In A Nutshell Riot Platforms, a significant player in the blockchain and cryptocurrency mining industry, has recently escalated its efforts to influence the board composition of Bitfarms, another key mining entity. Riot disclosed it controls a 14.9% stake in Bitfarms and aims to install three new, independent members onto Bitfarms’ board. This move comes on…
In A Nutshell The intersection of cryptocurrency and artificial intelligence (AI) has taken a significant leap forward with the formation of the Artificial Superintelligence Alliance (ASI), a $7.5 billion token merger combining the fetch.ai (FET), AGIX, and Ocean Protocol (OCEAN) communities. This merger is celebrated for fostering synergies and reducing friction within the ecosystem. However,…
In A Nutshell A comprehensive analysis reveals that up to 78% of new token listings since April 2024 may have been negatively impacted by market maker strategies. This manipulation often results in volatile market conditions that do not serve the long-term health of the cryptocurrency or its community. Understanding Market Maker Influence Market makers (MMs)…
In a Nutshell Base, a layer-2 blockchain, has significantly contributed to the growth of Uniswap, marking a notable increase in monthly active traders on the platform. Despite this achievement, Uniswap faces challenges, including a declining Total Value Locked (TVL) and a dip in the price of its governance token, UNI. This scenario poses questions about…
In A Nutshell The past week has seen a significant downturn in the performance of U.S.-listed Bitcoin ETFs, marking a total net outflow of $900 million. This pattern of loss, persisting over five consecutive days, represents the most notable dip since mid-April. Notably, the majority of these outflows were led by Grayscale’s GBTC and Fidelity’s…
In A Nutshell In a significant market movement, Bitcoin (BTC) witnessed a sharp decline, leading to the liquidation of over $122 million in leveraged long positions as the price slipped below the $61,000 mark. This event has heightened concerns about a further drop below the crucial $60,000 threshold, influenced in part by the impending repayment…
In A Nutshell The intersection of Web3 technology and the gaming industry promises a revolution in how players interact with games, offering a blend of play, ownership, and financial opportunities. Industry executives from Shrapnel, Ex Populus, Saga, HyperPlay, and MetalCore shared insights in a recent episode of Decentralize with Cointelegraph, discussing the current landscape and…
In A Nutshell Kerrisdale Capital, an investment firm known for its incisive research and strategic stock shorting, has recently directed its sights towards MicroStrategy. The core of Kerrisdale’s argument hinges on the assertion that MicroStrategy’s stock is overvalued, primarily due to its substantial holdings in Bitcoin. Sahm Adrangi, the Chief Investment Officer at Kerrisdale, encapsulated…
In A Nutshell Ethereum has witnessed a notable increase in daily active addresses, reaching a 10-month high, despite its recent price struggles. This activity spike contrasts with the platform’s trading volume, which has seen a decline during the same period. The implications of these trends on Ethereum’s price stability and overall network health are multifaceted…
In A Nutshell The cryptocurrency community is buzzing with speculation as Andrew Kang, a founding partner at Mechanism Capital, forecasts a potential 30% drop in Ethereum’s price following the launch of spot Ether exchange-traded funds (ETFs). Despite Ethereum’s current trading price around $3,410, Kang suggests a fall to as low as $2,400 could be on…