In A Nutshell The Solana Foundation is actively addressing network congestion issues that have recently hampered user transactions. Austin Federa, Solana Foundation’s strategy lead, provided insights into the challenges and the efforts underway to resolve them during the Paris Blockchain Week. Despite the current setbacks, Solana aims to maintain its standing as a fast, open,…
In A Nutshell A comprehensive analysis by 10x Research suggests a significant potential outflow of Bitcoin (BTC) from miners post-halving, amounting to around $5 billion. This selling pressure could lead to a stagnant period for BTC prices, echoing patterns observed in previous halving events. Moreover, altcoins may also face challenges during this period, possibly exacerbating…
In A Nutshell XRP experienced a dramatic fall, plunging 32% in just two days, marking the most significant drop in 2024. This downturn brought the price well below the anticipated $0.54 demand zone, reaching lows not seen since September 2023. Despite this, key indicators suggest that there might be a silver lining for bullish investors,…
In A Nutshell The digital currency landscape is witnessing a notable shift in the memecoin segment, with Dogwifhat (WIF) witnessing a 3% rise and Shiba Inu (SHIB) experiencing a 7% drop within a 24-hour timespan. This development prompts a closer examination of the underlying factors contributing to the contrasting trajectories of these two popular memecoins….
In A Nutshell A recent investigation by ZachXBT, a pseudonymous blockchain investigator, has uncovered a series of scams perpetrated by a group behind multiple decentralized finance (DeFi) protocol rug pulls. This group, responsible for defrauding users of over $20 million through projects like Magnate, Kokomo, Solfire, and Lendora, has now been linked to a new…
In A Nutshell Venture capital (VC) investments in the cryptocurrency and blockchain industries are experiencing a significant resurgence. With a noticeable increase in capital flow and the adoption of alternative funding models, startups within this space are finding novel pathways to secure funding. This trend is evident from a series of recent funding rounds and…
In A Nutshell The cryptocurrency world offers unique platforms known as on-ramps and off-ramps, serving as bridges between traditional fiat currencies and digital currencies. These platforms not only facilitate the entry and exit from the crypto ecosystem but also play a crucial role in increasing accessibility, ensuring liquidity, and contributing to the overall growth of…
In A Nutshell In the week following the recent halving event, Bitcoin Cash (BCH) experienced a significant downturn, with both its open interest (OI) and market price witnessing notable declines. The OI for BCH plummeted by 47%, falling from a peak of $708.5 million to $378.3 million, as reported by CoinGlass. Concurrently, the price of…
In A Nutshell Ethereum’s forthcoming Pectra hard fork, anticipated between late 2024 and early 2025, promises a revolutionary feature aimed at enhancing user convenience and security. The introduction of a “social recovery” tool as part of Ethereum Improvement Proposal (EIP) 3074 could potentially render the loss of private keys less problematic for users. This upgrade…
In A Nutshell Nearly $200 million has been withdrawn from the Solana-based decentralized finance (DeFi) protocol MarginFi, following the unexpected resignation of its CEO, Edgar Pavlovsky. The departure came amid a flurry of controversies, including public disputes and accusations from rival protocols. The situation escalated with accusations of unfulfilled promises and internal disagreements, leading to…