Crypto

66.5% of Bitcoin Long-Term Holders are in Profit Amid Unrealized Losses

Despite 66.5% of Bitcoin's long-term holder supply being in profit, the market lacks clear signals for a bull run. Long-term holders are facing unrealized losses as leveraged positions throughout the market are being reset. This dynamic is contributing to uncertainty, with many investors waiting for more definitive signs of a price reversal. Analysts suggest that until we see stronger bullish indicators and a shift in market sentiment, the path forward may remain volatile. Hence, while profitability for long-term holders is promising, it does not guarantee a market rally in the near future.

Crypto

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India Proposes $80 Billion Welfare System to Boost CBDC Adoption

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India is considering a substantial $80 billion welfare system aimed at enhancing the adoption of its Central Bank Digital Currency (CBDC). The initiative seeks to integrate the digital currency into existing welfare programs to encourage more widespread usage among citizens. By leveraging established distribution channels, the government hopes to facilitate

Wrapped Bitcoin Enhances Security Post $293M KelpDAO Exploit

Wrapped Bitcoin Enhances Security Post $293M KelpDAO Exploit

In response to the recent $293 million exploit of KelpDAO, Wrapped Bitcoin (wBTC) is tightening its security measures. Analysts suggest that wBTC's pivotal role as collateral within the decentralized finance (DeFi) ecosystem means any vulnerabilities could have far-reaching implications. The move to enhance security is seen as a

Canton's CIP-0114 Causes Surge in Short Liquidations and Open Interest

Canton's CIP-0114 Causes Surge in Short Liquidations and Open Interest

Canton's recent announcement of CIP-0114 is making waves in the crypto market, leading to a notable increase in institutional demand. As this new initiative gains traction, Open Interest has also seen a significant spike. Traders are reacting swiftly, resulting in a dramatic surge in short liquidations. Analysts suggest