Five On-Chain Indicators Investors Should Follow: Chainalysis

The $190 million Nomad Bridge exploit is just the latest out of 13 separate bridge attacks in 2022 so far. Cross-chain bridge hacks have accounted for 69% of the total crypto stolen in 2022, amounting to $2 billion in losses, according to a new report. The report comes from blockchain analytics firm Chainalysis on Aug. 2, noting there have been 13 separate token bridge hacks this year — the most recent being the $190 million Nomad Bridge exploit.Q1 2022 was by far the quarter that saw the most amount of crypto stolen since 2021, due mainly to the Ronin Bridge Attack in late March, which....

Blockchain data platform Chainalysis has announced that it is adding bitcoin to its corporate investment portfolio. This is the company’s first acquisition of cryptocurrency, the CEO revealed. Chainalysis is valued at $4.2 billion. Chainalysis’ First Acquisition of Cryptocurrency Blockchain data analytics firm Chainalysis announced Tuesday the addition of bitcoin to its balance sheet. Chainalysis will acquire bitcoin using the brokerage services of the New York Digital Investment Group (NYDIG), the bitcoin investment arm of Stone Ridge Asset Management.....

New York-Based Chainalysis Inc., has signed a joint memorandum with Europol’s European Cybercrime Centre (EC3) to help battle online criminal activity. The partnership coincides with the company receiving a $1.6 million USD seed fund from investors. Chainalysis was founded in 2014 by Jonathan Levin, Jan Moller, and Michael Gronager with the goal of “[spotting] connections between digital identities.” In the press release, the company says it aims to help track this data on the blockchain.

A technical bias conflict in the Bitcoin market is looking to influential on-chain indicators for cues—and most of them are favoring bulls.

Despite the recent bitcoin sell off, there are several very bullish on-chain indicators showing HODLers are accumulating through this dip.