$3.8 Billion in Bitcoin and Ethereum Outflows, What Does it Mean?
For the third week in a row, digital asset investment products have seen investors pull out funds. This past week alone marked a historic $2.9 billion in outflows which pushed the cumulative figure to $3.8 billion over three weeks. CoinShares…
Solana Foundation Exec Criticizes SIMD-228 as ‘Half-Baked,’ Anatoly Yakovenko Disagrees
Solana Foundation Executive Director Lily Liu has raised concerns over SIMD-228, a proposal to adjust the emissions of the network’s native SOL token based on staking participation, calling it “too half-baked.” However, Solana co-founder Anatoly Yakovenko holds a different view,…
Solana DEX Volumes Surpass Ethereum’s Despite Drop in Meme Coin Trading
According to VanEck’s February crypto report, Solana’s decentralized exchange (DEX) volumes have shown resilience despite declining meme coin trading. The report shows that Solana’s trading activity briefly surpassed that of the Ethereum ecosystem, including its Layer 1 (L1) and Layer…
Santiment Reports Increased Developer Activity on Major Blockchains Amid Market Slump
Amid a notable downturn in the digital asset markets, blockchain developer activity has continued to rise, defying concerns that the ‘crypto market is dead.’ A recent report from Santiment highlights growth in development efforts across the top ten crypto ecosystems,…
XRP, SOL, and ADA Inclusion in US Crypto Reserve Pushes Traders on Edge
There has been growing uncertainty and frustration among cryptocurrency traders following Bitcoin’s steep 10% drop within 24 hours. The sudden decline sparked widespread panic and anger across crypto-focused social media channels and has prompted concerns about a potential repeat of…
David Sacks Confirms Selling Crypto Holdings Before Joining Trump Administration
White House AI and Crypto Czar David Sacks has confirmed that he sold all his cryptocurrency holdings before taking up his role in the Trump administration. Some of the assets the official previously owned included Bitcoin (BTC), Ethereum (ETH), and…
Bitcoin Sees $430M in Outflows as Market Responds to Fed’s Hawkish Stance
There has been a sharp reversal in digital asset investment trends as outflows reached $415 million after 19 consecutive weeks of inflows post-US election. During this period, inflows totaled $29.4 billion, significantly outpacing the $16 billion amassed in the first…
Solana DEX Trading Volume Drops to $2.61B, Lowest Since Mid-December
Solana DEX’s trading volume dropped to $2.61 billion on February 16, continuing its downward trajectory and reaching its lowest level since mid-December. While Raydium’s volume plunged by over 45% and Orca’s fell by nearly 30% in the past week, Meteora…
Solana Price Craters 40% From January High as Meme Coin Bubble Bursts
Solana (SOL) has been downtrending and retracing heavily over the past month. The asset has declined 40% since its Jan. 19 all-time high of $293, and the trend seems set to continue as meme coin mania fades. Moreover, SOL is…
These Crypto Assets Are Seeing the Biggest Surge in Social Media Buzz
Over the past few weeks, the crypto community has witnessed the unveiling of several events and incidents; however, only a select few have dominated the discussions across social media. The market intelligence platform Santiment has outlined cryptocurrencies that are seeing…
