In A Nutshell Solana (SOL), a prominent cryptocurrency, recently encountered a significant resistance level at $160, compelling it to retract. This event raises speculation about whether SOL could potentially decrease to $120. Drawing from an analysis, this piece delves into the current consolidation phase, examining support levels, trading volume, and other critical indicators like the…
In A Nutshell The memecoin market has experienced an unprecedented boom in 2024, with its market capitalization reaching $50.8 billion and returns surging over 1300% on average for top tokens. Despite Bitcoin’s significant milestones, including the approval of a spot Exchange Traded Fund (ETF) and its halving event, the explosive growth and interest in memecoins…
In A Nutshell The cryptocurrency XRP has recently become a hot topic of discussion, partly due to the SEC’s statement on Ripple Lab’s planned stablecoin. Despite a rise in social metrics indicating increased popularity, XRP’s price action has lagged, prompting concerns about its future direction. With a high buying pressure but bearish indicators, the next…
In A Nutshell The co-founder of Tether, William Quigley, has positioned the tokenization of fiat currencies as a paramount innovation in the financial sector, second only to the invention of fiat money itself. During a discussion at the FT Crypto and Digital Assets Summit, Quigley shared insights on the potential of tokenized fiat to revolutionize…
In A Nutshell A recent investigation by blockchain security firm Zellic has uncovered two significant vulnerabilities in a fork of the Gains Network leveraged trading protocol. These flaws could have allowed traders to secure a 900% profit on every trade, irrespective of market conditions. This discovery raises concerns about the security of forked protocols in…
In A Nutshell Botanix Labs, a forward-thinking Bitcoin development startup based in New York, has recently announced a successful fundraising round, amassing $8.5 million from a cohort of leading venture capital firms including Polychain Capital. This funding is earmarked for the expansion and development of Spiderchain, a layer-2 solution designed to enhance the Bitcoin network…
In A Nutshell The anticipation of Bitcoin’s next bull run ushers in a period of strategic planning for investors. With the market temporarily in a slump, it’s essential to look beyond the immediate horizon and identify trends that may influence the trajectory of cryptocurrency investments. The integration of Bitcoin and Ethereum into exchange-traded funds (ETFs)…
In A Nutshell Revolut, a prominent UK-based FinTech company, has recently made headlines with its ambitious dive into the cryptocurrency market through the launch of Revolut X. This move aims to cater to the growing demand for competitive fees and seamless transactions in the crypto space, reflecting the firm’s customer-centric approach. Alongside its partnership with…
In A Nutshell The cryptocurrency Tellor (TRB) has witnessed a notable 20% increase in its value over the past 24 hours, an impressive feat considering the general bearish sentiment in the broader crypto market. This surge extends its 30-day gains significantly, with its price standing at $114.60 at the time of analysis. Despite this positive…
In A Nutshell The cryptocurrency sector recently witnessed a substantial heist involving $71 million in Wrapped Bitcoin (WBTC), stolen through a sophisticated wallet impersonation scam. After a period of inactivity, the thief began dispersing the ill-gotten gains across various digital wallets, complicating the efforts to track and recover the funds. Overview of the $71 Million…