In A Nutshell Bitcoin [BTC], the leading cryptocurrency, experienced a substantial 13% dip, stirring widespread discussions among investors, analysts, and enthusiasts. The decline, marking a significant correction, dropped its value to $62,900, the lowest in recent weeks. This event triggered diverse reactions across the crypto community, with perspectives ranging from seeing this as a healthy…
In A Nutshell The digital asset market is always ripe with predictions and analyses, and the latest buzz surrounds XRP, a prominent cryptocurrency, potentially outpacing Bitcoin in terms of price growth. A notable analyst from CrediBULL Crypto has presented a case for XRP’s price to possibly surge by 100%, predicated on its performance against Bitcoin…
In A Nutshell Ethereum Name Service (ENS) founder Nick Johnson recently shared an impactful story with Cointelegraph at ETHGlobal in London, highlighting a pivotal moment in the project’s history influenced by Ethereum co-founder, Vitalik Buterin. Initially uncertain about the funding required to launch ENS, Johnson submitted a proposal to the Ethereum Foundation. Buterin, seeing the…
In A Nutshell In recent developments, Binance has announced that its user assets under custody have significantly surpassed the $100 billion milestone as of March 18. This remarkable achievement comes despite the U.S. Department of Justice’s actions against the exchange and its co-founder, Changpeng Zhao. Beginning the year with $40 billion in custody, Binance’s assets…
In A Nutshell Recent on-chain data reveals a stark divergence in Bitcoin (BTC) ownership trends. While smaller investors, often referred to as ‘fish’, are reducing their Bitcoin holdings, ‘whales’ and ‘sharks’ are accumulating BTC at an unprecedented rate. This phenomenon, observed amidst fluctuating market sentiments near all-time high prices, suggests a strategic consolidation of Bitcoin…
In A Nutshell A significant blunder occurred within the Solana ecosystem as Slerf, a project operating on this blockchain, reported an accidental burning of tokens valued at approximately $10 million. This incident, which involved funds designated for creating a liquidity pool and airdropping free SLERF tokens to presale investors, has led to a considerable stir…
In A Nutshell Even amidst fluctuating market conditions, Bitcoin continues to be a central topic among leading financial and tech organizations. Recent comments from the CEOs of Vanguard and BlackRock illustrate the divergent views on Bitcoin’s role and potential as a long-term investment. While Vanguard exhibits caution, BlackRock seems to lean towards optimism regarding Bitcoin’s…
In A Nutshell The cryptocurrency Arbitrum (ARB) experienced a significant price drop of 14% following the release of over 1.1 billion tokens. This event, known as a “token unlock,” resulted in a swift reaction from holders and investors, leading to notable shifts in the coin’s market dynamics. Despite the price tumble, certain large-scale investors, or…
In A Nutshell The anticipation surrounding Arbitrum’s significant upcoming token unlock has sparked varied market sentiments. With the release of 1.45 billion tokens, equivalent to 15.7% of its total supply, some market participants fear a potential price crash due to increased supply. However, recent market activities, such as a substantial acquisition of ARB tokens by…
In A Nutshell Despite Bitcoin’s recent price correction, dropping more than 6% in the last 24 hours, there are signs that investors, especially large holders or “whales,” remain bullish. This is evidenced by their continued accumulation of BTC, even as the overall market sentiment appears bearish. This analysis delves into the contrasting dynamics of exchange…