#Tezos is making significant progress in its rollup infrastructure roadmap, with the introduction of WASM rollups and an EVM-compatible rollup on #testnet.
Multiple teams have committed to building rollups, and core developers announced a strategic shift to hybrid optimistic/zk rollups.
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Multiple teams have committed to building rollups, and core developers announced a strategic shift to hybrid optimistic/zk rollups.
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Federal Reserve #FED lived up to its promise of raising interest rates despite hitting a pause at the last meeting.
The Federal Open Market Committee (#FOMC) today announced a 0.25% rise in the Fed Funds target rate to 5.25-5.50%.
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The Federal Open Market Committee (#FOMC) today announced a 0.25% rise in the Fed Funds target rate to 5.25-5.50%.
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#BNBChain’s daily average active addresses reached ~1.4 million and increased by 25.6% QoQ.
Average new unique addresses increased 91.1% QoQ and reached all-time highs after a spike in activity in late April.
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Average new unique addresses increased 91.1% QoQ and reached all-time highs after a spike in activity in late April.
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In some ways #Ethereum’s metrics have slumped over the past year. But in other ways, the world’s second-largest blockchain is thriving.
According to the newsletter #Bankless, Ethereum’s network revenue fell to $847 million in the second quarter, down 33% from a year earlier...
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According to the newsletter #Bankless, Ethereum’s network revenue fell to $847 million in the second quarter, down 33% from a year earlier...
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#Bitcoin data often displays strangely repetitive patterns, cycle after cycle. In the 2021-22 cycle, the $30,000 price level has formed a "midpoint" and has been tested multiple times both from above and below.
A very similar level was seen in 2013-16 around the $425 level a...
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A very similar level was seen in 2013-16 around the $425 level a...
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From: rubikkav.nft
#BTC approaching another test of support on short-term holders' cost base.
After breaking resistance in January, it has served as support twice in 2023.
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#BTC approaching another test of support on short-term holders' cost base.
After breaking resistance in January, it has served as support twice in 2023.
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Since the beginning of 2023, #Ethereum’s network value-to-transaction value (#NVT) metric has indicated that the asset may have been overpriced.
#Glassnode’s NVT signal gauges the relative value of the Ethereum network by comparing the market price to the volume of on-chain transactions. A higher NVT reading implies that ETH could be trading at a premium.
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#Glassnode’s NVT signal gauges the relative value of the Ethereum network by comparing the market price to the volume of on-chain transactions. A higher NVT reading implies that ETH could be trading at a premium.
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Over the next couple of weeks, we should see long term #Bitcoin holders step up again as we get closer to the SVB meltdown as the price has moved from $25,000 to $20,000. LTHs already rising = 14.5M/76% circ supply.
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Analysis of the #Whale #Netflow to #Exchanges can be used as a proxy for the cohorts influence on the supply and demand balance for #Bitcoin, according to #Glassnode.
Whale-to-exchange netflows have tended to oscillate between ±5k BTC/day over the last five years.
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Whale-to-exchange netflows have tended to oscillate between ±5k BTC/day over the last five years.
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State of #BNB Chain Q2 2023.
▫️BNB Chain’s average daily active addresses and transactions increased by 25.6% and 24.4%, respectively. The growth was primarily driven by a rise in activity from LayerZero.
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▫️BNB Chain’s average daily active addresses and transactions increased by 25.6% and 24.4%, respectively. The growth was primarily driven by a rise in activity from LayerZero.
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Based on data from crypto intelligence tracker #Santiment, daily active addresses on #Litecoin hit a peak in May and also increased somewhat in June, but dropped to an average level in the week 4 of July.
Address activity hasn’t been significant recently, as seen in the chart below, and the spike in trade volume registered in the first week of July has failed to catalyze a recovery in the altcoin’s price.
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Address activity hasn’t been significant recently, as seen in the chart below, and the spike in trade volume registered in the first week of July has failed to catalyze a recovery in the altcoin’s price.
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Derivatives giant Chicago Mercantile Exchange's (#CME) regulated #bitcoin (#BTC) and #ether (#ETH) futures saw record participation from large traders in the second quarter.
The number of large open interest holders, or entities holding at least 25 bitcoin futures contracts, averaged a record 107 in the second quarter, the CME said in an email to CoinDesk. Ether's so-called large open interest holders averaged 62 through the second quarter.
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The number of large open interest holders, or entities holding at least 25 bitcoin futures contracts, averaged a record 107 in the second quarter, the CME said in an email to CoinDesk. Ether's so-called large open interest holders averaged 62 through the second quarter.
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The #GDP likewise had little impact on market expectations for where Fed policy would go at the next interest rate decision point in September.
On the day, odds of rates pausing at their current 5.25-5.5% stood at 76%, with a 24% likelihood of another 0.25% hike, according to #CME Group’s #FedWatch Tool.
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On the day, odds of rates pausing at their current 5.25-5.5% stood at 76%, with a 24% likelihood of another 0.25% hike, according to #CME Group’s #FedWatch Tool.
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#Crypto markets have become more concentrated over the past three years, with the bulk of trading activity in 2023 happening on just one exchange — #Binance, according to #kaiko.
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👉 Both #BTC and #ETH have seen a decline in 90-day realized #volatility this year.
📈Currently, its volatility levels are hovering around two-year lows.
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📈Currently, its volatility levels are hovering around two-year lows.
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Monthly delivery is just around the corner and volatility has dropped to historic lows this month, with Dvol already approaching 35%.
Every summer is a period of relatively low volatility and this year is no exception, but the historical trend suggests that current levels of low volatility will not last much longer and that the market is always finding new hot spots.
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Every summer is a period of relatively low volatility and this year is no exception, but the historical trend suggests that current levels of low volatility will not last much longer and that the market is always finding new hot spots.
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For the next few days we may have a trend reversal change for Bitcoin.
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From: rubikkav.nft
#MakerDAO recently increased DAI's savings rate to 3.19%, marking DAI as the only top-5 stablecoin offering an on-chain "risk-free rate." Users can tap into this yield by depositing DAI into the DAI Savings Rate (DSR) module. This help incentivize the usage and adoption of DAI within the crypto ecosystem.
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#MakerDAO recently increased DAI's savings rate to 3.19%, marking DAI as the only top-5 stablecoin offering an on-chain "risk-free rate." Users can tap into this yield by depositing DAI into the DAI Savings Rate (DSR) module. This help incentivize the usage and adoption of DAI within the crypto ecosystem.
Click here to learn more
From: rubikkav.nft
Stablecoins have benefitted significantly from the bear market. As interest rates have increased from 0% to 5.5%, revenues for centralized stablecoins have been growing quickly.
In particular, Tether stands out, accumulating almost $1.5B in net profit in the first quarter of 2023. These profits are on track to be even larger in Q2 and Q3 as the amount of Tether issued continues to grow.
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Stablecoins have benefitted significantly from the bear market. As interest rates have increased from 0% to 5.5%, revenues for centralized stablecoins have been growing quickly.
In particular, Tether stands out, accumulating almost $1.5B in net profit in the first quarter of 2023. These profits are on track to be even larger in Q2 and Q3 as the amount of Tether issued continues to grow.
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From: rubikkav.nft
#Dogecoin's price jumped 10% to a daily high of 0.0778 following Twitter's rebrand to X, outperforming the majority of the other crypto assets.
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#Dogecoin's price jumped 10% to a daily high of 0.0778 following Twitter's rebrand to X, outperforming the majority of the other crypto assets.
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From: rubikkav.nft
While stocks rose on the week, earnings reports have been mixed. Big banks had mostly positive results, which some analysts believe may be a sign that the economy remains strong overall.
Elsewhere, regional banks had a more volatile week, with some key players reporting profit misses. However, despite the collapse of several banks earlier this year, most analysts aren't reading these earnings reports as evidence of crisis.
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While stocks rose on the week, earnings reports have been mixed. Big banks had mostly positive results, which some analysts believe may be a sign that the economy remains strong overall.
Elsewhere, regional banks had a more volatile week, with some key players reporting profit misses. However, despite the collapse of several banks earlier this year, most analysts aren't reading these earnings reports as evidence of crisis.
Click here to learn more