In A Nutshell The ZKX Protocol, a social derivatives trading platform based on the Ethereum Layer-2 network Starknet, has announced its closure. The founder, Eduard Jubany Tur, cited a lack of user engagement, decreased trading volumes, and insufficient daily revenue as the primary reasons for the shutdown. Despite a recent $7.6 million funding round, the…
In A Nutshell The recent decline in Bitcoin’s price to $65,000 led to a significant washout of ‘late longs’, a term referring to the recent leveraged positions in Bitcoin futures. This event is marked by around $800 million worth of BTC futures open interest being wiped out, highlighting the volatility and the high-risk nature of…
In A Nutshell Ethereum’s price has seen a decline, underperforming when compared to Bitcoin and other top layer 1 cryptocurrencies. Despite a significant rally ahead of the launch of spot Ethereum ETFs, ETH has faced challenges, including outflows from US-based ETFs and reduced network activity. Key metrics and market indicators suggest a potential for further…
In A Nutshell Binance Labs, the venture capital arm of Binance, has recently announced its investment in aPriori, a liquid staking protocol on the Monad network. This investment highlights the increasing interest and financial backing into the layer-1 network Monad and its expanding decentralized finance (DeFi) ecosystem. aPriori aims to innovate within the sector by…
In A Nutshell The beloved animated series, Futurama, is no stranger to weaving contemporary cultural references throughout its plotlines, and its most recent episode, “The One Amigo”, is no exception. Airing more than two decades after its original premiere, the series revisited its satirical roots by delving into the realm of non-fungible tokens (NFTs) and…
In A Nutshell Movement Labs has embarked on an innovative journey through its partnership with Polygon Labs’ AggLayer, aiming to redefine the paradigms of blockchain interoperability and liquidity. This collaboration marks a significant milestone with a remarkable $160 million total value locked (TVL) pledge supporting the mainnet’s imminent launch. The integration signifies a leap towards…
In A Nutshell The Hamster Kombat game, a Telegram-based idle clicker game, has rapidly gained popularity, amassing over 300 million players since its launch in March 2024. The team behind this viral sensation is now preparing for what they claim to be the largest airdrop in the history of cryptocurrency, with the distribution of their…
In A Nutshell This week marks a significant milestone in the cryptocurrency world as Trezor celebrates the 10th anniversary of its first hardware wallet, the Trezor Model One. Launched in July 2014, this device was among the first of its kind, offering crypto enthusiasts a secure way to store their digital assets offline. Despite the…
In A Nutshell In the evolving landscape of Web3 gaming, the concept of play-to-earn (P2E) has been both celebrated and criticized. Despite facing substantial scrutiny and being labeled as a “flawed” system by some industry veterans, certain proponents remain optimistic about its potential. Among them is Luke Barwikowski, CEO of the Web3 MMO game Pixels,…
In A Nutshell The cryptocurrency Book of Meme (BOME) has experienced a remarkable increase of 13.30% over the past week, significantly outperforming both the global crypto market and its meme coin counterparts. At the time of analysis, BOME’s price has surged to $0.01055, with a 24-hour trading volume signaling strong investor interest. Technical indicators present…