebounding BTC Mining-Rig Prices
Crypto exchange liquidity, explained
Crypto exchange liquidity hinges on market depth and incentivized trading to ensure robust and stable trading environments.
ATHDAOx: Building the future of Web3 in physical-digital with DAOs
The DAO-centric event took place in Athens, Greece over two days and focused on everything from governance and legal issues to community building and security.
Nym co-founder and Chelsea Manning discuss decentralization and privacy
Nym co-founder Harry Halpin and security and hardware consultant Chelsea Manning chat with The Agenda about privacy and the benefits of a decentralized VPN.