Ethereum Foundation Email Hack Leads to Scam Alert

Ethereum Foundation Email Hack Leads to Scam Alert

In A Nutshell The Ethereum Foundation’s email server was compromised on June 23, leading to a phishing scam that falsely advertised a partnership with LidoDAO for staking Ether. Despite the distribution of 35,794 scam emails, no cryptocurrency losses have been reported. The foundation has since secured the email account and initiated protective measures. Breaking Down…

Traders’ Strategies to Win Big in Futures Market

Traders’ Strategies to Win Big in Futures Market

In A Nutshell Professional traders leverage a series of strategies within the futures market to amplify their gains while meticulously managing the risk of liquidation. Amidst the sensational headlines of massive liquidations in the crypto futures contracts, it’s crucial to discern that not all liquidations signify reckless leverage use or losses. This analysis delves into…

Bitcoin Faces $65K Resistance: A Critical Juncture

Bitcoin Faces $65K Resistance: A Critical Juncture

In A Nutshell Bitcoin (BTC), the pioneer cryptocurrency, is currently navigating through a critical juncture, with market analysts pinpointing the $65,000 mark as a pivotal resistance level. At this threshold, short-term traders are anticipated to reach a break-even point, potentially leading to an increase in sell-off pressures, while leveraged short positions could face significant risks….

Sexyy Red’s PRESI Token Launch Sparks Market Manipulation Concerns

Sexyy Red’s PRESI Token Launch Sparks Market Manipulation Concerns

In A Nutshell The cryptocurrency community witnessed a significant event involving the PRESI token, associated with American rapper Sexyy Red. Onchain sleuth ZachXBT reported that over 90% of the PRESI token supply was quickly bought up by the rapper’s team at its launch. This phenomenon, known as “sniping,” involves purchasing a large portion of a…

Sentient Raises $85M to Open AI Development

Sentient Raises $85M to Open AI Development

In A Nutshell Sentient, an innovative open-source artificial intelligence (AI) development platform, has successfully closed a significant seed funding round of $85 million. The funding effort was spearheaded by Peter Thiel’s Founders Fund, with substantial participation from Pantera Capital, Framework Ventures, and a host of other investors. This financial infusion is earmarked for expanding Sentient’s…

AI Crypto Merger Launches ASI Coin Amid Market Concerns

AI Crypto Merger Launches ASI Coin Amid Market Concerns

In A Nutshell The Artificial Superintelligence Alliance (ASA) has commenced the first phase of a significant merger involving three prominent AI tokens: Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN). This merger aims to unify these tokens into a single Artificial Superintelligence coin (ASI), a move that has stirred both excitement and concern within the…

Bitcoin Rises 4.5%: Bull Run or Brief Surge?

Bitcoin Rises 4.5%: Bull Run or Brief Surge?

In A Nutshell The cryptocurrency market is witnessing a notable increase in Bitcoin prices, rising approximately 4.5% since the last weekend of June. This surge is driving discussions around whether Bitcoin has reached its market bottom or if the bulls will continue to push the prices higher. Various factors, including on-chain metrics and market liquidity,…

Germany Moves $52M in Bitcoin, Market Wary

Germany Moves $52M in Bitcoin, Market Wary

In A Nutshell The German government has recently transferred another $52 million worth of Bitcoin (BTC) to various exchanges, hinting at the possibility of further selling its holdings. This move involves 832.7 BTC distributed across four transactions to prominent exchanges such as Coinbase, Bitstamp, and Kraken. The majority of this recent transfer, 550 BTC, was…

Low Fees on Bitcoin, Ethereum: Boon for Users, Bane for Miners

Low Fees on Bitcoin, Ethereum: Boon for Users, Bane for Miners

In A Nutshell The cryptocurrency landscapes of Bitcoin and Ethereum are currently experiencing a notable period marked by exceptionally low transaction fees. For Bitcoin, the average transaction fee has dipped to an eight-month low, while Ethereum’s fees have also seen a significant decrease. This trend has sparked a complex discussion among industry experts, miners, and…