In A Nutshell Bitcoin has recently seen a period of consolidation at $68,000 after peaking due to the excitement around an Ethereum ETF, suggesting a potential brief dip to $65,000 before attempting to surpass its all-time high (ATH). A combination of on-chain metrics, trader activity, and technical analysis provides insight into Bitcoin’s next potential moves….
In A Nutshell Michael Saylor, the CEO of MicroStrategy, recently expressed a shift in perspective towards Ethereum ETFs, suggesting their approval could be significantly beneficial for Bitcoin. This change of heart comes amidst various crypto regulatory advancements and could signal a broader acceptance and legitimization of cryptocurrencies as a whole. Saylor’s views represent a departure…
In A Nutshell The Fantom Foundation, known for its innovative decentralized network, has recently announced the establishment of the Sonic Foundation. This new initiative is set to oversee the development and launch of the Sonic Chain—a promising addition to Fantom’s suite of blockchain solutions. Michael Kong, the CEO of the Fantom Foundation, shared insights on…
In A Nutshell While the cryptocurrency market experiences a surge, led by major players like Bitcoin (BTC) and Ethereum (ETH), Cardano (ADA) seems to be pacing at a slower rhythm. This has raised questions about ADA’s current stance and future direction, especially in light of recent bullish factors affecting the wider crypto market. This report…
In A Nutshell A recent analysis on Solana (SOL) presents a mixed view on its market demand, with technical indicators such as the On-Balance Volume (OBV) and the Chaikin Money Flow (CMF) suggesting a possible low demand, despite a noticeable increase in non-fungible token (NFT) trading volume on the Solana platform. The bullish sentiment is…
In A Nutshell A significant ruling by the U.K. High Court of Justice has effectively invalidated Craig Wright’s longstanding claim to be Satoshi Nakamoto, the mysterious creator of Bitcoin. The case, instigated by the Crypto Open Patent Alliance (COPA), challenged Wright’s assertions and presented evidence of forgery and deceit. The judgment delivered by Judge James…
In A Nutshell Liquidity, a critical aspect of cryptocurrency trading, ensures that digital assets can be bought or sold without causing significant price fluctuations. This article dives into the essence of liquidity providers (LPs) in the crypto market, categorizes them, and outlines a comprehensive guide on selecting a reliable LP. It also highlights the potential…
In A Nutshell Bitcoin’s recent trading patterns suggest an increasing interest from large-scale investors, commonly known as whales. Despite this growing demand, a significant price leap is anticipated to require more time, with analysts predicting that reaching new highs could span several weeks. This insight emerges as the daily downtrend in Bitcoin’s price sees a…
In A Nutshell The metaverse, an evolving and expansive digital realm, is now more accessible than ever through a groundbreaking development: the Metaverse Browser. This innovation, brought forth by the Layer-1 blockchain and metaverse protocol Somnia, is designed to significantly ease the journey into Web3 and custom content creation for users. Launched on May 15,…
In A Nutshell FalconX, a noted crypto trading platform, has agreed to a $1.8 million settlement with the Commodity Futures Trading Commission (CFTC) due to its failure to register as a Futures Commission Merchant (FCM). This decision follows the CFTC’s discovery that FalconX offered institutional clients, including those in the U.S., access to crypto derivatives…