In A Nutshell Base, the layer-2 network developed by cryptocurrency exchange Coinbase, has recently marked a significant milestone by achieving over $4 billion in total value locked (TVL), showcasing a growth of more than 13.2% in the past week. This leap positions Base as the third largest Ethereum layer-2 by TVL, surpassing its peers, except…
In A Nutshell Wormhole, a project within the Solana ecosystem, has recently outperformed both Solana and Jupiter in terms of development activity. With a development score of 189, Wormhole surpasses Solana’s 108.2 and Jupiter’s 83.07, indicating a robust and active development phase. This achievement highlights the team’s commitment and belief in the project’s success, potentially…
In A Nutshell Worldcoin’s recent 20% price drop has left investors questioning their next move. Amidst a backdrop of uncertain market conditions and Bitcoin’s struggle for recovery, Worldcoin’s on-chain metrics and futures market data reveal a complex picture. While development activity hints at long-term value, short-term market sentiment leans bearish, urging a cautious approach. This…
In A Nutshell Bitcoin has experienced a substantial 64% rise during the first quarter of 2024, marking its third strongest quarterly performance in the past three years. This impressive surge has drawn attention to the potential volatility and “screwy price action” as the Bitcoin halving approaches. With this significant event on the horizon, set for…
In A Nutshell The Bitcoin community is abuzz with anticipation as the next halving event draws near, anticipated to occur in April. This event, which historically has triggered shifts in mining strategies and influenced the cryptocurrency market, promises to be of a “different scale” according to Asher Genoot, CEO of Hut 8 Mining. With the…
In A Nutshell The crypto community is witnessing an unprecedented rise in phishing attacks, reaching what CertiK co-founder Ronghui Gu describes as “alarming levels.” The first quarter of 2024 has not only seen a significant increase in the complexity of attacks, particularly those compromising private keys, but also a dramatic surge in financial losses. With…
In A Nutshell Ethereum’s (ETH) recent 7.98% decline amidst the uncertainty surrounding the approval of Exchange-traded Funds (ETFs) and challenges with restaking has investors on edge. Despite these hurdles, optimism emerges around EigenLayer’s new protocol, which could serve as a foundation for future Ethereum services, potentially offering substantial rewards to validators. The Dilemma of Restaking…
In A Nutshell Bitfarms, a significant player in the Bitcoin mining sector, has announced a strategic investment of nearly $240 million to significantly upgrade its mining equipment. This move is designed to triple the company’s hash rate capacity post-Bitcoin halving in 2024. The upgrade aims to enhance performance, profitability, and operational efficiency, positioning Bitfarms to…
In A Nutshell In a swift response to a significant security breach, the Ethereum-based NFT game Munchables has announced comprehensive measures to bolster its security framework after nearly losing $63 million to a rogue developer. This incident highlights the continuous risk of internal threats within the crypto and NFT ecosystems and showcases Munchables’ commitment to…
In A Nutshell The crypto investment landscape is on the brink of a significant evolution with the prospective approval of Ethereum (ETH) Exchange-Traded Funds (ETFs). Bitwise, a leading asset management firm, recently advocated for the delay of ETH ETF approval until December 2024, arguing that the current market focus on Bitcoin (BTC) could overshadow the…