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  • Number of Ethereum addresses in profit drops to 21-month low with over half in a loss

    Number of Ethereum addresses in profit drops to 21-month low with over half in a loss

    The percentage of Ethereum addresses in profits is at its 21-month low, standing at 66.77%, as revealed in a tweet by Glassnode’s on-chain alerts account on May 10. At the same time, data indicates that over 33% of Ethereum addresses are holding their ETH tokens at a loss.

    According to Glassnode, the last time such figures were recorded was more than one and a half years ago – on October 8, 2020, when the percentage had dropped to its 21-month low of 66.82%.

  • SHIB army burns 324.7 million SHIBA INU in past 24 hours

    SHIB army burns 324.7 million SHIBA INU in past 24 hours

    According to shibburn, in the past 24 hours, there have been a total of 324,735,210 SHIB tokens burned, equivalent to $4,981 at the current exchange rate.

  • Bitcoin briefly falls to $29,000 as headline inflation slows to 8.3%

    Bitcoin briefly falls to $29,000 as headline inflation slows to 8.3%

    The consumer price index (CPI), the most widely used gauge to track inflation, dropped to 8.3% in April from a year earlier, down from 8.5% in March, a four-decade high, according to the report published Wednesday. Economists had estimated an 8.1% rate for April.

    Bitcoin’s price went erratic in response to the bureau’s update. Upon release, the cryptocurrency’s value collapsed from roughly $31,700 down to $29,000 within 20 minutes. Within an hour, the overall amount of liquidations constituted nearly half a billion USD—$406,065,000.

  • Top 10 Daily Losers – GameFi Section

    Top 10 Daily Losers – GameFi Section

    Top 10 Daily Losers – GameFi Section

    BRWL, the utility token operating in the Blockchain Brawlers ecosystem, is currently suffering the biggest drop, losing 53.53% of its value. Based on the weekly price, this asset has dropped by 85.19%.

    Following closely behind are PLATO (down 48.57%), GALA (down 41.6%), RACA (down 40%), PLD (down 36.01%)…

  • NASA partners with Epic Games to create a Martian metaverse simulation

    NASA partners with Epic Games to create a Martian metaverse simulation

    NASA, the U.S. space agency, has partnered with Epic Games, the company behind Fortnite, to build a challenge for developers to help create a Martian metaverse experience.

    The challenge will include various tasks, including designing several key environments for Martian astronauts, which will be rendered using Epic Games’ Unreal Engine 5 to provide a realistic environment.

  • 44% of DOGE holders are still in profit despite market correction

    44% of DOGE holders are still in profit despite market correction

    The first memecoin on the cryptocurrency market, Dogecoin, shows a decent level of profitability despite the correction on the cryptocurrency market.

    Data from IntoTheBlock shows that 44% of all Doge holders are still in profit, 47% in loss, while 9% remain in the neutral territory.

  • Bitcoin price crash has left 40% of investments underwater

    Bitcoin price crash has left 40% of investments underwater

    According to research from blockchain analytics firm Glassnode, only 60% of Bitcoin investments remained profitable when the cryptocurrency was priced at $33,600 per unit. The remaining 40% of investments sank below water.

  • Bitcoin addresses with 1 BTC surpass 830,000 as number of retail investors grows

    Bitcoin addresses with 1 BTC surpass 830,000 as number of retail investors grows

    Data from on-chain analytics company Glassnode indicates a significant rise in the number of Bitcoin addresses holding more than 1 BTC. Holding of at least 1 BTC has marked a new all-time high of 836,922.

    Addresses holding at least 0.01 BTC have also been on the rise, reaching new all-time highs of 9,989,557.

  • Meta launches digital collectibles on Polygon for Instagram, Facebook

    Meta launches digital collectibles on Polygon for Instagram, Facebook

    Polygon has partnered with Meta to create an NFT platform for Instagram and Facebook, Polygon CEO Ryan Wyatt announced via Twitter.

    The partnership will expose Polygon’s blockchain ecosystem to Meta’s combined 2.9 billion users. Wyatt said Meta chose Polygon due to its carbon-neutral footprint and high scalability.

  • El Salvador buys the Bitcoin dip and snaps up 500 tokens in its largest purchase ever

    El Salvador buys the Bitcoin dip and snaps up 500 tokens in its largest purchase ever

    El Salvador’s government added another 500 Bitcoin to its stockpile on Monday, marking its largest purchase yet of the cryptocurrency amid the broad market rout.

    According to Bukele, the purchase was made at an average price of $30,744 per Bitcoin — or about $15.5 million total. Previously, El Salvador’s largest purchase was on January 21, when it bought 410 tokens for an average price of $36,585.