In A Nutshell The anticipation surrounding Bitcoin’s upcoming halving event, set for April 20, 2024, has sparked a notable increase in market volatility. Recent analytics have highlighted a significant rise in the Implied Volatility of Bitcoin options contracts expiring in April, jumping from 62% to 75% over a single weekend, as reported by Kaiko. This…
In A Nutshell The Bitcoin market is currently witnessing a significant tug-of-war between buyers and sellers as bid liquidity increases near the $60,000 mark. This increase in liquidity is particularly noticeable following a substantial liquidation of long positions, which has led to a pressing need for a price bounce. With bid orders congregating just below…
In A Nutshell Recent analyses by cryptocurrency traders suggest a potential near-term downside for Bitcoin’s price based on the movements within its Bollinger Bands, a popular technical analysis tool. Despite this short-term volatility expectation, the overall sentiment remains bullish on the long-term prospects of Bitcoin, anticipating continuous growth post-correction. Understanding Bollinger Bands and Bitcoin’s Position…
In A Nutshell The GameFi ecosystem is witnessing a significant resurgence, fueled by rising cryptocurrency prices and innovative partnerships. Notably, the daily active wallets interacting with GameFi platforms have doubled over the past year. This rejuvenation is marked by StepN’s collaboration with Adidas for a Genesis Edition NFT drop and the introduction of Web3 gaming…
In A Nutshell The Bored Ape Yacht Club (BAYC), a leading name in the Non-Fungible Token (NFT) realm, has witnessed its floor price plummet to an all-time low since August 2021. Currently, the price stands at 11.1 Ether (ETH), marking a 90% drop from its peak. This decline is reflective of a larger trend affecting…
In A Nutshell Cryptocurrency exchange OKX has recently announced the addition of two new memecoins, Dogwifhat (WIF) and the Cat in a Dog’s World (MEW), to its trading platform. This move comes amid a growing interest in memecoins, especially those based on the Solana blockchain. OKX users can now engage in spot trading of these…
In A Nutshell Venture capital (VC) investments in the cryptocurrency and blockchain industries are experiencing a significant resurgence. With a noticeable increase in capital flow and the adoption of alternative funding models, startups within this space are finding novel pathways to secure funding. This trend is evident from a series of recent funding rounds and…
In A Nutshell Pac Finance, a well-regarded decentralized finance (DeFi) platform, recently found itself at the center of controversy. Reports have emerged that a sudden change in the parameters for ezETH loans by a developer wallet led to an unexpected $24 million in liquidations on April 11. This incident has sparked a wave of concern…
In A Nutshell Auradine, a company recognized for its cutting-edge Bitcoin mining technology, has successfully completed a Series B funding round, raising $80 million. This funding round, joined by a mix of previous and new investors, showcases the continued confidence in Auradine’s innovative approach to cryptocurrency mining. With a focus on energy efficiency and high-performance…
In A Nutshell The dYdX community has recently cast a monumental vote, approving the staking of 20 million DYDX tokens from the community treasury. This move, valued at over $61 million, aims to fortify the security of the decentralized exchange as it witnesses a significant uptick in trading activity. The decision was made in response…