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Recent crypto rally driven by 'retail impulse,' says JPMorgan
Recent crypto rally driven by 'retail impulse,' says JPMorgan

Like stocks, retail interest in crypto surged in February — potentially contributing to the rally — according to JPMorgan analysts.The analysts noted three primary catalysts for the surge — but said two are already largely factored into the market.

The Block·2024/02/22 14:39
Memecoins underperforming as investors focus on bitcoin and ether: analysts
Memecoins underperforming as investors focus on bitcoin and ether: analysts

Analysts suggest that memecoins are underperforming because investors are focusing on market leaders bitcoin and ether.

The Block·2024/02/22 13:51
Andreessen Horowitz invests $100 million in restaking project EigenLayer: Bloomberg
Andreessen Horowitz invests $100 million in restaking project EigenLayer: Bloomberg

Quick Take Venture capital firm Andreessen Horowitz has invested $100 million in restaking project EigenLayer, Bloomberg reported. Andreessen Horowitz is reportedly the sole backer in a round expected to be announced on Thursday.

The Block·2024/02/22 13:46
ECB officials opine Bitcoin's fair value is 'still zero' despite spot ETF approvals in US
ECB officials opine Bitcoin's fair value is 'still zero' despite spot ETF approvals in US

Quick Take: European Central Bank advisors have doubled down on their criticism of Bitcoin, claiming it has failed as a global decentralized currency. A post from the same ECB advisors in November 2022 claimed Bitcoin was on its “last gasp before the road to irrelevance.”

The Block·2024/02/22 11:55
Coinbase backs Grayscale’s Ethereum ETF bid, spotlighting ETH as a commodity
Coinbase backs Grayscale’s Ethereum ETF bid, spotlighting ETH as a commodity

Coinbase favorably compares Ethereum to S&P 500 stocks, and highlighted how ETH ownership and trading activity are dispersed.

Crypto Slate·2024/02/22 11:33
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Bitget Announcement·2024/02/22 10:55
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  • 20:42
    Ethena Secures 5% of Ethereum Perpetual Futures Open Interest, Founder Downplays Concerns
    Recent data reveals that Ethena, a recently launched protocol, holds 5% of all open interest in Ethereum perpetual futures. Analysts have noted that rapid growth comes with increased risks. However, the founder of Ethena Labs, known as Leptokurtic, has downplayed concerns, stating that self-correcting market mechanisms can mitigate risks. Leptokurtic explains that if the yield on USDe (Ethena's stablecoin) significantly drops, the self-correcting mechanism comes into play. In such a scenario, market participants would choose to no longer collateralize USDe. He further explains that if they do so, the funding rate would return to a new equilibrium.
  • 20:41
    Smart Money Profits $10.66 Million in 4 Months by Buying Low and Selling High on ETH
    According to monitoring data from Lookonchain, a smart money address sold 7,425 ETH (worth $21.8 million) at a price of $2,937 per ETH, generating a profit of approximately $10.66 million. This address had bought 9,217 ETH (worth $17.2 million) between October 21st and November 22nd, 2023, at a price of $1,863 per ETH. They then sold it between January 10th and January 13th, 2024, at a price of $2,442 per ETH, earning around $5.34 million in profit. On January 26th, they bought 7,429 ETH (worth $16.5 million) at a price of $2,219 per ETH and sold it 9 hours ago at a price of $2,937 per ETH, making a profit of around $5.32 million.
  • 18:18
    Yesterday, 8 ETFs Added 5,781 BTC Worth Nearly $300 Million
    According to data from Lookonchain, on February 23rd, 8 ETFs added a total of 5,781 BTC, worth approximately $294.3 million. Among them, Fidelity added 3,061 BTC ($155.8 million). Additionally, Grayscale reduced its holdings by 3,929 BTC ($200 million).