Bitcoin unspent transaction outputs signal capitulation underway: analyst
Analysis of Bitcoin unspent transaction outputs (UTXOs) suggests investors are capitulating, a pattern that has historically coincided with bear market bottoms. The ratio of the number of UTXOs spent in profit versus at a loss has fallen to its lowest level this bear market cycle, said CryptoQuant analyst known as Darkfost on Saturday. This is
At least a dozen crypto entities attacked since Drift Protocol hack
At least 12 DeFi protocols and crypto businesses have been attacked in just over two weeks since the $280 million Drift Protocol exploit on April 1. Attacks aimed at crypto protocols or companies since the start of April include CoW Swap, Hyperbridge, Bybit, Dango, Silo Finance, BSC TMM, Aethir, MONA, Zerion and, most recently, Rhea
China already has the compute to train its own Mythos-like AI: Nvidia CEO
Nvidia CEO Jensen Huang warned that China already has the computing power and data center capacity necessary to train an AI model at the same level as Anthropic’s AI model Claude Mythos, which could threaten global cybersecurity. Huang was asked in an interview on the Dwarkesh Patel podcast on Wednesday whether the Chinese government’s access
Vitalik Buterin envisions ‘one-click’ Ether staking for institutions
Ethereum co-founder Vitalik Buterin said the Ethereum Foundation used simplified distributed validator technology, or “DVT-lite,” to stake 72,000 Ether (ETH) in February. “My hope for this project is that in the process, we can make it maximally easy and one-click to do distributed staking for institutions,” said Buterin on X on Monday. Buterin explained that
Ether supply squeeze looms with exchanges holding lowest levels since 2015
The amount of Ether stored on centralized crypto exchanges is at an unprecedented low, which could result in a supply squeeze, say analysts. Ether (ETH) exchange balances fell to 8.7% on Thursday last week, the lowest they have been since the network launched in mid-2015. The amount of the asset held on exchanges remained low
XRP sentiment plummets, which could set token up for rally: Santiment
Santiment says social sentiment toward XRP has hit its lowest levels since October, entering the fear zone, but suggested that has preceded a rally in the past. Social sentiment toward XRP has tanked into the “fear zone,” but the intelligence platform Santiment says a similar drop has led the token rallying. Santiment said on Thursday
Solana and Coinbase’s Base connect together using Chainlink
Base launched a Chainlink-secured bridge to Solana, enabling crosschain asset transfers between the Ethereum layer-2 and the Solana blockchain. Solana and Coinbase’s Ethereum layer-2 blockchain Base have been bridged together using Chainlink’s technology in a move to increase liquidity between the two networks. Base said on Thursday that it launched a bridge connecting it to
$25B crypto lending market now led by ‘transparent’ players: Galaxy
The crypto lending market has become more transparent than ever — led by the likes of Tether, Nexo and Galaxy — and has just hit an aggregate loan book of nearly $25 billion outstanding in the third quarter. The size of the crypto lending market has increased by more than 200% since the beginning of
Bitcoin crashes 5% in ‘Sunday slam’ as liquidations surge
Bitcoin plunged nearly 5% to $86,950 in Sunday trading, triggering $539 million in liquidations after the asset endured its worst November performance since 2018. Bitcoin failed to break key resistance over the weekend and slumped almost 5% in just three hours on Sunday. The asset had spent most of the weekend trading around $91,500, where
BitMine, Strategy, SharpLink stocks outpace crypto market recovery
Crypto-sector investors favored digital asset treasuries (DATs) on Monday, with crypto treasury stocks outpacing the broader crypto market. BitMine Immersion Technologies was leading the pack of major digital asset treasuries with a Monday stock surge of almost 20%, according to Google Finance. Its share prices surged from just below $27 to top $31 by the