Token burning only raises prices when demand, utility and transparency align. Here’s when supply cuts work, and why SHIB and BNB tell different stories. Token burns are a key part of many projects’ tokenomics. They permanently remove coins from circulation, but supply cuts alone don’t guarantee price gains. Burns work best when supported by strong fundamentals, meaningful burn volume and rising demand. Market trends, investor sentiment and burn transparency all shape price impact. Read more
MEV isn’t inevitable. It’s engineered exploitation masquerading as necessity. Blockchain’s future depends on eliminating this hidden tax on users. Opinion by: Da Hongfei, founder of Neo Decentralized, permissionless and transparent. These are the principles that attracted many of us to the blockchain ecosystem. This vision is still being undermined, however, by an insidious, often invisible force: maximal extractable value (MEV). MEV isn’t inevitable; it’s a choice. Too many treat it as an unavoidable byproduct of blockchains. It is not. MEV is engineered into incentives, and it can be engineered out. Left unchecked, it becomes a hidden tax, a form of censorship, and a direct assault on fairness and decentralization. Read more
The loan came shortly after Metaplanet launched a $500 million Bitcoin-backed share buyback program, after its market-based net asset value fell below 1.0. Tokyo-listed Bitcoin treasury company Metaplanet secured a $100 million Bitcoin-backed loan to purchase additional BTC and repurchase its shares. According to a Tuesday filing, the funds were borrowed on Oct. 31 under a credit agreement that allows the company to secure short-term financing using its Bitcoin (BTC) holdings as collateral. The lender’s identity was not disclosed, but the company said the loan carries a benchmark US dollar rate plus a spread and can be repaid at any time. Metaplanet said that the loan structure is conservative, noting it holds 30,823 BTC, worth around $3.5 billion as of the end of October, a position large enough to maintain healthy collateral coverage even if Bitcoin’s price declines. Read more
After dropping under its 365-day moving average price, Bitcoin faces uncertainty as analysts weigh whether it signals a looming bear market or a brief pullback. Bitcoin fell below $99,000 on Tuesday, breaching a key macro indicator and reigniting debate over the market’s state. Bitcoin (BTC) dipped below the 365-day moving average, according to Julio Moreno, head of research at the data analytics platform CryptoQuant. “It was the final confirmation to the start of the 2022 bear market,” Moreno wrote in a post on X, adding: “The price needs to cross back above it quickly.” Read more
Bitcoin accumulators bought 375,000 BTC in just 30 days, with the dip below $100,000 boosting their holdings by 50,000 BTC on Tuesday, new data confirmed. Key points: Bitcoin accumulator addresses grab 375,000 BTC in a month in a new record. Accumulators added 50,000 BTC as price slipped under $100,000 for the first time in months. Read more
Bitcoin traded 20% below its all-time high of $126,000 as key onchain and technical indicators suggest that BTC has entered a new bear market. Key takeaways Bitcoin onchain data reveals that the market could be entering a macro downtrend. The psychological level at $100,000 remains the main BTC support for now. Read more
CoinGecko data shows the NFT market value has nearly halved in a month, with even top collections like BAYC and CryptoPunks losing ground. The non-fungible token (NFT) market has lost nearly half its value in the past 30 days, even as trading activity picked up in October. CoinGecko data shows that the global NFT market capitalization plunged from about $6.6 billion on Oct. 5 to $3.5 billion on Wednesday, a 45% drop in just 30 days. The slump comes despite a sales count increase in October that briefly lifted blue-chip floor prices. CryptoSlam data shows NFTs recorded a sales count of around $631 million in October, a 13% increase from September’s $556 million. Bitcoin and Base NFTs demonstrated resilience over the last 30 days, with increases of 9% and 24%, respectively. Read more
Former BitMEX CEO Arthur Hayes said increasing US debt will force the Federal Reserve into “stealth QE,” injecting liquidity that could reignite Bitcoin’s next rally. Bitcoin’s recent dip below $100,000, its lowest level since June, has sparked concerns among crypto investors. Still, two well-known market figures offer an optimistic view of where Bitcoin may be headed. Bitwise chief investment officer Matt Hougan said the latest downturn reflects peak retail capitulation rather than the start of a deeper collapse. “Crypto retail is in max desperation,” he told CNBC’s Crypto World on Tuesday. “We’ve seen leverage blowouts... the market for sort of crypto native retail is just more depressed than I’ve ever seen it.” Hougan said there are more and more signs that the sell-off is nearing exhaustion. “When I go out and speak to institutions or financial advisers, they’re still excited to allocate to an asset class that if you pan back and look over the course of a year, is still delivering very strong returns,” he...