On-chain Data

On-Chain Data refers to the information stored on a blockchain network, which encompasses various aspects of the cryptocurrency ecosystem. It includes data related to individuals involved in the crypto space, companies operating in the industry, protocols governing blockchain networks, and crypto exchanges facilitating the buying and selling of digital assets. This comprehensive dataset provides valuable insights into the activities and trends within the cryptocurrency market. For individuals, on-chain data allows for the analysis of their transactions, addresses, and holdings, providing transparency and accountability. Companies can utilize this data to assess market demand, track supply chains, and enhance operational efficiency. Protocols, on the other hand, rely on on-chain data to validate and record transactions, ensuring the integrity and security of the blockchain network. Crypto exchanges heavily rely on on-chain data to facilitate trading, verify transactions, and maintain accurate records of digital asset ownership. This information is crucial for investors and traders to make informed decisions and understand market dynamics.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person


Markets

Binance's BUSD Stablecoin Suffers $500M Outflows After CFTC Lawsuit

Some analysts say the exchange's recent move to include other stablecoins in its zero-fee trading program could have contributed to lessening dependence on BUSD.

(Nikhilesh De/CoinDesk)

Tech

Hacker Behind $200M Euler Attack Apologizes, Returns Millions in Ether, Dai to Protocol

The attacker sent over 7,000 ether to Euler on Tuesday and seemingly apologized for their actions in a transaction message.

(Azamat E/Unsplash)

Finance

Binance Depositors Flee Following CFTC Charges, On-Chain Data Shows

Crypto users have withdrawn roughly $400 million on Ethereum from Binance in the past 24 hours, while Paxos, issuer of the Binance USD, has burned more than $155 million BUSD in the past four hours.

(Danny Nelson/CoinDesk)

Finance

FTX Bankruptcy Estate Consolidates Arbitrum Airdrop Tokens Into Single Wallet

The estate now holds 33,125 ARB tokens worth around $42,000.

FTX bankruptcy estate consolidates ARB airdrop (Christine Roy/Unplash)

Tech

Crypto Lender Kokomo's Developers Used Wrapped Bitcoin for $4M ‘Exit Scam,’ Security Firm Says

Kokomo's tokens fell 97%, and the project deleted its presence on social media.

Computer Hacking Hackers (Shutterstock)

Tech

Euler Finance Hacker Sends 51,000 Stolen Ether Back to Protocol

EUL tokens jumped 47% on the transfer of tokens.

(Azamat E/Unsplash)

Markets

Arbitrum Tokens Rack Up $2B in Trading Volume, Analysts Point to Growth Ahead

Integration into Arbitrum’s wider DeFi system could provide some new impetus for bullish sentiment for ARB tokens, one exchange executive said.

(Shutterstock)

Markets

Arbitrum, Ether Liquidity Providers Earn $500K From ARB Airdrop

Yields on liquidity pools are paying out as much as 800% annualized as users rush to claim ARB tokens.

(Mufid Majnun/Unsplash)

Finance

After Frenzied Arbitrum Airdrop Day, 37% of Eligible Wallets Still Haven’t Claimed Their ARB

Nearly 240,000 addresses still need to claim their governance tokens worth roughly $596 million.

Arbitrum booth at ETHDenver (Danny Nelson/CoinDesk)

Finance

GoldenTree Moves $5M of SUSHI, Sparking Fear It’s Exiting

Much of the asset manager’s Sushi trove was deposited at Binance in the last 24 hours.

(DALL-E/CoinDesk)