Blockchain technology and cryptocurrencies have become ubiquitous in the financial world, with Cardano and Tradecurve offering unique narratives. Cardano (ADA) has achieved a significant milestone by surpassing 500 million ADA in Total Value Locked (TVL), indicating its growing adoption and influence in the crypto world. Additionally, the price of $SNEK, a memecoin rooted in the Cardano ecosystem, has surged by over 200% in the past week, largely attributed to rising transaction volume on Cardano.
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Cardano Reaches New Milestone with TVL Surpassing 500 Million
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The Hashgraph Association and QFC launch $50 million digital asset venture studio in Qatar
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In the past 24 hours, the entire network has liquidated $159 million, and short positions have liquidated $114 million
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Bitget Wallet launches $10 million ecosystem fund and plans to issue BWB tokens this quarter
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Kaiko data: Bitcoin miners’ income has dropped sharply, and they may sell BTC to maintain operations
The latest data from cryptocurrency research and analysis company Kaiko shows that miners are facing huge selling pressure as Bitcoin mining revenue and transaction fees decline. Bitcoin miners' income mainly comes from two aspects: mining rewards and transaction fees. However, affected by the halving of Bitcoin rewards in April (block rewards dropped from 6.25 BTC to 3.125 BTC), miners have to sell Bitcoin to pay for costs. Kaiko researchers pointed out in the report that the halving event usually prompts miners to sell BTC because the mining process requires a lot of expenses. -
Brazil's trading volume reaches $6 billion in 4 months
According to Kaiko Research, the correlation between Bitcoin (BTC) and stocks is increasing. After reaching a multi-year low of 0.01 in March, the 90-day correlation rose to 0.17 last week. Based on the company's research report on May 13th, the 90-day correlation between Bitcoin and stocks rose to 0.17 in the week of May 5th, higher than the multi-year low of 0.01 in March. The correlation between BTC and risk assets is lower than the high of 0.6 during the bull market. -
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