“[Pump Fun is] a huge success; I don’t think we can call it anything less,” Nicolai Søndergaard, a research analyst at blockchain analytics firm Nansen, told Unchained. “I have a lot of people now reaching out to me, who I haven’t spoken to in a while, and they’re suddenly talking about, ‘Hey, we found this thing called Pump.Fun’ or ‘Hey, we see this meme, should we do something?’”
Read More -->
Blockchain analytics firm Nansen has acquired staking services provider StakeWithUs, aiming to diversify the platform into cryptocurrency investments. The on-chain data provider said it plans to integrate StakeWithUs into its platform, enabling users to stake more than 20 cryptocurrencies, including assets on Ethereum, Solana and Sui, directly through Nansen. "Over time, users will be equipped with the tools to both evaluate the performance of and stake a diverse selection of tokens supported by all these blockchains," Nansen said. Nansen did not disclose the size of the acquisition deal.
Read More -->
Data analytics platform Nansen has acquired staking service provider StakeWithUs to expand its offerings, enabling users to stake assets directly on-chain. Nansen, a blockchain analytics platform, has acquired staking provider StakeWithUs in a move that would allow its users to stake crypto directly through its platform, adding non-custodial staking for over 20 assets.
Read More -->
Nansen bought StakeWithUs to add token staking in its first foray outside the provision of data for cryptocurrency traders. The purchase of the platform backed by the Singapore government's SGinnovate program cost more than $1 million.
Read More -->
Key Takeaways: Nansen has acquired StakeWithUs as part of its strategy to become a comprehensive platform for digital asset investments. Over 20 assets are supported at launch, including Ethereum, Solana, Sui, and more.
Read More -->“This acquisition allows us to provide our users with a streamlined staking experience, further solidifying our commitment to offering unparalleled value and service to onchain investors,” Alex Svanevik, CEO of Nansen, said in the statement.
Read More -->Nansen CEO Alex Svanevik joins CoinDesk to discuss the current landscape of crypto markets with a focus on regulatory challenges and on-chain analytics.This content should not be construed or relied upon as investment advice.
Read More -->
Despite its bullish long-term momentum, Ether’s price remains trapped under the crucial $2,700 resistance, according to Aurelie Barthere, principal research analyst at Nansen.
Read More -->Ether holds significant resistance around $2,700, which will continue to be a challenge to overcome, according to Aurelie Barthere, principal research analyst at Nansen onchain analytics platform. The analyst told Cointelegraph: “2.7k is the next resistance level for ETH, and there is not enough evidence that it is broken yet. Because price did not hold above this resistance for long enough and with enough volume.”
Read More -->Ether price remains trapped under the key $2,700 resistance line, according to Aurelie Barthere, the principal research analyst at Nansen onchain analytics platform. The analyst told Cointelegraph: “2.7k is the next resistance level for ETH, and there is not enough evidence that it is broken yet. Because price did not hold above this resistance for long enough and with enough volume.”
Read More -->Speaking with Cointelegraph, Aurelie Barthere, an analyst at Nansen, explained that the rate cuts by the Federal Reserve were “one bullish driver for BTC.” “[…] the largest risk is equities and their expensive valuations (22.5x fwd PE for the S&P 500). If we get a significant correction, this would tighten financial conditions for the economy and for risk assets like BTC, even with the Fed cutting rates.”
Read More -->