Twetch Shutdown: Users in Limbo, Hints at Open Source Future

Twetch Shutdown: Users in Limbo, Hints at Open Source Future

In A Nutshell Twetch, a Web3 social media platform operating on the Bitcoin SV (BSV) blockchain, abruptly ceased operations on June 6, leaving its community without a platform and with questions regarding the redemption of their nonfungible tokens (NFTs) and virtual collections. In light of its shutdown, Twetch has hinted at a possible future by…

May Sees 20% Crypto Volume Drop, Derivatives Stay Strong

May Sees 20% Crypto Volume Drop, Derivatives Stay Strong

In A Nutshell The crypto trading arena experienced a significant contraction in May, with overall trade volumes dropping by 20% following the Bitcoin halving event in March. Notably, this downturn spanned both the spot and derivatives markets, but derivatives continued to claim a larger share of the trading activity, influenced by speculation around Ethereum ETFs….

Crypto Market Cap Hits $2.6T: BTC and ETH Lead Surge

Crypto Market Cap Hits $2.6T: BTC and ETH Lead Surge

In A Nutshell The cryptocurrency market has recently observed a slight uptick in its capitalization, now exceeding $2 trillion. This growth is predominantly attributed to the appreciating values of Bitcoin (BTC) and Ethereum (ETH), the two leading digital assets by market cap. Alongside their value appreciation, both cryptocurrencies have witnessed a significant increase in accumulation…

Bitcoin ETFs Surge, Pushing BTC Over $71K Amid Investor Wave

Bitcoin ETFs Surge, Pushing BTC Over $71K Amid Investor Wave

In A Nutshell The cryptocurrency market is witnessing a remarkable surge in the inflow of investments into Bitcoin Exchange-Traded Funds (ETFs), with a significant $886 million recorded on June 4th. This influx, predominantly spearheaded by Fidelity’s FBTC, has propelled Bitcoin’s price above the $71K mark. Analysts are now speculating whether this positive momentum, coupled with…

E*Trade May Ban Roaring Kitty Over Stock Frenzy

E*Trade May Ban Roaring Kitty Over Stock Frenzy

In A Nutshell The renowned online brokerage firm E*Trade is currently deliberating the possibility of removing Keith Gill, famously known as Roaring Kitty, from its trading platform. This consideration arises from concerns about potential stock manipulation linked to Gill’s significant influence in the meme stock arena, particularly with GameStop (GME) shares. Gill’s recent activity on…

NYSE Glitch Underscores Need for Blockchain Solutions

NYSE Glitch Underscores Need for Blockchain Solutions

In A Nutshell The recent NYSE glitch that dramatically dropped the listed price of several securities has sparked a conversation about the vulnerability of centralized financial systems. Sergey Nazarov, co-founder of Chainlink, emphasized the crucial role of decentralized oracle networks in addressing these vulnerabilities. By offering a tamper-proof and accurate data aggregation method, Chainlink’s technology…

Brandt Predicts Bitcoin Could Hit $150K by 2025

Brandt Predicts Bitcoin Could Hit $150K by 2025

In A Nutshell The financial landscape of digital currencies is abuzz with speculation as Peter Brandt, a seasoned crypto trader, projects a significant bull run for Bitcoin, potentially reaching a staggering $130,000 to $150,000 by late August to early September 2025. This forecast aligns with the patterns observed in the aftermath of Bitcoin halving events,…

Ripple Unlocks 1B XRP: Surge in Activity Signals Price Moves

Ripple Unlocks 1B XRP: Surge in Activity Signals Price Moves

In A Nutshell The recent unlocking of 1 billion XRP tokens by Ripple has stirred various metrics within the XRP ledger, showing signs of increased activity and possible future price movements. With a significant jump in active addresses and other key indicators suggesting a potential rebound, the cryptocurrency community is keenly watching XRP’s price dynamics…