In A Nutshell The Bitcoin halving event, a mechanism designed to reduce the rate at which new bitcoins are created by halving the reward for mining every four years, has historically been a catalyst for significant price rallies in the cryptocurrency’s market. With the next halving scheduled for 2024 and another in 2028, projections based…
In A Nutshell The Layer-2 (L2) blockchain platform, Arbitrum, is set to release approximately 93 million ARB tokens into the market, marking a significant event that could potentially influence the token’s price dynamics. This move involves the distribution of tokens primarily to the Arbitrum team members, contributors, and investors, following a structured unlock schedule. This…
In A Nutshell Recent activities in the cryptocurrency market have placed Wormhole, Ethena, and Waves tokens at the forefront of social media trends. These tokens have garnered significant attention due to Wormhole and Ethena Labs’ multi-million token airdrops and the potential delisting of the Waves token from Binance. These events have not only influenced the…
In A Nutshell The individual responsible for the notorious theft of over $320 million from the Wormhole bridge in 2022 was momentarily considered eligible to receive a recent airdrop from Wormhole. This airdrop would have provided them with approximately $50,000 in Wormhole’s new W tokens. Although the eligibility was short-lived, this incident highlights significant oversight…
In A Nutshell The cryptocurrency sector is abuzz with speculations regarding Solana’s (SOL) price trajectory in April. After a recent rally to $191, the market is caught in a tug-of-war between bullish patterns and bearish market sentiment. This piece delves into the technical and market indicators to offer an informed prediction on SOL’s future price…
In A Nutshell Delphi Labs CEO José Maria Macedo recently made a bold assertion regarding the future of Ethena Labs, predicting it will soon ascend to become the highest revenue-generating entity in the cryptocurrency sector. This optimistic projection is primarily anchored in the promising performance of Ethena’s synthetic dollar, USDe, which is anticipated to rival…
In A Nutshell NFT lending has emerged as a revolutionary way for NFT owners to unlock liquidity by using their digital assets as collateral for loans. It integrates non-fungible tokens (NFTs) into the decentralized finance (DeFi) sector, providing a novel avenue for borrowing and portfolio diversification. However, this innovative financial mechanism carries its own set…
In A Nutshell Bitfinex Derivatives introduces a novel trading offering with the launch of perpetual futures contracts based on Bitcoin (BTC) and Ethereum (ETH) volatility indices, namely the Bitcoin Implied Volatility Index (BVIV) and Ethereum Implied Volatility Index (EVIV). These contract offerings enable investors to trade on the implied volatility, or the expected price fluctuations,…
In A Nutshell The cryptocurrency market has recently experienced a noteworthy shake-up, particularly within the memecoin sector. Specifically, memecoins associated with the Solana and Coinbase’s Ethereum layer-2 Base networks have seen their market caps take a significant hit. Solana’s memecoin market cap dropped by 12%, while Base’s memecoins plummeted by 19% in just 24 hours….
In A Nutshell The Bitcoin market recently experienced a significant downturn, with the value of Bitcoin plummeting by $3,000 in a matter of minutes from $69K to $66K. This sharp decline was triggered by unexpectedly strong U.S. manufacturing activity data for March, which led to a reassessment of the likelihood of Federal Reserve (Fed) rate…