Author Archives: Cryptoslate

Over $76M invested in crypto funds in past 7 days

Around 90% of this inflow was directed towards Bitcoin-related investment products, which equates to over $69 million. A total of $76 million was invested in digital asset products during the week of Jan. 30 to Feb., according to a CoinShares report. Around 90% of the inflows were directed toward Bitcoin (BTC) related products, which equate to about[Read more…]

Arweave spikes 9% as transaction count records all-time high in January

Arweave sees a flood of network activity in conjunction with buoyant price action. Arweave posted a 9% gain over the last 24 hours to $11.52, marking a 12-week high. The price spike was accompanied by a tweet from Arweave co-founder and CEO Sam Williams, who said the chain had experienced its highest-ever monthly transaction count[Read more…]

Lido’s price decline tied to Jump Trading dumping, analyst says

Jump Trading has dumped roughly 65,000 LDO tokens — declining over 10% in price —over the last 24 hours, according to Etherscan data. On-chain analyst Lookonchain has tied Lido’s (LDO) recent sharp decline to crypto company Jump Trading in a Jan. 31 Twitter thread. LDO declined by around 10% on Jan. 27 when Jump Trading[Read more…]

Maple Finance records a loss of $7M at end of 2022

Maple Finance Q4 report shows it originated about $87 million across 23 new loans, which is down by 67% from its previous record of $262 million. Institutional crypto lending protocol Maple Finance has reported a net loss of about $7 million at the end of the fourth quarter of 2022 as it moves to close its lending[Read more…]

CryptoSlate Daily wMarket Update – Nov. 18-20: TRON ousts Solana from top 10 rankings

The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays Over the reporting period, the cryptocurrency market cap saw net outflows of $31.56 billion to $796.6 billion, down 3.8% from $828.16. Bitcoin’s market cap decreased by 4% to $308.8 billion from $322 billion.[Read more…]

‘Boring’ Litecoin makes play for top 10 amid market meltdown

Litecoin has been climbing the crypto market cap ranking and currently stands at rank 15 with a market cap of  as of press time. Meanwhile, the shake-up sees Solana move in the other direction, sliding from its top 10 position at the end of October to place behind Litecoin at 16th. On Oct 30, Litecoin was[Read more…]

CryptoSlate Daily wMarket Update – Nov. 17: Solana prints losses in mute market performance

The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays. Over the last 24 hours, the cryptocurrency market cap saw net inflows of around $8 billion and currently stands at $836.19 billion as of press time — up 0.98% from $828.16 billion on[Read more…]

Over $500M flew out of Solana in a week, DeFi TVL down 63%

The total value locked (TVL) in Solana (SOL) network’s decentralized finance (DeFi) ecosystem stood at $330 million as of Nov. 14 — signifying a drop of 96.75% from a peak of  $10.17 billion in December 2021, according to DeFiLlama data. TVL  in Solana DeFi progressively fell throughout 2022, driven by SOL’s dropping value and the larger[Read more…]

Solana Foundation reveals minimal exposure to FTX

Solana (SOL) Foundation revealed that it held roughly $1 million worth of cash or its equivalent -less than 1% of its assets- on bankrupt crypto exchange FTX as of Nov. 6, according to a Nov. 14 blog post. According to the Foundation, it also had 3.43 million FTX tokens (FTT) and 134.54 million Serum (SRM) tokens[Read more…]

Cloud service provider Hetzner blocks access for Solana validators over TOS breach

Top executives at Solana urged affected validators to move their operations to a crypto-friendly cloud service provider. Cloud service provider Hetzner has stopped providing its services to Solana (SOL) validators, according to a screenshot shared by stake pool operator SolBlaze on Nov. 2. Hetzner requested the unnamed validator to remove all Solana-related activities on their[Read more…]