Tag: Record

OKX X Layer hits record 71,400 active addresses and tops $1M in DEX fees, second only to BNB Chain

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Key Takeaways OKX’s X Layer recorded 71,400 active addresses on September 12, reaching a historic high for the network. Total number of addresses on X Layer has surpassed 4 million. Share this article OKX’s X Layer blockchain recorded 71,400 active addresses on September 12, marking a new high for the network. The milestone pushed the total number of addresses on X Layer to over 4 million. The network has generated nearly $1.0 million in fees for the OKX decentralized exchange, ranking second among Ethereum Virtual Machine-compatible networks behind BNB Chain.…

Stablecoin liquidity reaches record high

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Key Takeaways Stablecoin liquidity has reached a record high, indicating increased market activity. Stablecoins play a crucial role as liquidity providers in the crypto ecosystem. Share this article Stablecoin liquidity has reached an all-time high, marking a new milestone for the digital asset sector. The development represents the latest indicator of growing activity and capital flows within the crypto market, as stablecoins serve as key infrastructure for trading and transactions across digital asset platforms. Stablecoins, which are digital assets typically pegged to traditional currencies like the US dollar, function as…

Gold hits record high, Bitcoin tops $110K as traders raise bets on Fed cuts

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Key Takeaways Gold reached a record $3,508 and Bitcoin topped $110,000 as traders expect the central bank to lower interest rates in September. Crypto and gold markets surged, driven by a nearly 90% probability traders assign to an imminent Fed rate reduction. Share this article Gold notched a fresh high of $3,508 in Asian trading on Tuesday, while Bitcoin surpassed $110,000 amid growing bets the Federal Reserve will cut rates at its upcoming September 17 meeting. According to the FedWatch Tool, the probability of a quarter-point reduction has climbed to…

Record $600M BNB burn suggests Binance made $750M in profit in Q1

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Binance Coin (BNB) saw its 15th burn to date on April 16. According to on-chain data, Binance burned nearly $600 million worth of BNB tokens. Historically, Binance has burned around 20% of the exchange’s profits. But in the last burn, Binance burned much more than 20%, and the exact percentage of the burn remains uncertain. Imagine burning half a billion dollars, wait, don’t imagine. It’s real. #BNB https://t.co/rMFbiufFSG — CZ Binance (@cz_binance) April 16, 2021 BNB fundamentals keep improving Sam Bankman-Fried, the CEO of FTX, one of the top cryptocurrency…

Bitcoin hash rate hits record 200 EH/s in fresh BTC price bull flag

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Bitcoin (BTC) has seen a classic indicator of a coming bull run pass a historic milestone as miners commit more and more resources to its future. According to data from on-chain monitoring resource Glassnode on Friday, Bitcoin’s network hash rate has passed total exahashes per second for the first time in its history. Hash rate underscores miner commitment Coming as a spike in a long-term uptrend, crossing the significant boundary means that the hash rate has doubled in under nine months.  Bitcoin average hash rate chart. Source: Glassnode An estimate…

Record $8B open interest on Ethereum futures shows the pros are ‘here’

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The price of Ether continues to push higher, and many analysts are calling for $3,000 as a short-term target. All of this “success” takes place in the face of Ether (ETH) being in a bottleneck regarding high fees, network congestion and a tense situation with miners.  With decentralized finance (DeFi) applications taking center stage and the aggregate volumes at exchanges surpassing $4 billion per day, Ether’s price has rallied over 200% since the start of the year, marking a new all-time high at $2,300 on April 13. This impressive price…

Bitcoin Price Closes Record High Weekly, Could Conclude Cycle

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Bitcoin price is currently flirting with prices above $60,000, as the momentum of the ongoing bull market slowly begins to push the asset above the key resistance level. The start of a breakout through resistance might have began with last night’s historic weekly close – the highest ever recorded. However, despite what could be a clean bullish breakout, there’s a bearish factor lingering that could make this the last weekly close the high for some time. Bitcoin Price Closes Record High Weekly Candle Above $60,000 Bitcoin price has poked above…

Crypto Seas Are Calm With Record Low Bitcoin Futures Volatility

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Bitcoin (BTC) futures trading on the U.S. Chicago Board Options Exchange (CBOE) hit record low volatility levels in October, in stark contrast to the rocky global equity markets, MarketWatch reported Nov. 5. As Kevin Davitt, senior instructor for The Options Institute at Cboe Global Markets has outlined in a video Nov. 1, the average weekly volatility for the week ending Oct. 26 was just 3 percent for XBT-CBOE Bitcoin futures, the lowest ever level since they launched for trading Dec. 10, 2017. As of Nov. 1, the average weekly XBT…

Novogratz Says Bitcoin Will See Record Highs in 2019

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Twitter Facebook LinkedIn Mike Novogratz, the CEO of crypto investment firm Galaxy Digital, predicts that bitcoin will break out of its 2018 doldrums and soar to $20,000 in 2019 — fueled by a spike in institutional investments. The former Goldman Sachs investment banker says institutional “FOMO” (fear of missing out) will drive the market up over the coming months as cryptocurrency assets gain more mainstream acceptance and traditional finance players take the leap into crypto. Year-End Bitcoin Price Target: $8,800-$9,000 “Bitcoin has to take out $6,800, and after that we…

Bitcoin Soars Past $7,000 To A New Record High | CNBC

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The cryptocurrency has had a bullish streak throughout the week following the CME’s announcement that it will introduce bitcoin futures contracts. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News…