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Demand for Crypto Remains Low Amid Rising Credit Card Default Rates
Demand for Crypto Remains Low Amid Rising Credit Card Default Rates
U.S. citizens continue to fall behind on their credit card and consumer loans. The mounting pile of debt and loans could imply low demand and interest in investing in risk-on assets like cryptocurrencies. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Demand for Crypto Remains Low Amid Rising Credit Card Default Rates

Curve Founder Michael Egorov Deposits $35M CRV to Settle Debt on Aave
Curve Founder Michael Egorov Deposits $35M CRV to Settle Debt on Aave
Curve founder Michael Egorov has deposited 68 million CRV tokens worth $35 million to settle his entire debt position on DeFi lending platform Aave, according to blockchain analytics firm Lookonchain. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Curve Founder Michael Egorov Deposits $35M CRV to Settle Debt on Aave

Technical Analysis Indicator Flashes Bullish Signal for Ether
Technical Analysis Indicator Flashes Bullish Signal for Ether
Ether's (ETH) immediate prospects look positive as a technical analysis indicator, known to mark turning points in the market, is flashing a bullish signal. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Technical Analysis Indicator Flashes Bullish Signal for Ether

Crypto Traders Brace for Nearly $5B Bitcoin and Ether Options Expiry
Crypto Traders Brace for Nearly $5B Bitcoin and Ether Options Expiry
On Friday, a total of 1.217 million bitcoin and ether options contracts with a notional value of $4.8 billion will expire on leading crypto options exchange Deribit. Traders expect prices to remain stable ahead of the expiry. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Crypto Traders Brace for Nearly $5B Bitcoin and Ether Options Expiry

95% of NFTs May Now Be Worthless, Report Suggests
95% of NFTs May Now Be Worthless, Report Suggests
Most non fungible tokens NF Ts may now be worthless less than two years after crypto's most recent bull run a report by dapp Gambl suggests The recent study is based on data provided by NFT Scan and Coin Market Cap and examined more than 73 000 NFT collections found that over 95 of them [...]
95% of NFTs May Now Be Worthless, Report Suggests

NFT Platform ImmutableX's IMX Token Surges This Week, Upbit Leads Volume Growth
NFT Platform ImmutableX's IMX Token Surges This Week, Upbit Leads Volume Growth
IMX, the native token of NFT platform ImmutableX, surged on Thursday to as high as 74 cents, before retreating. The IMX-Korean won (IMX/KRW) pair listed on South Korea's Upbit exchange accounted for nearly 20% of the global activity. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
NFT Platform ImmutableX's IMX Token Surges This Week, Upbit Leads Volume Growth

Ether-to-Bitcoin Ratio Touches 14-Month Low as Vitalik Buterin, Whales Send $60M Worth of ETH to Exchanges
Ether-to-Bitcoin Ratio Touches 14-Month Low as Vitalik Buterin, Whales Send $60M Worth of ETH to Exchanges
Earlier this week the ether to bitcoin ratio dropped to a 14 month low as large token holders including Ethereum co founder Vitalik Buterin moved coins to crypto exchanges possibly as a prelude to selling ETH BTC dipped to near 0 0602 on Tuesday according to Trading View data Coin Desk's Jennifer Sanasie presents The [...]
Ether-to-Bitcoin Ratio Touches 14-Month Low as Vitalik Buterin, Whales Send $60M Worth of ETH to Exchanges

Bitcoin Investor Sentiment Shifting Towards the Negative: Glassnode
Bitcoin Investor Sentiment Shifting Towards the Negative: Glassnode
Nearly all short-term bitcoin holders are now underwater on their position, with investor confidence leaning towards the negative, according to Glassnode data. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Bitcoin Investor Sentiment Shifting Towards the Negative: Glassnode

Binance.US Weekly Trading Volume Declines Amid Growing Regulatory Pressure
Binance.US Weekly Trading Volume Declines Amid Growing Regulatory Pressure
The weekly trading volume of Binance.US, the American wing of the world's largest cryptocurrency exchange, has fallen from a yearly high of nearly $5 billion to just $40 million, according to Kaiko data. This comes as global regulators scrutinize Binance and other centralized exchanges. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Binance.US Weekly Trading Volume Declines Amid Growing Regulatory Pressure

Bitcoin Bounce Puts Altcoin Bears at Risk
Bitcoin Bounce Puts Altcoin Bears at Risk
Bitcoin (BTC)'s bounce above $27,000 amid fears of FTX creditor liquidation might shake out altcoin bears, leading to a sharp rally in recently shorted tokens like solana (SOL). CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Bitcoin Bounce Puts Altcoin Bears at Risk