Some are using this fall as an opportunity to “buy the dip.” El Salvador President Nayib Bukele, whose country holds bitcoin on its balance sheet and has purchased coins during previous dips, announced another purchase of 150 BTC for around $48,700 each. Source link … [Read more...] about Bitcoin Drops $9K in an Hour
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Ethereum network burns $395K ETH per hour after London upgrade
Approximately 2.3 ETH is being burnt every minute through the new transaction fee mechanism introduced in Ethereum’s London upgrade on August 5.The highly anticipated London hard fork went live on Wednesday this week, ushering in the EIP-1559 upgrade that adjusted gas fees. Part of that adjustment introduced a mechanism that burns some of the base fees collected.The total … [Read more...] about Ethereum network burns $395K ETH per hour after London upgrade
Bonsai bonanza as Zenft studio sells out $2 million NFT drop in one hour
While the short-term market outlook for many NFT projects look uncertain and multiple new releases struggle to gain traction, one gardening-themed drop may have set some records by selling 8,888 NFTs in just under an hour.Nonfungible token studio Zenft released a line of 8,888 unique bonzai NFT plants that quickly sold out last night, with the studio selling each digital tree … [Read more...] about Bonsai bonanza as Zenft studio sells out $2 million NFT drop in one hour
Extreme leverage drove $500 million worth of BTC liquidations in one hour
The Bitcoin markets emphatically rejected the $60,000 price range on March 15, with excessive leverage driving a record $500 million worth of long liquidations over just 60 minutes.Glassnode’s founders, Jan & Yann, emphasized the new record hourly Bitcoin for liquidations, noting that more than half open futures contracts prior to the margin calls were leveraged by at least … [Read more...] about Extreme leverage drove $500 million worth of BTC liquidations in one hour