In A Nutshell The Polygon network recently experienced a significant upsurge in its Decentralized Exchange (DEX) volumes, surpassing $1.6 billion and positioning itself as the fourth-largest in terms of DEX volume. This increase, alongside a steady rise in Proof-of-Stake (PoS) addresses and a Total Value Locked (TVL) holding steady at around $1.4 billion, has sparked…
In A Nutshell Solana (SOL) has recently been drawing attention due to its significant price movements, reminiscent of its performance in 2022. With a whale transferring a substantial amount of SOL to an exchange, there are speculations about the potential impact on the token’s value. While the coin has seen a notable increase, reaching its…
In A Nutshell Shiba Inu (SHIB), the renowned meme coin, recently experienced a surge in value, marking a significant rally that brought unseen levels of profitability to its holders. This increase, notably evident over the last week, was propelled by the activity of large-scale investors, commonly known as whales, and an awakening of coins that…
In A Nutshell The forthcoming retirement of Vanguard’s CEO, Tim Buckley, marks a pivotal moment for the investment giant, raising questions about the company’s future direction, especially concerning its stance on Bitcoin ETFs. Buckley, who has been at the helm for over three decades, will be succeeded by Greg Davis, the current Chief Investment Officer,…
In A Nutshell Amid Bitcoin’s remarkable breach of the $60,000 mark, the crypto community is abuzz with speculation about the future trajectory of its value. Prominent figures like Mike Novogratz, founder of Galaxy Digital, and Cathie Wood of ARK Invest, have shared their insights, highlighting Bitcoin’s emergence as a new asset class and its potential…
In A Nutshell Litecoin (LTC), a long-standing player in the cryptocurrency market, recently showcased a significant performance leap, marking a 24% increase in its value over a mere seven-day period. This surge comes amid a backdrop of rising mining metrics, including hash rate and mining difficulty, yet an intriguing lack of correlation with miner fees,…
In A Nutshell Dogecoin (DOGE), the widely recognized meme coin, has reached a two-year trading high, mirroring the recent surge in Bitcoin (BTC) value. DOGE’s price soared by over 30% in the last 24 hours, marking a sign of strong bullish sentiment in the cryptocurrency market. This upswing comes despite a noted decline in new…
In A Nutshell The cryptocurrency market has witnessed Binance Coin (BNB) surpass the $400 mark, a feat driven by several key factors. This surge is attributed to the Binance Smart Chain’s (BSC) expanding user base, record transaction volumes, and a significant increase in the Total Value Locked (TVL) within the network. The Surge of Binance…
In A Nutshell StarkWare, a notable player in the blockchain and cryptocurrency domain, recently announced the launch of Stwo, an innovative open-sourced prover tool at ETH Denver. This tool is grounded in zero-knowledge (ZK) technology and aims to significantly enhance the scalability and efficiency of transactions on the Ethereum network by reducing both latency and…
In A Nutshell The Bitcoin market is currently experiencing a surge, hitting a three-year high of $63,215. This unprecedented rise has led to a situation where a staggering 99.17% of Bitcoin addresses are in profit, indicating a bullish sentiment in the cryptocurrency world. This level of profitability has not been seen since 2021, and it…