In A Nutshell Tron’s daily network revenue reached a surprising all-time high of $2 million on February 20, 2024, coinciding with the day Circle announced it would cease the minting of its USDC stablecoin on the Tron network. This surge in revenue was attributed to an increase in transaction fees, generated from 13 million TRX…
In A Nutshell Social media behemoth, Reddit, has stepped into the cryptocurrency domain, disclosing its holdings in Bitcoin (BTC) and Ethereum (ETH) as part of its preparation for an Initial Public Offering (IPO). This move aligns Reddit with other tech giants like MicroStrategy and Tesla, who have also embraced cryptocurrency investments as a strategic financial…
In A Nutshell The digital asset XRP, associated with Ripple, finds itself navigating a challenging market landscape as it attempts to rebound from its recent lows. Since the beginning of 2024, XRP has experienced a decline, failing to replicate the highs it saw in December 2023. The analysis delves into various metrics, including the critical…
In A Nutshell The cryptocurrency community has witnessed a significant development involving Polygon (MATIC), with over 273 million MATIC tokens, valued at approximately $263 million, being transferred from the Polygon vesting contract to the Foundation. This move marks the final token unlock for MATIC, pushing it into full circulation. Despite this substantial injection of tokens…
In A Nutshell Recent analysis by AMBCrypto, and data from Santiment, indicate an upward trend in Dogecoin (DOGE) holdings among both retail investors and large-scale whale cohorts. This uptick in accumulation could signal a bullish outlook for DOGE’s near future. Despite a slow start to the year, Dogecoin has seen a notable recovery in the…
In A Nutshell The cryptocurrency community is currently buzzing with discussions about Exchange-Traded Funds (ETFs), particularly in the context of Ripple (XRP). Ripple CEO Brad Garlinghouse has publicly endorsed the idea of an XRP ETF, stating it would benefit the XRP community significantly. This statement comes amidst a backdrop of fluctuating XRP whale holdings and…
In A Nutshell Bitcoin’s current trading value witnessing a modest dip to $51,400 amidst various factors, including regulatory discussions, stands at the forefront of the cryptocurrency market’s ever-evolving landscape. With the U.S. Senate’s hesitation on crypto legislation, Switzerland’s Postfinance launching crypto services, and Japan considering a bill to allow investment funds to hold cryptocurrencies, the…
In A Nutshell Digital Currency Group (DCG) has expressed strong opposition to a settlement agreement between its subsidiary Genesis and the attorney general of New York. The dispute revolves around Genesis’s proposed asset sale, valued at approximately $1.6 billion, which includes substantial investments in Grayscale’s cryptocurrency trusts. DCG’s main point of contention is what it…
tl;dr The Fetch.AI (FET) token experienced a significant 54% price rally over the past 7 days, largely driven by the excitement surrounding the launch of OpenAI’s AI-based video generation app, Sora. The hype around AI technologies contributed to this surge. Despite the impressive growth, technical indicators suggest caution, as the token enters overbought territory with…
ETH and ADA Prepare for Altcoin Season While everyone is waiting for a reaction from Bitcoin (BTC), Ethereum (ETH) and Cardano (ADA) seem to be preparing to take control. If the dominance of Bitcoin falls, ETH and ADA could lead the altcoin rally. Despite recent price increases, according to crypto analyst Dan Gambardello, ETH and…