In A Nutshell Polygon (MATIC) is currently facing a crucial resistance level at $0.73, which could significantly impact its ability to reach the $0.85 price target. With a current trading price of $0.68, the token has experienced a 25.56% correction over the last week. Liquidity data suggests a high level of open positions could be…
In A Nutshell The digital currency XRP has been facing a significant downfall in its price, accompanied by a decline in key on-chain metrics since April 12, leading to a 32% drop within a short span. This has resulted in XRP hitting the lows of an 8-month range, raising concerns among investors and traders about…
In A Nutshell Solana (SOL), a prominent cryptocurrency, experienced a significant price fluctuation, soaring above $150 before facing a downward pressure that brought it close to $100. This shift has sparked interest among investors regarding the future trajectory of SOL, particularly whether it will dip below the $100 mark or if a critical support level…
In A Nutshell Nearly $200 million has been withdrawn from the Solana-based decentralized finance (DeFi) protocol MarginFi, following the unexpected resignation of its CEO, Edgar Pavlovsky. The departure came amid a flurry of controversies, including public disputes and accusations from rival protocols. The situation escalated with accusations of unfulfilled promises and internal disagreements, leading to…
In A Nutshell Ubisoft, the renowned AAA game developer, has made significant strides into the blockchain gaming sphere with the tease of its upcoming game, Champion Tactics Grimoria, at Paris Blockchain Week. Targeted for a release by the end of 2024, this tactical PVP RPG marks Ubisoft’s ambitious foray into integrating blockchain technology with mainstream…
In A Nutshell Chainlink has introduced a groundbreaking solution named Transporter to address the significant security risks associated with cross-chain transactions within the DeFi sector. Leveraging the Cross-Chain Interoperability Protocol (CCIP), Transporter aims to provide an unparalleled level of security, labeled as level-5, to protect against the vulnerabilities that have led to numerous high-profile exploits,…
In A Nutshell Ahead of the much-anticipated Bitcoin halving, the mining difficulty of Bitcoin has surged to a record-breaking high of 86.4 trillion, according to the latest data from BTC.com. This adjustment marks a 3.4% increase from the previous level, setting a new precedent in the network’s history. This change comes as the Bitcoin network…
In A Nutshell The Australian Securities and Investments Commission (ASIC) is taking its recent court loss against Finder Wallet to the next level by appealing the decision. This follows a federal court ruling that found Finder Wallet’s Earn product, which offers yields on crypto deposits, did not classify as a “debenture” and thus was compliant…
In A Nutshell The Bitcoin network has recently achieved a significant milestone by surpassing 65 million Ordinals inscriptions, just days before the anticipated halving event scheduled for around April 19. This surge in Ordinals inscriptions, marking the first implementation of non-fungible tokens (NFTs) native to the Bitcoin blockchain, has generated over $458 million in network…
In A Nutshell The digital asset XRP is witnessing a significant upsurge, potentially marking the dawn of a bullish phase that could mimic its 2021 peak performance. A notable crypto analyst has suggested that now may be the optimal time for investors to accumulate XRP. Amidst a market showing bullish signs, metrics from Santiment and…