Institutional investors pour the most into short Bitcoin products of last week’s inflows
07 Jul 2022
484 Views

Institutional investors loaded up last week on a record $51.4 million worth of investment products offering exposure to shorting the price of Bitcoin (BTC). By recovering from $423 million in outflows the week prior, digital assets investment products managed to pull $64 million in inflows, while ETH products generated the next highest figure at just…

Infamous North Korean hackers suspected of $100 million Harmony hack, experts say
05 Jul 2022
1,697 Views

North Korean hackers are most likely behind an attack last week that stole as much as $100 million in cryptocurrency from a US company, digital investigative firms have concluded. Analysis suggests the hack is the work of the Lazarus Group, the Pyongyang-backed group behind a similar $622 million hack of Axie Infinity. Following hackers recent…

NFT trading volume in USD fell by 70% in June, but the sales pace remains steady
02 Jul 2022
399 Views

In the past month, the total volume of NFT trades has fallen by 55% in terms of ETH, or about a 70% decrease when valued in USD. However, the number of weekly active NFT sales hasn’t changed much. The state of the NFT market isn’t all bad amid the bear market. According to Nansen data,…

What can the FT archive tell us about the future of Bitcoin?
28 Jun 2022
2,307 Views

A deep dive into the FT archive reveals what has driven the cryptocurrency’s falls and rises. Bitcoin has crashed in value by more than 50% in the past six months, but holders of the cryptocurrency are used to volatility. Here we look at how the FT covered Bitcoin’s previous booms and busts to see if…

DappRadar: GameFi continues to grow despite crypto market turmoil
27 Jun 2022
421 Views

According to the new DappRadar study, the latest turbulence in the crypto markets has not stopped investments and forward movement of the GameFi and metaverse sector. The report has also shown continued funds inflow into several major projects, such as Splinterlands, Illuvium, Galaverse, and STEPN. Published on June 21, the latest DappRadar x BGA Games…

Over 50% of Bitcoin addresses are still in profit despite drawdowns
22 Jun 2022
337 Views

Data from blockchain analytics firm Glassnode reveals that more than half of Bitcoin wallet addresses are still in profit, raising questions about the severity of the current market sell-off as Bitcoin fell below $20,000 over the last weekend. Despite Bitcoin bouncing back by Tuesday to over the $21,000 level, Morgan Stanley and Goldman Sachs warned…