Bitcoin Nears 4th Halving: Market Watches Amid Decline

Bitcoin Nears 4th Halving: Market Watches Amid Decline

In A Nutshell The cryptocurrency community is on the edge of its seat as Bitcoin (BTC), the pioneer digital currency, approaches its fourth halving event. With recent market activities painting a bearish picture, there’s significant speculation about whether this fundamental event will lead to a further decline in BTC’s price, potentially hitting the $58K mark…

$1.7B in Bitcoin Shifts to Long-Term Holders

$1.7B in Bitcoin Shifts to Long-Term Holders

In A Nutshell Recent data indicates a significant shift in Bitcoin (BTC) ownership dynamics amidst its price fluctuations. On April 16, a day marked by a notable dip in Bitcoin’s value below $63,000, a historic move was observed as Bitcoin hodlers transferred a staggering $1.7 billion worth of BTC to ‘accumulation’ wallets. These are addresses…

Avail Launches 600M Token Airdrop to Boost Web3 Unity

Avail Launches 600M Token Airdrop to Boost Web3 Unity

In A Nutshell Avail, a cutting-edge blockchain data-availability protocol, has recently announced an ambitious airdrop involving 600 million of its native AVAIL tokens. This move comes as a significant development, one year after Avail’s inception as an independent entity following its spin-off from Polygon Labs. The airdrop is designed to reward a broad spectrum of…

2024 Report: Crypto Trading Volumes Soar, DEXs Lead Growth

2024 Report: Crypto Trading Volumes Soar, DEXs Lead Growth

In A Nutshell A recent report from the Bybit Institutional Report 2024 reveals a significant surge in trading volumes across major centralized cryptocurrency exchanges (CEX) from October 2023 to March 2024. OKX, Binance, and Bybit have seen their monthly trading volumes at least triple during this period, outpacing the industry’s average growth rate. Despite this…

Sweden Hits Crypto Miners with $90M Tax for Evasion

Sweden Hits Crypto Miners with $90M Tax for Evasion

In A Nutshell Sweden’s Tax Agency, Skatteverket, has demanded over $90 million in taxes from crypto miners operating within the country. This comes after an investigation spanning from 2020 to 2023, uncovering that a majority of the 21 scrutinized crypto-mining firms engaged in providing misleading or incomplete information to leverage tax incentives improperly. These malpractices…

Bitcoin NFT Volume Tops Ethereum, Shifts Market

Bitcoin NFT Volume Tops Ethereum, Shifts Market

In A Nutshell The digital asset sphere is witnessing a significant shift as Bitcoin overtakes Ethereum in NFT volume. Apecoin, associated with the Ethereum-based NFT collection Bored Ape Yacht Club (BAYC), experiences a downturn, reflecting broader trends in the NFT market and Ethereum’s declining dominance. Ethereum’s Diminishing NFT Dominance Historically, Ethereum has been the leading…

Shiba Inu Token Burn Fails to Boost SHIB Price

Shiba Inu Token Burn Fails to Boost SHIB Price

In A Nutshell The Shiba Inu (SHIB) network recently witnessed a significant token burn, with nearly 798 million tokens removed from circulation in just one week. Despite this aggressive attempt to induce scarcity and potentially increase SHIB’s price, the market’s response was contrary to expectations. The price of SHIB fell by 20% during the same…

Bitcoin Runes Launch: A New DeFi Era Despite Skepticism

Bitcoin Runes Launch: A New DeFi Era Despite Skepticism

In A Nutshell The imminent launch of Bitcoin Runes, alongside the Bitcoin halving, heralds a new chapter for fungible tokens on the Bitcoin network. Despite initial enthusiasm, a DeFi researcher, Ignas, predicts a potential decline in Runes’ value post-launch, akin to memecoins due to their initial lack of utility. However, there’s optimism for long-term prospects…

Web3 Investments Surge 55% in Q1 2024, AI and Gaming Lead

Web3 Investments Surge 55% in Q1 2024, AI and Gaming Lead

In A Nutshell: Web3 Investment Surges in Q1 2024 The first quarter of 2024 has witnessed a significant uptick in Web3 investments, with a 55% increase compared to the previous quarter. This resurgence in venture capital (VC) interest is further underscored by a 36% rise in Web3 VC investment deals. The spotlight has been on…

BNB Chain Revenue Dips Amid Market Downturn

BNB Chain Revenue Dips Amid Market Downturn

In A Nutshell The BNB Chain, a leading smart contract and decentralized application (dApp) supporting blockchain, has observed a significant decrease in revenue, coinciding with a drop in the Binance Coin (BNB) price. Amid fluctuating market conditions, this development marks a pivotal moment for the network, inviting a closer inspection of the underlying factors and…