Author: CryptoHoppers

MicroStrategy recently reported acquiring an additional 5445 Bitcoins. The software company revealed the transaction on Monday while filing with the SEC. The transaction amounted to a whopping $147.3 million. MicroStrategy now holds 158,245 Bitcoins, which accounts for 0.754% of the available BTC supply. The holding is roughly worth $4.1 billion, making MicroStrategy the biggest corporate BTC holder. Even with the massive holding, the company still has $500 million in unrealized losses due to BTC’s current price. The biggest crypto is currently trading near $26k, while MicroStrategy bought it for an average price of $29,582. Michael Saylor, the co-founder of MicroStrategy,…

Ava Labs has been instrumental in providing its developer’s initial glimpse of Firewood, which the company has been engaged in for a long period of time. It involved writing an advanced database that was maximized for holding Merkleized blockchain states from the start in Rust. Scholars agree that effective state control is one of the main obstacles to expanding the use of blockchain technology on a global scale. Using a specially created storage stack, Firewood addresses the issue by lowering the overhead of enhancing, storing, and removing the Merkleized state. Firewood uses the data’s Trie architecture in the form of…

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Polkadot has a bullish structure on the one-hour and four-hour chart, but this could soon change Data from MobChart suggested that short sellers could force a drop toward $4 Polkadot [DOT] saw a good performance on the price charts toward the end of the previous week. These gains continued over the weekend but the bears began to impose themselves on Monday, 2 October. Realistic or not, here’s DOT’s market cap in BTC’s terms Polkadot’s NFT ecosystem saw a decline…

The global crypto market has gained bullish momentum as investors hop on the “Uptober” bus — a bullish term used by traders. According to data provided by CoinMarketCap (CMC), the global crypto market capitalization has risen by 0.82% in the past 24 hours, reaching a six-week high of $1.09 trillion. The total market cap dropped to the $1 trillion mark on Sept. 12, marking a six-month low. The bullish momentum comes as traders believe that another bull run could soon be triggered in October. According to data provided by Santiment, the social volumes for terms like “Uptober,” “green,” and “Bitcoin…

Shimmer has announced that it has launched ShimmerEVM, a smart contract software that will be an addition to the testnet. The objective here is to provide IOTA with a staging area for decentralized applications. The staging area is an area where dApps are battle-tested before they are fully deployed on the main network. This helps developers review the limitations of the project or the foundational grounds on which they have constructed their work. It is only after they have perfected a dApp that it goes live on IOTA for the public. Shimmer Network is a potential candidate for this development.…

Renowned crypto analyst “Dark Defender” has forecasted a short-term bullish movement for the XRP price, with expectations that the cryptocurrency might hit the $0.66 mark this week. Sharing his insights on Twitter, the analyst referenced XRP’s 1-day chart, highlighting recent price dynamics and key technical indicators. “Hi there. XRP in the daily chart broke the initial resistance & back-tested it. We had a similar move on 13-Jul-23. The next Fibonacci level stands at exactly $0.6649. If we don’t see XRP below $0.50 support, we expect to hit $0.66 this week,” the analyst tweeted. XRP price prediction | Source: X @DefendDark…

Concerns regarding a possible US government shutdown catalyzed purchases of cryptocurrency investment products between Sept. 23 and 29.  According to CoinShares, the inflow to digital asset investment products reached $21 million last week. Experts indicated that the main activity occurred at the end of the week before the end of the financial year. At that time, there was still no certainty regarding the distribution of budget funds to continue the work of the departments. “The recent regional divergence persists, with the US seeing outflows totaling US$19m last week, while Europe and Canada saw inflows of US$23m and US$17m, respectively.” CoinShares…

Key highlights:The total cryptocurrency market cap decreased from $ 1.12T to $ 1.10T in the past 24 hours, representing a -1.76% changeThe Bitcoin price at press time is $ 27,572 after falling by -1.45% in the last 24 hoursThe total crypto trading volume decreased by -1.76% in the past 24 hours, and is currently at $ 139.11BAll prices and changes are presented at the time of publication: October 3, 2023, at 06:00 UTCMarket OverviewThe total cryptocurrency market cap is currently $ 1.10T after a -1.76% decrease on the day. The total crypto trading volume declined by -1.76% in the same time frame.Bitcoin is trading at…

The launch of EFUT marks the company’s second foray into the futures ETF market. US-based investment manager VanEck has officially announced the launch of the long-awaited Ethereum (Ether) futures exchange-traded fund (ETF), exposing traditional investors to the world of cryptocurrencies. According to a press release on Monday, the fund named VanEck Ethereum Strategy ETF (CBOE: EFUT) is structured as a C-Corporation. The investment vehicle is designed to be the sole ETF focused on ETH futures, potentially providing tax advantages for long-term investors. However, it is essential to note that the newly launched fund does not directly invest in cryptocurrencies like…

This month, about $200 million in crypto will be released into the market. At least six large projects account for over 80% of the total, or $174 million, as reported by TokenUnlocks. This considerable surge could create a substantial shift in the market dynamics of these assets. The so-called “token unlocks” process involves the distribution of previously restricted assets into the cryptocurrency landscape. Leading the pack, Axie Infinity (AXS) aims to release a staggering 15.13 million tokens—about 11.5% of its circulating supply — roughly worth $71.2 million. Another significant player, Optimism (OP) — an Ethereum (ETH) layer2 network — is…