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In January, analysts recorded a record trading volume in the blockchain of the first cryptocurrency; the figure amounted to $1.21 trillion. The last time trading volume on the Bitcoin network rose above $1 trillion was only in September 2022, according to The Block. At that time, Bitcoin (BTC) was trading at around $20,000. Source: The Block According to CoinMarketCap, the first cryptocurrency is trading at $43,089 at the time of writing. Over the past 24 hours, the asset’s price has strengthened by 0.6%. The highest level over the past 24 hours was $43,147 and the lowest was $42,283. Bitcoin’s market capitalization is now $845 billion, with daily trading volume exceeding $15.6 billion. Source: CoinMarketCap The sharp increase in BTC trading volume s was accompanied by the approval of spot Bitcoin ETFs on Jan. 10 by the Securities and Exchange Commission (SEC). On the first day, the volume of exchange trading in new investment instruments exceeded $4.5 billio...

As per SlowMist’s latest research report, Ethereum experienced the highest losses, amounting to $487 million, followed by Polygon. According to the SlowMist report, a total of 464 security incidents resulted in losses totaling almost $2.5 billion in 2023. The figure marks a 34.2% decrease in losses compared to 2022, which saw slightly over 300 incidents that totalled $3.8 billion. Analyzing the project types, decentralized finance (DeFi) emerged as the most frequently targeted sector, experiencing over 280 security incidents in 2023, losses that constituted 60.7% of the total incidents. Distribution and losses of security incidents in 2023 | Source: SlowMist You might also like: Major crypto hacks of 2023: how industry lost over $1b within minutes The financial toll from these incidents amounted to $773 million, representing a significant 62.7% decrease in losses year-over-year compared to 2022, which had 183 incidents with losses of around $2 billion, SlowMis...

Analysts at market intelligence platform Santiment suggest that the Ether market may experience increased volatility, potentially leading to a recovery. Through an examination of Ethereum's (ETH) on-chain activity, market intelligence platform Santiment has published a report indicating that the count of daily active Ether addresses experienced a notable increase, reaching around 1,089,893 on Sept. 13. This recent upsurge represents the second -highest number of daily active addresses ever recorded in Ethereum's history . The highest count was registered on Dec. 9, 2022, aligning with Ether's reevaluation following its losses from the post-2021 bear market. As a result, analysts at Santiment suggest that the Ether market may experience increased volatility, potentially leading to a recovery. Additionally, this uptick in on-chain activity indicates a growing demand for the underlying asset. The #Ethereum network just saw 1,089,893 unique wallets acting as a sender or...