DeFi News Daily Official TheBitTimes.com

XRP experienced a resurgence in whale transactions exceeding $1 million. Wallets containing 10 million XRP now hold 67.2% of supply, the highest since 2022. Santiment didn’t observe panic actions originating from XRP whales, another bullish signal. Market intelligence platform Santiment has spotted a potential bullish signal for XRP as new key indicators align, suggesting XRP exhibits a promising potential for a rebound. Santiment called attention to the bullish sign in a recent update regarding XRP on X. After an #altcoin slide Wednesday, #XRPLedger is at risk of falling below a $0.50 market value for the first time since October 19th. Interestingly, however, yesterday had the most $XRP $1M+ whale transactions on the network (217) since prices skyrocketed after a (Cont) pic.twitter.com/1xa0PHCzcb — Santiment (@santimentfeed) January 31, 2024 The platform provided comprehensive insights into the current dynamics of the XRP market, utilizing on-ch...

Spot Bitcoin ETFs amassed $4.6 billion in trading volume on its first day of trading. 700,000 spot Bitcoin ETF transactions were recorded, which is twice the number of trades of Invesco (QQQ ETF). The significant number of trades in spot Bitcoin ETFs on the first day of trading indicates a robust retail presence. In a historic first, U.S. exchanges witnessed a trading frenzy as the first-ever spot Bitcoin ETFs began trading. Over $4.6 billion in trading volume, representing over 700,000 individual trans action s, swept across the market, marking a watershed moment for both the crypto and traditional financial worlds. Among the 11 ETF issuers, Grayscale’s dominance was undeniable. Its converted GBTC fund single-handedly accounted for over $2.3 billion in trade volume. It’s worth noting that the conversion of GBTC into an ETF was a pivotal moment in the approval process of the first spot Bitcoin ETF in the US, following a court ruling that questioned the S...

To check an Ethereum transaction, use a blockchain explorer and enter the transaction hash to view details such as sender/receiver addresses and gas fees. A transaction on the Ethereum blockchain is technically initiated by an external account owner (not a contract). For example, if User A sends 1 Ether (ETH) to User B, the action of debiting from one account and crediting to another changes the blockchain’s state. The change specifically takes place on the Ethereum Virtual Machine (EVM). Ethereum transactions need to be broadcast to the entire network, and any node can broadcast a request for the execution of a transaction on the EVM. After broadcasting the request, a validator can then execute the transaction and propagate the state change to the whole network. Transaction fees are incurred during the process of validation, and each transaction must be included in a validated block. There are different types of transactions on the Ethereum network: Regular transactions: transactions...