Author: Coin Viz

Bitcoin’s trading hours have surpassed those of the modern US fiat stock market since the Nixon Shock, but claims of it exceeding the entire history of US stock trading or fiat globally would be premature. A closer examination reveals a more nuanced picture of market longevity and trading activity. The crypto community recently buzzed with a statistic highlighting how Bitcoin had accumulated more trading hours than the fiat stock market following an analysis by Cory Bates. HODL Kamikaze image of Bitcoin vs Fiat stock market trading (HODL Kamikaze) Bates identifies how Bitcoin trading has now surpassed the fiat stock market,…

DeFi and social dApps saw a notable rise in daily unique active wallets (dUAW) in August, as the overall dApp industry hit a record 17 million average dUAWs, up 9% from the previous month, according to a DappRadar report. DeFi Decentralized exchanges Raydium and Uniswap v2 had 18.8 million and 4.8 million monthly unique active wallets, respectively, in August, granting them the second and fourth most active applications in the blockchain sector in the period. Notably, Raydium posted 107% monthly growth in activity, while Uniswap v2 fell 9%, highlighting the trend of growing user activity on Solana. Despite having two…

PixelRealm, a Web3 gaming ecosystem, has partnered with Neon EVM to enable Ethereum-based games on Solana without the necessity of recoding. This means that developers can deploy existing Ethereum codebases on Solana, reducing development time and costs. The partnership comes as blockchain gaming sees renewed interest, with nearly $580 million invested in 2024, according to Rootdata. PixelRealm is supported by Binance Labs and Polygon Studios and currently serves over 120,000 players. The collaboration will lead to the launch of Kugle, a mobile game featuring virtual collectible pets, NFTs, and an animated player-driven universe called KugleWorld. Steven Leaton, Gaming Lead at…

World Liberty Financial (WLFI) — a DeFi project tied to members of former President Donald Trump’s family — responded to a wave of speculation on Sept. 4 with a series of tweets clarifying its DeFi strategy and confirming its collaboration with Aave. In the posts, WLFI announced the partnership aims to develop a platform that will drive the mass adoption of US-pegged stablecoins, highlighting the project’s potential impact on both crypto and the US economy. The project has gained additional attention due to the involvement of former President Donald Trump’s family, particularly Eric Trump and Donald Trump Jr., who are reportedly…

Two major technology companies—Siemens and Samsung—have made significant strides in the crypto sector, each advancing their involvement in different ways. Siemens issues €300 million digital bond. German technology giant Siemens launched its second digital bond, valued at €300 million, on a public blockchain, according to a Sept. 4 statement. The bond, set to mature in one year, was settled using SWIAT’s private permissioned blockchain and leveraged the Bundesbank’s Trigger Solution. DekaBank acted as the bond registrar, while BayernLB, DZ BANK, Helaba, and LBBW participated as investors. Deutsche Bank facilitated the settlement in central bank money. Siemens stated that the transaction…

Ethereum’s layer-1 network has witnessed a drastic decline in revenue, plummeting by 99% since March 2024. Data from Token Terminal reveals that network revenue peaked at over $35 million on March 5. However, by Sept. 2, daily revenue had plunged to a yearly low of around $200,000. Ethereum Revenue (Source: Token Terminal) Market observers attribute this decline to the growth of layer-2 (L2) networks and the March Dencun upgrade, which reduced fees for L2 transactions and reshaped Ethereum’s revenue structure. Token Terminal stated: “Key metrics that show how lower transaction fees on L2s have increased usage, but also driven down…

Cantor Fitzgerald CEO Howard Lutnick recently articulated his vision for Bitcoin’s integration into traditional finance, emphasizing its potential to become a pivotal asset in the financial industry. Lutnick highlighted the gradual acceptance of Bitcoin within mainstream finance, noting that while an ETF has begun to make Bitcoin more mainstream, banks are still unable to engage with it due to regulatory constraints. He explained, “Right now there’s an ETF just starting to go a little bit mainstream, maybe a toe in the water of mainstream, but Banks still can’t clear it. Banks still can’t transact in it.” He pointed out that…

Crypto-related exchange-traded funds (ETFs) dominate year-to-date flows among the nearly 400 ETFs launched this year, as 13 out of 25 of these funds are indexed to Bitcoin (BTC) or Ethereum (ETH). The four largest funds are all spot Bitcoin ETFs traded in the US and have registered over $2 billion in year-to-date flows, according to a breakdown shared by The ETF Store CEO Nate Geraci.  IBIT dominates year-to-date flows BlackRock’s iShares Bitcoin Trust ETF (IBIT) leads by a comfortable amount, inching closer to $21 billion. Fidelity’s FBTC gears towards the $10 billion mark, while ARK 21Shares’ ARKB and Bitwise’s BITB wrap up the…

Crypto investment products faced significant outflows last week, totaling $305 million, as negative sentiment spread across various providers and regions, according to CoinShares‘ latest weekly report. James Butterfill, CoinShares’ head of research, attributed these outflows to stronger-than-expected US economic data. He noted that this data “diminished the likelihood of a 50-basis point interest rate cut.” He further added: “We continue to expect the asset class to become increasingly sensitive to interest rate expectations as the FED gets closer to a pivot.” Bitcoin, US bore the brunt of outflows Bitcoin experienced most of these outflows, with asset managers like Grayscale, ProShares,…

On Sept. 1, the Cardano blockchain completed the first phase of its Chang hard fork, signaling a new era of decentralized governance for the network. The upgrade is a significant achievement for Cardano, marking a pivotal step toward fulfilling its vision of a fully self-governing, decentralized network. The move is also said to set it apart as the first major blockchain to implement a token-based governance system. Charles Hoskinson, Cardano’s founder, described this achievement as monumental, surpassing even Bitcoin, stating, “This dwarfs Bitcoin. It’s unique, and books will be written about what has happened.” Hoskinson emphasized that Cardano’s accomplishment is…