In A Nutshell Ethereum’s (ETH) dramatic fluctuations in price have caught the attention of both large-scale investors, commonly known as whales, and smaller traders alike. After a brief surge above the $3.9k mark, Ethereum experienced a rapid decline, providing a perfect buying opportunity for whales. This piece examines the recent movements in Ethereum’s market, analyzing…
In A Nutshell The financial world is abuzz with speculation as Ethereum (ETH) Exchange-Traded Funds (ETFs) edge closer to final approval, potentially shifting the spotlight from Bitcoin (BTC). Recent developments have sparked a debate on whether Ethereum’s ETF could distract investors and traders from Bitcoin. With influential figures like Anthony Pompliano and Michael Saylor weighing…
In A Nutshell Recent activities have highlighted the movement of a substantial quantity of Bitcoin (BTC) from the now-defunct Mt. Gox exchange. Despite the transfer of approximately 140,000 BTC, valued at around $9.4 billion, analyses from multiple data sources, including CryptoQuant and Santiment, suggest that these movements have not significantly impacted Bitcoin’s market presence or…
In A Nutshell Recent observations have pointed to a significant surge in Bitcoin’s futures open interest, reaching a 16-month pinnacle at 516k BTC as of May 29th. This upward movement, as reported by Coinglass, marks a notable moment since the previous peak in January 2023. Concurrently, Bitcoin’s funding rate remains positive despite the cryptocurrency experiencing…
In A Nutshell Terraform Labs and its CEO, Do Kwon, are on the verge of finalizing a settlement agreement with the U.S. Securities and Exchange Commission (SEC) following fraud allegations. The case, which revolves around the misleading sale and promotion of cryptocurrency tokens, notably the algorithmic stablecoin Terra USD (UST) and its related tokens, is…
In A Nutshell Recent data from Immunefi, a blockchain security organization, indicates a notable 12% decrease in financial losses due to cryptocurrency frauds and hacks in May compared to the same timeframe last year. The recorded losses, totaling $52 million for the month, also represent a significant 28% drop from April’s figures. This ongoing trend…
In A Nutshell Hidden Road, supported by investment firm Citadel, has recently stopped offering its clients access to the ByBit exchange. This decision was influenced by concerns over ByBit’s compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) standards. ByBit has announced it will audit its brokerage business to ensure adherence to regulatory policies…
In A Nutshell Alex Labs, a developer working on Bitcoin’s layer-2 solutions, recently faced a security breach that compromised its operations. In response, the organization has unveiled a comprehensive recovery plan and enhanced security protocols to regain the trust of its community and safely resume its platform’s functions. This plan includes governance votes on key…
In A Nutshell Ocean Mining, a new Bitcoin mining pool with support from tech entrepreneur Jack Dorsey, has chosen El Salvador as the location for its international hub and headquarters. This move, announced on May 29, marks a significant step in bolstering El Salvador’s position as a frontrunner in the global Bitcoin ecosystem. El Salvador:…
In A Nutshell In a recent initiative to combat cryptocurrency scams, pop star and cryptocurrency enthusiast Iggy Azalea has announced a unique approach: burning her own cryptocurrency tokens in response to any identified celebrity coin scams. This move underlines her commitment to fostering trust and integrity within the crypto space, setting her apart from controversies…