Kaiko

The post Meme Coin Liquidity EXPLOSION: Kaiko Reports $128M Surge! appeared first on Coinpedia Fintech News Trading meme coins has never been easier, thanks to liquidity levels hitting unprecedented highs. Paris-based data firm Kaiko reports that popular meme coins like DOGE, SHIB, and PEPE now have a combined liquidity of $128 million. Buckle up, because this liquidity surge is shaking things up in a big way. Read on to find out how this could impact your next meme coin move.…

According to data from Kaiko, a bullish bias persists for Bitcoin options despite the recent market volatility. Last week, Bitcoin experienced volatility, briefly dipping below the $57,000 mark before experiencing a weekend rebound fueled by easing concerns over Fed interest rates. Bullish Shift in the Bitcoin Options Market The decline in Bitcoin’s price last week proved advantageous for put options set to expire at the end of May. Put options within the $57,000 to $60,000 range briefly entered the money,…

Binance’s dominance in Bitcoin trading outside the U.S. is dwindling as offshore exchanges expand their reach and regulatory landscapes evolve, reshaping the competitive dynamics of the digital asset industry. According to data from Kaiko, Binance, once dominating Bitcoin trading markets outside the U.S., has witnessed a decline in its share of BTC trading over the past year, dropping from 81.3% to 55.3%. Binance Loses Global Market Share Similarly, Binance’s proportion fell from 58% to 50.5% for smaller tokens and altcoins.…

Following Bitcoin’s recent halving event, market analysts are closely eyeing the role of liquidity in shaping the cryptocurrency’s trajectory over the coming months. According to insights from Kaiko, the strengthening liquidity could support a sustained rise in bitcoin’s price. Bitcoin’s Liquidity Rebounds Liquidity refers to the ease with which an asset can be bought or sold without significantly impacting its price. Recent data suggests that BTC’s liquidity has been steadily improving since the lows witnessed in the aftermath of the FTX…

While bitcoin’s performance over the last couple of years has been nothing short of spectacular, the latest analysis suggests that the world’s largest cryptocurrency has failed to attract safe-haven flows. This was evident in the case of an increased demand for such assets following the escalating conflict in the Middle East, according to Kaiko. Bitcoin Struggles to Capture Safe-Haven Status While gold and the US dollar have rallied, bitcoin’s value dropped by 6% in April. One potential reason for this…

The Korean crypto markets have recently experienced a surge in trade volume, reaching heights not seen in over two years. According to a report from Kaiko, the first quarter of 2024 marked an important milestone as the South Korean Won (KRW) surpassed the U.S. Dollar (USD) in terms of cumulative trade volume. Competition and Shifting Dynamics This surge in trading activity comes amid fierce competition among Korean exchanges and shifting market dynamics. Upbit, a major player in the South Korean…

Kaiko, a Paris-headquartered blockchain data analytics firm, has secured $53 million in a Series B funding round. Bloomberg reported earlier today, noting that Eight Roads led the funding round alongside French VC Revaia. The financing round also attracted investments from existing investors like Alven, Point Nine, Anthemis, and Underscore. The company’s Series B round comes amid one of the harshest bear markets in the history of cryptos. According to a Kaiko spokesperson, this funding round has tripled the firm’s valuation…