Author: Ocrypto

According to a recent report from Glassnode, Ethereum stakers have shown increased motivation, leading to a rise in staking ETH deposits. This motivation can be attributed to the implementation of the Shanghai hard fork by the Ethereum team on April 12, 2023. The report highlights that daily ETH staking deposit activity reached a new high on June 2, with approximately 14,000 new ETH deposits made, totaling around 410,000 ETH. However, when observing ETH deposit transfers to crypto exchanges, they have remained relatively stable at around 30,000 ETH compared to inflows to the staking contract. In June, the average daily deposits…

After delivering triple-digit gains in June, Bitcoin Cash (BCH) started July on a negative note with a 13% price correction. On-chain data shows that Bitcoin Cash whales are now taking hawkish positions. Will it trigger a major retracement toward $250? Bitcoin Cash made a splash in June, posting gains in excess of 150% as it soared above $300 for the first time since May 2022. However, the bears are now making attempts to seize control in July. Bitcoin Cash Whales Cool on Buying Positions According to on-chain data, the cluster of Bitcoin Cash whales holding 1 million to 10 million…

The price of Ethereum (ETH) has dipped slightly today, dropping to $1,954 as the cryptocurrency market as a whole rises by 0.5% in the past 24 hours. ETH is now up by 4% in a week and by 13% in the past fortnight, following the weekend’s jump beyond $1,900, which now puts it up by 83% in the last 12 months. However, ETH holders are now hoping for the altcoin to make its long-awaited ascent to $2,000, a price it hasn’t held since April. It’s unlikely to reach this price in the short term, given the current instability of the market, while…

Ripple senior executives Andrew Whitworth and Susan Friedman have praised the United Kingdom’s approach to the crypto industry, arguing that the country was leaving the United States behind regarding crypto regulations. The executives made these statements in reaction to the Royal approval of the Financial Services and Markets Bill, which made crypto trading a regulated financial activity within the country. According to Friedman, the legislation represents a significant milestone in global crypto regulation. The crypto payment company executive added that the bill shows that the U.K. was leaving the U.S. behind in critical areas. This view was also shared by Ripple’s Policy Director for…

A group of Ethereum community members has proposed a new standard to improve the security of decentralized finance (DeFi) protocols. Dubbed ERC (Ethereum Request for Comments) 7265, the proposed standard would enable a “circuit breaker,” allowing DeFi protocols to easily add a back-stop in their smart contracts that stop tokens before they leave the contracts in the event of a hack, according to one of the standard’s builders who goes by @tcb_00 on Twitter. The other builders include @Diyahir and @real_philogy. The proposed ERC 7265 standard comes amid rising DeFi hacks. Nearly $3 billion worth of funds have been stolen by attackers…

The Chinese government has announced plans for export controls on metals predominantly used to manufacture semiconductors used in the development of artificial intelligence (AI) systems. On July 3, the Chinese Ministry of Commerce issued a joint statement with the General Administration of Customs which said the controls are aimed at protecting the interests of national security and that it will require a government-issued license to export specific gallium and germanium products. The controls begin on August 1 and include eight gallium-related products: gallium antimonide, gallium arsenide, gallium metal, gallium nitride, gallium oxide, gallium phosphide, gallium selenide, and indium gallium arsenide.…

In recent weeks, the world’s leading financial companies have applied for spot Bitcoin ETFs, fueling the rally in Bitcoin and altcoins. BTC bulls are attempting to surpass the next target of $32,000 as they break $31,000. While technical indicators point to the rise in Bitcoin, experts also think that a daily close above $31,000 is important to keep Bitcoin’s uptrend stable. In this context, experts stated that if BTC maintains an important support of $ 31,000, investors will continue to buy Bitcoin, which means that the rise will continue. Evaluating the rise in Bitcoin, popular data platform Santiment said that…

Bithumb, one of South Korea’s popular cryptocurrency exchanges, has listed its Stargate Finance (STG) altcoin against the Korean won, according to a statement. Such activities on South Korean exchanges are being monitored as they can cause an increase in the volatility of the altcoins in question. Recently, BCH and LTC tokens faced a wave of volatility from South Korean exchanges. STG trading on Bithumb will start at 07.00 UTC. Stargate Finance supports ERC-20 tokens based on the Ethereum network and plans to expand to other chains in the future. By depositing STG tokens into a voting escrow account, users can…

Known for its emphasis on privacy and anonymity, Verge (XVG) has seen a staggering 300% increase in value over the past week, according to data from CoinGecko. Altcoin Verge (XVG) Price Rises 300 Percent In A Week This phenomenal growth has attracted a lot of attention from crypto enthusiasts around the world, with The Verge boasting an impressive 24-hour trading volume of $489 million and a market cap of $108 million. Making its debut in 2014, The Verge first gained popularity during the Bitcoin-focused bull run in 2017. Cryptocurrency’s appeal lies in its ability to provide a fast, efficient, and…

Bitcoin price has reached the level of $ 31,300 with the rise after the latest developments. However, according to cryptocurrency analysis company Santiment, this has led to a focus on other altcoins that lag behind in social dominance. Santiment wanted traders to watch carefully for major cryptocurrencies such as Ethereum, BNB, Cardano and XRP, which lag behind Bitcoin’s social dominance. Because when this data is examined, these altcoins have not started their movements yet. When the social dominance graph of cryptocurrencies with large market values shared by Santiment Pro is examined, we see that BTC naturally has the largest share…