60% of investors believe ETH has better growth potential than BTC – CoinShares survey reveals

Around 60% of investors believe that Ethereum (ETH) has a more compelling growth outlook, according to a survey by CoinShares. As opposed to the 60% siding with ETH, only 30% of the respondents said Bitcoin (BTC) had the most compelling growth outlook, according to the CoinShares survey. The survey included 43 investors who managed a total … Read more

Optimism (OP) hits new ATH despite 70% transaction volume decline

Layer 2 (L2) network Optimism (OP) transaction volume has declined by over 70% to 200,000 from an all-time high (ATH) of 800,000, according to Etherscan data. Meanwhile, despite the steep decline in its transaction volume, Optimism’s OP printed a $2.49 ATH on Jan. 25, according to CryptoSlate data. Optimism’s transaction volume falls Binance research pointed out … Read more

Ethereum short-term gains wiped out: Can bulls prevent further plunge

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. ETH’s weak fundamentals could delay immediate price reversal. Short-term Ethereum holders’ profits could be cut to size.  Ethereum [ETH] dropped below its $1,600 mark after Bitcoin [BTC] lost the $23k zone. BTC sharply declined … Read more

Crypto market liquidation tops $200M in 24 hours

After a weeklong rally that pushed Bitcoin (BTC) value above $23,000, the crypto market experienced a significant sell-off in the last 12 hours that liquidated $183.99 million, according to Coinglass data. Total liquidations over the last 24 hours stood at $223.43 million as of press time. Of these liquidations, 90.29% occurred on traders who took … Read more

Bitcoin back to 15th-largest market cap following fall to 26th in 2022

Bitcoin (BTC) holds the 15th-largest market cap with $441.53 billion as of Jan. 23, which reflects a significant climb from its ranking as 26th on Dec. 23, 2022. BTC climbs back up the rankings BTC’s market cap recorded a 35.9% growth from the $324.68 billion recorded on Dec. 23, 2022. At the time, Mastercard was … Read more

Ethereum stablecoin dominance reaches 3-month high

Glassnode data analyzed by CryptoSlate indicates that Ethereum’s (ETH) dominance over stablecoins has been increasing and reached its highest in the last three months. Ethereum’s dominance over stablecoins strengthens as the ETH price surpasses $1,600. The analysis includes the top four stablecoins: Tether (USDT), USD Coin (USDC), Binance USD (BUSD), and DAI (DAI). The chart … Read more

Genesis Trading wallets halted – holding over $280M

Genesis Trading appears to have halted all wallet on-chain operations on Jan. 20 after filing for Chapter 11 bankruptcy in the Southern District of New York The wallets  hold over $280 million in crypto — 144,847 in Ethereum (ETH) worth $220 million — as of press time. Current wallet holdings Genesis Trading’s nine remaining top … Read more

BNB Chain deployed the most dApps in 2022, while Ethereum led the pack for NFT transactions

BNB Chain deployed the highest number of dApps throughout 2022 with 2,163 dApps, while Ethereum ranked first for amount of NFT transactions, according to a recent report by DappRadar. With 21.2 million transactions, Ethereum (ETH) became the busiest platform for NFT sales in 2022, followed by WAX (WAXP) and Polygon (MATIC) at second and third … Read more

Deployed ETH smart contracts surge 453% in Q4 2022

CryptoSlate Wrapped Daily: 3AC founders building new exchange; SBF maligned by ex-FTX US president Founders of Three Arrows Capital and CoinFLEX are raising money for a new exchange. Elsewhere, Sam Bankman-Fried has been harshly criticized by the former president of FTX.US. These and other stories in today’s CryptoSlate Wrapped Daily. 23 hours ago · 3 … Read more