Over the past year, the digital asset economy has experienced a decline due to various factors such as increasing interest rates, regulatory actions, financial insolvencies, and instances of fraud. Even the world’s second-largest stablecoin, USDC, was not immune to these forces. Its total circulating supply has plummeted from approximately $45 billion to around $25 billion
Crypto
MetaMask, the popular Ethereum wallet, recently launched Validator Staking support on its platform, allowing users to stake their tokens. This new feature has received a lot of attention, and for good reason. One of the major advantages of staking through MetaMask is that the tokens are staked by Consensys, a company with a stellar reputation
Jurrien Timmer, Fidelity’s Director of Global Macro, has recently analyzed the current trends in Bitcoin’s price. Contrary to the concerns of some market participants, Timmer suggests that the recent drop in Bitcoin’s price is not indicative of a long-term trend reversal but rather a short-term positioning adjustment. This perspective challenges the prevailing narrative surrounding Bitcoin’s
Despite the recent approvals of spot Bitcoin ETFs and the influx of significant capital, the anticipated positive influence on Bitcoin’s price has yet to materialize. In fact, Bitcoin experienced a decline of more than 5% following the approvals last week. This contrasts with Ethereum, which recorded an almost 8% rise over the same period, despite
Bitcoin mining can be a profitable venture, but it also comes with its fair share of risks and challenges. Recently, an unknown user made a costly mistake when they paid a transaction fee that was significantly higher than necessary. This error resulted in a fee of 4 BTC, equivalent to $172,000, for a transaction that
The recent actions taken by Celsius, a bankrupt lending firm, have garnered attention as the company transfers more than $125 million worth of Ether to crypto exchanges in an effort to repay its creditors. This move reflects the steps taken by other firms such as FTX and Alameda Research, which also resumed funds transfer activities
Chainlink’s native token, LINK, recently experienced a significant downturn, dropping below the crucial $13 support level due to speculations surrounding the potential rejection of the spot Bitcoin ETF by the US Securities and Exchange Commission (SEC). However, the latest data suggests that LINK is now enjoying a “mild decoupling” from the rest of the altcoin
1inch, the popular DEX aggregator, experienced a significant surge in volumes and market dominance in the fourth quarter of last year. This article explores the factors behind its success and highlights the key findings from Messari’s report. According to Messari’s report, 1inch recorded over $30 billion in executed volume, solidifying its position as a dominant
Bitcoin (BTC) and Ethereum (ETH) are currently displaying a pattern reminiscent of previous years, during which their prices rose by significant margins, according to a recent research report by Coinbase Research and Glassnode. This observation highlights the cyclicality of the crypto market and draws parallels between the ongoing cycle and the period from 2018 to
Anthony Scaramucci, the founder and CEO of alternative asset management firm SkyBridge Capital, has expressed his belief that Bitcoin (BTC) will soar to new heights, surpassing its previous all-time high, before the end of 2024. In an interview with CNBC, Scaramucci highlighted the recent approval by the United States Securities and Exchange Commission (SEC) for