In A Nutshell The Solana blockchain has witnessed a significant increase in the number of NFT traders, with figures soaring by 111%. However, this upsurge contrasts with a downturn in NFT sales volume, which dipped by 16% during the same period. This anomaly is attributed to the depreciating value of Solana’s native token, SOL, which…
In A Nutshell Solana (SOL), a prominent cryptocurrency, recently encountered a significant resistance level at $160, compelling it to retract. This event raises speculation about whether SOL could potentially decrease to $120. Drawing from an analysis, this piece delves into the current consolidation phase, examining support levels, trading volume, and other critical indicators like the…
In A Nutshell Amidst fluctuating market conditions, a significant movement within the Bitcoin ecosystem has caught the attention of enthusiasts and investors alike. Between May 7th and 8th, 2024, a select group of Bitcoin whales, holding between 1,000 and 10,000 BTC, have collectively added approximately 15,121 BTC to their holdings, amounting to an estimated value…
In A Nutshell Despite facing a significant 22% decline in April, Polkadot (DOT) showcased a remarkable increase in network activity, achieving a new all-time high (ATH) in monthly active accounts. This surge was primarily driven by contributions from parachains like Moonbeam. However, with the onset of May, a shift in momentum was observed, as DOT’s…
In A Nutshell Recent analysis indicates a notable trend among Dogecoin (DOGE) holders, particularly the large addresses, which have increased their stakes by approximately 1%. This accumulation comes amid a slight price increase for DOGE, stirring discussions on whether this could signal a bullish sentiment for the meme-inspired cryptocurrency. This article delves into the significance…
In A Nutshell The memecoin market has experienced an unprecedented boom in 2024, with its market capitalization reaching $50.8 billion and returns surging over 1300% on average for top tokens. Despite Bitcoin’s significant milestones, including the approval of a spot Exchange Traded Fund (ETF) and its halving event, the explosive growth and interest in memecoins…
In A Nutshell The cryptocurrency XRP has recently become a hot topic of discussion, partly due to the SEC’s statement on Ripple Lab’s planned stablecoin. Despite a rise in social metrics indicating increased popularity, XRP’s price action has lagged, prompting concerns about its future direction. With a high buying pressure but bearish indicators, the next…
In A Nutshell The co-founder of Tether, William Quigley, has positioned the tokenization of fiat currencies as a paramount innovation in the financial sector, second only to the invention of fiat money itself. During a discussion at the FT Crypto and Digital Assets Summit, Quigley shared insights on the potential of tokenized fiat to revolutionize…
In A Nutshell A recent investigation by blockchain security firm Zellic has uncovered two significant vulnerabilities in a fork of the Gains Network leveraged trading protocol. These flaws could have allowed traders to secure a 900% profit on every trade, irrespective of market conditions. This discovery raises concerns about the security of forked protocols in…
In A Nutshell Coinbase is paving the way for an era of enhanced interoperability within the crypto ecosystem, particularly through its Ethereum layer-2 Base blockchain. By integrating the Ethereum Virtual Machine (EVM) with Circle’s USD Coin (USDC), Coinbase aims to streamline the Know Your Customer (KYC) and Anti-Money Laundering (AML) processes. This initiative is expected…