According to Token Terminal data, the Aptos network has experienced substantial growth, processing over 10 million transactions daily. The low average transaction fee of approximately 0.00007 USD is a significant factor in this increase.
Archives: Fast News
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Whale withdraws 6,899 ETH from major exchange after recent swing trade
A trader with a history of short-term ETH trades withdrew 6,899 ETH valued at approximately $13.58 million from a major exchange at $1,968.58 per token. The same address previously executed a swing trade buying at $2,056 and selling near $2,083, realizing gains of $185,000 over a 3-day holding period. The recent withdrawal timing aligns with current ETH price levels around $1,967.50.
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Upshift Finance x Clearstar Labs 25M FXRP vault reaches capacity
The Upshift Finance and Clearstar Labs FXRP vault has reached its 25 million token capacity. The integration of Flare Smart Accounts with Xaman Wallet enabled XRP holders to access decentralized on-chain yield opportunities more easily, driving demand that filled the vault allocation.
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Hong Kong Legislative Council president advocates for careful growth of stablecoins and virtual assets
The Hong Kong Legislative Council plans to fully back its first five-year plan, focusing on improving financial and technological regulations.
Legislative Council member Chan Chun-ying stresses the need for cautious advancement of stablecoins and virtual assets, emphasizing regulatory frameworks to secure financial stability.
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Robert F. Kennedy Jr. Announces his bid for the 2028 presidential election and reaffirms his strategy to hold Bitcoin assets
Robert F. Kennedy Jr. Confirmed his candidacy for the 2028 U.S. Presidential election, emphasizing his commitment to Bitcoin as a key asset. He advocates for decentralization in the monetary system and underscores the importance of self-custody rights.
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U.S. IRS proposes electronic acceptance for crypto exchanges
The IRS has proposed that crypto exchanges enforce the electronic acceptance of Form 1099-DA, impacting digital asset transaction reporting.
Exchanges could terminate accounts of users who refuse electronic delivery, signaling a major shift in compliance.
The public can provide input on this proposal until May 5, 2026.
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Spot Bitcoin ETFs show signs of ending multi-month outflow streak
US spot Bitcoin ETFs have experienced net outflows for five consecutive months since October 2024, according to data from SoSoValue. March 2025 is showing early signs of reversing this trend, with preliminary data indicating new inflows to Bitcoin ETF products. This potential shift could signal renewed institutional interest after a prolonged period of fund withdrawals.
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Update on BTC and ETH: Both have surged over 2000% since the 2018 bear market lows
The cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) have exhibited a superb comeback, increasing over 2000% since reaching their lows during the 2018 bear market.
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Global liquidity signals potential crypto market reversal ahead
Analysis of macro liquidity trends suggests potential support for crypto markets in coming weeks. Global liquidity has maintained a 90% correlation with BTC since 2012 and continues growing at approximately 10% annually. Key indicators include easing financial conditions, accelerating US total liquidity following recent constraints, and expanding credit mechanisms through the eSLR. Additional supportive factors cited include expected US rate cuts, tax refunds flowing into bank balance sheets, and China’s expanding monetary base. Stablecoin issuance grew 50% last year and continues accelerating, with trading volumes in the trillions of dollars. Weekly and daily technical indicators suggest potential for trend reversal within the next two weeks if weakness continues.
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Coinbase criticizes US IRS crypto tax reporting as burdensome for users
Coinbase has pointed out the complexity of the IRS 1099-DA tax forms which many US users are currently receiving for reporting digital asset transactions.
The absence of cost basis in the current reporting system adds confusion for users. Coinbase intends to address this by implementing cost basis calculations in the next tax year.