Category: News

Over 30% Of Bitcoin Supply Controlled By Centralized Entities: Report

A new report by Gemini and analytics firm Glassnode has revealed a notable shift in Bitcoin (CRYPTO: BTC) ownership structure, with centralized entities now controlling over 30% of the cryptocurrency’s circulating supply. This institutional consolidation highlights Bitcoin’s evolution into a recognized financial asset, increasingly adopted by sovereign treasuries, regulated...
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DeFi Adding $5B of Solana Buying Power With New Line of Credit

DeFi Development Corp. (DFDV), the Nasdaq-listed firm pursuing a solana SOL treasury strategy, is planning to get some more dry powder to boost its SOL stack. According to a Thursday press release, the company has secured a $5 billion equity line of credit with RK Capital Management. The agreement...
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The Protocol: Polygon, Once a Scaling Leader, Eyes a Revamp

Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. We’re Margaux Nijkerk and Sam Kessler, CoinDesk’s Tech & Protocols team. In this issue: Sandeep Nailwal Takes Control of Polygon Foundation, Charts New Course, Retires ZkEVM Ethereum Foundation Unveils New Treasury Policy With...
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Will Hamster Kombat price recover after falling 90%?

Hamster Kombat token crashed to a record low on Thursday, capping the downfall of one of the most prominent players in the tap-to-earn industry. Hamster Kombat (HMSTR) plunged to $0.0010, down 89% over the past year. The token’s market capitalization…...
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Bitcoin Wobbles At $107,000: What Does Technical Analysis Say?

Crypto analysts Benjamin Cowen and DonAlt have presented diverging views on Bitcoin’s (CRYPTO: BTC) trajectory following its recent price movements, with one warning of a cycle top and the other eyeing continued upside. Bearish Case: Has Bitcoin Already Peaked? Cowen highlighted a historically reliable indicator: the 200-week simple moving...
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RESOLV price crashes after initial rally: what’s going on?

After posting double-digit gains fueled by a Binance listing, massive airdrop, and multi-exchange debut, RESOLV,the governance and rewards token of the Resolv stablecoin protocol, has plunged over 20% today. RESOLV (RESOLV) dropped sharply on Thursday, falling from a daily high…...
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