Bitcoin Reaches $110K Amid Declining On-Chain Activity, Indicating Shift Toward Centralized Platforms and Passive Holding

Bitcoin’s ongoing price surge to $110,000 signals shifting user behaviors, as on-chain activities drop amidst rising centralization. The stark contrast between Bitcoin’s high price and its diminishing on-chain activity indicates a pivotal transformation in user engagement. According to data from COINOTAG, while Bitcoin reaches record prices, its transaction volumes highlight a growing trend toward centralized … Read more

Why is Meta stock down today?

Meta’s stock fell 1.49% to $627.06 following broader market turbulence sparked by U.S. President Donald Trump’s unexpected proposal of a 50% tariff on the European Union.  While markets remain skeptical about the tariff actually being implemented on June 1, the uncertainty was enough to send the S&P 500 into its fourth consecutive daily loss. The … Read more

$3.3 billion in tokens will be unlocked in June

Digital assets worth $3.3 billion are set to enter circulation in June as vesting periods for several major projects expire. According to crypto vesting tracker Tokenomist, $3.3 billion in tokens will be released in June, a 32% decline in unlocked tokens month-on-month. In May, such tokens totaled $4.9 billion.   Crypto projects allocate tokens for various … Read more

Increased Bandwidth, Reduced Latency: Solana Proposes New Consensus Protocol

Solana, a top-10 cryptocurrency project, has announced a change to its consensus protocol to turbocharge the network’s performance. Alpenglow, the new implementation, reduces latency to near Web2 levels, making Solana capable of competing with Web2 providers. Solana Aims to Compete With Web2 Providers With New Alpenglow Consensus Protocol Solana, one of the largest, most used … Read more

Ethereum Traders Secure $1.1 Million Profit Before New $38.57 Million Long Position

COINOTAG reported on May 26th that recent transactions involving Ethereum (ETH) have drawn significant attention. According to LookIntoChain monitoring data, prominent investors, often referred to as Smart Money, who initially entered a long position on ETH just three days ago, realized impressive gains of $1.1 million. In a notable move, they have reaffirmed their confidence … Read more

Amazon eyes India for Kuiper satellite Internet

Homepage > News > Business > Amazon eyes India for Kuiper satellite Internet Jeff Bezos-led Amazon (NASDAQ: AMZN) is gearing up to introduce its ambitious satellite Internet initiative, Project Kuiper, to the Indian market. The company is expected to receive a Letter of Intent (LoI) from the Department of Telecommunications (DoT) in the near future—a … Read more