In A Nutshell The Wormhole network, a prominent cross-chain bridge, recently launched an airdrop of its governance token, W, valued at approximately $850 million. This significant event attracted attention across the cryptocurrency community, including scammers and spoof token creators. The W token debuted with a market capitalization close to $3 billion but has since experienced…
In A Nutshell Bitcoin Cash (BCH), a prominent proof-of-work cryptocurrency, has completed its second-ever halving event as of 10:45 pm UTC on April 3, at block height 840,000. This significant milestone reduces miner rewards from 6.25 BCH to 3.125 BCH. The event comes amidst a notable price rally over the past three months, with BCH…
In A Nutshell The Bitcoin community is abuzz with anticipation as the next halving event draws near, anticipated to occur in April. This event, which historically has triggered shifts in mining strategies and influenced the cryptocurrency market, promises to be of a “different scale” according to Asher Genoot, CEO of Hut 8 Mining. With the…
In A Nutshell The tokenization of real-world assets (RWA) is poised to significantly impact the capital markets, particularly if the sector reaches the $1 trillion mark. Carlos Domingo, CEO of Securitize, highlighted the potential for mainstream adoption of RWA, drawing parallels with the early stages of cryptocurrency’s own growth. With BlackRock’s recent initiative involving its…
In A Nutshell The cryptocurrency sector is abuzz with speculations regarding Solana’s (SOL) price trajectory in April. After a recent rally to $191, the market is caught in a tug-of-war between bullish patterns and bearish market sentiment. This piece delves into the technical and market indicators to offer an informed prediction on SOL’s future price…
In A Nutshell The crypto community is witnessing an unprecedented rise in phishing attacks, reaching what CertiK co-founder Ronghui Gu describes as “alarming levels.” The first quarter of 2024 has not only seen a significant increase in the complexity of attacks, particularly those compromising private keys, but also a dramatic surge in financial losses. With…
In A Nutshell Andre Cronje, the visionary behind Fantom, has voiced concerns over the potential risks associated with negative funding rates in perpetual futures contracts, drawing parallels to the catastrophic Terra-Luna collapse. Despite the allure of Ethena Labs’ USDe offering an attractive yield, there’s an underlying fear that its structure could lead to the creation…
In A Nutshell Ethereum’s (ETH) recent 7.98% decline amidst the uncertainty surrounding the approval of Exchange-traded Funds (ETFs) and challenges with restaking has investors on edge. Despite these hurdles, optimism emerges around EigenLayer’s new protocol, which could serve as a foundation for future Ethereum services, potentially offering substantial rewards to validators. The Dilemma of Restaking…
In A Nutshell The current state of Bitcoin presents a compelling case for long-term investment, with data revealing that holding Bitcoin has been profitable for 99.92% of its tradable days. Recent statistics indicate that only a minor fraction of days—specifically, six days within certain periods of March—resulted in a loss for Bitcoin holders. This impressive…
In A Nutshell Delphi Labs CEO José Maria Macedo recently made a bold assertion regarding the future of Ethena Labs, predicting it will soon ascend to become the highest revenue-generating entity in the cryptocurrency sector. This optimistic projection is primarily anchored in the promising performance of Ethena’s synthetic dollar, USDe, which is anticipated to rival…