In A Nutshell Crypto venture capital (VC) funding has maintained a robust momentum, reaching the $1 billion mark for the second consecutive month in 2024. This consistency marks a notable resurgence in investment enthusiasm within the crypto sector since the latter part of 2022. April witnessed a total of $1.02 billion in funding allocated across…
In A Nutshell Jack Dorsey, the co-founder of Twitter and a significant figure in the technological world, has stepped down from the board of Bluesky, a decentralized social media platform he helped conceive and fund in 2019. This departure marks a pivotal moment in the journey of Bluesky, which only opened to the public in…
In A Nutshell The Bitcoin testnet, a crucial tool for developers, faces challenges due to “block storms” and the misuse of testnet Bitcoin (TBTC) by certain projects. Jameson Lopp, a prominent figure in the Bitcoin community, calls for a testnet reboot to maintain its integrity and utility for development purposes. Lopp’s concerns highlight the need…
In A Nutshell Bitcoin, the pioneer of cryptocurrencies, has achieved a monumental milestone by processing its one-billionth transaction. This significant event occurred 15 years, four months, and four days after Satoshi Nakamoto, Bitcoin’s pseudonymous creator, mined the network’s inaugural block. Highlighting Bitcoin’s enduring relevance and its foundational role in the evolving digital currency landscape, this…
In A Nutshell Bitcoin (BTC) is currently facing a tough challenge trying to break through two major resistance lines at the $60,000 mark. Despite a recovery of up to 6.2% from the week’s lows, BTC/USD struggles to surpass these crucial technical barriers. The 100-day moving average (MA) at $59,930 and the short-term holder realized price…
In A Nutshell The cryptocurrency market has encountered significant turbulence recently, affecting both mainstream and alternative coins. Notably, dogwifhat (WIF), a memecoin, has exhibited remarkable resilience by maintaining a bullish market structure even as Bitcoin (BTC) and other altcoins faced downturns. Despite this, WIF experienced a substantial drop in value from its all-time high, more…
In A Nutshell Decentralized Exchanges (DEXs) significantly benefit from memecoins’ widespread appeal, according to Kain Warwick, the founder of Synthetix. During an interview at MemeGlobal Sydney, Warwick highlighted the speculative nature of memecoins as not only a positive force but one that drives volume and innovation within DEX environments. Despite skepticism about the utility of…
In A Nutshell Recent analyses of Dogecoin and Shiba Inu have shed light on the dynamics between these two leading memecoins, revealing insights into their market sentiment, open interest, and funding rates. Amid a broader market downturn, both tokens have faced significant selling pressure, yet their futures market data suggests differing levels of resilience and…
In A Nutshell The decentralized exchange (DEX) ShibaSwap, part of the Shiba Inu [SHIB] ecosystem, has expanded its operations to the Shibarium network, alongside its existing presence on the Ethereum blockchain. This strategic move has led to a significant increase in trading volume and a positive price action for SHIB and its ecosystem tokens. The…
In A Nutshell The cryptocurrency market is no stranger to volatility, and Dogecoin (DOGE), the world’s most popular memecoin, has recently exemplified this with a 30% drop in value. However, analysts are viewing this correction not with alarm but as a harbinger of a potential bull run, drawing parallels to DOGE’s historical price movements before…