In A Nutshell Bitcoin has recently experienced a significant price drop, falling below the $60,000 mark and reaching a nine-week low. Despite this downturn, certain key players in the cryptocurrency market, including institutional investors and Bitcoin whales, appear unfazed by the decline. This article delves into the reasons behind their optimistic outlook, including steady institutional…
In A Nutshell Recent investigations have raised insider trading concerns surrounding the Smash (SMASH) cryptocurrency, a Solana-based memecoin initiated by the renowned mixed martial artist and UFC contender, Khamzat Chimaev. Notably, a significant portion of the SMASH supply, up to 78%, has been acquired by insiders and developer-related wallets, leading to apprehensions about price manipulation…
In A Nutshell The cryptocurrency market has seen a notable downturn, with Bitcoin dropping below the $60,000 mark, a decrease attributed to several factors including Mt. Gox repayments, significant ETF outflows, and the anticipation of Ethereum ETF approvals. Additionally, the market experienced over $250 million in liquidations, impacting numerous investors and traders. This article delves…
In A Nutshell A new “critical bug” disclosure policy has been established by a group of Bitcoin Core developers. This initiative, spearheaded by developer Antoine Poinsot and colleagues, aims to enhance the way security vulnerabilities within the Bitcoin network are communicated to the public. Acknowledging the historical shortcomings in transparency regarding these security-critical bugs, the…
In A Nutshell DWF Labs, a prominent Web3 investor and market maker, has recently introduced a $20 million Cloudbreak Fund aimed at fostering the growth of Web3 projects in Chinese-speaking regions. The fund targets various sectors within the Web3 landscape, including GameFi, SocialFi, memecoins, derivatives, and layer-1/layer-2 projects, providing crucial investments and strategic resources to…
In A Nutshell Polkadot, the renowned blockchain interoperability platform, has reportedly expended a substantial $87 million of its DOT tokens in the first half of 2024, prompting a discourse on the sustainability of its treasury. With the treasury’s remaining funds pegged at $245 million worth of DOT, stakeholders and community members are voicing concerns and…
In A Nutshell This week’s edition of the Nifty Newsletter highlights significant movements in the NFT (non-fungible token) market, including a notable 44% decline in sales. Amidst this market fluctuation, social media influencer Logan Paul has initiated a defamation lawsuit against YouTuber Stephen Findeisen, known as Coffeezilla, over allegations made against Paul’s NFT project, CryptoZoo….
In A Nutshell The Ethereum (ETH) community is awaiting the approval of an Ethereum Exchange-Traded Fund (ETF) with bated breath, a process that has been unexpectedly delayed. Despite initial positive momentum in the market, recent developments have seen Ethereum slipping into a bearish trend, primarily due to the Securities and Exchange Commission (SEC) postponing the…
In A Nutshell The German government has recently transferred another $52 million worth of Bitcoin (BTC) to various exchanges, hinting at the possibility of further selling its holdings. This move involves 832.7 BTC distributed across four transactions to prominent exchanges such as Coinbase, Bitstamp, and Kraken. The majority of this recent transfer, 550 BTC, was…
In A Nutshell Amber Japan, now rebranded as S.BLOX and operating under the umbrella of Sony Group, has set sails to expand its crypto trading services through WhaleFin. This strategic move comes alongside a significant service renewal, aiming to enhance user experience and integrate advanced features, reflecting Sony’s deepening involvement in the cryptocurrency and blockchain…