In A Nutshell Bitcoin experienced a minor correction in its price, attributed to the activities of short-term holders who have been accumulating significant amounts of the cryptocurrency in recent months. This shift in holding patterns, alongside other market indicators, suggests a potential for increased market volatility. Understanding the Role of Short-term Holders Recent analysis from…
In A Nutshell MyShell, a Tokyo-based decentralized AI platform known for enabling the creation of AI girlfriends among other applications, has successfully raised $11 million in a pre-series A funding round. This round elevates the total investment in MyShell to $16.6 million. The initiative, supported by key investors like Dragonfly and participation from several ventures…
In A Nutshell Shiba Inu (SHIB), a cryptocurrency originally considered a meme coin with little to no intrinsic value, has continued to surprise the market and its creators alike. The token’s resilience and unexpected financial performance, particularly in the holdings of the Future of Life Institute (FLI), has garnered attention. Vitalik Buterin, Ethereum co-founder, expressed…
In A Nutshell Coinbase, a leading cryptocurrency exchange, has announced a strategic shift towards an on-chain operational model for managing customer and corporate USD Coin (USDC) balances. This transition to the Base layer, an Ethereum Layer 2 solution associated with Coinbase, is aimed at optimizing settlement speeds and reducing costs. Despite these benefits, questions about…
In A Nutshell The Commodities Futures Trading Commission (CFTC) recently asserted that Ethereum (ETH), Bitcoin (BTC), and Litecoin (LTC) qualify as commodities. This declaration came to light amidst the CFTC’s legal action against the cryptocurrency exchange KuCoin, sparking renewed discussions on the regulatory classification of these digital assets. The move contrasts with the Securities and…
In A Nutshell Shiba Inu (SHIB), recognized as the world’s second-largest meme coin following Bitcoin in popularity, particularly in Europe, exhibited a bullish trend in its price action last week. Despite a slight increase in selling pressure and indicators suggesting the meme coin was undervalued, SHIB’s social volume remained consistently high. An analysis of Shiba…
In A Nutshell The London Stock Exchange (LSE) has announced a significant move in the world of cryptocurrency by launching exchange-traded notes (ETNs) for Bitcoin and Ether, commencing on May 28. This development highlights a growing acceptance of digital currencies within traditional financial markets, albeit with a focus on professional investors due to regulatory stipulations….
In A Nutshell The cryptocurrency community finds itself at a crossroads as Solana’s co-founder, Anatoly Yakovenko, publicly denounces the practice of investing in memecoin pre-sales. These events, characterized by their speculative nature, have raised over 655,000 SOL, amounting to $107 million. The critique highlights the division within the crypto community regarding the value and impact…
In A Nutshell Blackrock, the world’s largest investment management firm, has announced its plan to dive deeper into the cryptocurrency space by launching a new digital asset fund in collaboration with Securitize. This fund, incorporated in the British Virgin Islands, has already amassed $100 million in USDC, a prominent stablecoin issued on the Ethereum blockchain….
In A Nutshell The Bored Ape Yacht Club (BAYC), one of the most popular Non-Fungible Token (NFT) collections on the Ethereum blockchain, has witnessed a significant decline in sales volume, leading to its drop to the 13th position in the market rankings. This event raises questions about the sustained interest in Ethereum’s NFT ecosystem, especially…