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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

A drawdown for DEXs: Traders on Ethereum hits lowest level since February
A drawdown for DEXs: Traders on Ethereum hits lowest level since February

Quick Take The number of DEX traders on Ethereum is down to 63,000, the lowest number of traders since February. This is an excerpt from The Block’s Data & Insights newsletter.

The Block·2024/04/24 19:55
Co-founders of Samourai Wallet arrested and charged with money laundering: DOJ
Co-founders of Samourai Wallet arrested and charged with money laundering: DOJ

Quick Take CEO Keonne Rodriguez and Chief Technology Officer William Lonergan Hill were charged on Wednesday with operating the Samourai Wallet. Prosecutors say Samourai is an unlicensed money-transmitting business and was involved in over $2 billion in unlawful transactions.

The Block·2024/04/24 19:43
Bitcoin miner revenue holding steady following halving
Bitcoin miner revenue holding steady following halving

Quick Take The bitcoin halving has historically viewed as a bullish signal. This year, predictions varied. For miners, the bulk of their earnings have been cut by 50% in one day. This is an excerpt from The Block’s Data & Insights newsletter.

The Block·2024/04/24 19:10
Bitcoin options worth over $6.3 billion set to expire this Friday on Deribit
Bitcoin options worth over $6.3 billion set to expire this Friday on Deribit

Over $6.3 billion worth of bitcoin options and over $3 billion in ether options are set to expire on this Friday on Deribit.The bitcoin option put-call ratio is more skewed towards puts compared to ether’s put-call ratio ahead of the same expiry.

The Block·2024/04/24 15:28
Here are the Top 5 Gainers in the Bitcoin (BTC) Ecosystem YTD: Details
Here are the Top 5 Gainers in the Bitcoin (BTC) Ecosystem YTD: Details

Check out which BTC-related cryptocurrencies performed the best since the start of 2024.

Cryptopotato·2024/04/24 15:28
Flash
  • 03:55
    JPMorgan Chase: SOL and XRP ETP are expected to attract nearly 15 billion USD in net inflows
    According to estimates from JPMorgan, XRP and SOL exchange-traded products (ETPs) could attract close to $15 billion in net inflows. Matthew Sigel, head of digital asset research at VanEck, stated that this forecast takes into account the market capitalization of BTC and ETH and the performance of ETP flows. BTC ETPs reached an asset management scale of $108 billion in their first year of trading, accounting for 6% of Bitcoin’s total market capitalization of $1.8 trillion. Similarly, ETH ETPs accumulated $12 billion in assets within six months, representing 3% of its market capitalization of $395 billion. Based on these adoption rates as a benchmark, the inflows for SOL ETPs could range between $3 billion and $6 billion, while XRP ETPs could see inflows between $4 billion and $8 billion. According to a recent report by CoinShares, the AUM (Assets Under Management) of SOL ETPs is approaching $1.6 billion, and XRP ETPs have an AUM of $910 million. In 2024, net flows for both are projected to reach $438 million for SOL and $69 million for XRP.
  • 03:53
    Pundi AI announces $FX will be renamed to $PUNDIAI, undergoing a 100:1 token reduction
    According to the official announcement from Pundi AI, $FX tokens will be renamed as $PUNDIAI during the week of February 10, 2025, and a token supply reduction of 100:1 will take place. • On-chain upgrade: Users holding Pundi AIFX Omnilayer's $FX tokens will automatically complete the upgrade. Staked tokens will continue to generate rewards. • Base and Ethereum networks: The upgrade needs to be completed manually or through bridging back to Pundi AIFX Omnilayer for automatic upgrading. • Centralized exchanges: Exchanges participating in the upgrade will automatically convert tokens. Specific timing is subject to exchange announcements. Users have three years to complete the upgrade. After upgrading, $PUNDIAI tokens are not locked up and won't cause new token dilution. Platforms supporting staking of $PUNDIAI include MarginX and Baklava Space.
  • 03:42
    The US spot Ethereum ETF had a net outflow of 39.52 million USD yesterday
    According to Trader T's monitoring, the net outflow of the US spot Ethereum ETF was $39.52 million yesterday.
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