CryptoSlate - Cryptocurrency News Sites

Onchain Highlights DEFINITION: The number of unique accumulation addresses. Accumulation addresses are defined as addresses that have at least 2 incoming non-dust transfers and have never spent funds. Exchange addresses and addresses receiving assets from Coinbase transactions (miner addresses) are discarded. To account for lost coins, addresses that were last active more than 7 years The post Bitcoin accumulation addresses decline sharply in 2024 appeared first on CryptoSlate.

The Digital Chamber (TDC) has called on Congress to pass legislation that would define certain non-fungible tokens (NFTs) as consumer goods and exempt them from federal securities laws. The move follows growing concerns over the Securities and Exchange Commission’s (SEC) recent enforcement actions, including the issuance of a Wells notice to NFT marketplace OpenSea. Classifying The post Digital Chamber urges lawmakers to classify NFTs as consumer goods amid SEC enforcement concerns appeared first on CryptoSlate.

Crypto markets are facing pressure from multiple fronts as the US elections, ambiguous macroeconomic data, and downbeat sentiment related to crypto exchange-traded funds (ETFs) outflows are weighing on prices, according to a recent report by Nansen. Broad capitulation sentiment US-traded spot Bitcoin (BTC) and Ethereum (ETH) ETFs have experienced negative flows for the second consecutive The post Election jitters and ETF outflows weigh on crypto market – Nansen appeared first on CryptoSlate.

Unspent transaction outputs (UTXOs) are an integral component of Bitcoin’s structure, essentially serving as the building blocks of the blockchain. As its name suggests, each unspent transaction output represents a discrete unit of Bitcoin that hasn’t been spent, originating from the conclusion of a previous transaction. They form the foundation of Bitcoin’s ledger, tracking the The post Bitcoin price stabilizes but profitability gap points to unease appeared first on CryptoSlate.

State Street Global Advisors has launched three new digital asset and disruptive technology exchange-traded funds (ETFs) in collaboration with Galaxy Asset Management, an affiliate of Galaxy Digital, according to a Sept. 10 press release. The new funds aim to leverage active management to navigate the evolving digital asset landscape and capitalize on market inefficiencies. The The post State Street and Galaxy Digital launch 3 new crypto-related ETFs appeared first on CryptoSlate.

A House hearing on DeFi highlighted deep divisions between lawmakers. Democrats pushed for stricter regulation to protect consumers from scams, while Republicans advocated for a light-touch approach to encourage innovation. The session, which aimed to examine the potential benefits and dangers of DeFi, saw Rep. Maxine Waters (D-CA) raise alarms over former President Donald Trump The post Congressional hearing on DeFi reveals deep partisan divide over regulatory approach appeared first on CryptoSlate.

Bitcoin (BTC) miners are demonstrating unwavering commitment as the network’s hash rate approaches an all-time high, according to a recent Glassnode report. The report noted that the 14-day moving average hash rate has climbed to 666.4 exahashes per second (EH/s), just 1% shy of the record. This indicates that miners continue to install new mining The post Bitcoin miners stay resilient despite traders’ waning risk appetite — Glassnode appeared first on CryptoSlate.

Bitwise Chief Investment Officer Matt Hougan cautioned investors that ongoing market uncertainty is driving significant volatility in Bitcoin and other digital assets but expressed optimism for a recovery later in the year. In his latest investor note, Hougan highlighted key challenges, including the upcoming US presidential election and ongoing debates over Federal Reserve rate cuts, The post Bitcoin faces September slump but optimism grows for year-end rally – Bitwise CIO appeared first on CryptoSlate.

Onchain Highlights DEFINITION: The total amount of coins transferred from long-term holders to exchange wallets. Bitcoin’s transfer volume from long-term holders to exchanges reflects shifts in market sentiment. In 2024, this metric remained subdued until brief spikes in July and August, coinciding with slight price drops — suggesting that long-term holders might have taken profits The post Long-term Bitcoin holders’ transfer volume remains low amid price corrections in 2024 appeared first on CryptoSlate.

Tether is teaming up with TRM Labs and TRON to form a “T3 Financial Crime Unit” to combat the illicit use of its USDT stablecoin on the TRON blockchain, according to a Sept. 10 statement shared with CryptoSlate. Over the past year, global authorities have raised alarms about the illegal use of USDT on TRON. The post Tether teams up with TRON and TRM Labs to combat USDT crime appeared first on CryptoSlate.