Solana’s transaction fee volume has plummeted to its lowest level since 2023, signaling a sharp decrease in network activity as interest in meme coins fades. According to Dune Analytics, Solana users spent just $146,411 on transaction fees on September 12, marking a significant drop from the $5.08 million peak on March 18. The average transaction fee also fell to $0.0053 on September 7, hitting a six-month low.
Solana's transaction fees hit their lowest point since 2023 as interest in meme coins fades. DEX activity and user numbers also see significant drops.
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Binance, the world’s largest crypto exchange, has recently released its latest proof-of-reserves report, shedding light on a significant surge in XRP holdings. Over the past month, the cumulative net balance of Binance customers in XRP increased by 6%, adding 165,386,790 XRP to their holdings. This brings the total XRP balance on Binance to an impressive 2.92 billion XRP. To match this, Binance also increased its reserves, adding over 330 million XRP, equivalent to approximately $175 million at current market prices.
Bullish Sentiment Evident Among Binance Traders
The sharp rise in XRP rese
Bullish Sentiment Evident Among Binance Traders
The sharp rise in XRP rese
Bullish sentiment in the cryptocurrency market has revived dormant investors, including an Ethereum (ETH) whale who recently made massive profits after eight years of inactivity.
Eight-Year HODL Ends with a Massive Payday
According to Lookonchain, this whale accumulated 398,889 ETH between January and March 2016, at an average price of just $6 per ETH. The total investment of $2.4 million has now skyrocketed in value. On November 7, after Ethereum breached its $2,600 resistance, the whale began offloading their holdings.
The first sale occurred when ETH was trading at $2,820, with the whal
Eight-Year HODL Ends with a Massive Payday
According to Lookonchain, this whale accumulated 398,889 ETH between January and March 2016, at an average price of just $6 per ETH. The total investment of $2.4 million has now skyrocketed in value. On November 7, after Ethereum breached its $2,600 resistance, the whale began offloading their holdings.
The first sale occurred when ETH was trading at $2,820, with the whal
Brian Armstrong, CEO of Coinbase, recently highlighted Bitcoin's remarkable growth, reflecting on its resilience over the past decade. According to Armstrong, a $100 Bitcoin investment in 2012, the year Coinbase was founded, would now be worth approximately $1.5 million. He emphasized Bitcoin's potential as a hedge against inflation, contrasting its growth with fiat currency's declining purchasing power.
Bitcoin in Strategic Reserves?
Armstrong also suggested that governments explore adding Bitcoin to their strategic reserves, calling it the best-performing asset of the last 12 years. He no
Bitcoin in Strategic Reserves?
Armstrong also suggested that governments explore adding Bitcoin to their strategic reserves, calling it the best-performing asset of the last 12 years. He no
Market experts forecast Ether (ETH) could surpass its previous all-time high of $4,865 during the first quarter of 2025. Despite Bitcoin’s groundbreaking surge to $100,000 on December 6, Ether has struggled to stay above the key $4,000 threshold. However, recent market trends suggest Ethereum may soon catch up to Bitcoin's impressive performance.
Leverage Reset Positions Ether for Growth
A market report from Bybit and Block Scholes highlights a crypto market deleveraging event last week, indicating a reset in leveraged long positions. This reduced leverage could pave the way for Ether t
Leverage Reset Positions Ether for Growth
A market report from Bybit and Block Scholes highlights a crypto market deleveraging event last week, indicating a reset in leveraged long positions. This reduced leverage could pave the way for Ether t
Cardano founder Charles Hoskinson has garnered attention by joining the Trump administration’s forthcoming crypto policy team. Known for his thoughtful and pragmatic approach, Hoskinson’s involvement signals a potential shift toward a more pro-crypto environment under the incoming administration.
Driving Pro-Crypto Policies
Former President Donald Trump has expressed plans to establish a crypto policy team, viewing pro-crypto measures as beneficial for maintaining the US Dollar’s status as a global reserve currency. Hoskinson is not only a member of this team but is reportedly playing a piv
Driving Pro-Crypto Policies
Former President Donald Trump has expressed plans to establish a crypto policy team, viewing pro-crypto measures as beneficial for maintaining the US Dollar’s status as a global reserve currency. Hoskinson is not only a member of this team but is reportedly playing a piv
Reflecting on his decision, Anderson stated, “The intensity and focus have come at the cost of missing a lot of the rest of the world and the people I care about. I now view Hindenburg as a chapter in my life, not a central thing that defines me.”
Hindenburg gained global prominence for its in-depth research and scathing reports on companies like the Adani Group, Nikola, and Carvana. Its findings often sparked major financial losses and political turmoil, most notably in India, where allegations against the Adani Group led to widespread controversy.
Hindenburg gained global prominence for its in-depth research and scathing reports on companies like the Adani Group, Nikola, and Carvana. Its findings often sparked major financial losses and political turmoil, most notably in India, where allegations against the Adani Group led to widespread controversy.
Ross Ulbricht, the founder of Silk Road, has spoken out for the first time since his release from prison after nearly a decade behind bars.
In a video shared on social media, Ulbricht expressed deep gratitude for his second chance at life. "I am so, so grateful to have my life back, to have my future back," he stated, emphasizing that this was a significant moment for him, his family, and those who fought for his release.
Mixed Reactions to Ulbricht’s Pardon
Ulbricht’s release and pardon have sparked mixed reactions. While libertarian Bitcoin supporters celebrated the decision, others rais
In a video shared on social media, Ulbricht expressed deep gratitude for his second chance at life. "I am so, so grateful to have my life back, to have my future back," he stated, emphasizing that this was a significant moment for him, his family, and those who fought for his release.
Mixed Reactions to Ulbricht’s Pardon
Ulbricht’s release and pardon have sparked mixed reactions. While libertarian Bitcoin supporters celebrated the decision, others rais