As economic uncertainties mount, investors are increasingly turning to gold-backed cryptocurrencies as a hedge against volatility. With gold prices nearing $3,000 per ounce, leading financial institutions, including Citi and UBS, have raised their price forecasts, further fueling demand for digital…
Non-fungible token (NFT) analytics reveal that NFT sales faltered in early February, with $119.49 million recorded during the first week of the month—a 33.73% contraction compared to the preceding seven-day stretch. Digital Collectible Buyers and Sellers Slide Significantly Data sourced…
The cryptocurrency market may be approaching a local bottom, according to Felix Hartmann, founder of Hartmann Capital. In a February 8 post on X, Hartmann pointed to extended negative funding rates and widespread bearish sentiment as signs that the market…
Coinbase, one of the world’s largest centralized cryptocurrency exchanges (CEX), now holds over $420 billion in digital assets on behalf of its users, surpassing the 21st largest bank in the United States in terms of assets under management (AUM). The…
Key Takeaways CryptoQuant reports Bitcoin network activity has declined by 15% since November 2024’s record high, reaching its lowest level since February 2024. Daily Bitcoin transactions have dropped by 53%, from an all-time high of 734K in September 2024 to…
Poland’s National Bank (NBP) has firmly dismissed any possibility of adding Bitcoin to its national reserves, citing concerns over security and stability. NBP President and Monetary Policy Council Chairman Adam Glapiński made the announcement during a press conference, reaffirming that…