In A Nutshell In the rapidly evolving landscape of digital finance, fiat ramps continue to play a pivotal role in onboarding traditional Web2 users into the Web3 ecosystem. According to Aviessa Khoo, executive director at Mercuryo, despite the changing dynamics in transaction volumes from centralized exchanges to non-custodial wallets, fiat on-ramp solutions remain the most…
In A Nutshell Jesse Pollak, the creator behind Base, a Coinbase-adjacent layer-2 network, attributes a significant surge in crypto onboarding to the influence of memes. This trend, described as a “Cambrian explosion,” indicates a growing intersection between internet culture and digital asset adoption. Base has seen a substantial increase in total value locked (TVL), nearly…
In A Nutshell The Bitcoin (BTC) price has shown resilience at a critical support level, indicating a possible end to its recent selling pressure. This level, which has historically served as a foundation for bull market trends, suggests that Bitcoin may be on the cusp of a rebound. Analysts note that the return to this…
In A Nutshell The Pax Dollar (USDP), a stablecoin, recently experienced a temporary depegging from its $1 peg due to anomalies in pricing data from aggregators. This was not a result of any inherent issues within the Paxos protocol itself. Despite this hiccup, the Paxos spokesperson reassured that USDP is always redeemable for $1 through…
In A Nutshell The cryptocurrency landscape is poised for significant shifts as Bitcoin approaches its next halving event on April 19, 2024. Amidst the general market downturn, with Cardano’s (ADA) price dropping over 23% in the last week, a bullish pattern has emerged on ADA’s 4-hour chart, suggesting a potential surge. Analyzing various metrics indicates…
In A Nutshell Yuga Labs, the entity behind the renowned NFT collection known as the Bored Ape Yacht Club (BAYC), has recently divested the intellectual property of two of its games, HV-MTL and Legends of the Mara. This strategic move was made to a Web3 gaming company, Faraway. The sale aims to refocus the company’s…
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…