Historic Decline in Bitcoin Reserves
Bitcoin reserves have hit multi-year lows on crypto exchanges, according to CryptoQuant data. This coincides with Bitcoin’s bull market run to close in on the $100,000 mark. The decline in reserves could affect Bitcoin’s supply-demand dynamics, putting upward pressure on the price.
by Darkex Research – 1 min read
TRON (TRX) at ATH Level: “It Will Be the New XRP”
After Justin Sun’s “TRON is the new XRP” statements for TRON, TRX reached an all-time high (ATH) level, up 70% in 24 hours. TRON, which has returned nearly 100% in the last week, has taken its place on the agenda as one of the remarkable altcoins of the bull seasons.
by Darkex Research – 1 min read
Crypto Trading Volume Surpasses Stock Exchange in South Korea
The XRP craze in South Korea has pushed the country’s crypto trading volume above stock exchange volume. In addition to XRP, Dogecoin (DOGE), Stellar (XLM) and Shiba Inu (SHIB) were among the most traded crypto assets. The high interest in altcoins is reshaping market dynamics.
by Darkex Research – 1 min read
Trump Nominates Pro-Crypto Paul Atkins for SEC Chairmanship
Donald Trump is preparing to nominate Paul Atkins, a crypto-friendly figure, for the chairmanship of the US Securities and Exchange Commission (SEC). Atkins served as SEC commissioner under George W. Bush and has long been a supporter of the crypto industry. According to Unchained Crypto, although the nomination has not yet been officially accepted, Atkins’ election is considered a positive signal for the crypto market.
by Darkex Research – 1 min read
Martial Law Declared in South Korea
The Korean Martial Law Command has announced a total ban on political activities across South Korea as of 23:00 on December 3, 2024. This ban includes the National Assembly and local governments, as well as political associations and meetings. At the same time, South Korean crypto exchange Upbit announced delays due to increased traffic.
by Darkex Research – 1 min read
Bitcoin Balance on Exchanges Declines
The total Bitcoin balance on exchanges has dropped to about 2.312 million BTC, according to HODL15Capital. This represents a decrease of 116,200 BTC in the last month and a 12.8% year-to-date decrease, totaling 315,800 BTC. This trend shows that investors continue to adopt a long-term custody strategy by moving their Bitcoins off-exchange.
by Darkex Research – 1 min read
Inactive Bitcoin Whale Transfers 2,700 BTC
Onchain Lens reported that a Bitcoin whale that has been inactive for 11 years has transferred 2,700 BTC (approximately $259 million) to two new wallets. These Bitcoins were acquired in 2013 when the Bitcoin price was only $625.84 and were worth only $1.68 million at the time. This transaction stands out among the significant movements from old wallets.
by Darkex Research – 1 min read
Pump.Fun Deposits Another 100,000 SOL on Kraken
Pump. Fun transferred another 100,000 SOLs worth approximately $23.72 million to the Kraken exchange this morning. So far, the company has deposited a total of 1,595,278 SOL (approximately $380 million at current prices). These transfers are seen as a remarkable step reflecting the huge investment interest in SOL.
by Darkex Research – 1 min read
