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Quick Take The number of DEX traders on Ethereum is down to 63,000, the lowest number of traders since February. This is an excerpt from The Block’s Data & Insights newsletter.
Quick Take CEO Keonne Rodriguez and Chief Technology Officer William Lonergan Hill were charged on Wednesday with operating the Samourai Wallet. Prosecutors say Samourai is an unlicensed money-transmitting business and was involved in over $2 billion in unlawful transactions.
Quick Take The bitcoin halving has historically viewed as a bullish signal. This year, predictions varied. For miners, the bulk of their earnings have been cut by 50% in one day. This is an excerpt from The Block’s Data & Insights newsletter.
Over $6.3 billion worth of bitcoin options and over $3 billion in ether options are set to expire on this Friday on Deribit.The bitcoin option put-call ratio is more skewed towards puts compared to ether’s put-call ratio ahead of the same expiry.
Check out which BTC-related cryptocurrencies performed the best since the start of 2024.
Bitwise CIO Matt Hougan has made five predictions ahead of Bitcoin’s next halving, estimated for April 2028.Hougan expects lower volatility, increased portfolio allocations and ETF flows, central bank involvement and a price target of at least $250,000 during the period.
- 17:33Data: Sky's annualised net income hits record high of $274 millionDeFi deal Sky (formerly MakerDAO) has announced that its annualised net revenue has reached a record high of $274 million, which stood at $167 million on 21 November.
- 17:32Bitcoin rose more than 36% in November, the fourth best month since October 2021Bitcoin's November gain of over 36% would be the fourth best performing month since October 2021, just below February 2024 (44%), January 2023 (40%) and October 2021 (40%). On a quarterly basis, Bitcoin is up 51% in the current quarter, with December still some way off. The current market structure for Bitcoin is similar to the fourth quarter of 2020, which saw strong green growth in October and November and a correction during Thanksgiving 2020, when the Bitcoin bull market began.
- 17:31Opinion: DOGE ETF Filing ‘Definitely’ HappeningAlexander Blume, CEO of Two Prime Digital Assets, said the DOGE ETF application is ‘definitely’ going to happen, arguing that with the outstanding success of the BTC ETF, startup financial firms will be looking to create any product that is likely to be successful, although whether or not it will be approved is another matter. approval is another matter.
