Ether
The Kansas City Federal Reserve's annual Jackson Hole Symposium is underway, and Powell will deliver his keynote address Friday morning.
Don't ready too much into the move, said one observer, calling it a typical position reset.
The total value locked in DeFi protocols has slumped to the lowest level since February 2021 even as ETH, which underpins the market, has soared this year.
Future cap increases will need to be approved by EigenLayer's multisignatory governance system.
Wednesday’s Federal Reserve likely decision to raise the interest rate 25 basis points appears to be priced into crypto markets
PLUS: BTC's positive vibes may be waning as outflows from BTC investment products rose for the first time in weeks. But mining is in a better state than it was a year ago.
The U.S. central bank has been telegraphing its intent to renew rate hikes for weeks. ThePersonal Consumption Expenditures report arrives Friday, but cryptos and other risk-on assets have been largely immune to macro events.
The CEO of the Dubai-based exchange sees jurisdictions competing for crypto business in a post-FTX world. PLUS: Bitcoin holds near $30,000 amid investor cautiousness.
BTC could suffer its second monthly downturn of 2023, while ether seems headed for its first losing month.
The decline reflects an asset that has been stuck in a tight trading range. PLUS: Bitcoin plods below $30K amid another sluggish day for cryptos in which LINK was a rare bright spot.
- 03:33General Pullback in Crypto Market, Layer2 and PayFi Drop Over 2%, AI Sector Rises Against the TrendMay 6 news, according to SoSoValue data, the overall cryptocurrency market has pulled back, with the Layer2 and PayFi sectors down 2.05% and 2.30% respectively over 24 hours. Among them:- In the PayFi sector, XRP, LTC, and XLM fell by 2.78%, 4.50%, and 4.54% respectively, while SAFE rose against the trend by 13.78%;- In the Layer2 sector, POL and OP fell by 4.79% and 6.80% respectively, while MOVE rose by 4.19% during the session;- The AI sector rose against the trend by 0.96%, with TAO and AKT rising by 5.87% and 5.25% respectively.
- 03:32Ripple Releases Q1 2025 XRP Market ReportAccording to a report by Jinse Finance, Ripple's Q1 2025 XRP market report shows that the total amount of XRP held by Ripple at the end of the first quarter (March 31) was 4.56243 billion, an increase of 1.7% compared to the end of Q4 2024 (December 31). Meanwhile, the total amount of XRP in escrow (to be released monthly over the next 42 months) at the end of the first quarter (March 31) was 37.13 billion, a decrease of 2.57% compared to the end of Q4 2024 (December 31).
- 03:32A dormant whale withdraws 1,700 ETH from CEX after 6 months, with an overall unrealized loss of $3.58 millionBlockBeats news, on May 6, according to Onchain Lens monitoring, after 6 months of dormancy, a whale withdrew 1,700 ETH ($3.1 million) and 2.98 million USDT from a CEX. Currently, the whale holds 5,001 ETH, valued at $9 million, facing a loss of $3.58 million.