Nansen CEO Alex Svanevik discusses the multichain future and other trends shaping up the crypto industry in an exclusive chat.
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Data from Nansen shows that the Lil Pudgy’s floor price has increased by a whopping 172% over the past 30 days, making it the best performing NFT with a minimum of 1,000 ETH volume.
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Aurelie Barthere, principal research analyst at Nansen, told Kitco Crypto that the approval of a spot ETH ETF “is very likely.” “BlackRock appears to have already filed for an ETH spot ETF with the SEC last November,” she said. “ETH is the next logical crypto underlying for an ETF. Quite a few tailwinds are aligning for ETH and L2 token prices in our view this Q1: anticipation around the spot ETF approval but also the Cancun upgrades of the Ethereum blockchain.”
Read More -->According to a report from on-chain data firm Nansen, “DePIN refers to decentralized physical infrastructure networks that use token incentives to coordinate a network of resources for consumption.” “DePIN is based on the premise that leveraging a network of distributed and incentivized participants can create better and more cost-efficient outcomes than a centralized entity,” Nansen said. “It differs from the traditional method where companies would handle the entire process of building and maintaining their infrastructure.”
Read More -->“The largest smart money inflows” were directed toward the Ethereum ecosystem in the past 24 hours, Nansen analyst Martin Lee said in a Telegram message. Nansen defines smart money as wallets that trade or invest in a way that is considered experienced or well informed and are usually profitable.
Read More -->“The largest smart money inflows” were directed toward the Ethereum ecosystem in the past 24 hours, Nansen analyst Martin Lee said in a Telegram message. Nansen defines smart money as wallets that trade or invest in a way that is considered experienced or well informed and are usually profitable.
Read More -->"The main idea is that ETH, being the second largest cryptocurrency, would have the highest probability of being the next ETF after BTC,” Martin Lee, analyst at on-chain data firm Nansen, told CoinDesk in a Telegram message.
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Nansen, a blockchain analytics firm, reports that Celsius currently comprises 20.3% of the withdrawal queue, with 112,037 Ether valued at approximately $266 million.
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Aurelie Barthere, Nansen’s Principal Research Analyst, discussed the implications of a Bitcoin spot ETF approval on market dynamics. Barthere predicts a decrease in the influence of crypto whales and a reduction in spot market volatility as institutional investors enter the fray. Furthermore, Barthere emphasizes that the approval would test institutional investors' appetite for Bitcoin, potentially overcoming hurdles related to custody and regulatory uncertainty.
Read More -->According to blockchain analytics firm Nansen, 32% of all ETH waiting to be withdrawn has been requested by Celsius, while 54.7% is from Figment, a staking service that Celsius reportedly uses.
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According to the blockchain and crypto intelligence firm Nansen’s staking data, Celsius has a notable 206,300 ETH queued for unstaking withdrawal. This significant withdrawal is anticipated to considerably influence the firm’s asset handling and represents a move towards meeting its commitments to creditors.
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