In A Nutshell The debate on the definition of inflation takes a new turn as Ethereum co-founder Vitalik Buterin challenges traditional economic perspectives. Buterin emphasizes the crypto community’s adaptation of the term to specifically mean “increase in the total supply of a currency.” His stance, shared via a Farcaster post, rebuts a statement by digital…
In A Nutshell A substantial movement of Bitcoin, totaling approximately $2.94 billion, was observed on May 28, as wallets associated with the defunct cryptocurrency exchange Mt. Gox transferred 42,884 BTC to an unidentified wallet. This significant transfer comes as Mt. Gox prepares to distribute Bitcoin holdings to its creditors in anticipation of a final settlement…
In A Nutshell Nick van Eck, CEO of stablecoin issuer Agora and son of investment management veteran Jan van Eck, recently shared insights on the evolving landscape of stablecoins. In a Medium post dated May 27, he articulated his perspective on yield-bearing stablecoins, expressing concerns over their classification as security products in numerous countries, which…
In A Nutshell The Uniswap Foundation, responsible for overseeing the Uniswap decentralized exchange, has recently disclosed its financial situation. This revelation comes at a pivotal time, just before a critical vote that could alter how fees are distributed within the platform. The disclosed balance sheet highlights $41.41 million in fiat and stablecoins, in addition to…
In A Nutshell Bitcoin and ether, two leading cryptocurrencies, experienced a price correction following the U.S. Securities and Exchange Commission’s (SEC) approval of several ether exchange-traded funds (ETFs) for listing. Despite the initial rally that saw ether’s price increase by over 20% in anticipation, the approval triggered a sell-off, demonstrating the market’s “buy the rumors,…
In A Nutshell The cryptocurrency community has been abuzz with speculation following the unexpected issuance of a meme coin named JENNER, associated with American celebrity Caitlyn Jenner. This token, which was deployed on the Solana blockchain, has amassed over $100 million in trading volume within 24 hours of its launch. Despite this success, doubts about…
In A Nutshell Almost ten years after Craig Wright first made headlines with his claim of being the enigmatic creator of Bitcoin, Satoshi Nakamoto, England’s High Court of Justice has handed down a verdict that starkly opposes Wright’s assertions. The judgment, delivered by Justice James Mellor, found Wright to have “lied to the court extensively…
In A Nutshell Algorand recently unveiled an advertisement that directly criticizes major blockchain networks, including Bitcoin, Ethereum, and Solana, for their inefficiencies in handling payments. This bold move has sparked a considerable amount of discussion within the crypto community, with opinions ranging from support to strong criticism of the ad’s approach. Context and Impact The…
In A Nutshell A groundbreaking development in the AI music creation domain, Suno, has recently secured a significant investment of $125 million from venture capitalists. This new platform aims to democratize the process of music production, enabling users to generate music tracks through simple text prompts. With its innovative approach, Suno not only targets professional…
In A Nutshell Recent fluctuations in Bitcoin’s (BTC) price have sparked discussions among traders and analysts alike. After a surprising 5% correction from its early week rally to $72,000, Bitcoin’s price dropped to an intra-day low of $67,550. This movement has been interpreted by some market participants as a “fake out,” suggesting a potential setup…