In A Nutshell The recent announcement of a $9 million Series A funding round for the DePIN project Daylight, led by Andreessen Horowitz (A16z), has sparked considerable interest in the decentralized physical infrastructure (DePIN) sector. Daylight’s innovative approach to decentralized energy distribution, combined with the implementation of blockchain technology, represents a significant step forward in…
In A Nutshell Recent trends in the memecoin market, particularly Dogecoin (DOGE) and Shiba Inu (SHIB), have caught the attention of investors as both cryptocurrencies experienced a notable decline in value over the past week. Despite this downturn, certain on-chain metrics suggest a potential recovery on the horizon, raising questions about the future prospects of…
In A Nutshell Following a significant rally, Bitcoin faces mounting sell pressure, attributed to various factors ranging from liquidated long positions to the transfer of substantial BTC amounts to anonymous wallets. Amidst expectations of reaching beyond the $70k mark, the cryptocurrency has instead experienced a downturn, influenced by both internal and external economic signals. Understanding…
In A Nutshell Decentralized physical infrastructure networks (DePINs) represent a transformative approach to internet infrastructure ownership and control, offering enhanced security, reduced costs, and better backup solutions. In a recent episode of Hashing It Out by Cointelegraph, Pavel Bains, the CEO of Bluzelle, delves into the significance of DePINs and their implications for the future…
In A Nutshell Solana (SOL), a prominent player in the cryptocurrency market, experienced a notable 8% price drop within a 24-hour period, bringing it down to a critical support level at $165. This decline triggered a significant liquidation event in leveraged positions, amounting to over $400 million. This recent downturn is part of a broader…
In A Nutshell The latest report from CCData highlights a significant surge in the growth and market dominance of stablecoins, continuing a ten-month trend of increasing market capitalization, now pegged at $164 billion. This growth is set against the backdrop of broader cryptocurrency adoption and the evolving regulatory landscape, notably in Europe with the MiCA…
In A Nutshell Notcoin, initially recognized for its viral tap-to-earn game, is transitioning to a more sustainable, story-driven Web3 game in collaboration with Lost Dogs NFT collection and the TON-based NFT marketplace, Getgems. This new venture aims to provide a deeper, more engaging experience for users by incorporating narrative elements and offering players the opportunity…
In A Nutshell Google has unveiled three new generative Artificial Intelligence (AI) models within its Gemma 2 series – Gemma 2 2B, ShieldGemma, and Gemma Scope. These tools emphasize enhanced safety, efficiency, and transparency, with a nod toward open-source methodology akin to Meta’s approach with its Llama models. This move not only advances the capabilities…
In A Nutshell Decentralized Finance (DeFi) is demonstrating signs of a significant resurgence. Vital indicators such as active loans and the total value locked (TVL) have seen substantial recoveries from their previous lows in 2023. With active loans reaching levels reminiscent of early 2022 at about $13.3 billion and TVL rallying to approximately $96.5 billion,…
In A Nutshell A notable Bitcoin (BTC) trading indicator, the Bollinger Bands, has reached its tightest point in the last 12 months, hinting at a potential significant price movement for the cryptocurrency. Historical patterns suggest that such a squeeze in the Bollinger Bands may precede a considerable price rise, as observed in past occurrences. This…