What’s behind Synthetix (SNX) unusually strong summer?

The Synthetix protocol, which was launched in September 2017, allows users to mint and trade derivative tokens called Synths. Recent integrations and upcoming releases have significantly strengthened Synthetix protocol’s position: Recent integration with 1inch is driving up the utilization of the protocol on ETH mainnet Several protocols integrated with Synthetix on Optimism, a L2 solution … Read more

Research: Miner data shows Bitcoin could have bottomed

Catching the coveted Bitcoin bottom requires analyzing more than just its price. One of the most reliable indicators of market bottoms has historically been miner data. Often considered to be one of the most resilient players in the crypto ecosystem, miners capitulate only when Bitcoin becomes too expensive to mine. Hash ribbons are a unique … Read more

Bitcoin’s rising illiquid supply can spur more price volatility, data suggests

There’s no denying that the last seven odd months have been extremely bearish for the crypto market, with Bitcoin, the world’s largest cryptocurrency by total market capitalization, only witnessing year-to-date (YTD) monetary inflows worth just $14 million. Furthermore, the flagship crypto’s illiquid supply ratio — i.e., the number of Bitcoin being moved out of exchanges … Read more