Short-sellers see max pain as crypto market pumps following inflation report

Crypto short-sellers saw massive liquidation in the past four hours as the market pumped on the back of inflation numbers remaining within expected bounds. CoinGlass data shows that more than 85% of the $151.24 crypto liquidations over the period were short positions — amounting to roughly $130 million as of press time. Meanwhile, long liquidations … Read more

Binance’s PoR system shows over $63B in reserves backing 24 assets

Ad Binance, one of the world’s largest crypto exchanges, updated its proof-of-reserves (PoR) system to include 11 new tokens. These include Mask Network (MASK), Dogecoin (DOGE), Curve DAO Token (CRV), 1inch (1iNCH), and more. According to the March 7 update, Binance’s PoR system now reflects the reserves held for the added new tokens in addition … Read more

Why ETH selling pressure is unlikely to increase after Shanghai upgrade: CryptoQuant

Ad The profit and loss of staked Ethereum (ETH) indicates that there will be less selling pressure when the staked ETH tokens are unlocked in the Shanghai upgrade, crypto analytics platform CryptoQuant said. There have been concerns that the staked ETH unlock will result in these tokens flooding the market and creating high selling pressure. … Read more

Decentralized storage protocol Filecoin leads top 100 on 27% jump in price

Ad Filecoin (FIL) jumped 27% over the last 24 hours to $6.857 at the time of press, leading the top 100 coins by market cap. A volatile 24 hours has seen large caps experience a minor sell-off, losing momentum, following Bitcoin recording a YTD high of $25,260 around 16:00 (GMT)on Feb. 16. Nonetheless, standout performances … Read more

Nasdaq Crypto Index rose 37.2% in January – amid bullish market sentiment

In a sign of the changing market sentiments, the Nasdaq Crypto Index (NCI) booked monthly returns of 37.2% in January — the third-highest monthly return since NCI’s inception in May 2020. The crypto market has been shrugging off the bearish sentiment over the past month, as the Bitcoin Fear and Greed Index moved from fear … 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

ATOM and SOL beat BTC returns over the past 2 weeks

Altcoins often mirror the price movements of Bitcoin (BTC), the largest cryptocurrency by market capitalization. However, Cosmos (ATOM) and Solana (SOL), over the past two weeks, managed to outperform BTC. Cosmos is up nearly 15% compared to BTC over the past two weeks, Glassnode data indicates. On the other hand, SOL beat BTC by almost … Read more

SBF allegedly moves $684,000 into Seychelles exchange, RenBridge

On-chain data suggests the fallen founder of FTX Sam Bankman-Fried (SBF) moved Ethereum (ETH) worth $684,000 to RenBridge and Seychelles-based exchanges over the past 2 days.  In a Twitter thread, on-chain sleuth BowTiedlguana claimed that SBF transferred $684,000 worth of Ethereum (ETH) to a Seychelles-based exchange and RenBridge. BowTiedlguana suggested that these transactions allegedly carried … Read more

Bitcoin closes year with 26th largest market cap globally

Bitcoin (BTC) heads into the Christmas period with the 26th largest market cap at $324.68 billion, just below Mastercard with $328.35 billion. Ethereum (ETH), on the other hand, ranks 77th on the list with a $147.60 billion market cap, while Tesla loses its place amongst the top 10 and places 13th with $395.82 billion. Ranking … Read more