In A Nutshell The expansion of stablecoins, particularly USDT, USDC, and DAI, has experienced a halt following the Bitcoin halving event on April 20, 2024. This pause in growth intersects with a period of anticipation ahead of the upcoming U.S. Consumer Price Index (CPI) data release and amid signals of increased fiscal support from China….
In A Nutshell The Solana blockchain has witnessed a significant increase in the number of NFT traders, with figures soaring by 111%. However, this upsurge contrasts with a downturn in NFT sales volume, which dipped by 16% during the same period. This anomaly is attributed to the depreciating value of Solana’s native token, SOL, which…
In A Nutshell Amidst fluctuating market conditions, a significant movement within the Bitcoin ecosystem has caught the attention of enthusiasts and investors alike. Between May 7th and 8th, 2024, a select group of Bitcoin whales, holding between 1,000 and 10,000 BTC, have collectively added approximately 15,121 BTC to their holdings, amounting to an estimated value…
In A Nutshell Despite facing a significant 22% decline in April, Polkadot (DOT) showcased a remarkable increase in network activity, achieving a new all-time high (ATH) in monthly active accounts. This surge was primarily driven by contributions from parachains like Moonbeam. However, with the onset of May, a shift in momentum was observed, as DOT’s…
In A Nutshell Recent analysis indicates a notable trend among Dogecoin (DOGE) holders, particularly the large addresses, which have increased their stakes by approximately 1%. This accumulation comes amid a slight price increase for DOGE, stirring discussions on whether this could signal a bullish sentiment for the meme-inspired cryptocurrency. This article delves into the significance…
In A Nutshell A surprising turn of events has unfolded as over $20 million in bridged Ether (ETH) has been returned to the ZKasino project’s multisignature wallet. This development comes three weeks after allegations surfaced accusing the platform’s founders of orchestrating an exit scam. The recovery of approximately two-thirds of the missing funds has sparked…
In A Nutshell A significant shift is underway in the realm of artificial intelligence (AI) through the efforts of The Morpheus Network and 6079, aiming to dismantle the current dominance of Big Tech by promoting decentralized, permissionless AI based on Web3 technologies. This movement represents a critical step towards democratizing access to AI, fostering a…
In A Nutshell The cryptocurrency Solana (SOL) has been experiencing mixed price trends recently. Despite showing a promising uptrend over the past seven days, SOL has struggled to break past the $160 resistance level. The asset saw a significant decline in the last 24 hours, making it the largest drop among the top five cryptocurrencies…
In A Nutshell The dynamic world of cryptocurrency has seen Cardano (ADA) experience a rollercoaster of price movements over a span of just four days. From reaching a peak of $0.48 to witnessing a 10% drop in value, ADA’s market behavior has been nothing short of tumultuous. Despite an increase in daily active addresses, the…
In A Nutshell Revolut, a leading fintech company, expands its footprint in the cryptocurrency market with the launch of Revolut X, a dedicated crypto exchange tailored for UK retail investors. This strategic move aims to enhance the trading experience by offering competitive fees, a vast selection of cryptocurrencies, and seamless integration with Revolut’s existing financial…