Category: data

Grayscale Bitcoin Trust hits record discount of over 20%

Grayscale Bitcoin Trust hits record discount of over 20%

The Grayscale Bitcoin Trust (GBTC) product, which has been consistently trading at a discount for almost three months, hit a new record low on Tuesday. GBTC’s discount hit -20.48% — its lowest point in history, according to data compiled by The Block. The discount means the market price of GBTC shares is over 20% lower […]

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Crypto exchange Web traffic hit 530 million visitors in April

Data drawn from SimilarWeb shows that the world’s top cryptocurrency exchanges drew in 530 million visitors during the month of April. Per the data, the 531.12 million figure represents the second-highest monthly result, coming in just below January 2018’s 531.7 million.  Breaking the results down by individual market share, Binance increased its share of the […]

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Crypto Analytics Firm Coin Metrics Raises $15 Million, Goldman Sachs Leads Funding Round

On May 5, the cryptocurrency data and analytics provider Coin Metrics announced the firm has raised $15 million in Series B financing round. The funding was led by Goldman Sachs and a number of other venture firms, as digital currency data has become a hot commodity in recent times. Digital Currency Data and Analytics Firm […]

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Democratizing Defi Data- Dechart DAO Launches Version 1.0 Trading Platform

On May 6, 2021, the total locked value (TVL) held by decentralized finance (defi) is more than $77 billion. Much of this money is used by decentralized exchange (dex) platforms and liquidity pools. With dex platforms capturing over $2 billion in trade volume daily and $18 billion during the last seven days, a project called […]

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Goldman Sachs leads $15 million Series B funding round for Coin Metrics

Crypto data firm Coin Metrics has raised $15 million in a Series B funding round led by Wall Street megabank Goldman Sachs. In addition to Goldman, the investment round also drew support from Acrew Ventures, BlockFi, Morningside Group and Warburg Serres Investments. Coin Metrics said in a press statement that existing investors Castle Island Ventures, […]

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S&P’s new bitcoin, ether indexes could help banks move into the crypto market

S&P Dow Jones Indices, the firm behind the ubiquitous S&P 500, announced Tuesday the launch of three new crypto indexes. The launches lay the foundation of a business that can touch a wide range of financial services companies, according to S&P DJI global head of innovation Peter Roffman. The firm, formed by S&P Global in […]

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Fidelity Investments Launches Crypto Analytics Platform Sherlock for Institutional Investors

The American multinational financial services corporation based in Boston, Massachusetts, Fidelity Investments has announced the introduction of a new comprehensive data and deep analytics solution for digital assets. The new product is called Sherlock and it’s meant for institutional clients so they can streamline “fundamental and technical data” tied to cryptocurrencies. Fidelity Investments Introduces Crypto […]

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Top DeFi protocols generated $252 million in revenue for token holders and users in April

$252 million — that’s how much revenue the decentralized finance (DeFi) ecosystem’s top protocols generated during the month of April, according to The Block’s Data Dashboard. Of that amount, DEX protocol Uniswap generated $113.66 million. The revenue generated by DeFi protocols covers what is earned by both token holders as well as users of the […]

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Spot trading volumes on legitimate crypto exchanges hit $1.58 trillion in April

Data collected by The Block Research shows that spot trading volumes on legitimate exchanges hit a new all-time high for April. As noted by The Block’s Lars Hoffmann, the exchanges listed below saw a collective $1.58 trillion in spot trade volume last month. The $1.58 trillion figure represents a 49% increase compared to March’s $1.06 […]

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