Smart Nodes

08/12/2023

In July, Kraken was the most liquid altcoin platform in the U.S. with a 47% market share, followed by Coinbase at 41%.

07/24/2023

Elon Musk has announced that Twitter's blue bird logo will be replaced by an X logo and that X.com will now redirect to the Twitter website. The change came after Musk acknowledged that ad revenue had nearly halved as he aimed to steer Twitter in a new direction with the rebrand.

07/04/2023

Competition in the U.S. Bitcoin ETF market is intensifying as prominent asset managers seek approval for spot Bitcoin ETFs.

The recent filing of BlackRock's Spot Bitcoin ETF has resulted in a surge of investments in Bitcoin Future-backed ETFs. The daily trading volume of the largest ETF traded in the U.S. surpassed $500 million by the end of June, a milestone that has been reached only four times since its launch. Although over 30 spot ETF applications have been rejected, a 2x leveraged ETF was recently granted approval.

06/14/2023

Since the SEC lawsuit, Binance US has seen a massive 78% drop in market depth. Market makers quickly exited, resulting in a noticeable scarcity of liquidity.

05/19/2023

Coinbase released Coinbase One, which lets users "use less fees, enjoy more rewards, and a dedicated 24/7 support team." Users will also see a boost to staking rewards and gain access to blockchain analysis tools Messari and CoinTracker for $29.99/month.

05/18/2023

05/16/2023

A recent blog post on Binance Academy discussing ORC-20 tokens resulted in a remarkable surge in daily trading volume, reaching an unprecedented peak of 72.2k on May 13. During this surge, approximately 70,000 ORC-20 tokens were generated.
It is important to highlight that the transactions involving ORC-20 tokens primarily centered around assets like PUNK, PEPE, and various other MEME-related tokens. These transactions have collectively contributed to a total of 13.22 BTC in fees paid.
Simultaneously, on the same day, the number of BRC-20 transactions amounted to approximately 265k.

05/05/2023

According to a May 4th report from The Block, the median value of Ethereum Gas reached approximately 88 gwei this week, representing a new peak since May of last year. The surge was largely driven by transactions involving meme coins, as highlighted by Hildobby, an anonymous data researcher at Dragonfly.

04/30/2023

DeFi Cheetah, a crypto venture capital researcher, pointed out that the three main problems of current DeFi lending protocols are that interest rates are not random, usage-based lending is inefficient, and credit risk is not combinable. Until these problems are solved, traditional institutions cannot price the risks of lending agreements and cannot bring traditional financial funds into the chain.

04/16/2023

Some ATMs in Hong Kong now facilitate cash exchanges for Tron, USDT, Bitcoin, and Ethereum.

04/13/2023

Today (April 12), the Ethereum network is set to undergo a major upgrade known as the Shapella fork. This update will allow validators to withdraw their staked ETH, which has been dormant on Beacon since December 2020.

Although it's unclear how much selling pressure the withdrawals could generate, experts predict it may be relatively limited, amounting to only 1-2% of the total average daily Ethereum transaction volume.

However, in the event of a market sell-off or investor de-risking, some holders may decide to sell their unlocked ETH holdings, which could further impact the market.

04/10/2023

Ethereum has won the Layer 1 war" and the Layer 2 battle has begun, claims Mihailo Bjelic, co-founder of Polygon.