In A Nutshell A notable shift has occurred within the Compound Finance ecosystem, where a contentious proposal, known as Proposal 289, has been officially rescinded in favor of a new, more agreeable solution. This decision came after a significant pushback from the community and negotiations that led to an alternative proposal aiming to benefit COMP…
In A Nutshell Recent analysis points to a significant moment in the Bitcoin futures market, as observed metrics suggest an “inflection point” has been reached. This conclusion follows an uptick in Bitcoin’s open interest (OI) combined with a price movement into a new range. Experts, analyzing data post the Bitcoin 2024 conference, have honed in…
In A Nutshell Recent analysis suggests that leading altcoins, Ethereum (ETH) and Binance Coin (BNB), may be poised for a bullish reversal despite recent price declines. These predictions come amidst a backdrop of bearish market indicators, with both cryptocurrencies experiencing a reduction in their values over the past week. However, a notable pattern formation hints…
In A Nutshell Bitcoin’s recent fluctuation has caught the attention of investors and traders alike. After reaching a local high of $69.4k, the premier cryptocurrency experienced a slight decline, shedding about 2.7% of its value to trade at $67.5k. This movement is significant, especially considering the liquidity levels and Bitcoin dominance trends that hint at…
In A Nutshell The cryptocurrency Solana (SOL) has recently made headlines for its potential to reach a new milestone price of $250. Following a successful break above a bullish pattern and retesting its support, Solana appears poised for an upswing. Despite a minor setback in the last 24 hours, the long-term outlook remains bullish according…
In A Nutshell A new form of cybercrime targeting the cryptocurrency community has surfaced, involving the use of counterfeit conferencing software to execute address-poisoning attacks and steal digital assets. SlowMist founder, Yu Xian, has recently highlighted a report from a community member who fell victim to a sophisticated job-hunting scam, leading to a cautionary tale…
In A Nutshell Recent developments in the cryptocurrency market have sparked a debate among analysts, with the launch of spot Ethereum (ETH) exchange-traded funds (ETFs) being at the center of discussion. According to Charles Edwards, founder of Capriole Investments, the introduction of these ETH ETFs in what he considers a weak market could potentially divert…
In A Nutshell The defunct cryptocurrency exchange Mt. Gox, which spectacularly collapsed in 2014, reportedly still possesses 90,000 Bitcoin, estimated to be worth around $6 billion. This revelation has stirred the cryptocurrency community, as the long-awaited reimbursement process for creditors begins. Market analysts and investors closely observe the potential impact of these funds re-entering the…
In A Nutshell The Bitcoin mainnet has witnessed a groundbreaking development with the successful verification of its first-ever zero-knowledge (ZK) proof by BitcoinOS (BOS), a protocol dedicated to Bitcoin rollups. This event, occurring at precisely 11:22 pm UTC on July 24, paves the way for a new phase where Bitcoin transcends its original purpose, potentially…
In A Nutshell BlackRock’s iShares Bitcoin Trust ETF has seen significant inflows, surpassing investments in top performing stocks, known as the “magnificent seven”. This surge places Bitcoin as the second largest asset class by inflow in 2024, with projections suggesting a potential rise in price to $88,000 by September. This trend is bolstered by the…