In A Nutshell The metaverse, an evolving and expansive digital realm, is now more accessible than ever through a groundbreaking development: the Metaverse Browser. This innovation, brought forth by the Layer-1 blockchain and metaverse protocol Somnia, is designed to significantly ease the journey into Web3 and custom content creation for users. Launched on May 15,…
In A Nutshell FalconX, a noted crypto trading platform, has agreed to a $1.8 million settlement with the Commodity Futures Trading Commission (CFTC) due to its failure to register as a Futures Commission Merchant (FCM). This decision follows the CFTC’s discovery that FalconX offered institutional clients, including those in the U.S., access to crypto derivatives…
In A Nutshell In a significant move within the asset management industry, Vanguard has appointed Salim Ramji, a former Blackrock executive known for his favorable stance on Bitcoin, as its new CEO. This appointment, effective July 8, has sparked conversations regarding the potential shift in Vanguard’s historically conservative approach to cryptocurrency, especially Bitcoin. Ramji’s track…
In A Nutshell The Layer-3 blockchain, Degen Chain, has experienced significant downtime, failing to produce a new block for over 53 hours. This issue has rendered the network and its decentralized applications unusable, causing a notable drop in its native token, DEGEN’s, value. Efforts are underway to resolve the problem, involving resynchronization efforts from the…
In A Nutshell A significant amendment to the United Kingdom’s legal framework, specifically the Economic Crime and Corporate Transparency Act 2023 (ECCTA), which modifies the Proceeds of Crime Act 2002 (POCA), now allows U.K. authorities, including the police and the National Crime Agency (NCA), to seize cryptocurrencies from individuals suspected of criminal activities without the…
In A Nutshell The digital asset Shiba Inu (SHIB) is on the brink of a potential 20% surge, contingent upon a specific market condition. Analysis by crypto expert Ali Martinez, coupled with on-chain metrics, suggests that SHIB is currently undervalued. A descending channel pattern on the SHIB/USD chart indicates a possible breakout. Moreover, the token’s…
In A Nutshell A bipartisan duo of U.S. Senators, Cynthia Lummis and Ron Wyden, have raised concerns over the Department of Justice’s (DOJ) strategy in prosecuting cryptocurrency mixing services like Tornado Cash and Samourai Wallet. The senators argue that these services shouldn’t fall under the category of money transmitters according to previous interpretations by the…
In A Nutshell Vitalik Buterin, the co-founder of Ethereum, has recently put forward a proposal for an Ethereum Improvement Protocol, named EIP-7706. This proposal aims to introduce a new gas model specifically for transaction call data. Currently, Ethereum transactions incur two types of gas fees: one for the computational work needed to execute a transaction…
In A Nutshell Bitcoin’s recent surge to $63,000 has led to increased Funding Rates on derivatives exchanges, indicating a bullish sentiment among traders. Despite a slight price retracement and a “flat” Open Interest, the market’s confidence seems to be regaining, suggesting a stronger demand for long positions in the cryptocurrency. Understanding Bitcoin’s Funding Rates Funding…
In A Nutshell A recent report by Keyrock highlights the extreme volatility experienced in pre-launch token trading, emphasizing its comparison to the stability seen post-token generation event (TGE). The study illustrates how cryptocurrencies like the Wormhole and Jupiter tokens witnessed volatility spikes of over 3,000% and 2,800% respectively before their official launch, significantly higher than…