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Data points to Ethereum price making a short-term rally to the $3.2K level

[Aug 6, 2024 5:36 PM] ETH’s onchain and derivatives data are looking stronger even as macroeconomic data remains concerning.

Understanding the Economics of Ethereum Layer 2s

[Sep 20, 2023 9:45 AM] Explosive Ethereum growth is on the way, with layer 2s like Arbitrum, Optimism and now Base paving the way, Michael Nadeau of The DeFi Report writes.

Bitcoin Miners Anticipate Relief: Upcoming Difficulty Reduction Projected After August’s Challenges

[Sep 1, 2023 8:30 AM] While Bitcoin experienced two difficulty adjustments upward last month, the next one, expected around September 6, 2023, is estimated to be a reduction. Currently, the network’s hashrate is about 367.58 exahash per second (EH/s), with an…

BLUR Token Plummets Over 28% in March, Despite Blur’s Dominance in NFT Sales Market

[Apr 2, 2023 7:30 PM] While the non-fungible token marketplace Blur has captured a significant amount of the market share in terms of NFT sales, the market’s native token, BLUR, lost more than 28% in value last month. At present, BLUR tokens are down more than…

Crypto ATM Numbers Drop by 13.91% Since December 2022, Over 3,600 Went Offline in March

[Apr 2, 2023 1:30 AM] According to data from the cryptocurrency automated teller machine (ATM) aggregation website Coin ATM Radar, over 3,600 crypto ATMs went offline in March. Since the end of 2022, the number of crypto ATMs has declined by 13.91% in the last three…

Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation

[Mar 17, 2023 12:30 PM] During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a total of 439.48 million…

Bitcoin’s Blockchain Growth Accelerates With Trend of Ordinal Inscriptions

[Feb 28, 2023 3:30 PM] The Bitcoin blockchain has 40.49 gigabytes (GB) to go until it reaches half a terabyte (TB), and with the recent trend of Ordinal inscriptions, it’s likely to get there faster. The average block size reached a high of 2.52 megabytes (MB) on…

Ethereum’s Transition to Proof-of-Stake Yields Deflationary Results

[Feb 20, 2023 1:00 PM] After the transition from proof-of-work (PoW) to proof-of-stake (PoS), Ethereum’s annual issuance rate has been reduced to negative 0.057%, according to statistics 158 days after The Merge. The metrics indicate that more ethereum tokens have…

Six on-chain metrics suggesting Bitcoin is a 'generational buying opportunity'

[Jan 24, 2023 11:59 PM] Six tried and tested on-chain metrics are repeating patterns last seen at the bottom of the past three bear markets.

Ethereum’s Dominance on the Rise: Market Share Increases by 3% Among Global Crypto Assets

[Jan 11, 2023 1:00 PM] Since Dec. 31, 2022, ethereum’s market dominance has increased by more than 3% among the thousands of crypto assets worldwide, valued at roughly $856 billion on Jan. 11, 2023. According to coinmarketcap.com, a popular coin market…

While His Digital Trading Cards Tumble in Value, Trump Says His ‘Cute’ NFTs Were About the Art

[Dec 29, 2022 5:30 PM] After climbing to a high of 0.79 ether on Dec. 17, 2022, Donald Trump’s non-fungible tokens (NFTs) have dropped considerably in value over the last 12 days. On Dec. 29, 2022, Trump’s NFT collection has a floor value of 0.15 ether, which is around…

Donald Trump Trading Card NFTs Skyrocket in Value Despite Being Mocked for His ‘Major Announcement’

[Dec 18, 2022 11:00 AM] After the former 45th president of the United States, Donald Trump revealed his non-fungible token (NFT) trading card collection, Trump’s NFTs sold out within hours after the announcement. Statistics from Opensea, three days after the sale…

Solana Struggles to Remain in the Top 20 as Prior Ties to FTX and Alameda Wounded the Project

[Dec 16, 2022 12:30 PM] Amid the market chaos within the crypto economy and following the climactic FTX collapse, the crypto asset solana has been one of the hardest hit during the last 30 days. Since FTX’s fallout, the digital currency lost 8.5% over the last…

Stats Show Ethereum Transaction Fees Have Remained Under $5 During the Last 175 Days

[Dec 10, 2022 12:30 PM] Fees tied to the Ethereum network have been under the $5 region per transaction during the last 175 days, according to statistics. Metrics show that on Dec. 10, 2022, the average ethereum transfer is around 0.0023 ether or $2.87 while the…

Data Shows There’s No Profits Left for Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining Rigs

[Nov 30, 2022 2:30 PM] During the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value and in turn, this has put massive pressure on bitcoin miners. On Nov. 30, 2022, statistics show if miners paying for…

Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value

[Nov 21, 2022 11:30 AM] Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustment increase on Nov. 20, 2022, and the leading crypto asset dropping further in value against the U.S. dollar following FTX’s collapse. Statistics…