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Nansen will provide analysis for Galxe’s Gravity blockchain

Nansen expands to yet another blockchain with Gravity, which was launched by Galxe in its alpha mainnet in June.

Blockchain analytics platform Nansen has partnered with Gravity to provide data and analytics. Gravity is the high-performance blockchain developed by the onchain distribution platform Galxe.

Gravity serves the 30 million users in the Galxe ecosystem. It has almost 87,000 active addresses and is estimated to have over 100 million transactions per month.

The Gravity alpha mainnet, integrated with all Galxe products, went live in June. It is an Ethereum Virtual Machine (EVM) compatible layer-1 blockchain designed to allow Web3 applications to launch their own layer-1 blockchains and faster layer-2s optimized for EVM chains.

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Fed’s ‘juice’ into crypto has analyst eyeing ‘trimming’ opportunities

The US Fed’s decision to cut interest rates was just “catching up to market expectations,” as an analyst argues a lot of the added “juice” was already priced in the riskier assets.

According to a crypto analyst, the United States Federal Reserve’s move to lower interest rates was already priced into the crypto market, signaling that now might be the time to consider potential selling opportunities.

“The Fed put has also been anticipated by rate markets: in a sense, last week, the Fed was catching up with market expectations,” blockchain analytics firm Nansen principal research analyst Aurelie Barthere wrote in a Sept. 23 report shared with Cointelegraph.

“Keeping crypto allocation or skin in the game makes sense as the Fed has just given more juice to this bull market. But a lot is already in the price of risk assets,” Barthere added.

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Ether price drop due to investor sentiment, not $420M ETF outflows — Nansen

Ether’s price is subdued by a lack of risk appetite among investors caused by wider macroeconomic conditions.

Ether’s sluggish price action is driven more by a lack of investor interest than by the ongoing outflows from spot Ether exchange-traded funds (ETFs).

The price of Ether (ETH) has fallen by more than 26% since the launch of United States-based spot Ether ETFs on July 23. The ETFs have recorded a cumulative $420.5 million in net outflows since their launch date.

However, Ether’s price isn’t struggling due to the continued ETF outflows but due to a lack of risk-on appetite among investors, according to Aurelie Barthere, the principal research analyst at Nansen onchain analytics platform.

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Bitget and Nansen Study Highlights Community Impact on Token Price Predictions

Bitget and Nansen Study Highlights Community Impact on Token Price PredictionsBitget and Nansen Research teams have released a comprehensive report detailing the significant role community engagement plays in predicting token prices. The collaborative study underscores the importance of combining onchain and off-chain metrics for accurate price forecasting. Bitget and Nansen Highlight Community’s Role in Token Price Forecasting Researchers from the crypto exchange Bitget, and Nansen, […]

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41% of top ZK airdrop wallets have already sold everything — Nansen

The data covered the “top 10,000 addresses” that received zkSync’s new ZK token, though that only makes up 1.4% of the total wallets eligible for the ZK airdrop.

Nearly half of the top wallets that received the new zkSync (ZK) token on Monday, June 17, have already sold their entire allocation in the airdrop, contributing to a 34.5% fall in the price of ZK since its launch.

Data from blockchain analytics firm Nansen shows that nearly 41% of tracked addresses sold their entire airdrop, while 29.2% sold at least some of their tokens. The total amount sold across both cohorts was over 486 million ZK.

Just over 30% of the top receiving wallets have held onto their ZK tokens.

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Binance To List Ethereum-Based Crypto Gaming Project After It Prints 108% Rally

Binance To List Ethereum-Based Crypto Gaming Project After It Prints 108% Rally

Binance, the largest digital asset exchange in the world, is about to list a hot gaming-focused crypto project. In a new announcement, Binance says that the platform will support Ethereum (ETH)-based Ronin (RON) for trading beginning Tuesday following the token soaring by more than 100% in a month. Once launched for open trading, Binance says […]

The post Binance To List Ethereum-Based Crypto Gaming Project After It Prints 108% Rally appeared first on The Daily Hodl.

Korean Hackers Lose Big Trading on Hyperliquid: Are They Poking for Holes?

Coinbase’s Bitcoin Reserves Skyrocket by Over $450,000,000 As Binance BTC Holdings Plunge: On-Chain Data

Coinbase’s Bitcoin Reserves Skyrocket by Over 0,000,000 As Binance BTC Holdings Plunge: On-Chain Data

New on-chain data reveals that top US-based crypto exchange Coinbase is seeing its Bitcoin (BTC) reserves skyrocket as Binance’s BTC holdings plummet. According to data from blockchain tracker CryptoQuant, Coinbase’s BTC reserves have increased by 12,000 BTC, worth about $450 million, while Binance’s Bitcoin holdings have decreased by about 5,000 BTC, or $187 million. The […]

The post Coinbase’s Bitcoin Reserves Skyrocket by Over $450,000,000 As Binance BTC Holdings Plunge: On-Chain Data appeared first on The Daily Hodl.

Korean Hackers Lose Big Trading on Hyperliquid: Are They Poking for Holes?