In A Nutshell The cryptocurrency market is buzzing with anticipation as Bitcoin (BTC) approaches its potential all-time high (ATH), with current trends and key indicators suggesting a significant move could be on the horizon. This week, investors and traders are closely monitoring BTC’s performance, which could set the tone for the broader market, including altcoins…
In A Nutshell BlackRock, the global investment giant, has recently shared insights on the future of crypto ETFs (Exchange-Traded Funds) within model portfolios, hinting at a significant shift towards the end of 2024. Samara Cohen, BlackRock’s ETF and Index Investments CIO, highlighted the increasing interest in digital currency-backed ETFs among large brokerage firms and the…
In A Nutshell Bitcoin’s open interest has surged to a new record high of $39.46 billion, indicating a growing investor interest in the cryptocurrency. This metric, which tracks the total number of open positions in Bitcoin across all exchanges, has surpassed its previous record, signaling potential for an imminent price breakout. Coupled with positive indicators…
In A Nutshell Non-fungible tokens (NFTs) are on the brink of experiencing their lowest monthly sales volume since November 2023, as reported by CryptoSlam on July 29. The monthly volume of digital collectibles recorded was $393 million, indicating a possible downturn in sales but an interesting uptick in transaction numbers. July’s transaction volumes surged by…
In A Nutshell A notable transaction has caught the attention of the cryptocurrency community as a wallet associated with the Ethereum Foundation reportedly moved approximately 92,000 ETH, valued at around $290 million. This movement is significant, considering the Ether has been static in the same address for the past seven years. Blockchain analytics platform Arkham…
In A Nutshell The cryptocurrency market has seen its fair share of volatility, and Shiba Inu (SHIB) has not been immune to these fluctuations. Recent analysis indicates a bearish outlook for SHIB in the near term, with on-chain metrics and market dynamics suggesting further losses could be on the horizon. Factors such as increased selling…
In A Nutshell AtariX, the Web3 arm of the iconic video game company Atari, has announced a partnership with Base, Coinbase’s Ethereum layer-2 scaling solution, to bring classic video games onto the blockchain. This initiative kicks off with the beloved 1979 arcade hit, Asteroids, allowing players to engage with the game in a novel way….
In A Nutshell Despite a recent slow down in the Bitcoin market and a dip in spot Bitcoin ETF (Exchange Traded Funds) inflows, Bitcoin traders, particularly short-term holders, have found themselves back in the green. This shift in fortune can be attributed to a robust rally that pushed Bitcoin prices to a two-month high, above…
In A Nutshell A compact Bitcoin mining device, known as the Bitaxe, has astoundingly produced a Bitcoin block, securing over $200,000 in BTC for its operator. Despite its modest hash rate of 500 gigahashes per second (Gh/s), the Bitaxe achieved what is likened to winning a lottery in the mining community, given the slim odds…
In A Nutshell After years of anticipation, Bitstamp has announced it will initiate the repayment process to Mt. Gox creditors starting July 25. This move follows the reception of a significant asset transfer from the trustees of the defunct exchange, including over 5,000 Bitcoin (BTC), along with Bitcoin Cash (BCH) and Ether (ETH). The repayment…