In A Nutshell Ethereum’s recent price trajectory has shown a significant pullback from its yearly highs, with the cryptocurrency revisiting lows not seen since January. This abrupt downturn has erased the gains from the earlier rally this year, leaving investors and traders seeking indicators for a potential bullish reversal. A critical resistance level at $2.5K-$2.6K…
In A Nutshell Gibraltar-based Xapo Bank has officially made its way into the United Kingdom’s financial sector, marking a significant milestone as the first licensed bank in the country to offer interest-bearing accounts in both Bitcoin and USD. This development comes as Xapo Bank secures its local banking license, aiming to cater to the growing…
In A Nutshell Ethereum (ETH), the second-largest cryptocurrency by market cap, has recently caught the attention of investors and traders alike. Amid a broader market downturn, a notable smart trader with a flawless track record has invested nearly $20 million in ETH, igniting speculations about a potential 17% upswing in its price based on historical…
In A Nutshell Decentralized finance (DeFi) protocol Convergence experienced a significant security breach resulting in a loss of $212,000 due to an oversight in smart contract code. This incident led to the hacker minting and selling a vast amount of the platform’s native token, CVG, along with the theft of unclaimed staking rewards. The attack,…
In A Nutshell Elon Musk, the renowned Tesla CEO and Twitter owner, recently declared a significant shift in his stance toward cryptocurrency promotions. Amidst a surge in social media scams, Musk has vowed to cease all promotional activities related to digital currencies, particularly those that leverage his name or likeness. This decision illuminates the broader…
In A Nutshell Solana (SOL), a prominent player in the cryptocurrency market, experienced a notable 8% price drop within a 24-hour period, bringing it down to a critical support level at $165. This decline triggered a significant liquidation event in leveraged positions, amounting to over $400 million. This recent downturn is part of a broader…
In A Nutshell A notable Bitcoin (BTC) trading indicator, the Bollinger Bands, has reached its tightest point in the last 12 months, hinting at a potential significant price movement for the cryptocurrency. Historical patterns suggest that such a squeeze in the Bollinger Bands may precede a considerable price rise, as observed in past occurrences. This…
In A Nutshell Sygnum Bank’s Head of Investment Research, Katalin Tischhauser, predicts that Ethereum (ETH) exchange-traded funds (ETFs) could amass $10 billion in assets under management (AUM) within their first year of operation. This forecast stems from comparisons with the estimated inflows for Bitcoin ETFs and considers Ethereum’s position and potential in the cryptocurrency market….
In A Nutshell Daylight Protocol has recently announced a successful $9M funding round, led by a16z Crypto with contributions from Framework Ventures, to enhance its distributed energy platform. The investment will aid in the development of Daylight’s innovative approach to meet the escalating global electricity demand through decentralized energy generation. This move comes in response…
In A Nutshell Liquid Restaking Tokens (LRTs) are redefining the landscape of decentralized finance (DeFi) by significantly increasing capital efficiency and simplifying the process of staking, particularly for Ether (ETH). With a monumental year-to-date increase of over 8,300% in total value locked (TVL), reaching $13.8 billion up from a mere $164 million at the start…