Contents hide5. Ethereum Transaction Fee Revenue at Lowest Level in a Year
Canadian Regulator Adds By bit to Crypto Exchange Crackdown
By bit, one of the world’s top five crypto exchanges with $53 billion in trading volume in the last week, is in hot water with Canadian regulators—along with other prominent crypto trading platforms. It’s now added By bit to its investor warning list and set a hearing date of July 15.
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Stablecoin inflows to exchanges dip as traders watch Bitcoin from the sidelines
Stablecoin inflows to exchanges tapered off as investors turned bearish on Bitcoin, but a surge in USDC minting could be a signal of upcoming regulation. Monitoring the Tether (USDT) treasury for large issuances was a common tactic used by analysts and traders to position themselves for a possible pump in the price of Bitcoin (BTC) and altcoins and previously this has been a good source of alpha for those willing to take a risk.
Classic bearish chart pattern forms for Bitcoin as BTC price tumbles to $32K
Bitcoin flashes a classic bearish technical pattern that could crash BTC prices to below $20,000. Bitcoin (BTC) bulls should look for a cover, at least as far as chart technicals are concerned. The flagship cryptocurrency continued its price declines into the new weekly session, hitting $32,105 ahead of the London opening bell following an approximately 10% intraday drop.
Ethereum Transaction Fee Revenue at Lowest Level in a Year
Transaction fees and miner revenue increased with the onset of “DeFi Summer.”
As network congestion has eased, transaction fees have declined. Perhaps Yogi Berra was thinking ahead to Ethereum when he said, “Nobody goes there anymore—it’s too crowded.” Miner revenue from transaction fees has dropped over 85% from 15,000 ETH per day a little over a month ago, according to a new report from Glass node.
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