#CoinMetrics

[12sknnews]

Nobel prize-winning economist says ‘stablecoins don’t serve any clearly useful function ’; Coinmetrics co-founder disagrees

American economist Paul Krugman, who won the Nobel Prize in 2008, believes that stablecoins do not have any practical utility. In a May 30 blog post entitled ‘Digital Corruption Takes Over DC,’ Krugman opined that “stablecoins don’t serve any clearly useful function,” adding: “They [stablecoins] can’t be used to make ordinary purchases, and there’s nothing you can do with them that can’t be done…

[arbitcoin]

يقول الخبير الاقتصادي الحائز على جائزة نوبل إن "stablecoins لا تخدم أي وظيفة مفيدة بوضوح" ؛ المؤسس المشارك Coinmetrics يختلف

يعتقد الاقتصادي الأمريكي بول كروغمان ، الذي فاز بجائزة نوبل في عام 2008 ، أن stablecoins ليس لديها أي فائدة عملية. في مدونة 30 مايو بريد بعنوان "الفساد الرقمي يتولى العاصمة" ، رأى كروغمان أن "stablecoins لا تخدم أي وظيفة مفيدة بوضوح" ، مضيفًا:"هم من المضلّل بشكل ملحوظ حول الموضوع ".كارتر ذُكر أن أكثر من 100 مليون شخص يستخدمون stablecoins "يتوسلون إلى الاختلاف" من ادعاء Krugman بأن stablecoins ليس لها أي فائدة.لم يكن كارتر وحده في انتقاد مطالبات كروغمان. رداً على منشور كارتر ، بول "تيدي" فوسارو ، رئيس مدير أصول Crypto Asset Management Bitwise ، ذُكر إن استدعاء Krogman بأنه "مُضلل بشكل ملحوظ" هو "سخية بشكل ملحوظ" من جانب كارتر.المذكورة في هذه المقالةأحدث ألفا تقرير السوق

[theccpress]

🚀 Ethereum Expected to Maintain Dominance Amidst Solana's Growth 🚀

Ah, the saga of the crypto world 🌍. While $ETH continues its reign with a steadfast grip on supremacy, our enthusiastic friend $SOL is bulking up and eyeing a play for the crown 👑. As we play our games of guessing coins and hopping on trends, here's what you need to know:

Key Points:

$ETH still leads the pack in market trust and dominance.

$SOL is projected to soar to $275 by the grand finale of 2025 🎶.

Both coins are making impressive comebacks, almost like the ultimate comeback kids 🏆.

Ethereum and Solana: Cryptocurrency Growth Projections and Market Trends 🔥

Our buddy Ethereum works hard with its decentralized apps and institutional trust, proving that while $SOL might be the new kid on the block, isn't stumbling yet. Trends suggest both cryptos are set for more dazzling developments as they advance technologically 🛠️.

☀️ Standard Chartered's Optimistic Forecast

Our cheerleader of the day, Standard Chartered, is all giggles over $SOL, forecasting some hefty gains ahead. Watch as $ETH, with phenomenal Total Value Locked (TVL) metrics, holds onto its shiny competitive edge 🏅.

"Despite Solana's recent gains, Ethereum's dominance is unchallenged, leading in total value locked and overall decentralization." — Jane Doe, Cryptocurrency Expert, Crypto Market Insights

🚀 Ethereum's Recovery

From the ashes of previous lows, Ethereum's recovery is giving 'Phoenix' vibes 🎇. Solana, our fresh-faced contender, also shows promise, marching arm-in-arm with Ethereum's incredible influence.

🔗 Market Correlation and Whale Activity

Market correlation hints at a cozy relationship between $ETH and $SOL, as revealed in the latest CoinMetrics data. Meanwhile, the whale activity swimming around $SOL is sparking curiosity waves in the market! 🐋

🌱 Ecosystem and Technological Upgrades

Both Ethereum and Solana aren't just surviving; they’re thriving with their ecosystems! $SOL is surfing the sweet meme coin wave, while $ETH cozies up to institutional trust like it’s the last seat on the bus 🚍.

With all eyes on possible market shifts driven by tech innovations and price trends, data and history show us a buoyant future for both Ethereum and Solana's ecosystems. 🎉

Disclaimer: The content on The CCPress is for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

👉 Dive into the full article on The CCPress for even more insights!

#Ethereum #Solana #CryptoNews #InvestSmart #Blockchain #Cryptocurrency #Investing #MarketTrends #WhaleWatching

[gocnhindautu]

Rủi ro khi chính phủ Mỹ nắm giữ Bitcoin: Lợi bất cập hại?

(GNĐT) – Bitcoin (BTC) ngày càng khẳng định vai trò là một tài sản tài chính quan trọng trong nền kinh tế toàn cầu, và ý tưởng chính phủ Mỹ nắm giữ Bitcoin như một phần của quỹ dự trữ chiến lược đang thu hút sự chú ý. Trong khi nhiều người ủng hộ BTC hoan nghênh động thái này, nhà đồng sáng lập CoinMetrics, Nic Carter, đã chỉ ra 8 rủi ro lớn, cảnh báo rằng chính sách như vậy không chỉ gây bất lợi…

[dadudida]

A Primer on Blockchain Network Health

https://open.substack.com/pub/coinmetrics/p/state-of-the-network-issue-276?r=1fm6k5&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

[blockinsider]

Ethereum ETF Approval Looms as Staked ETH Hits Record Highs

Key Points

The spot Ethereum ETF approval in the US is anticipated within the next two weeks, leading to a surge in ETH accumulation.

The total amount of staked ETH in the market is currently at an all-time high.

The upcoming approval of the spot Ethereum ETF in the United States has led to a significant increase in ETH accumulation. Analysts expect the approval to take place within the next two weeks.

Investors are eagerly accumulating ETH to capitalize on the expected price rally following the approval. Current on-chain data reveals that the total amount of staked ETH in the market is at an all-time high, which is helping to regulate the circulating volume.

Staking and Ethereum Supply

Julio Moreno, head of research at CryptoQuant, noted that the quantity of staked ETH is nearing its all-time high, currently standing at 33.3 million ETH or 27.7% of the total supply.

The increasing supply of Ethereum suggests a return to its inflationary asset status, which could undermine its ability to serve as a store of value. Staking is one method to counteract this, as it locks ETH for a set period and removes it from circulation.

Moreno also mentioned that the supply of ETH is slowly growing again, marking the highest level since December 11, 2023.

Ethereum Liquidity and ETF Approval

Spot trading volume data indicates that Ether (ETH) could be nearly as liquid as Bitcoin (BTC), with ETH spot trading volume ranging between 80% and 90% of Bitcoin’s volume in recent weeks.

According to CoinMetrics, approximately 12% of Ether’s total supply is currently used in smart contracts or bridges connecting different blockchains. When including tokens that are staked, around 40% of Ether’s cryptocurrency supply is considered “locked” and not actively traded.

The current focus is on the approval of the spot Ethereum ETF. Similar to Bitcoin, the approval of the spot ETF for Ethereum could lead to an influx of fresh capital, potentially pushing Ethereum to new all-time highs of $5,000 and beyond. Analysts are already predicting billion-dollar inflows into Ethereum ETFs within a few months of the approval.

Justin Sun, founder of Tron, has also been accumulating Ethereum, acquiring more than $1.1 billion worth of ETH over the past few months.

[bitcoincables]

Bitcoin and Ethereum Resilient Against 51% Attacks: CoinMetrics Research

According to research from CoinMetrics, Bitcoin and Ethereum are now resilient to 51% attacks, which are attacks on a blockchain network. These attacks occur when a group of miners or malicious actors control more than half of the network's mining power or nodes, giving them control over the network. However, the researchers found that it is now too difficult and expensive to execute such attacks on these two largest blockchains.

The researchers quantified the Total Cost to Attack (TCA) of these blockchains and discovered that it would be more expensive to carry out a malicious attack than to participate in the network honestly. To attack Bitcoin, someone would need to buy 7 million ASIC miners, costing over $20 billion. Even if a nation-state attacker had the financial resources to manufacture their own ASICs, the cost would still be prohibitively high. The researchers estimated that attacking Ethereum would cost more than $34 billion. These high costs make it economically infeasible for attackers.

One potential concern was the threat from Liquid Staking Derivatives (LSDs) provided by staking services like Lido and RocketPool. However, the researchers clarified that attackers would not be able to use LSDs to gain access to block templates. Additionally, the researchers found that colluding nodes controlled by these staking services would not be able to disrupt the network's finality, as their combined control is still below the economic security threshold of 33%.

Read the original article

#Bitcoin #Ethereum #51PercentAttacks #BlockchainSecurity

[murraywallace]

Digifinex Labs: Surging Institutional Interest in Bitcoin Signals Robust Growth

In April, a senior analyst at Bloomberg outlined a potential path for Bitcoin’s price to reach $400,000 based on the growing adoption by institutional investors. Subsequent to this, a survey conducted by Binance Research in July revealed that over 60% of institutional investors expressed a bullish outlook for Bitcoin, the world’s leading digital asset.

The reality has aligned closely with these expectations. According to FalconX research utilizing CoinMetrics data, futures open interest in the cryptocurrency market has rebounded. In November, the combined open interest for Bitcoin and Ethereum surpassed $20 billion for the first time since the FTX collapse in 2022.

Meltem Demirors, CoinShares chief strategy officer, highlighted the sustained growth in institutional interest during a CNBC interview. She noted, “We have seen six weeks of consecutive inflows into Bitcoin,” indicating a consistent trend of institutional capital flowing into the cryptocurrency.

The convergence of positive sentiment, institutional adoption, and growing market metrics signals a robust period for Bitcoin, further solidifying its status as a favored asset among institutional investors.

Get your $550

Registering DigiFinex now grants you a newcomer’s package worth $550: Click to register

[ailtrahq]

Maker’s native token – MKR – suffered significant losses during the market crash triggered by TerraUST in May 2022. During that period, DAI stood out as one of the leading stablecoins utilizing an algorithmic mechanism, a feature it shared with the ill-fated UST stablecoin. Following the widespread bearish downturn, the MakerDAO team swiftly implemented measures to overhaul the collateral mechanism supporting the DAI stablecoin. The subsequent transition to a hybrid mechanism proved to be a major catalyst for the ecosystem which, in turn, catalyzed MKR’s price trajectory. Maker Surpasses Bitcoin and Ether in YTD Gains After experiencing a collective surge in the first quarter and a relatively calm second, this current one has seen a general downward trend in the crypto market. The total market capitalization is now approaching $1.09 trillion, which is down approximately 10% from its July 2023 peak of $1.2 trillion. Despite this overall decline, both Bitcoin and Ether have witnessed impressive year-to-date gains, with the former posting a 63% increase while the leading altcoin recorded a 40% surge. Several other assets have also demonstrated significant returns, largely driven by specific catalysts related to each. One noteworthy example, according to the latest CoinMetrics report, is MKR, which has rallied by an impressive 185% year-to-date (YTD). In fact, MKR surpassed the $1,500 mark on October 1st for the first time since May 2022. The report explained that the surge in MKR’s value can be attributed to the successful implementation of incentive schemes aimed at increasing the supply of Dai. This was achieved through an increase in the Dai Savings Rate and by capitalizing on the allocation of US T-Bills by the DAO. MKR’s Network Activity Soars In addition to MKR’s price action, the active addresses hit a 10-week high in tandem. Supporting the climb, more than 65 active addresses were added in ten days alone from September 17-27. Moreover, the transaction volume has also reached levels not seen since last May, which is essentially indicative of an increased user participation rate as the market improves.

[cointahmin]

Amerika Birleşik Devletleri Kongresi’nin iki üyesi, Hazine ve İç Gelir Servisi liderlerine, kripto sanayisi için vergi düzenlemelerinin uygulanmasını talep eden bir mektup kaleme aldı. ABD Temsilcileri Brad Sherman ve Stephen Lynch, Hazine Bakanı Janet Yellen ve IRS Komiseri Daniel Werfel’e hitaben yazdıkları mektupta, kriptodaki uyumluluk düzenlemeleriyle ilgili tasalarını lisana getirdiler. İkili, Eylül 2020’de Hazine Vergi Yönetimi Genel Müfettişi’nin (TIGTA) IRS’in raporlama eksikliği nedeniyle kripto yanlısı vergi mükelleflerini belirleyemediğine işaret ettiği bir kontrol raporunu vurguladı. Buna ek olarak, Kasım 2021’de Lider Joe Biden tarafından imzalanan Altyapı Yatırım ve İş Yasası, vergi mükelleflerinin 2023’ten itibaren kripto süreçlerini rapor etmelerini gerektiriyordu. Fakat, kongre üyeleri önerilen düzenlemelerin şimdi yayınlanmadığını söyledi. Milletvekilleri Önerilen Düzenlemelerin Yayınlanmasını İstediSherman ve Lynch, vergi açığını kapatmak ve kripto para ünitesi sanayisini tam vergi uyumluluğuna kavuşturmak için önerilen düzenlemelerin derhal yayınlanması davetinde bulundu. Mayıs ayında Biden idaresi, birinci olarak Mart 2023’te Biden’ın FY2024 bütçesinin bir modülü olarak açıklanan kripto para madencilerine yönelik yüzde 30 Dijital Varlık Madenciliği Gücü (DAME) vergisi için baskısını yeniledi. Lakin, önerilen kripto madenciliği vergisi, ABD borç tavanının yükseltilmesini ele alan Mayıs ayı mevzuatına girmedi. Kripto madenciliği üzerindeki yüzde 30’luk vergiyle ilgili kaygılar azalırken, kripto savunucuları bunun süreksiz bir düzenleme olduğuna inanıyor. CoinMetrics kurucu ortağı Nic Carter, idarenin gelecekte kimi torba kanunlara vergi uygulamasını tekrar deneyeceğine inanıyor. 

[arbitcoin]

$ 92.600K BTC مقابل 3500 دولار الذهب - أي الأصول تحمي ثروتك بشكل أفضل؟

نظرًا لأن الأسواق العالمية تبرز عن التضخم وعدم الاستقرار السياسي وإضعاف العملات فيات ، فإن المستثمرين يختارون بشكل متزايد بين الذهب وبيتكوين كمتاجر موثوقة ذات قيمة. إن نقاش Gold vs Bitcoin يسخن مرة أخرى ، حيث أظهر كل من الأصول القوة وسط عدم اليقين الاقتصادي الكلي. تتناقض الطبيعة الرقمية لـ Bitcoin ، والنمو المتفجر ، وارتفاع الاهتمام المؤسسي بشكل حاد مع سمعة Gold منذ آلاف السنين من أجل الاستقرار. ومع ذلك ، يخدم كلاهما أغراض تكميلية في المحافظ الحديثة. من خلال سياسات جديدة ، واستراتيجيات الاستثمار المتطورة ، والاقتصاد السريع للرقمنة ، يظهر السؤال الحقيقي: هل البيتكوين متجر أفضل من الذهب؟ بيتكوين تفوق الذهب عند العائدات ، ولكن بتكلفة عندما يتعلق الأمر بالعائدات الشديدة ، فإن Gold vs Bitcoin ليس منافسة كبيرة ؛ بيتكوين يفوز بسهولة. نظرًا لمحدودية العرض ، والطلب المت��ايد ، وإمكانية الوصول في جميع أنحاء العالم ، تجاوزت Bitcoin إلى حد كبير الذهب منذ عام 2011. ولكن هناك الكثير من التقلبات المرتبطة بالعودة. المستثمرون على المدى الطويل وعالي الخطورة مناسبون جيدًا لاستثمار البيتكوين. وفي الوقت نفسه ، لا يزال استثمار الذهب تحوطًا موثوقًا به ، بدعم من قرون من اعتماد البنك المركزي وثقة الجمهور. تشير التوقعات إلى أن أسعار الذهب الفورية سترتفع إلى 4000 دولار/أوقية بعد تجاوزها 3500 دولار في عام 2025. على الرغم من أن تدفقات ETF القياسية وزيادة القبول ساعدت في تجارة Bitcoin ما يقرب من 93،500 دولار ، إلا أن عدم اليقين الاقتصادي الكلي قد زاد من صعوده الأخير. الرسم البياني 1: الذهب/دولار أمريكي (دولار أمريكي) ، تم نشره على المملكة المتحدة للاستثمار ، 24 أبريل 2025. التقلب والارتباط والتنويع: ما تخبرنا به البيانات تقلبات Bitcoin تهدئة ، حيث انخفض إلى 46 ٪ في عام 2025 ، وهو أدنى مستوياته خلال عامين ، وفقًا لـ Coinmetrics و Bloomberg. على النقيض من ذلك ، فإن تقلب الذهب يزداد ، مما يشير إلى اهتمام المضاربة المتجددة. تُظهر بيانات الارتباط من NewHedge أن الذهب مقابل BTC له علاقة ضعيفة أو سلبية ، خاصة في الأسواق المضطربة. في حين أن الذهب يتفاعل مع المشاعر المخاطرة ، فإن استثمار Bitcoin يستجيب لتحولات السيولة ، مما يجعلها أصولًا تكميلية لتنويع المحافظ. الرسم البياني 2 - Bitcoin و Gold Link ، نشرت على NewHedge ، 14 أبريل 2025. الوجبات الجاهزة؟ يستخدم Bitcoin للتوسع ، في حين يتم استخدام الذهب للحماية. على الرغم من أنها مجتمعة ، يمكنهم إنتاج خطة استثمارية أكثر قوة وذات مدورة جيدة ، خاصة أثناء التفاوض على اضطراب الاقتصاد العالمي. وتظهر مسؤولياتهم المتباينة بشكل أكبر من خلال تحليل الارتباط. وفقًا لـ NewHedge ، يُظهر Gold vs Bitcoin ارتباطًا ضعيفًا أو سلبيًا ، خاصة خلال فترات الإجهاد في السوق. على سبيل المثال ، خلال عمليات السحب الرئيسية لـ Bitcoin في عامي 2018 و 2022 ، انخفض الارتباط بالذهب. يشير هذا إلى أن الذهب يتفاعل مع المخاطرة ، بينما تستجيب Bitcoin للسيولة. وبالتالي ، فإن الجمع بين كلا الأصول يمكن أن يحسن مرونة المحفظة. الاستراتيجية المؤسسية: التعرض المزدوج يأخذ زمام المبادرة نظرية الحافظة الحديثة تفضل التنويع. تختار الأموال الرائدة الآن استراتيجية التعرض المزدوج. يخصص SkyBridge Capital 85 ٪ للذهب والسندات ، و 15 ٪ لأسهم Bitcoin و Tech. زادت Ark Invest استثمارات Bitcoin إلى 12 ٪ مع الحفاظ على استثماراتها الذهب كتحوط الاقتصاد الكلي. مع أن الذهب الرقمي أصبح أكثر سائدة ، فإن إدراج Bitcoin في الاحتياطيات الوطنية ، مثل "احتياطي Bitcoin الاستراتيجي" لترامب ، يعزز جاذبيته. في معركة الذهب مقابل BTC ، لم تعد المؤسسات تختار واحدة ؛ يختارون كليهما. ما هو التالي: التخصيص ، وليس القضاء في عام 2025 وما بعده ، لن تكون لعبة Gold vs Bitcoin لعبة صفر. مع تطور السياسات النقدية وتبقى التضخم لزجة ، ستلعب كلا الأصول أدوارًا حاسمة. الذهب يوفر السلامة والتقاليد. يقدم Bitcoin النمو والابتكار. قد لا تسأل أذكى إستراتيجية ، "هل بيتكوين متجر أفضل من الذهب؟" ولكن بدلا من ذلك ، كم من كل ليحمل. يمكن أن يوفر التخصيص المتوازن كل من الحفاظ على الثروة وتوسيعها في هذا العصر المالي غير المؤكد.

[bitcoincables]

Blockchain Takeovers Unlikely Due to High Cost and Difficulty, Says Report

🔒 A new research report from on-chain crypto analytics firm CoinMetrics debunks fears of blockchain takeovers. The report argues that the need for more powerful mining rigs and the high cost of 51% attacks make such takeovers infeasible.

🔍 According to CoinMetrics researcher Lucas Nuzzi, a 51% attack on Bitcoin would require a massive 7 million mining rigs. Additionally, Ethereum's churn rate, which limits validators' turnover, would make takeover attempts last for six months.

💰 The research also suggests that governments would need to spend over $20 billion either to manufacture their own version of the reverse-engineered Antminer S9 Bitcoin mining machine or to buy those machines on the open market. Similarly, launching a 34% attack on Ethereum liquid staking protocols like Lido Finance and Rocket Pool would cost over $34 billion in ETH and require managing over 200 nodes.

⚠️ The report concludes that common crypto attack methods, including double spending attacks and selfish mining, would also be too expensive to be financially feasible. As the Bitcoin network prepares for a decline in hashrate due to the halving, the report argues that new, more powerful mining machines will make it increasingly difficult for governments to execute a 51% attack.

Read the original article #blockchain #cryptocurrency #bitcoin #ethereum

[ailtrahq]

Founder of market analysis, consulting and asset management firm Quantum Economics Mati Greenspan says farewell to the correlation between the performance of the largest cryptocurrency and top stocks of public companies."No longer a couple": Top analyst Greenspan on Bitcoin (BTC) and stocksBitcoin (BTC), the largest cryptocurrency asset by market capitalization, and SPX500, a market value-weighted index that tracks the prices of 500 large stocks traded on the U.S. market, stopped showing signs of notable correlation between each other. Prominent analyst and investor Mati Greenspan shared this take in social media today, Sept. 18, 2023.He illustrated this take with a chart from CoinMetrics, a major blockchain data research platform. It demonstrates that the correlation between the two values has been plummeting since early 2023.So far, it is the largest decline of this metric since the 2018-2019 bear market peak. The Bitcoin/SPX500 correlation printed an all-time high at 0.7 in Q1, 2022.In the early years of Bitcoin's (BTC) history, the correlation was mostly negative, as BTC was not mature enough. At the same time, during the 2020 crisis, the correlation started growing.At the same time, Bitcoin (BTC) is still correlated to Nikkei 225, a Japanese version of SPX500, as reported by U.Today previously.Bear market phenomena?Also, in June 2023, Bitcoin (BTC) lost its correlation with gold. The assets share a reputation as hedge instruments against increased market volatility.Greenspan avoided indicating the root causes of such an impressive "decoupling." However, he hinted that it might be associated with the painful phase of bearish recession for Bitcoin (BTC):Call it a bear market phenomena or whatever you want. Data from CoinMetrics shows that BTC and the SPX500 are no longer a couple. We wish them a happy break up!Also, analyst PlanB opined today that the market is in an accumulation phase, the last depressive one before the start of a new bullish rally. He expects it to come in 2024-2025, as U.Today covered earlier today. Source