In A Nutshell The realm of Bitcoin has observed a significant downturn in activity, hitting its lowest point since November 2010. Recent on-chain data reveals a stark decline in the number of weekly active Bitcoin wallets, with figures dropping to levels unseen since December 2018. This slump in activity points towards a decreased retail participation,…
In A Nutshell Recent data from the on-chain analytics platform CryptoQuant reveals a significant reduction in Bitcoin (BTC) withdrawals from miner-affiliated wallets. Since the block subsidy halving in April, which effectively cut miners’ reward per block by 50%, there has been an approximate 85% drop in BTC withdrawals by miners. This sharp decline suggests a…
In A Nutshell Venture capital firm Paradigm has recently addressed the European Securities and Markets Authority (ESMA) with a comment letter concerning the regulatory body’s approach to market abuse within the cryptocurrency domain, specifically focusing on the contentious issue of Maximum Extractable Value (MEV). Paradigm emphasizes the need for nuanced understanding and regulation of MEV,…
In A Nutshell The landscape of Bitcoin ownership has marked a significant milestone with the number of “wholecoiners” – entities holding at least one full Bitcoin – persisting above the one million threshold for over 13 months. This consistency showcases a robust holder base amidst fluctuating market conditions. Despite the inherent volatility in the cryptocurrency…
In A Nutshell Influencer Logan Paul has initiated a legal battle against Stephen Findeisen, known as Coffeezilla on YouTube, over videos that criticized Paul’s NFT project, CryptoZoo. The lawsuit, filed in a Texas District Court, accuses Findeisen of defamation, alleging he made false claims that damaged Paul’s reputation by labeling the CryptoZoo project as a…
In A Nutshell Despite a recent 3% drop in price, Dogecoin (DOGE) exhibits potential signs of a bullish breakout, possibly reaching highs of $0.135 in the near future. This optimism is supported by technical indicators and a strong holding pattern among investors. Understanding Dogecoin’s Current Position Dogecoin, the world’s most recognized memecoin, has faced significant…
In A Nutshell The Tron network has marked a significant milestone by reaching an average daily user count of 2.5 million. This growth in network activity is not only a testament to Tron’s increasing adoption but also reflects positively on its cryptocurrency, TRX, which has seen over a 5% increase in its price over the…
In A Nutshell The European Union (EU) is gearing up for a significant shift in the cryptocurrency sector with the upcoming enforcement of the Markets in Crypto-Assets Regulation (MiCA). This new legislative framework, set to be progressively implemented starting from June 30 for stablecoins and later in December for crypto asset service providers (CASPs), aims…
In A Nutshell Recent discussions within the blockchain community indicate a divergence of opinion regarding the viability and future of Non-Fungible Tokens (NFTs). While some argue that NFTs are nearing their demise following a dip in trading volumes, key figures within the space offer a different perspective. Toshiuki Otsuka, Anoir Houmou, and other experts assert…
In A Nutshell The Bitcoin Mayer Multiple, an indicator measuring the cryptocurrency’s current price against its 200-day moving average, has reached its lowest point since October 2023. This decline accompanies Bitcoin’s price drop to $60,000, indicating a bearish sentiment among investors. Despite this, historical trends suggest potential for recovery, making this a critical moment for…