Nansen

Smart money is displaying significant activity in meme coins, particularly around Pepe (CRYPTO: PEPE). What Happened: According to Nansen's on-chain data, Smart Money addresses — which represent experienced and strategic cryptocurrency investors — have been...

A whirlwind of speculation and conflicting information surrounded the potential approval of a spot Bitcoin (CRYPTO: BTC) ETF this week, ultimately culminating in a muted market reaction that has analysts questioning the potential impact of this long-awaited regulatory milestone. The drama...

Decentralized finance (DeFi) is the primary entry point for new users in the blockchain ecosystem. That's according to a study conducted by data analytics platform Nansen, which discovered that an average of 63% of a new user's first on-chain actions are associated with DeFi counterparties...

The amount of Ethereum (CRYPTO: ETH) being staked witnessed a significant surge, doubling in just a year with about 25% of all available Ethereum currently staked, up from 11% a year ago as of Sept. 22, 2023, according to a report. This rise in staking activities underscored the...

Crypto analytics firm Nansen reported a breach involving one of its third-party vendors. The hack exposed 6.8% of user emails and some blockchain addresses. What Happened: Nansen CEO Alex Svanevik told Benzinga, "Our team has been working day and night in the last 48 hours to mitigate the...

Cryptocurrency exchange Huobi experienced a net outflow surpassing $73.3 million this past week. This development coincides with reports of several of its top executives being detained by authorities in China, The Block reported. By 4:30 p.m. HKT, the exchange registered token outflows amounting to...

Blockchain analytics firm Nansen announced that it has reduced its staff count by 30% as a result of harsh market conditions.  What Happened: This comes as several other crypto firms including Coinbase, Kraken, Crypto.com, and Gemini have also recently laid off part of their staff. According to...

Shiba Inu (CRYPTO: SHIB) was among the top favorite holdings in new crypto wallets, with more than 12,000 fresh wallets seeing holding the meme coin over the last seven days leading up to Jan.19, 2023. What Happened: According to Nansen data, these wallets saw $56 million in SHIB inflows...

Winklevoss brothers-owned crypto exchange Gemini witnessed a surge in withdrawals early, as crypto firms tackle the cascading effects of the collapsed exchange FTX (CRYPTO: FTT). What Happened: On-chain data revealed by Nansen, $485 million have been withdrawn from Gemini, in the last 24 hours....