12 Solana Memecoins Abandoned, Raising $26.7M Concerns

12 Solana Memecoins Abandoned, Raising $26.7M Concerns

In A Nutshell Recent reports have spotlighted a concerning trend within the cryptocurrency landscape: the abandonment of 12 Solana-based memecoin projects within a single month. These projects, initiated through a fundraising mechanism known as a presale, collectively garnered $26.7 million from investors. The revelation, brought to light by blockchain investigator ZachXBT, underscores the volatile nature…

Bitcoin Accumulation Spikes as 2024 Halving Nears

Bitcoin Accumulation Spikes as 2024 Halving Nears

In A Nutshell As the Bitcoin halving event of 2024 approaches, a notable increase in Bitcoin (BTC) accumulation has been observed, with more than 27,000 BTC being added to accumulation addresses as of April 16, 2024. This surge in accumulation highlights the optimistic outlook of market participants, despite recent price volatilities and a broader market…

Solana’s Rollercoaster Ride: Peaks at $156, Eyes $92 Support

Solana’s Rollercoaster Ride: Peaks at $156, Eyes $92 Support

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…

MarginFi CEO Resigns, $200M Withdrawn Amid Controversy

MarginFi CEO Resigns, $200M Withdrawn Amid Controversy

In A Nutshell Nearly $200 million has been withdrawn from the Solana-based decentralized finance (DeFi) protocol MarginFi, following the unexpected resignation of its CEO, Edgar Pavlovsky.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…

Ubisoft Launches NFT Game: Champion Tactics Grimoria

Ubisoft Launches NFT Game: Champion Tactics Grimoria

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…

Chainlink Unveils Transporter for Safer DeFi Cross-Chain Transactions

Chainlink Unveils Transporter for Safer DeFi Cross-Chain Transactions

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,…

Bitcoin Mining Difficulty Hits Record Pre-Halving

Bitcoin Mining Difficulty Hits Record Pre-Halving

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…

ASIC Appeals Court Ruling on Finder Wallet Case

ASIC Appeals Court Ruling on Finder Wallet Case

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…