In A Nutshell June witnessed a substantial decrease in cryptocurrency hacks and exploits, with losses totaling nearly $176 million—a 54.2% drop from May’s staggering losses of $385 million. This decline is highlighted by several major incidents, including the significant BtcTurk exchange exploit. Overview of June’s Crypto Hacks Data from PeckShield, a crypto analytics firm, indicates…
In A Nutshell Influencer Logan Paul has initiated a legal battle against Stephen Findeisen, known as Coffeezilla on YouTube, over videos that criticized Paul’s NFT project, CryptoZoo. The lawsuit, filed in a Texas District Court, accuses Findeisen of defamation, alleging he made false claims that damaged Paul’s reputation by labeling the CryptoZoo project as a…
In A Nutshell Despite a recent 3% drop in price, Dogecoin (DOGE) exhibits potential signs of a bullish breakout, possibly reaching highs of $0.135 in the near future. This optimism is supported by technical indicators and a strong holding pattern among investors. Understanding Dogecoin’s Current Position Dogecoin, the world’s most recognized memecoin, has faced significant…
In A Nutshell The Bitcoin Mayer Multiple, an indicator measuring the cryptocurrency’s current price against its 200-day moving average, has reached its lowest point since October 2023. This decline accompanies Bitcoin’s price drop to $60,000, indicating a bearish sentiment among investors. Despite this, historical trends suggest potential for recovery, making this a critical moment for…
In A Nutshell Recent analysis of Polygon (MATIC) cryptocurrency indicates a potential sell-off is imminent, as key signals, including a deeply negative MVRV ratio and an uptick in dormant circulation, suggest short-term buyers could be looking to exit their positions. The current bearish market structure and critical resistance levels may further contribute to potential losses…
In A Nutshell The cryptocurrency world has recently been agitated by the dramatic rise of JASON, a memecoin associated with the American singer Jason Derulo. Reportedly, the coin has seen a staggering 6000% increase in value since its inception. Despite the impressive rally, allegations of scam involvement have emerged, casting a shadow over the legitimacy…
In A Nutshell Cryptocurrency exchange Bitstamp is set to delist the Euro Tether (EURT), a euro-pegged stablecoin issued by Tether, in response to the upcoming enforcement of the European Union’s Markets in Crypto-Assets Regulation (MiCA). This move, scheduled before the end of June, reflects Bitstamp’s commitment to adhering to new regulatory frameworks designed to standardize…
In A Nutshell Recent market dynamics have sparked a considerable interest in Chainlink (LINK), following a notable 7.7% increase in its price within the last 24 hours. Analysts are now projecting a potential surge towards a $25 price point, with a more optimistic scenario suggesting a climb to $49. However, despite these bullish predictions, the…
In A Nutshell The Bitcoin Rainbow Chart, a tool that represents Bitcoin’s price movement on a logarithmic scale, suggests a potentially bullish future for the cryptocurrency. According to the chart, Bitcoin (BTC) might reach a valuation of $250,000 by September or October 2025, following the pattern observed in past cycles where maximums occurred 17-18 months…
In A Nutshell The first half of 2024 has shone a spotlight on the dynamic and ever-evolving landscape of the cryptocurrency sector. With a diversity of segments vying for investor attention, memecoins and newly emerging sectors have emerged as the front-runners, delivering remarkable profitability. Traditional powerhouses like Bitcoin and Ether continue to demonstrate resilience, while…