Bitcoin Hits 65M Ordinals Before Halving Event

Bitcoin Hits 65M Ordinals Before Halving Event

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…

XRP Eyes Bullish Rally, Analysts Suggest Accumulation

XRP Eyes Bullish Rally, Analysts Suggest Accumulation

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…

Base Hits $4B TVL, Becomes 3rd Largest Ethereum L2

Base Hits $4B TVL, Becomes 3rd Largest Ethereum L2

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…

Wormhole Leads in Dev Activity, Outshines Solana and Jupiter

Wormhole Leads in Dev Activity, Outshines Solana and Jupiter

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…

Worldcoin Drops 20% Amid Mixed Market Signals

Worldcoin Drops 20% Amid Mixed Market Signals

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…

Bitcoin Soars 64% Ahead of 2024 Halving Event

Bitcoin Soars 64% Ahead of 2024 Halving Event

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…

Bitcoin Halving Buzz: Market & Mining Shifts Ahead

Bitcoin Halving Buzz: Market & Mining Shifts Ahead

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…

Crypto Phishing Attacks Surge, Losses Hit $303M

Crypto Phishing Attacks Surge, Losses Hit $303M

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…

Ethereum Dips Amid ETF Woes, EigenLayer Sparks Hope

Ethereum Dips Amid ETF Woes, EigenLayer Sparks Hope

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…

Bitfarms Invests $240M for Triple Hash Rate Post-Halving

Bitfarms Invests $240M for Triple Hash Rate Post-Halving

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…