In A Nutshell The Total Value Locked (TVL) on the Ethereum layer-2 network, Base, has seen a significant surge to $8 billion, marking a notable milestone for the network. This development occurs shortly after Base surpassed Optimism’s OP Mainnet, positioning itself as a leading force in the Ethereum scaling solutions landscape. With a remarkable growth…
In A Nutshell Wintermute CEO Evgeny Gaevoy criticized Ethereum’s leadership for facing an ideological contradiction, arguing the community must decide between fostering a capitalist or socialist framework but cannot pursue both. This commentary follows Ethereum co-founder Vitalik Buterin and Uniswap founder Hayden Adams’ recent discussions on the value and societal contributions of celebrity memecoins within…
In A Nutshell The CEO and co-founder of io.net, Ahmad Shadid, has unexpectedly resigned just two days before the company’s much-anticipated token launch. Shadid’s departure, announced as immediate, comes amidst unaddressed allegations concerning his past and concerns about the company’s GPU chip offerings. Despite this, the io.net team remains focused on the upcoming token release…
In A Nutshell The landscape of cryptocurrency security is evolving, with a notable increase in crypto hacks during the first quarter of 2024. However, the trend shifts away from smart contract vulnerabilities to more rudimentary yet effective techniques such as private key leaks. With a staggering $542.7 million stolen in early 2024, a deeper analysis…
In A Nutshell CoinGecko, a leading cryptocurrency data aggregator, recently disclosed a data breach affecting its third-party email management platform, GetResponse. The incident, dated June 5, led to the unauthorized access and export of over 1.9 million users’ contact details. This breach was the result of a compromised employee account at GetResponse. Despite the significant…
In A Nutshell A Solana-based memecoin, distinctly named ‘GME’, has witnessed a staggering 150% increase in value ahead of Keith Gill’s, also known as Roaring Kitty, much-anticipated return to YouTube. This uptick is part of a broader surge, with GME’s price soaring by over 730% since the beginning of June, coinciding with Gill’s announcement of…
In A Nutshell Arthur Hayes, the founder of BitMEX and CIO of Maelstrom, has revised his Bitcoin (BTC) market outlook, suggesting a surge following recent interest rate cuts by major central banks. Initially predicting a bullish breakout in August, Hayes has adjusted his forecast due to earlier-than-expected rate cuts by the European Central Bank (ECB)…
In A Nutshell The cryptocurrency market continues to surprise investors with its dynamic nature, and Solana (SOL) is no exception. Recent developments have seen Solana’s trading volume skyrocket, drawing significant attention to the potential implications on its price. Despite a week of robust trading activity, SOL experienced a slight downturn in the last 24 hours,…
In A Nutshell Twetch, a Web3 social media platform operating on the Bitcoin SV (BSV) blockchain, abruptly ceased operations on June 6, leaving its community without a platform and with questions regarding the redemption of their nonfungible tokens (NFTs) and virtual collections. In light of its shutdown, Twetch has hinted at a possible future by…
In A Nutshell Retired professional wrestler Hulk Hogan has publicly refuted claims that he was behind recent posts on X, a social media platform, promoting the Solana-based memecoin HULKAMANIA (HULK). The posts, which have since been deleted, appeared to endorse the token, leading to a rapid surge and subsequent crash in its market value. Hogan,…