In A Nutshell The decentralized finance (DeFi) platform Compound Finance is currently embroiled in a significant governance controversy. A series of governance proposals have sparked allegations of a “governance attack” led by a voting bloc known as the “Golden Boys.” These developments have raised concerns about potential centralization and the manipulation of governance mechanisms within…
In A Nutshell A new form of cybercrime targeting the cryptocurrency community has surfaced, involving the use of counterfeit conferencing software to execute address-poisoning attacks and steal digital assets. SlowMist founder, Yu Xian, has recently highlighted a report from a community member who fell victim to a sophisticated job-hunting scam, leading to a cautionary tale…
In A Nutshell The blockchain gaming sector, despite receiving considerable financial backing, has not lived up to expectations in terms of gameplay quality, according to Kori Leon, co-founder of Pixelverse. While the gaming continues to be a promising avenue for Web3 adoption, the reality has been marred by underperforming titles that fail to engage players…
In A Nutshell Solana (SOL) has experienced significant price volatility recently, with notable movement from $167 to $185, fueled by the broader cryptocurrency market dynamics and the Ethereum spot ETF’s approval. Despite retracing some gains, bullish indicators and positive sentiment suggest potential for defensive moves around the key support levels. This piece dives into the…
In A Nutshell Bitcoin’s current market dynamics depict a precarious situation where a dip below $63,800 could significantly impact traders due to a built-up $30 million liquidation pool. This scenario is rooted in the aggressive leverage strategies employed by traders aiming to capitalize on the dip. Moreover, Bitcoin’s failure to maintain its stance above the…
In A Nutshell Recent developments in the cryptocurrency market have sparked a debate among analysts, with the launch of spot Ethereum (ETH) exchange-traded funds (ETFs) being at the center of discussion. According to Charles Edwards, founder of Capriole Investments, the introduction of these ETH ETFs in what he considers a weak market could potentially divert…
In A Nutshell Ethereum (ETH) exchange-traded funds (ETFs) have recently received regulatory approval, leading to a notable increase in selling pressure on the cryptocurrency. This development marks a significant moment for Ethereum, mirroring a pattern observed with Bitcoin ETFs. The question now arises: Will Ethereum’s price fall below the $3,000 mark as a result of…
In A Nutshell The cryptocurrency world is currently witnessing a significant surge in the value of dogwifhat (WIF), a Solana-based memecoin. Over the last month, WIF’s price increased by 35.5%, moving from $2.18 to $2.59. This rally has elevated the market cap from $1.57 billion to $2.49 billion. Analysts and crypto enthusiasts are closely monitoring…
In A Nutshell The transformation of Metaplanet and Semler Scientific from “zombie companies” to thriving enterprises is a testament to the transformative potential of Bitcoin in corporate finance. Following MicroStrategy’s pioneering approach, both companies incorporated Bitcoin into their balance sheets, resulting in significant stock price surges despite the inherent volatility of cryptocurrency investments. Revival Through…
In A Nutshell Marathon Digital, a leading Bitcoin mining company, has fundamentally altered its strategy towards Bitcoin by purchasing an additional $100 million worth of the cryptocurrency. This move is part of their new “full HODL” strategy, which sees the company retaining all Bitcoin mined and further buying more from the open market. This decision…