Bitcoin Dips 20% but Market Sentiment Remains Strong

Bitcoin Dips 20% but Market Sentiment Remains Strong

In A Nutshell Over the last three months, the Bitcoin (BTC) market has witnessed a roughly 20% price correction, marking it as the fourth such adjustment within the past year. Despite this decrease, the sentiment among crypto traders remains largely undisturbed, with many viewing the dip as a normal fluctuation within the broader market cycle….

Defunct DeFi Platform Yield Protocol Hacked, Loses $181K

Defunct DeFi Platform Yield Protocol Hacked, Loses $181K

In A Nutshell A defunct decentralized finance (DeFi) lending protocol, Yield Protocol, experienced a security breach resulting in the loss of approximately $181,000 in crypto assets. This incident occurred on the Arbitrum blockchain and involved the exploitation of smart contracts by an unknown hacker. Despite the protocol’s closure in December 2023 due to insufficient business…

BONKKILLER Scam Hits $328T Cap, Traps Funds

BONKKILLER Scam Hits $328T Cap, Traps Funds

In A Nutshell A lesser-known Solana-based memecoin, BONKKILLER, has astonishingly claimed a market capitalization of $328 trillion, surpassing the economic output of the entire world. However, this valuation is not a sign of success or viability but the result of a honeypot scam operation where the token’s creator has implemented measures to prevent any sales,…

$435M Flees Crypto Funds Amid Economic Fears

$435M Flees Crypto Funds Amid Economic Fears

In A Nutshell The last week witnessed a significant $435 million outflow from cryptocurrency investment funds, marking a pause in the bull market as investors grow cautious amidst rising inflation concerns. Notably, Bitcoin (BTC) funds saw the largest exodus with $423 million leaving the market, while Ether (ETH) funds also experienced withdrawals. On the flip…

Lido Hits 1M Validators, Dominates Ethereum Staking

Lido Hits 1M Validators, Dominates Ethereum Staking

In A Nutshell Lido Finance, the leading liquid staking platform on Ethereum, recently announced a significant milestone, achieving one million validators on its platform. This achievement underscores Lido’s dominant position in the DeFi (Decentralized Finance) ecosystem, controlling 28.5% of all staked Ether. The development marks a pivotal moment for the Ethereum blockchain and the wider…

Ethereum Fees Hit 6-Month Low Amid Market Shift

Ethereum Fees Hit 6-Month Low Amid Market Shift

In A Nutshell Recent analysis from Santiment has highlighted a significant drop in Ethereum network fees to a six-month low, even as ETH prices have seen a slight increase. This development, according to experts, may signal an imminent altcoin season, where alternative cryptocurrencies could experience a rally. This comes alongside observations of increased activity and…

EU Urged to Form Airbus-like Giant for Metaverse Lead

EU Urged to Form Airbus-like Giant for Metaverse Lead

In A Nutshell A recent report from LSE Consulting, an entity within the London School of Economics and Political Science (LSE), highlights the necessity for a unified, Airbus-like industrial conglomerate to catapult the European Union (EU) to the forefront of the burgeoning Web 4.0, or metaverse, market. Drawing parallels with the aerospace giant Airbus, which…

Ethereum Exodus Tops $781M as Prices Wobble

Ethereum Exodus Tops $781M as Prices Wobble

In A Nutshell The recent news highlights a significant outflow of Ethereum (ETH) from exchanges, totaling over $781 million in just a week. Amidst a bullish trend that saw Ethereum’s prices rallying above the $3,000 mark, this large-scale withdrawal could signal varying investor sentiments. However, a subsequent market downturn has raised questions about the impact…

BlackRock Denies Hedera Blockchain Involvement

BlackRock Denies Hedera Blockchain Involvement

In A Nutshell Recent clarifications reveal that BlackRock, the global investment giant, has no commercial ties with the blockchain platform Hedera, despite initial excitement in the crypto community about the potential tokenization of BlackRock funds on Hedera’s network. This announcement came after Hedera’s token, HBAR, experienced significant trading volatility, mistakenly fueled by reports suggesting BlackRock’s…