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The Sandbox Wants to Make India Its Largest Market Within the Next Two Years
The Sandbox's SAND token has risen about 40% in the past month, as CoinDesk reports the metaverse platform is planning to make India its largest market within the next 2 years after entering the nation earlier this year through a joint venture with a local entity. CoinDesk's Amitoj Singh presents "The Chart of the Day."
Why Solana's SOL Is on a Tear in 2023
Kaiko data shows that for the first time since 2021, the SOL to ETH price ratio saw a major turnaround, as the Solana network recovers following FTX's implosion. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
HODLing Stays in Vogue for Bitcoin Investors: Glassnode
As the year wraps up, HODLing seems to be the preferred dynamic among bitcoin investors, according to Glassnode. Data shows that more than 70% of the circulating bitcoin supply has been inactive for over a year. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Bitcoin's 60-Day Correlation with the Nasdaq 100 Turns Negative: Kaiko Data
Bitcoin's (BTC) 60-day correlation with the Nasdaq 100 turned negative in December according to data from Kaiko. This is the first time the correlation dropped below 0% this year. What does the correlation mean for the crypto market's next moves? CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Bitcoin Is on Track to End the Week 14% Higher
Bitcoin (BTC) is on pace to end the week roughly 14% higher, despite dipping earlier Friday morning after the November U.S. jobs report. The U.S. economy saw stronger-than-expected job growth of 199,000 last month. The unemployment rate also beat expectations, dipping to 3.7%. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Dogecoin Rises Over 15% This Week as Bitcoin's Rally Revives Risk-Taking
Bitcoin's (BTC) recent rapid rally has revived risk-taking in the crypto market, spurring investors to pour money into non-serious cryptocurrencies like dogecoin (DOGE), which was created as a joke 10 years ago. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
DeFi Market Rebounds to $50B as Speculators Hunt for Yield
The total amount of capital locked or staked across all DeFi protocols reached $50 billion on Tuesday for the first time in six months, as the value of underlying assets surged and investors sought to secure a yield on their crypto holdings. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Why Terra's USTC, LUNC Are Skyrocketing This Week
TerraClassicUSD (USTC) and its sister token Terra luna classic (LUNC) – remnants of the blown-up Terra blockchain – skyrocketed this week, fueled by a new Binance perpetuals contract listing and the emergence of a bitcoin-focused revamp and airdrop plan. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
NFT Platform Blur's Token Jumps Amid Binance Listing and Blast Optimism
BLUR, the native token of NFT platform Blur, surged to a high of 22% last Friday after being listed on Binance's convert feature, which allows Binance customers to buy and sell assets without going through a traditional order book. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
A Closer Look at Crypto Lobbying in the U.S.
A recent CoinGecko report has found that the crypto industry has spent $20 million on crypto lobbying in 2023 so far, versus $22 million last year, for a total of just over $56.3 million since 2019. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."