In A Nutshell The cryptocurrency ecosystem has received a bold prediction from Michael Novogratz, CEO of Galaxy Digital, suggesting that Bitcoin (BTC) could potentially skyrocket to $150,000 per coin. This forecast comes amid a growing trend of investors leaning towards Bitcoin ETFs over traditional gold ETFs, signaling a paradigm shift in the perception of Bitcoin…
In A Nutshell Dechat, a Web3 communication platform, inadvertently shared a link to a honeypot scam in their token launch announcement on February 26. The misleading link led to a PancakeSwap pool designed to trap investors’ funds. The mistake was quickly corrected after being pointed out by on-chain researcher ZachXBT. However, the incident raised concerns…
In A Nutshell Amidst a backdrop of financial instability and the specter of increased surveillance, Robert Kiyosaki, renowned author of “Rich Dad Poor Dad,” has voiced his concerns over the development of Central Bank Digital Currencies (CBDCs) in the U.S. Citing fears of privacy invasion, Kiyosaki recommends investing in Bitcoin and silver as alternatives to…
In A Nutshell A recent phishing scam involving a fake AirDrop from MicroStrategy has led to significant financial losses among cryptocurrency users, with approximations reaching $440K. The scheme exploited the compromised X (formerly Twitter) account of MicroStrategy, enticing victims with a fraudulent offer of MSTR tokens, purportedly backed by the company’s sizable Bitcoin reserves. Despite…
In A Nutshell The Blast ecosystem, a promising Ethereum layer-2 project, recently faced its first major scam incident. An anonymous team behind the project ‘RiskOnBlast,’ which was marketed as a gambling and exchange platform, executed a rug pull, disappearing with over 420 ether (ETH), equivalent to approximately $1.3 million. This event has shaken investor confidence,…
In A Nutshell Despite concerns over rising transaction fees on the Solana network, recent data suggests that network activity remains robust. With an average transaction fee surpassing $0.03, significantly higher than most Layer 2 solutions, the impact on user transactions and network participation was anticipated with keen interest. Analysis indicates that daily active addresses and…
In A Nutshell Ethereum has once again breached the $3,000 mark for the second time in February, indicating a strong bullish momentum within the market. This resurgence has led to a significant increase in Ethereum’s total supply in profit, reflecting positively on investor sentiment and market dynamics. Additionally, Ethereum’s analysis reveals its positioning within the…
In A Nutshell MicroStrategy’s X social media account recently fell victim to a cybersecurity breach, resulting in the distribution of malicious links related to a phishing scam that falsely advertised an airdrop of a non-existent $MSTR token. Users who interacted with these links and connected their wallets were exposed to risks, leading to significant monetary…
In A Nutshell Recent analysis shows that Bitcoin (BTC) may be on the verge of a bull rally as it maintains its position around the $51,000 mark. A significant indicator, the SOPR ratio, has reached a level historically associated with bullish momentum. Coupled with other positive market metrics, such as a decline in exchange reserves…
In A Nutshell The cryptocurrency market, known for its volatility, has once again showcased a mix of winners and losers over the past week. Notable movements were observed across various tokens, with artificial intelligence (AI)-related cryptocurrencies seeing a rally, amidst other significant developments. This report highlights the top performers and those that faced declines, providing…