In A Nutshell A Solana-based maximal extractible value (MEV) bot, identified as “arsc,” has reportedly earned approximately $30 million in the past two months through MEV arbitrage, specifically executing sandwich attacks against Solana users. This strategy involves placing a victim’s transaction between two transactions controlled by the attacker, allowing them to manipulate the price for…
In A Nutshell Trezor, a major player in the cryptocurrency hardware wallet industry, has announced the launch of a new service aimed at making self-custody more accessible. Dubbed Trezor Expert, this personalized onboarding service is designed to ease users into the world of self-custodial wallets by providing one-on-one guidance. Alongside this service, Trezor has also…
In A Nutshell FlowBank, a crypto-friendly Swiss bank, has been compelled to shut down by the Swiss Financial Market Supervisory Authority (FINMA) due to significant breaches in regulatory standards, particularly in maintaining the minimum capital required for its operation. The decision comes after a detailed investigation revealed the bank’s financial instability and inability to meet…
In A Nutshell The music industry is on the verge of a significant transformation with the introduction of blockchain technology. Sergio Mottola, CEO of Music Protocol, during the Proof of Talk 2024 conference in Paris, highlighted the potential of tokenizing music catalogs. This revolutionary concept aims to revamp music distribution, intellectual property management, and revenue…
In A Nutshell The current discourse among traders and crypto analysts suggests a strong conviction that breaking the recurring pump-and-dump cycles Bitcoin (BTC) has been experiencing requires achieving new all-time highs. This perspective emerges amidst a backdrop of consistent selling pressure every time Bitcoin attempts a rally, with the market seemingly trapped in a consolidation…
In A Nutshell The cryptocurrency community has witnessed a significant surge in Unisat’s on-chain activity, attributed largely to the successful execution of its PIZZA airdrop. The event has not only catapulted the platform’s transaction volume and user engagement to record highs but has also positioned Unisat prominently within the Bitcoin marketplace ecosystem. This analysis delves…
In A Nutshell DeFi Technologies, a key player in the exchange-traded product (ETP) and venture capital market, has recently made headlines by integrating Bitcoin into its treasury management strategy. This strategic move involves the acquisition of 110 Bitcoin (BTC) and highlights the company’s confidence in Bitcoin as a stable reserve asset. Furthermore, the company’s subsidiary,…
In A Nutshell The Orbit Chain exploit, which saw $82 million stolen over New Year’s Eve, has taken a significant turn after five months of inactivity. The attacker initiated the movement of $47.7 million worth of Ethereum (ETH) to the cryptocurrency privacy mixer Tornado Cash on June 8. This event marks a significant development in…
In A Nutshell The recent developments in the Solana and Ethereum ecosystems have sparked considerable debate within the cryptocurrency community. Solana’s clampdown on Maximal Extractable Value (MEV) strategies by withdrawing support from certain validators has been a contentious move. Meanwhile, Ethereum’s approach to memecoins has also been under scrutiny. This article delves into the contrasting…
In A Nutshell The Total Value Locked (TVL) on the Ethereum layer-2 network, Base, has seen a significant surge to $8 billion, marking a notable milestone for the network. This development occurs shortly after Base surpassed Optimism’s OP Mainnet, positioning itself as a leading force in the Ethereum scaling solutions landscape. With a remarkable growth…