In A Nutshell Recent analyses of Dogecoin and Shiba Inu have shed light on the dynamics between these two leading memecoins, revealing insights into their market sentiment, open interest, and funding rates. Amid a broader market downturn, both tokens have faced significant selling pressure, yet their futures market data suggests differing levels of resilience and…
In A Nutshell The United Kingdom’s Treasury, in collaboration with the Financial Conduct Authority (FCA), has identified crypto firms as among the entities facing the highest risk of money laundering activities in the country for the fiscal year 2022-2023. Alongside retail and wholesale banking, as well as wealth management companies, crypto-asset businesses are highlighted for…
In A Nutshell Pike Finance, a decentralized finance (DeFi) protocol, recently sought to clarify its initial statement regarding a vulnerability associated with USDC Coin (USDC) following a $1.6 million exploit. Initially attributing the security breach to a flaw within USDC, Pike Finance later corrected this stance, asserting that the exploit stemmed from their own mismanagement…
In A Nutshell Shorting Bitcoin on major cryptocurrency exchanges like Binance and Coinbase provides an opportunity for traders to profit from a decline in Bitcoin’s price. This advanced trading strategy involves borrowing Bitcoin, selling it at current market prices, and aiming to buy it back at lower prices. While offering potentially high returns, shorting comes…
In A Nutshell LayerZero, an innovative cross-chain interoperability protocol, has recently completed the first snapshot for its highly anticipated airdrop, signaling a significant step forward in its development. This move comes as the protocol’s ZRO perpetual futures contract begins trading on Hyperliquid, the world’s largest decentralized exchange (DEX) for perpetual futures, with an impressive potential…
In A Nutshell The Shiba Inu token (SHIB) has been a subject of intense speculation and analysis within the cryptocurrency community. Recent data indicates a potential increase in its value, spurred by a reduction in tokens held on exchanges and a low Network Value to Transaction (NVT) ratio, suggesting undervaluation. This article delves into the…
In A Nutshell April has marked itself as a significant month in the realm of cryptocurrency security, with a historic low in financial losses due to exploits and scams. A report from the blockchain security platform CertiK reveals that only $25.7 million was lost to such incidents throughout the month. This figure represents a dramatic…
In A Nutshell Recent observations have highlighted a significant uptick in Cardano (ADA) accumulation by large-scale investors, commonly referred to as “whales,” despite a notable 30% dip in its market value over the past month. This phenomenon raises questions about the potential for a bullish reversal in ADA’s price trajectory. With a daily average of…
In A Nutshell The recent decline in Bitcoin dominance has sparked interest among investors towards altcoins, such as Chainlink (LINK), as potential investment opportunities. The decrease in Bitcoin’s market capitalization share suggests a shifting landscape that could favor altcoins. With specific technical indicators pointing towards a possible uptick for altcoins like LINK, investors are closely…
In A Nutshell Avraham Eisenberg, previously found guilty of a significant financial crime involving Mango Markets, now faces new charges related to the possession of child pornography. Originating from an extensive investigation into his fraudulent activities, this development adds a severe dimension to his legal troubles. The Charges Explained In January 2023, authorities conducting a…