In A Nutshell Binance has successfully conducted another monumental token burn in Q2 2024, removing 1.64 million BNB tokens from circulation, a move valued at nearly $970 million. This action represents a continued effort to diminish the supply of BNB, potentially increasing its value. Despite this, BNB struggles to surpass the $600 resistance level, a…
In A Nutshell The Tron blockchain has recently celebrated a significant milestone with its total addresses surpassing the 245 million mark, indicating a surge in adoption and usage. Despite this upward trend in network activity, the price of its native token, TRX, has experienced a downward movement, shedding over 3% in value over the past…
In A Nutshell A recent Reddit poll sheds light on the intentions of Mt. Gox creditors regarding their Bitcoin holdings, as the defunct exchange gears up to refund over $9 billion to its users. With 56% opting to hold and 18% planning to sell, the decision could significantly influence Bitcoin’s market dynamics in the coming…
In A Nutshell The Li.Fi protocol, a pivotal technology for asset bridging and swapping across blockchains, recently fell victim to a $11.6 million hack. The breach, rooted in a newly deployed smart contract facet, prompted an immediate and comprehensive response from Li.Fi, including the release of a detailed incident report and the initiation of a…
In A Nutshell In an ongoing bankruptcy case, Aiden Pleterski, also known as Ontario’s “Crypto King,” faces intense scrutiny and legal challenges. Accused of operating a Ponzi scheme that resulted in significant investor losses, Pleterski is now confronted with calls to repay millions. A trustee’s lawyer has pointed out Pleterski’s lack of remorse and cooperation,…
In A Nutshell Recent speculation regarding a potential settlement between the U.S. Securities and Exchange Commission (SEC) and Ripple has ignited a significant rally for XRP, pushing its value to a three-month high of $0.61. Despite skepticism from a former SEC lawyer regarding the likelihood of a settlement, the market has reacted positively, with XRP…
In A Nutshell The native cryptocurrency of the Celestia blockchain, the TIA token, has seen an impressive 25% surge in its value over the past week, reaching a price point of $7.30. This rise marks a significant turnaround from a five-month period of decline, with the token’s performance standing out among the top 100 digital…
In A Nutshell The Cardano blockchain is on the brink of a significant transformation with the impending launch of the Chang Hard Fork on July 16th. This update is part of the Cardano roadmap’s final stage, aimed at fully decentralizing governance through a unique model of community-centered governance. Co-founder Charles Hoskinson has announced his step…
In A Nutshell The German government has recently initiated a significant movement of Bitcoin (BTC), transferring approximately 3,100 BTC from its main holding accounts. This transaction, worth around $178 million, signals a preparatory step for a further sell-off, following a $900 million BTC sale a day prior. Alongside this transaction, an additional 1,700 BTC were…
In A Nutshell Ethereum (ETH) has been experiencing a bearish trend despite significant accumulation by whales, with the price continuously dropping below key psychological levels. Recent data analysis reveals that while large holders of 10k-1M ETH have been increasing since mid-May, the overall market sentiment remains bearish, with short-term traders incurring losses and the price…