In A Nutshell A recent study conducted by Blockworks Research has placed Celestia, a layer-1 data availability network launched in 2023, on the trajectory to surpass Ethereum in terms of on-chain data storage capacity. Since its inception, Celestia has gradually increased its market share, capturing from roughly 20% to 40% by the end of July….
In A Nutshell Elon Musk, the renowned Tesla CEO and Twitter owner, recently declared a significant shift in his stance toward cryptocurrency promotions. Amidst a surge in social media scams, Musk has vowed to cease all promotional activities related to digital currencies, particularly those that leverage his name or likeness. This decision illuminates the broader…
In A Nutshell Recent analysis reveals Ethereum (ETH) whales have aggressively accumulated over 126,000 ETH, valued around $440 million, within a span of 48 hours. This significant activity has sparked discussions on a possible preparatory phase for a bullish rally amidst mixed market signals. Exchange platforms are witnessing heightened trading volumes, indicating a collective anticipation…
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…