Author: Coin Viz

The overall volume of short-term Bitcoin holders transferring funds to exchanges peaked on Ethereum ETF launch day, July 23, at the highest level since May. Short-term holders to exchanges (Glassnode) Overall, Bitcoin transfer volumes for both long-term and short-term holders to exchanges showed short-term holders in loss represented a significant portion of transfer activity at 54%, and short-term holders in profit constituted 32%. Conversely, long-term holders exhibited a more cautious stance at just 13%. Their transfer volume remained low and stable, suggesting a reluctance to sell despite unknown market conditions. Percentage of volume to exchanges (Glassnode) Throughout Bitcoin’s history, short-term…

NPC Labs, a web3 gaming infrastructure startup founded by former Base team members, announced it raised $21 million. This amount includes $18 million from a seed round led by Pantera Capital, according to a July 22 statement shared with CryptoSlate. Other investors included Makers Fund, Hashed, Collab+Currency, Sfermion, Mirana Ventures, Bitscale Capital, and Mantle EcoFund. Onboarding 3 billion gamers NPC Labs noted that Web2 developers see the potential of on-chain gaming but often underestimate the complexities of creating a protocol with sufficient liquidity and user base while managing infrastructure for smooth gameplay. The firm hopes to solve this challenge by…

Bitcoin, currently valued at $64,900, has experienced significant movements in exchange balances over recent months, surging by 64,000 BTC, roughly $4.1 billion, in the last 30 days, according to Glassnode data. This follows a period of marked decline in exchange-held Bitcoin that began in early 2024 after the launch of the spot Bitcoin ETFs in the US and intensified post-halving in April 2024. Bitcoin exchange balances (Glassnode) Analyzing the chart, Bitcoin exchange balances increased throughout the end of 2023, peaking around late January 2024, coinciding with a local price low after the ‘sell the news‘ narrative of Bitcoin ETFs faded.…

Bitcoin’s rally past $64,000 caused a significant spike in exchange activity. Data from Glassnode showed a sharp increase in exchange inflows between July 14 and July 15, increasing from 12,684 BTC to 49,769 BTC. It indicates that many market participants moved their Bitcoin to exchanges, likely to realize profits driven by the price rally. The increase in exchange inflows was outpaced by exchange outflows, which increased from 12,674 BTC to 52,062 BTC in the same period. This action can be interpreted as a sign of confidence among holders who believe in further price appreciation and choose to secure their assets…

Block Inc. and Core Scientific have announced an agreement to supply Core Scientific with Block’s new 3-nanometer mining ASICs. Core Scientific will be the first to integrate these advanced chips into its large-scale mining operations. This collaboration is part of an ongoing effort to decentralize Bitcoin mining hardware and foster innovation in the mining ecosystem. Block’s Proto team, which leads the mining initiative and the self-custody wallet Bitkey, developed these ASICs. The chips provided to Core Scientific are expected to deliver approximately 15 EH/s (exahashes per second) of hashrate, with an option for additional volume. This agreement marks one of…

PRConnect, a digital content marketing services provider, has partnered with MediaFuse, a vertical newswire service, to enhance its news and content distribution services. In a statement shared with CryptoSlate on July 8, the companies said the move would expand PRConnect’s global distribution footprint while simultaneously creating successful campaigns targeting multiple markets and regions. PRConnect will utilize MediaFuse’s PR syndication capabilities to deliver news and press releases to readers in the blockchain, cybersecurity, fintech, gaming, and high-tech industries. The partnership will also allow PRConnect to offer clients guaranteed coverage in top-tier publications, including tech sites and news aggregators. Additionally, the collaboration…

The Web3 Foundation has awarded Dot Play a Decentralized Futures Grant to boost Polkadot’s gaming sector. According to a July 3 statement, Dot Play is tasked with creating a comprehensive platform for game developers using Polkadot’s advanced technology. The project will focus on high-growth gaming genres by building essential integration tools and offering sustainable business support within the Polkadot ecosystem. Dot Play will provide a gaming portal to onboard new developers and support various initiatives, including the Indy 500 Polkadot Car sponsorship. Additionally, Dot Play will offer technical integration to guide projects by evaluating their Game Design Documents (GDD). This…

Seoul, South Korea, June 26, 2024 – CryptoQuant, a leader in blockchain analytics, is excited to announce the integration of TRON data into its comprehensive analytical platform. This development is set to revolutionize how users interact with and derive insights from the TRON network. CryptoQuant’s enhanced platform now offers expanded capabilities for both novice and seasoned blockchain enthusiasts to explore in-depth data and trends about the TRON ecosystem. Users can access a wide range of metrics and analytics tools designed to provide detailed insights into the blockchain’s dynamics, enabling more informed decision-making and strategy development. This integration also significantly improves…

Ava Labs, the developer behind the Avalanche blockchain network, is working on introducing web3 technologies to enhance intellectual property management in the rapidly growing K-pop market. Justin Kim, who leads Ava Labs’ operations in South Korea, discussed the company’s strategic moves to bring blockchain solutions to the forefront of the entertainment sector in an interview with DL News on June 25. K-pop, known for its massive and dedicated fanbase, is projected to generate substantial revenue from events and merchandise in the coming years. Based on recent research, the market is expected to reach $20 billion by 2031. Ava Labs aims…

Iranian government officials and hardliners are voicing strong opposition to the play-to-earn blockchain game “Hamster Kombat,” claiming it serves as a tool of Western soft power aimed at distracting the populace from the upcoming presidential elections, local media reported on June 24. The criticism against the web3 game comes after millions of Iranis have turned to the game as a way to make money amid a deteriorating economy struggling with hyperinflation. Hamster Kombat, accessed via the popular but restricted Telegram app, functions as an idle clicker game in which users perform repetitive tasks to earn points in the hope of…