Solana Nears $190 Hurdle: A Test of Bullish Momentum

Solana Nears $190 Hurdle: A Test of Bullish Momentum

In A Nutshell Solana (SOL) is at a crucial juncture as it attempts for the third time to breach the $190 resistance level. Previous attempts have seen the price being repelled, signaling a strong psychological and technical barrier. With mixed signals from market indicators and increasing bullish momentum, the crypto community is keenly watching whether…

Meta’s Revenue Soars Despite $4.5B Metaverse Loss

Meta’s Revenue Soars Despite $4.5B Metaverse Loss

In A Nutshell Meta Platforms, helmed by Mark Zuckerberg, faced a $4.5 billion loss through its metaverse division, Reality Labs, in the second quarter of the year. This extends the company’s total metaverse-related losses to nearly $60 billion since 2019. Despite this, Meta reported a surprisingly strong quarter with $49 billion in revenue, attributing much…

Ethereum ETFs May Hit $10B in Year One, Says Sygnum Exec

Ethereum ETFs May Hit $10B in Year One, Says Sygnum Exec

In A Nutshell Sygnum Bank’s Head of Investment Research, Katalin Tischhauser, predicts that Ethereum (ETH) exchange-traded funds (ETFs) could amass $10 billion in assets under management (AUM) within their first year of operation. This forecast stems from comparisons with the estimated inflows for Bitcoin ETFs and considers Ethereum’s position and potential in the cryptocurrency market….

Bitcoin Hits Low Volatility Phase; Awaits Next Move

Bitcoin Hits Low Volatility Phase; Awaits Next Move

In A Nutshell Bitcoin’s price has been oscillating within a narrowly defined range between $65,300 and $68,400, a scenario that mirrors its historical low volatility phase. The cryptocurrency’s failure to break past the all-time high of approximately $69,000 has led to a period of consolidation, with trading volumes diminishing. Analysis of Bitcoin’s Price Stagnation The…

Bitcoin Struggles at $70K; Eyes on Key Support Levels

Bitcoin Struggles at $70K; Eyes on Key Support Levels

In A Nutshell Bitcoin’s price dynamics have once again captivated market observers as the cryptocurrency faces significant resistance and potential downturns. Following a rejection at the $70,000 level, Bitcoin is now navigating through a series of lower highs, indicating possible shifts in market sentiment and trading patterns. This brief will delve into the current support…

Daylight Protocol Gets $9M Boost from a16z Crypto

Daylight Protocol Gets $9M Boost from a16z Crypto

In A Nutshell Daylight Protocol has recently announced a successful $9M funding round, led by a16z Crypto with contributions from Framework Ventures, to enhance its distributed energy platform. The investment will aid in the development of Daylight’s innovative approach to meet the escalating global electricity demand through decentralized energy generation. This move comes in response…

Ethereum ETFs See Surge Amid Market Uncertainty

Ethereum ETFs See Surge Amid Market Uncertainty

In A Nutshell Recent developments have shown a significant uptick in Ethereum (ETH) Exchange-Traded Funds (ETFs), marking the first positive net flows in over a week. This shift in the investment landscape raises questions about the future direction of ETH’s price and the broader implications for the cryptocurrency market. This article delves into the factors…

SEC Faces Criticism Over Crypto Regulation Inconsistency

SEC Faces Criticism Over Crypto Regulation Inconsistency

In A Nutshell The recent amendment proposal by the U.S. Securities and Exchange Commission (SEC) to its lawsuit against Binance has sparked a debate within the cryptocurrency industry. Ripple executives have criticized the SEC for inconsistent application of securities designation, particularly concerning tokens such as Solana (SOL) and Cardano (ADA), which were implicated in the…

Ronin Network Hits 2M Users with Web3 Gaming Boom

Ronin Network Hits 2M Users with Web3 Gaming Boom

In A Nutshell The Ronin network, developed by Sky Mavis, has notably surpassed other blockchain networks in daily active users (DAU), reaching two million. This achievement underscores the growing popularity and success of Web3 gaming on Ronin, including titles such as Axie Infinity, Wildforest, Lumiterra, and Pixels. Jeffrey Zirlin, co-founder of Sky Mavis, attributes this…

BWA Boosts Cybersecurity After $230M WazirX Hack

BWA Boosts Cybersecurity After $230M WazirX Hack

In A Nutshell In the wake of a significant $230 million hack targeting WazirX, one of India’s largest cryptocurrency exchanges, the Bharat Web3 Association (BWA) is intensifying its cybersecurity and consumer protection efforts. The BWA has established two new internal groups dedicated to enhancing security measures within the Indian crypto industry and ensuring the safeguarding…