Author: Puskar Pande
Bitcoin Exchange Supplies Nearing Depletion, Says Bybit
Bitcoin’s supply on centralized exchanges is on the verge of being depleted within the next nine months, according to a recent analysis by Bybit. The company’s report, drawing on data…
South Korean Police Raid Offices of Winnerz Over Allegations of Crypto Fraud
South Korean police conducted a raid on the offices of the sports-themed blockchain platform Winnerz as part of an investigation into allegations that its WNZ token is a “scam coin.”…
Bitcoin Miners Prepare for Halving as Competition Heats Up
As the anticipated Bitcoin halving approaches, the event is now expected to occur a day earlier than initially predicted, on April 19, rather than April 20. Despite an increase in…
Umoja and Merlin Chain Collaborate to Launch Bitcoin’s First High-Yield Synthetic Dollar
The smart money protocol Umoja has announced a partnership with the Bitcoin layer two (L2) project Merlin Chain to introduce a groundbreaking high-yield synthetic dollar backed by Bitcoin. This new…
Ahead of the halving, Bitcoin mining stocks are still plunging
With investors gravitating toward safer assets due to geopolitical uncertainties following recent hostilities between Iran and Israel and growing short interest in cryptocurrency mining equities, stock values are continuing to…
Users will get an airdrop of 100 million tokens from Solana DEX Drift
Drift, a decentralized exchange system based in Solana that allows trading of cryptocurrency perpetual futures, is about to debut and airdrop DRIFT, its “governance” token. According to Drift’s announcement on…
Since spot ETFs launched, Grayscale’s GBTC has seen a 50% decrease in Bitcoin holdings, reaching its own halving
Since the launch of the U.S. spot bitcoin exchange-traded funds on January 11, Grayscale’s holdings of GBTC bitcoin have decreased by half in around three months. Rather than starting from…
A mining protocol similar to Bitcoin: Solana’s ore mining is suspended due to network congestion
Following an increase in network congestion on Solana SOL +5.43%, Ore, a startup that mines a currency similar to Bitcoin, stated that it is stopping mining. “I have decided to…
Ethereum’s Pectra Upgrade Brings Smart Contract Functionality to Wallets Amidst Concerns
Ethereum developers are moving forward with the long-anticipated inclusion of EIP-3074 in the blockchain’s next upgrade, known as Pectra. The upgrade is expected later this year and aims to bring…
Gold-Backed PAXG Token Soars Amid Geopolitical Tensions
PAX Gold (PAXG), a gold-backed digital asset developed by Paxos, saw its price surge significantly over the weekend due to heightened geopolitical tensions in the Middle East. This spike in…
Ethereum Lending Markets Experience Significant Loan Liquidations
The first two weeks of April saw a high volume of liquidations in Ethereum lending markets, hitting levels not seen since June 2022. Despite the month barely being half over,…
Ether.Fi Secures $500 Million Restaking Partnership with RedStone Oracles
Ether.Fi, the leading liquid restaking service on EigenLayer, has reached a $500 million deal with RedStone Oracles, a provider of blockchain data feeds. This partnership aims to enhance RedStone’s data…
Governments Around the World Among Largest Holders of Cryptocurrency
Recent data from blockchain intelligence firm Arkham Intelligence has revealed that the United States, United Kingdom, and Germany are among the top countries with the largest government-held cryptocurrency reserves. The…
Adidas and Stepn, a cryptocurrency exercise app, are partnering to release NFTs and merchandise
Stepn, a fitness app founded in Solana, announced on Monday that it is partnering with shoe and sportswear giant Adidas. The Stepn x Adidas Genesis Sneakers collection, a batch of…
Floor price of Bored Apes has dropped more than 90% from its peak and is at its lowest point since 2021
Given that the floor price of the once-celebrated collection has dropped to its lowest position since August 2021, Bored Ape Yacht Club NFTs might have had more than just a…
Here’s Why Robert Kiyosaki Won’t Invest in a Bitcoin ETF
Author Robert Kiyosaki explained his refusal to invest in a spot bitcoin exchange-traded fund (ETF). He emphasized, “I do not own gold or silver ETFs, just as I own gold…
$4,500 Crash Is Caused by Severe Bitcoin Market Volatility; $167 million in BTC Longs Are Erased in One Hour
Bitcoin’s (BTC) price dropped below the $62,000 barrier about 4:00 p.m. Eastern Time on Saturday after trading mostly in the $67,000 range during the morning. Within three hours, the cryptocurrency…
Amid the volatility in the cryptocurrency market on Saturday, USDE and FDUSD saw brief depegs
The stablecoin market is under scrutiny once more after the USDE and FDUSD momentarily dropped below the intended peg. Both Ethena’s USDE and First Digital’s FDUSD dropped below their goal…
Anza Rolls Out Updates to Alleviate Solana Network Congestion
Anza has released an update in version 1.18.11 of its validator client to address persistent network congestion issues affecting the Solana blockchain. Validator clients play a crucial role in proof-of-stake…
Mysten Labs Introduces Suiplay0x1, a Web3-Enabled Gaming Handheld
Mysten Labs, known for developing the proof-of-stake blockchain project Sui, has revealed its plans to launch Suiplay0x1, a gaming handheld with Web3 capabilities. While specific hardware details remain under wraps,…