In A Nutshell The Solana community recently cast a decisive vote, with a 77% majority, in favor of redirecting 100% of priority fees to network validators. This decision shifts the previous arrangement, where priority fees were equally split between validators and a token-burning mechanism aimed at reducing the total supply of Solana (SOL). This move…
In A Nutshell The cryptocurrency ONDO has recently caught the attention of the market with its significant price movements, highlighting a sharp 75% increase in just eleven days. However, despite this bullish momentum, the last 24 hours have seen a reversal, with the price declining by more than 7%. This piece delves into the factors…
In A Nutshell The cryptocurrency market is witnessing a significant uptick in the number of non-zero USDT (Tether) and USDC (USD Coin) wallets, indicating a growing interest and participation in the space. This trend, observed by Santiment, suggests a bullish sentiment among investors, despite previous fears of selling pressure following the Bitcoin halving. The increase…
In A Nutshell StepN, a pioneering move-to-earn game on the Solana blockchain, is expanding its horizons with the introduction of a new social lifestyle application, StepN Go. This innovative app not only encourages physical activity but also fosters social interaction by enabling users to share digital sneakers with friends and family, thereby allowing for the…
In A Nutshell Switzerland is poised to enhance its regulatory framework for cryptocurrency by adopting the global Crypto-Asset Reporting Framework (CARF) to ensure tax transparency and equitable treatment with traditional assets. This move, initiated by the Federal Council, aims to integrate the country into the Automatic Exchange of Information (AEOI) system, targeting an implementation date…
In A Nutshell Coinbase, recognized globally as the second-largest cryptocurrency exchange by trading volume, recently experienced a significant outage. The issue, which lasted approximately three hours, affected the platform’s operational capability, including user transactions and withdrawals. Despite the exchange announcing a full recovery, numerous reports from users suggest that withdrawal and transfer functionalities are still…
In A Nutshell Metaplanet, a Japanese investment firm publicly traded on the Tokyo Stock Exchange, has taken a significant step in its treasury management by adopting Bitcoin as a reserve asset. With the acquisition of approximately 117.7 BTC valued at $7.2 million, this strategic move reflects the company’s response to the economic challenges in Japan,…
In A Nutshell The decentralized cryptocurrency exchange dYdX has announced a significant change in leadership. Antonio Juliano, the founder and former CEO, has stepped down to take on the roles of chairman and president. The reins of the company have been handed over to Ivo Crnkovic-Rubsamen, dYdX’s former chief strategy officer and a seasoned trader….
In A Nutshell Despite a recent decline in the altcoin market cap by nearly 20%, optimism remains high among traders for a potential surge. This anticipation is rooted in the altcoin market’s current state, often described as the “disbelief stage,” a period characterized by skepticism despite positive signs. This stage is thought to precede significant…
In A Nutshell Amidst Bitcoin’s stable price at $61K, an unexpected trend has emerged: a significant drop in its social activity. Despite this, Bitcoin maintains its influential presence within the cryptocurrency community. We delve into the current dynamics surrounding Bitcoin, examining its social and network activity and the implications of these trends on its future….